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 | 21.15% |
| 2 | Healthcare | 14.75% |
| 3 | Financials | 12.89% |
| 4 | Consumer Discretionary | 10.68% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
Piper Sandler
PIPR
$5.34B
| $2.34M | ﹤0.01% |
157,916
+34,792
| +28% | +$490K |
|
|
GMS
1702
DELISTED
GMS Inc
GMS
| $2.33M | ﹤0.01% |
94,927
+3,017
| +3% | +$57.5K |
|
1703
Seacoast Banking Corp of Florida
SBCF
$3.44B
| $2.33M | ﹤0.01% |
114,356
+2,079
| +2% | +$42.2K |
|
|
ECOL
1704
DELISTED
US Ecology, Inc.
ECOL
| $2.33M | ﹤0.01% |
68,874
+15,218
| +28% | +$496K |
|
1705
Astec Industries
ASTE
$994M
| $2.32M | ﹤0.01% |
50,062
+1,334
| +3% | +$54.7K |
|
|
BBBY
1706
Bed Bath & Beyond
BBBY
$423M
| $2.31M | ﹤0.01% |
89,540
+59,169
| +195% | +$869K |
|
1707
TriMas Corp
TRS
$1.41B
| $2.31M | ﹤0.01% |
96,614
-4,976
| -5% | -$114K |
|
|
INVX
1708
Innovex International
INVX
$2.15B
| $2.31M | ﹤0.01% |
77,430
-3,105
| -4% | -$95.5K |
|
|
FOCS
1709
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $2.31M | ﹤0.01% |
69,797
+1,558
| +2% | +$39K |
|
|
WDR
1710
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $2.3M | ﹤0.01% |
148,341
-9,101
| -6% | -$125K |
|
|
UHT
1711
Universal Health Realty Income Trust
UHT
$573M
| $2.29M | ﹤0.01% |
28,863
-100
| -0.3% | -$9.41K |
|
|
CVGW
1712
DELISTED
Calavo Growers
CVGW
| $2.29M | ﹤0.01% |
36,397
+398
| +1% | +$23.9K |
|
1713
Coherus Oncology
CHRS
$176M
| $2.29M | ﹤0.01% |
128,130
-11,354
| -8% | -$192K |
|
|
DCP
1714
DELISTED
DCP Midstream, LP
DCP
| $2.29M | ﹤0.01% |
202,321
-4,803
| -2% | -$45.5K |
|
1715
Compass Diversified
CODI
$924M
| $2.28M | ﹤0.01% |
132,447
+1,243
| +0.9% | +$21.2K |
|
1716
Black Stone Minerals
BSM
$3.08B
| $2.28M | ﹤0.01% |
350,415
+169,551
| +94% | +$1.08M |
|
1717
Enpro
NPO
$7.12B
| $2.28M | ﹤0.01% |
46,203
-557
| -1% | -$24.6K |
|
1718
City Holding Co
CHCO
$2.08B
| $2.27M | ﹤0.01% |
34,882
-500
| -1% | -$31.7K |
|
1719
Deluxe
DLX
$1.09B
| $2.27M | ﹤0.01% |
96,305
-1,350
| -1% | -$33.8K |
|
1720
OceanFirst Financial
OCFC
$1.85B
| $2.27M | ﹤0.01% |
128,568
+6,988
| +6% | +$112K |
|
1721
PBF Energy
PBF
$8.81B
| $2.25M | ﹤0.01% |
220,094
-47,077
| -18% | -$471K |
|
|
SAFE
1722
DELISTED
Safehold Inc.
SAFE
| $2.25M | ﹤0.01% |
39,135
+15,075
| +63% | +$826K |
|
1723
Alamo Group
ALG
$2.01B
| $2.24M | ﹤0.01% |
21,813
-120
| -0.5% | -$11.5K |
|
1724
Park National Corp
PRK
$3.72B
| $2.23M | ﹤0.01% |
31,705
+2,098
| +7% | +$154K |
|
1725
Workhorse Group
WKHS
$33.1M
| $2.23M | ﹤0.01% |
43
+30
| +231% | +$325K |
|
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.