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 | |
|---|---|---|---|---|---|---|
1776
ePlus
PLUS
$2.33B
| $2.21M | ﹤0.01% |
60,344
+1,600
| +3% | +$59.4K |
|
1777
Greif
GEF
$5B
| $2.21M | ﹤0.01% |
60,888
+2,317
| +4% | +$85.4K |
|
|
ADAM
1778
Adamas Trust
ADAM
$911M
| $2.2M | ﹤0.01% |
215,382
+5,850
| +3% | +$60.9K |
|
1779
Ternium
TX
$10.6B
| $2.19M | ﹤0.01% |
116,460
+3,811
| +3% | +$64K |
|
1780
ADT
ADT
$5.47B
| $2.19M | ﹤0.01% |
267,832
+5,170
| +2% | +$50.3K |
|
|
CLR
1781
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $2.19M | ﹤0.01% |
178,067
+6,639
| +4% | +$108K |
|
1782
Marten Transport
MRTN
$1.25B
| $2.19M | ﹤0.01% |
133,884
+3,150
| +2% | +$55.7K |
|
1783
Sprout Social
SPT
$597M
| $2.18M | ﹤0.01% |
56,600
+38,824
| +218% | +$1.23M |
|
1784
Herc Holdings
HRI
$5.75B
| $2.18M | ﹤0.01% |
54,957
+1,300
| +2% | +$48.9K |
|
1785
Madrigal Pharmaceuticals
MDGL
$11.6B
| $2.17M | ﹤0.01% |
18,300
+600
| +3% | +$65.1K |
|
1786
Pitney Bowes
PBI
$2.26B
| $2.17M | ﹤0.01% |
409,077
+14,067
| +4% | +$64.9K |
|
|
SWI
1787
DELISTED
SolarWinds Corporation Common Stock
SWI
| $2.17M | ﹤0.01% |
101,249
+2,939
| +3% | +$59.9K |
|
|
SPWR
1788
DELISTED
SunPower Corporation Common Stock
SPWR
| $2.17M | ﹤0.01% |
173,338
-85,088
| -33% | -$717K |
|
1789
Calix
CALX
$2.49B
| $2.17M | ﹤0.01% |
121,860
+11,719
| +11% | +$221K |
|
1790
Empire State Realty Trust
ESRT
$829M
| $2.17M | ﹤0.01% |
354,005
+15,221
| +4% | +$98.8K |
|
1791
Matador Resources
MTDR
$6.52B
| $2.16M | ﹤0.01% |
261,747
+10,228
| +4% | +$91.6K |
|
1792
The Greenbrier Companies
GBX
$1.42B
| $2.16M | ﹤0.01% |
73,482
+2,200
| +3% | +$59.3K |
|
|
ZUO
1793
DELISTED
Zuora, Inc.
ZUO
| $2.16M | ﹤0.01% |
208,600
+10,900
| +6% | +$126K |
|
1794
Constellium
CSTM
$4B
| $2.15M | ﹤0.01% |
274,479
-1,488
| -0.5% | -$12.3K |
|
1795
Evolent Health
EVH
$522M
| $2.15M | ﹤0.01% |
173,508
+20,708
| +14% | +$243K |
|
1796
Hope Bancorp
HOPE
$1.85B
| $2.15M | ﹤0.01% |
282,908
+7,384
| +3% | +$61.7K |
|
1797
Standard Motor Products
SMP
$864M
| $2.14M | ﹤0.01% |
48,000
+909
| +2% | +$40.1K |
|
|
WIRE
1798
DELISTED
Encore Wire Corp
WIRE
| $2.14M | ﹤0.01% |
46,148
+706
| +2% | +$35.3K |
|
|
ECOL
1799
DELISTED
US Ecology, Inc.
ECOL
| $2.14M | ﹤0.01% |
65,500
-3,374
| -5% | -$118K |
|
1800
Myriad Genetics
MYGN
$297M
| $2.12M | ﹤0.01% |
162,346
+4,800
| +3% | +$60.7K |
|
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.