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 | |
|---|---|---|---|---|---|---|
|
SCS
1801
DELISTED
Steelcase
SCS
| $2.12M | ﹤0.01% |
209,371
+7,585
| +4% | +$81.6K |
|
1802
Seacoast Banking Corp of Florida
SBCF
$3.49B
| $2.12M | ﹤0.01% |
117,356
+3,000
| +3% | +$58.2K |
|
|
CVA
1803
DELISTED
Covanta Holding Corporation
CVA
| $2.12M | ﹤0.01% |
272,952
+9,125
| +3% | +$83.7K |
|
|
VCRA
1804
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $2.11M | ﹤0.01% |
72,693
+2,400
| +3% | +$64.9K |
|
|
TBIO
1805
DELISTED
Translate Bio, Inc. Common Stock
TBIO
| $2.1M | ﹤0.01% |
154,261
+50,175
| +48% | +$774K |
|
|
ZGNX
1806
DELISTED
Zogenix, Inc.
ZGNX
| $2.08M | ﹤0.01% |
115,900
+3,400
| +3% | +$83.3K |
|
1807
Warrior Met Coal
HCC
$5.17B
| $2.07M | ﹤0.01% |
121,394
+4,139
| +4% | +$67.2K |
|
|
NOAH
1808
Noah Holdings
NOAH
$586M
| $2.07M | ﹤0.01% |
79,453
+3,165
| +4% | +$93.2K |
|
1809
NETGEAR
NTGR
$647M
| $2.07M | ﹤0.01% |
67,177
+2,925
| +5% | +$88.8K |
|
1810
Cactus
WHD
$5.89B
| $2.07M | ﹤0.01% |
107,865
+2,800
| +3% | +$60.7K |
|
|
ADVM
1811
DELISTED
Adverum Biotechnologies
ADVM
| $2.07M | ﹤0.01% |
20,081
+3,510
| +21% | +$526K |
|
|
SAFE
1812
Safehold
SAFE
$1.09B
| $2.07M | ﹤0.01% |
35,982
+291
| +0.8% | +$17.2K |
|
1813
Primoris Services
PRIM
$4.41B
| $2.06M | ﹤0.01% |
114,342
+7,083
| +7% | +$125K |
|
1814
City Holding Co
CHCO
$2.08B
| $2.06M | ﹤0.01% |
35,782
+900
| +3% | +$56.3K |
|
1815
Heartland Express
HTLD
$998M
| $2.05M | ﹤0.01% |
110,198
+9,879
| +10% | +$201K |
|
1816
Abercrombie & Fitch
ANF
$4.83B
| $2.05M | ﹤0.01% |
147,105
+10,981
| +8% | +$128K |
|
1817
Sinclair Inc
SBGI
$1.05B
| $2.05M | ﹤0.01% |
106,378
-12,670
| -11% | -$256K |
|
1818
Travere Therapeutics
TVTX
$5.79B
| $2.04M | ﹤0.01% |
110,759
+19,210
| +21% | +$373K |
|
1819
Acadia Realty Trust
AKR
$2.87B
| $2.04M | ﹤0.01% |
194,419
+6,540
| +3% | +$78.2K |
|
1820
Upland Software
UPLD
$17.1M
| $2.04M | ﹤0.01% |
5,410
+790
| +17% | +$285K |
|
1821
Provident Financial Services
PFS
$3.23B
| $2.03M | ﹤0.01% |
166,630
+28,363
| +21% | +$382K |
|
|
UCTT
1822
Ultra Clean Holdings
UCTT
$3.9B
| $2.03M | ﹤0.01% |
94,700
+3,324
| +4% | +$80.7K |
|
1823
Vaxcyte
PCVX
$8.6B
| $2.03M | ﹤0.01% |
+41,086
| New | +$1.64M |
|
1824
Eagle Bancorp
EGBN
$879M
| $2.03M | ﹤0.01% |
75,704
+2,717
| +4% | +$80.1K |
|
|
WW
1825
DELISTED
WW International
WW
| $2.03M | ﹤0.01% |
107,412
+3,000
| +3% | +$70.6K |
|
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.