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 |
Merck
MRK
|
+$261M |
| 2 |
Becton Dickinson
BDX
|
+$198M |
| 3 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$186M |
| 4 |
Apple
AAPL
|
+$171M |
| 5 |
Johnson & Johnson
JNJ
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aflac
AFL
|
+$125M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$61.6M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
NextEra Energy
NEE
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.46% |
| 2 | Healthcare | 14.48% |
| 3 | Financials | 12.59% |
| 4 | Consumer Discretionary | 12.05% |
| 5 | Communication Services | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EGOV
1601
DELISTED
NIC Inc
EGOV
| $3.69M | ﹤0.01% |
142,751
-7,007
| -5% | -$163K |
|
1602
Domo
DOMO
$184M
| $3.68M | ﹤0.01% |
57,745
-886
| -2% | -$38.2K |
|
|
FIT
1603
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $3.68M | ﹤0.01% |
541,255
-9,012
| -2% | -$63.5K |
|
1604
Helios Technologies
HLIO
$2.66B
| $3.68M | ﹤0.01% |
69,020
-1,300
| -2% | -$61.2K |
|
1605
Red Rock Resorts
RRR
$3.73B
| $3.67M | ﹤0.01% |
146,404
-2,800
| -2% | -$59.6K |
|
|
NOAH
1606
Noah Holdings
NOAH
$588M
| $3.66M | ﹤0.01% |
76,617
-2,836
| -4% | -$91.6K |
|
|
SILK
1607
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $3.66M | ﹤0.01% |
58,157
+2,357
| +4% | +$146K |
|
1608
Park National Corp
PRK
$3.72B
| $3.65M | ﹤0.01% |
34,806
+2,301
| +7% | +$226K |
|
|
MNR
1609
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $3.65M | ﹤0.01% |
210,879
-4,000
| -2% | -$60.4K |
|
|
ARI
1610
Apollo Commercial Real Estate
ARI
$885M
| $3.65M | ﹤0.01% |
326,441
-31,102
| -9% | -$319K |
|
1611
Arbor Realty Trust
ABR
$981M
| $3.64M | ﹤0.01% |
256,605
+18,463
| +8% | +$240K |
|
1612
SITE Centers
SITC
$156M
| $3.64M | ﹤0.01% |
460,651
-9,405
| -2% | -$65.7K |
|
1613
Knowles
KN
$3.23B
| $3.64M | ﹤0.01% |
197,313
-3,604
| -2% | -$60.2K |
|
1614
Phreesia
PHR
$780M
| $3.63M | ﹤0.01% |
66,919
+7,219
| +12% | +$310K |
|
1615
Addus HomeCare
ADUS
$2.2B
| $3.63M | ﹤0.01% |
30,986
+2,186
| +8% | +$226K |
|
|
CXP
1616
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $3.61M | ﹤0.01% |
251,673
-9,190
| -4% | -$117K |
|
1617
Virgin Galactic
SPCE
$475M
| $3.6M | ﹤0.01% |
7,592
-145
| -2% | -$67.7K |
|
|
TPIC
1618
DELISTED
TPI Composites
TPIC
| $3.6M | ﹤0.01% |
68,261
-1,300
| -2% | -$52K |
|
1619
Patrick Industries
PATK
$2.79B
| $3.6M | ﹤0.01% |
78,944
-880
| -1% | -$37.3K |
|
1620
Cheesecake Factory
CAKE
$5.57B
| $3.59M | ﹤0.01% |
96,986
-1,531
| -2% | -$52.5K |
|
1621
Herc Holdings
HRI
$5.64B
| $3.59M | ﹤0.01% |
54,114
-843
| -2% | -$45.5K |
|
1622
Virtu Financial
VIRT
$5.04B
| $3.59M | ﹤0.01% |
142,708
-2,336
| -2% | -$54.1K |
|
1623
Seacoast Banking Corp of Florida
SBCF
$3.44B
| $3.58M | ﹤0.01% |
121,567
+4,211
| +4% | +$102K |
|
1624
Virtus Investment Partners
VRTS
$1.12B
| $3.57M | ﹤0.01% |
16,463
-1,029
| -6% | -$187K |
|
1625
United Parks & Resorts
PRKS
$2.01B
| $3.57M | ﹤0.01% |
112,874
-2,200
| -2% | -$57.3K |
|
Similar funds
California Public Employees Retirement System's Q4 2020 Portfolio in Review
As of Q4 2020, California Public Employees Retirement System held 3,678 positions worth $130B, up 15% from $112B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System's Q4 2020 filing shows 119 new, 1,416 increased, 1,670 reduced and 115 closed positions. Its largest new stake was Seagen Inc. Common Stock: 998,612 shares worth $175M. The largest sale was Aflac, an estimated $125M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q4 2020 buy was Seagen Inc. Common Stock: 998,612 shares worth $175M.
- California Public Employees Retirement System added most to Merck in Q4 2020, an estimated $261M increase.
- California Public Employees Retirement System's biggest Q4 2020 reduction was Aflac, cutting an estimated $125M.
- California Public Employees Retirement System fully exited BeOne Medicines Ltd in Q4 2020, selling an estimated $68.8M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $130B portfolio in Q4 2020.
- California Public Employees Retirement System opened 119 new positions and closed 115 in Q4 2020.
- California Public Employees Retirement System's portfolio value rose 15% quarter-over-quarter to $130B.
Based on California Public Employees Retirement System's 13F filing for Q4 2020, filed 2 Feb 2021.