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 | |
|---|---|---|---|---|---|---|
1651
CBIZ
CBZ
$2.96B
| $2.68M | ﹤0.01% |
117,315
+3,200
| +3% | +$76K |
|
|
SHLX
1652
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $2.68M | ﹤0.01% |
282,937
+4,970
| +2% | +$54.4K |
|
1653
Enpro
NPO
$7.12B
| $2.67M | ﹤0.01% |
47,403
+1,200
| +3% | +$64.7K |
|
1654
Park National Corp
PRK
$3.75B
| $2.66M | ﹤0.01% |
32,505
+800
| +3% | +$65.1K |
|
1655
Strategy Inc
MSTR
$38.2B
| $2.66M | ﹤0.01% |
176,460
+2,020
| +1% | +$27.3K |
|
|
DRNA
1656
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $2.66M | ﹤0.01% |
147,653
+2,663
| +2% | +$55.1K |
|
|
YMAB
1657
DELISTED
Y-mAbs Therapeutics
YMAB
| $2.65M | ﹤0.01% |
69,024
+1,900
| +3% | +$75.6K |
|
1658
Amkor Technology
AMKR
$14.3B
| $2.65M | ﹤0.01% |
236,442
+8,900
| +4% | +$110K |
|
1659
SITE Centers
SITC
$156M
| $2.64M | ﹤0.01% |
470,056
+18,235
| +4% | +$108K |
|
1660
Stewart Information Services
STC
$2B
| $2.63M | ﹤0.01% |
60,120
+8,581
| +17% | +$347K |
|
1661
Vroom Inc
VRM
$52.1M
| $2.63M | ﹤0.01% |
+634
| New | +$2.83M |
|
1662
Acushnet Holdings
GOLF
$5.2B
| $2.62M | ﹤0.01% |
78,014
+2,200
| +3% | +$77.5K |
|
1663
ATI
ATI
$31.4B
| $2.62M | ﹤0.01% |
300,008
+16,624
| +6% | +$153K |
|
|
BRSL
1664
Brightstar Lottery PLC
BRSL
$2.15B
| $2.61M | ﹤0.01% |
234,880
+8,256
| +4% | +$88.6K |
|
|
PRO
1665
DELISTED
PROS Holdings
PRO
| $2.61M | ﹤0.01% |
81,700
-5,208
| -6% | -$196K |
|
1666
Banner Corp
BANR
$2.5B
| $2.6M | ﹤0.01% |
80,486
+2,100
| +3% | +$73.9K |
|
1667
Mercury Insurance
MCY
$5.84B
| $2.59M | ﹤0.01% |
62,623
+1,925
| +3% | +$82.7K |
|
|
PING
1668
DELISTED
Ping Identity Holding Corp.
PING
| $2.59M | ﹤0.01% |
82,966
+47,651
| +135% | +$1.56M |
|
1669
NBT Bancorp
NBTB
$2.78B
| $2.59M | ﹤0.01% |
96,415
+1,426
| +2% | +$42.3K |
|
|
LMNX
1670
DELISTED
Luminex Corp
LMNX
| $2.58M | ﹤0.01% |
98,397
+3,400
| +4% | +$104K |
|
1671
Deluxe
DLX
$1.09B
| $2.58M | ﹤0.01% |
100,249
+3,944
| +4% | +$102K |
|
|
HOUS
1672
DELISTED
Anywhere Real Estate
HOUS
| $2.58M | ﹤0.01% |
273,058
+11,745
| +4% | +$113K |
|
1673
Atkore
ATKR
$3.17B
| $2.58M | ﹤0.01% |
113,384
+3,935
| +4% | +$107K |
|
|
ARGO
1674
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $2.58M | ﹤0.01% |
74,837
+1,416
| +2% | +$49.4K |
|
1675
McCormick & Company Voting
MKC.V
$14.2B
| $2.58M | ﹤0.01% |
26,382
+7,000
| +36% | +$685K |
|
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.