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 | 20.95% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 12.82% |
| 4 | Consumer Discretionary | 10.64% |
| 5 | Consumer Staples | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HNGR
2026
DELISTED
Hanger Inc.
HNGR
| $1.35M | ﹤0.01% |
81,595
+1,100
| +1% | +$18.6K |
|
2027
Federal Agricultural Mortgage
AGM
$2.58B
| $1.35M | ﹤0.01% |
21,098
+232
| +1% | +$14.4K |
|
|
HEES
2028
DELISTED
H&E Equipment Services
HEES
| $1.35M | ﹤0.01% |
72,996
+751
| +1% | +$12K |
|
2029
Apogee Enterprises
APOG
$897M
| $1.33M | ﹤0.01% |
57,928
-1,649
| -3% | -$33.7K |
|
2030
Codexis
CDXS
$175M
| $1.33M | ﹤0.01% |
117,100
-491
| -0.4% | -$5.55K |
|
2031
SiriusPoint
SPNT
$2.66B
| $1.33M | ﹤0.01% |
177,815
+7,100
| +4% | +$53.6K |
|
2032
Golar LNG
GLNG
$5.2B
| $1.33M | ﹤0.01% |
184,200
-26,546
| -13% | -$184K |
|
|
NXGN
2033
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.33M | ﹤0.01% |
121,349
-200
| -0.2% | -$2.07K |
|
|
ARR
2034
Armour Residential REIT
ARR
$2.37B
| $1.33M | ﹤0.01% |
28,319
+2,107
| +8% | +$88.3K |
|
2035
Orthofix Medical
OFIX
$415M
| $1.33M | ﹤0.01% |
41,433
+1,220
| +3% | +$40.5K |
|
|
DQ
2036
Daqo New Energy
DQ
$988M
| $1.32M | ﹤0.01% |
89,265
-17,165
| -16% | -$188K |
|
|
TRST
2037
Trustco Bank Corp NY
TRST
$963M
| $1.32M | ﹤0.01% |
41,858
-440
| -1% | -$13K |
|
|
PRVB
2038
DELISTED
Provention Bio, Inc. Common Stock
PRVB
| $1.32M | ﹤0.01% |
93,802
+24,728
| +36% | +$312K |
|
|
GB
2039
DELISTED
Global Blue Group Holding
GB
| $1.32M | ﹤0.01% |
129,100
+47,900
| +59% | +$489K |
|
2040
Nordic American Tanker
NAT
$1.36B
| $1.32M | ﹤0.01% |
324,055
+14,802
| +5% | +$70.1K |
|
2041
1st Source
SRCE
$2.13B
| $1.31M | ﹤0.01% |
36,847
+4,893
| +15% | +$162K |
|
|
BRSP
2042
BrightSpire Capital
BRSP
$628M
| $1.31M | ﹤0.01% |
186,580
+6,665
| +4% | +$34.1K |
|
2043
Skillsoft
SKIL
$78.7M
| $1.31M | ﹤0.01% |
+5,790
| New | +$1.21M |
|
2044
Preferred Bank
PFBC
$1.26B
| $1.31M | ﹤0.01% |
30,495
-100
| -0.3% | -$3.68K |
|
|
SHYF
2045
DELISTED
The Shyft Group
SHYF
| $1.3M | ﹤0.01% |
77,496
+300
| +0.4% | +$4.53K |
|
2046
Zumiez
ZUMZ
$318M
| $1.3M | ﹤0.01% |
47,655
+2,384
| +5% | +$54.1K |
|
|
EBIX
2047
DELISTED
Ebix Inc
EBIX
| $1.3M | ﹤0.01% |
58,373
+6,651
| +13% | +$137K |
|
2048
DHT Holdings
DHT
$3.09B
| $1.3M | ﹤0.01% |
254,130
+47,823
| +23% | +$305K |
|
2049
Gossamer Bio
GOSS
$83.3M
| $1.3M | ﹤0.01% |
100,300
+4,877
| +5% | +$61.3K |
|
|
TARO
2050
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $1.3M | ﹤0.01% |
19,574
-5,307
| -21% | -$356K |
|
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.