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 | |
|---|---|---|---|---|---|---|
|
PRA
1876
DELISTED
ProAssurance
PRA
| $1.74M | ﹤0.01% |
120,039
+505
| +0.4% | +$8.66K |
|
1877
Sonic Automotive
SAH
$2.56B
| $1.74M | ﹤0.01% |
54,408
-1,683
| -3% | -$38.8K |
|
|
NXRT
1878
NexPoint Residential Trust
NXRT
$631M
| $1.73M | ﹤0.01% |
48,927
+3,879
| +9% | +$120K |
|
1879
McCormick & Company Voting
MKC.V
$14.2B
| $1.72M | ﹤0.01% |
19,382
| – | – |
|
|
GWB
1880
DELISTED
Great Western Bancorp, Inc.
GWB
| $1.72M | ﹤0.01% |
125,101
-5,608
| -4% | -$89K |
|
|
AIMT
1881
DELISTED
Aimmune Therapeutics
AIMT
| $1.72M | ﹤0.01% |
102,963
+2,960
| +3% | +$50.3K |
|
|
HSKA
1882
DELISTED
Heska Corp
HSKA
| $1.72M | ﹤0.01% |
18,475
+2,914
| +19% | +$225K |
|
1883
Columbus McKinnon
CMCO
$550M
| $1.72M | ﹤0.01% |
51,411
-99
| -0.2% | -$2.73K |
|
1884
Angi Inc
ANGI
$196M
| $1.72M | ﹤0.01% |
14,120
-70
| -0.5% | -$6.38K |
|
|
ONEM
1885
DELISTED
1Life Healthcare
ONEM
| $1.72M | ﹤0.01% |
+47,230
| New | +$1.33M |
|
1886
Simulations Plus
SLP
$371M
| $1.71M | ﹤0.01% |
28,596
+2,088
| +8% | +$91.9K |
|
1887
Ternium
TX
$10.8B
| $1.71M | ﹤0.01% |
112,649
+1,179
| +1% | +$17K |
|
1888
Lennar Class B
LEN.B
$20.1B
| $1.71M | ﹤0.01% |
38,938
+8,389
| +27% | +$317K |
|
|
CWEN.A
1889
DELISTED
Clearway Energy Class A
CWEN.A
| $1.7M | ﹤0.01% |
81,148
+1,824
| +2% | +$35.6K |
|
1890
Atara Biotherapeutics
ATRA
$83.1M
| $1.69M | ﹤0.01% |
4,648
+67
| +1% | +$16.9K |
|
|
RAVN
1891
DELISTED
Raven Industries Inc
RAVN
| $1.69M | ﹤0.01% |
78,725
-1,000
| -1% | -$21.1K |
|
1892
German American Bancorp
GABC
$1.92B
| $1.69M | ﹤0.01% |
54,383
-700
| -1% | -$20.2K |
|
|
DMC
1893
Del Monte Corp
DMC
$1.42B
| $1.69M | ﹤0.01% |
68,644
-379
| -0.5% | -$9.93K |
|
1894
Icahn Enterprises
IEP
$5.33B
| $1.69M | ﹤0.01% |
34,800
+7,400
| +27% | +$364K |
|
1895
BancFirst
BANF
$3.89B
| $1.68M | ﹤0.01% |
41,447
| – | – |
|
1896
Magnolia Oil & Gas
MGY
$6.25B
| $1.68M | ﹤0.01% |
277,243
+52,532
| +23% | +$287K |
|
1897
Stewart Information Services
STC
$2B
| $1.68M | ﹤0.01% |
51,539
-1,129
| -2% | -$34K |
|
|
GTHX
1898
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $1.67M | ﹤0.01% |
69,000
-6,262
| -8% | -$104K |
|
|
CCF
1899
DELISTED
Chase Corporation
CCF
| $1.67M | ﹤0.01% |
16,257
+6
| +0% | +$561 |
|
1900
United Parks & Resorts
PRKS
$2.01B
| $1.66M | ﹤0.01% |
112,374
+7,434
| +7% | +$110K |
|
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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.