California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$473M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$433M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$371M |
| 4 |
Adobe
ADBE
|
+$284M |
| 5 |
RTX Corp
RTX
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$316M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$139M |
| 3 |
Sysco
SYY
|
+$139M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$117M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.95% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 12.82% |
| 4 | Consumer Discretionary | 10.64% |
| 5 | Consumer Staples | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
Under Armour Class C
UA
$2.2B
| $3.41M | ﹤0.01% |
385,800
-11,300
| -3% | -$96K |
|
|
FMBI
1452
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $3.4M | ﹤0.01% |
254,892
+12,407
| +5% | +$165K |
|
1453
Yext
YEXT
$574M
| $3.4M | ﹤0.01% |
204,600
+8,300
| +4% | +$116K |
|
1454
Horace Mann Educators
HMN
$2.09B
| $3.4M | ﹤0.01% |
92,436
-1,227
| -1% | -$43.1K |
|
|
ARI
1455
Apollo Commercial Real Estate
ARI
$885M
| $3.38M | ﹤0.01% |
345,029
-184
| -0.1% | -$1.56K |
|
|
TWNK
1456
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $3.38M | ﹤0.01% |
276,961
+10,951
| +4% | +$129K |
|
1457
Hamilton Lane
HLNE
$5.69B
| $3.38M | ﹤0.01% |
50,175
+53
| +0.1% | +$3.34K |
|
|
PGRE
1458
DELISTED
Paramount Group
PGRE
| $3.38M | ﹤0.01% |
438,375
-4,042
| -0.9% | -$34.1K |
|
|
ALTR
1459
DELISTED
Altair Engineering Inc
ALTR
| $3.38M | ﹤0.01% |
85,000
+3,500
| +4% | +$119K |
|
1460
Walker & Dunlop
WD
$1.45B
| $3.38M | ﹤0.01% |
66,457
+904
| +1% | +$37K |
|
1461
Ambarella
AMBA
$3.66B
| $3.38M | ﹤0.01% |
73,721
+2,088
| +3% | +$108K |
|
1462
Denali Therapeutics
DNLI
$4.04B
| $3.37M | ﹤0.01% |
139,172
+30,499
| +28% | +$717K |
|
1463
Ubiquiti
UI
$35B
| $3.36M | ﹤0.01% |
19,253
-640
| -3% | -$107K |
|
1464
Mueller Industries
MLI
$15.1B
| $3.36M | ﹤0.01% |
505,604
-3,048
| -0.6% | -$19.2K |
|
|
BEAT
1465
DELISTED
BioTelemetry, Inc.
BEAT
| $3.35M | ﹤0.01% |
74,227
+200
| +0.3% | +$8.96K |
|
1466
Kratos Defense & Security Solutions
KTOS
$11.8B
| $3.35M | ﹤0.01% |
214,200
+13,719
| +7% | +$220K |
|
|
EGOV
1467
DELISTED
NIC Inc
EGOV
| $3.34M | ﹤0.01% |
145,558
-642
| -0.4% | -$15.2K |
|
|
CXP
1468
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $3.33M | ﹤0.01% |
253,563
-3,300
| -1% | -$43.5K |
|
1469
Cerence
CRNC
$391M
| $3.33M | ﹤0.01% |
81,414
-200
| -0.2% | -$5.75K |
|
1470
Westamerica Bancorp
WABC
$1.38B
| $3.32M | ﹤0.01% |
57,768
-292
| -0.5% | -$17K |
|
1471
Golub Capital BDC
GBDC
$3.48B
| $3.31M | ﹤0.01% |
284,456
+146,035
| +106% | +$1.64M |
|
1472
First Merchants
FRME
$2.72B
| $3.29M | ﹤0.01% |
119,469
-1,728
| -1% | -$46.2K |
|
1473
8x8 Inc
EGHT
$290M
| $3.29M | ﹤0.01% |
205,600
+10,400
| +5% | +$165K |
|
1474
Glaukos
GKOS
$11.2B
| $3.29M | ﹤0.01% |
85,600
+6,300
| +8% | +$235K |
|
1475
News Corp Class B
NWS
$17.7B
| $3.29M | ﹤0.01% |
274,940
-749
| -0.3% | -$8.11K |
|
Similar funds
California Public Employees Retirement System's Q2 2020 Portfolio in Review
As of Q2 2020, California Public Employees Retirement System held 3,550 positions worth $101B, up 23% from $82.6B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System deployed $3.3B of net new capital in Q2 2020, opening 169 new positions and adding to 1,761 existing holdings. Its largest new stake was RTX Corp: 3,200,810 shares worth $197M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Apple, an estimated $316M trimmed.
- California Public Employees Retirement System's largest Q2 2020 buy was RTX Corp: 3,200,810 shares worth $197M.
- California Public Employees Retirement System added most to Gilead Sciences in Q2 2020, an estimated $473M increase.
- California Public Employees Retirement System's biggest Q2 2020 reduction was Apple, cutting an estimated $316M.
- California Public Employees Retirement System fully exited Allergan plc in Q2 2020, selling an estimated $134M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $101B portfolio in Q2 2020.
- California Public Employees Retirement System opened 169 new positions and closed 43 in Q2 2020.
- California Public Employees Retirement System's portfolio value rose 23% quarter-over-quarter to $101B.
Based on California Public Employees Retirement System's 13F filing for Q2 2020, filed 12 Aug 2020.