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 | |
|---|---|---|---|---|---|---|
|
XHR
1726
Xenia Hotels & Resorts
XHR
$1.78B
| $2.38M | ﹤0.01% |
270,524
+8,352
| +3% | +$73.7K |
|
|
GMS
1727
DELISTED
GMS Inc
GMS
| $2.37M | ﹤0.01% |
98,506
+3,579
| +4% | +$87.6K |
|
1728
Lindsay Corp
LNN
$1.18B
| $2.37M | ﹤0.01% |
24,549
+600
| +3% | +$59.2K |
|
1729
Methode Electronics
MEI
$602M
| $2.36M | ﹤0.01% |
82,960
+2,187
| +3% | +$63.2K |
|
|
CTEV
1730
Claritev Corp
CTEV
$698M
| $2.36M | ﹤0.01% |
5,765
+4,985
| +639% | +$2.19M |
|
1731
Clover Health Investments
CLOV
$2.42B
| $2.36M | ﹤0.01% |
+189,269
| New | +$2.09M |
|
1732
Camping World
CWH
$666M
| $2.35M | ﹤0.01% |
79,099
+5,506
| +7% | +$180K |
|
1733
Sally Beauty Holdings
SBH
$1.55B
| $2.35M | ﹤0.01% |
270,427
+16,807
| +7% | +$202K |
|
|
OPI
1734
DELISTED
Office Properties Income Trust
OPI
| $2.35M | ﹤0.01% |
113,390
+4,360
| +4% | +$105K |
|
1735
TechTarget
TTGT
$269M
| $2.35M | ﹤0.01% |
53,367
+1,633
| +3% | +$61.6K |
|
|
TUP
1736
DELISTED
Tupperware Brands Corporation
TUP
| $2.34M | ﹤0.01% |
115,933
+3,994
| +4% | +$60.7K |
|
|
FOCS
1737
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $2.33M | ﹤0.01% |
71,081
+1,284
| +2% | +$45.4K |
|
|
CHCT
1738
Community Healthcare Trust
CHCT
$436M
| $2.33M | ﹤0.01% |
49,779
+2,200
| +5% | +$101K |
|
1739
Kite Realty
KRG
$5.31B
| $2.33M | ﹤0.01% |
201,064
+10,002
| +5% | +$110K |
|
1740
Malibu Boats
MBUU
$571M
| $2.33M | ﹤0.01% |
46,955
+98
| +0.2% | +$5.33K |
|
|
TSE
1741
DELISTED
Trinseo
TSE
| $2.33M | ﹤0.01% |
90,766
+2,221
| +3% | +$55.4K |
|
1742
Cerus
CERS
$572M
| $2.33M | ﹤0.01% |
371,642
+43,742
| +13% | +$290K |
|
1743
Karyopharm Therapeutics
KPTI
$46.2M
| $2.33M | ﹤0.01% |
10,615
+163
| +2% | +$39.9K |
|
|
GCP
1744
DELISTED
GCP Applied Technologies Inc.
GCP
| $2.32M | ﹤0.01% |
110,933
+2,800
| +3% | +$64.7K |
|
|
SWTX
1745
DELISTED
SpringWorks Therapeutics
SWTX
| $2.32M | ﹤0.01% |
48,666
+1,761
| +4% | +$75K |
|
|
DCP
1746
DELISTED
DCP Midstream, LP
DCP
| $2.32M | ﹤0.01% |
207,621
+5,300
| +3% | +$64.2K |
|
1747
Signet Jewelers
SIG
$3.51B
| $2.32M | ﹤0.01% |
123,919
+4,957
| +4% | +$72.1K |
|
1748
Enerpac Tool Group
EPAC
$1.88B
| $2.32M | ﹤0.01% |
123,125
+3,100
| +3% | +$61.8K |
|
|
ARCE
1749
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $2.31M | ﹤0.01% |
56,600
-3,421
| -6% | -$150K |
|
1750
Safety Insurance
SAFT
$1.52B
| $2.31M | ﹤0.01% |
33,439
+1,000
| +3% | +$74.2K |
|
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.