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 |
EA
Electronic Arts
EA
|
+$217M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$217M |
| 3 |
Amazon
AMZN
|
+$205M |
| 4 |
T-Mobile US
TMUS
|
+$202M |
| 5 |
Microsoft
MSFT
|
+$192M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Realty Income
O
|
+$111M |
| 2 |
Healthpeak Properties
DOC
|
+$87.1M |
| 3 |
Hartford Financial Services
HIG
|
+$68.7M |
| 4 |
Annaly Capital Management
NLY
|
+$63.7M |
| 5 |
W.P. Carey
WPC
|
+$54.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.03% |
| 2 | Healthcare | 14.41% |
| 3 | Financials | 12.11% |
| 4 | Consumer Discretionary | 12.02% |
| 5 | Communication Services | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EGOV
1601
DELISTED
NIC Inc
EGOV
| $2.95M | ﹤0.01% |
149,758
+4,200
| +3% | +$90.7K |
|
1602
AeroVironment
AVAV
$9.59B
| $2.94M | ﹤0.01% |
49,021
+1,200
| +3% | +$89.1K |
|
1603
Heron Therapeutics
HRTX
$63.5M
| $2.94M | ﹤0.01% |
198,542
+4,700
| +2% | +$73.3K |
|
|
FMBI
1604
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $2.94M | ﹤0.01% |
272,950
+18,058
| +7% | +$222K |
|
|
CORE
1605
DELISTED
Core Mark Holding Co., Inc.
CORE
| $2.94M | ﹤0.01% |
101,614
+2,900
| +3% | +$84.8K |
|
1606
Piper Sandler
PIPR
$5.34B
| $2.94M | ﹤0.01% |
160,924
+3,008
| +2% | +$51.3K |
|
|
DOYU
1607
DouYu International Holdings
DOYU
$138M
| $2.93M | ﹤0.01% |
22,168
+854
| +4% | +$122K |
|
1608
Verra Mobility
VRRM
$731M
| $2.93M | ﹤0.01% |
303,128
+4,076
| +1% | +$42.6K |
|
|
PDCE
1609
DELISTED
PDC Energy, Inc.
PDCE
| $2.92M | ﹤0.01% |
235,842
+8,413
| +4% | +$120K |
|
|
CVSA
1610
Covista Inc
CVSA
$4.36B
| $2.92M | ﹤0.01% |
118,851
+2,455
| +2% | +$79.2K |
|
1611
Sphere Entertainment
SPHR
$6.33B
| $2.91M | ﹤0.01% |
42,427
+1,000
| +2% | +$72.1K |
|
1612
Encore Capital Group
ECPG
$2.07B
| $2.9M | ﹤0.01% |
75,270
+3,441
| +5% | +$137K |
|
|
AZEK
1613
DELISTED
The AZEK Co
AZEK
| $2.9M | ﹤0.01% |
+83,248
| New | +$2.9M |
|
|
BRMK
1614
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $2.89M | ﹤0.01% |
292,858
+8,200
| +3% | +$79K |
|
1615
Kadant
KAI
$3.91B
| $2.88M | ﹤0.01% |
26,296
+803
| +3% | +$91K |
|
|
MFA
1616
MFA Financial
MFA
$925M
| $2.87M | ﹤0.01% |
267,506
+8,872
| +3% | +$95.5K |
|
1617
Pediatrix Medical
MD
$2.15B
| $2.87M | ﹤0.01% |
176,034
-15,586
| -8% | -$290K |
|
1618
First Merchants
FRME
$2.72B
| $2.86M | ﹤0.01% |
123,462
+3,993
| +3% | +$99.7K |
|
|
VVNT
1619
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $2.85M | ﹤0.01% |
166,793
+12,415
| +8% | +$210K |
|
|
CXP
1620
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $2.85M | ﹤0.01% |
260,863
+7,300
| +3% | +$87.1K |
|
1621
Renasant Corp
RNST
$4B
| $2.83M | ﹤0.01% |
124,341
+2,370
| +2% | +$57K |
|
|
SWCH
1622
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $2.82M | ﹤0.01% |
180,902
+4,100
| +2% | +$69.8K |
|
1623
Gray Television
GTN
$520M
| $2.82M | ﹤0.01% |
204,931
+1,322
| +0.6% | +$19.3K |
|
1624
Immunovant
IMVT
$8.8B
| $2.82M | ﹤0.01% |
80,178
+37,857
| +89% | +$1.14M |
|
1625
Fluor
FLR
$6.96B
| $2.81M | ﹤0.01% |
319,410
+7,700
| +2% | +$81K |
|
Similar funds
California Public Employees Retirement System's Q3 2020 Portfolio in Review
As of Q3 2020, California Public Employees Retirement System held 3,611 positions worth $112B, up 11% from $101B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 4.3%. California Public Employees Retirement System opened 104 new positions and exited 52, leaving the 3,611-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q3 2020 buy was KE Holdings: 253,194 shares worth $15.5M.
- California Public Employees Retirement System added most to Electronic Arts in Q3 2020, an estimated $217M increase.
- California Public Employees Retirement System's biggest Q3 2020 reduction was Realty Income, cutting an estimated $111M.
- California Public Employees Retirement System fully exited Seagen Inc. Common Stock in Q3 2020, selling an estimated $46.2M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $112B portfolio in Q3 2020.
- California Public Employees Retirement System opened 104 new positions and closed 52 in Q3 2020.
- California Public Employees Retirement System's portfolio value rose 11% quarter-over-quarter to $112B.
Based on California Public Employees Retirement System's 13F filing for Q3 2020, filed 5 Nov 2020.