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 | |
|---|---|---|---|---|---|---|
2051
Ichor Holdings
ICHR
$2.59B
| $1.3M | ﹤0.01% |
48,824
-500
| -1% | -$11.4K |
|
|
SPWR
2052
DELISTED
SunPower Corporation Common Stock
SPWR
| $1.3M | ﹤0.01% |
258,426
+58,322
| +29% | +$266K |
|
2053
G-III Apparel Group
GIII
$1.41B
| $1.29M | ﹤0.01% |
97,372
-1,000
| -1% | -$11K |
|
2054
Pennant Group
PNTG
$1.34B
| $1.29M | ﹤0.01% |
57,256
+900
| +2% | +$18.9K |
|
2055
Korro Bio
KRRO
$197M
| $1.29M | ﹤0.01% |
+1,111
| New | +$1M |
|
2056
Cass Information Systems
CASS
$742M
| $1.29M | ﹤0.01% |
32,999
+305
| +0.9% | +$11.5K |
|
2057
Matthews International
MATW
$725M
| $1.29M | ﹤0.01% |
67,429
-1,876
| -3% | -$40K |
|
|
WIFI
2058
DELISTED
Boingo Wireless, Inc.
WIFI
| $1.29M | ﹤0.01% |
96,731
+100
| +0.1% | +$1.31K |
|
|
MCHB
2059
Mechanics Bancorp
MCHB
$3.8B
| $1.29M | ﹤0.01% |
52,265
+867
| +2% | +$20.2K |
|
2060
United Fire Group
UFCS
$1.37B
| $1.28M | ﹤0.01% |
46,332
-1,725
| -4% | -$48.7K |
|
2061
BioXcel Therapeutics
BTAI
$34.9M
| $1.28M | ﹤0.01% |
1,511
-4,960
| -77% | -$3.23M |
|
2062
Wabash National
WNC
$507M
| $1.28M | ﹤0.01% |
120,530
+672
| +0.6% | +$5.92K |
|
|
RPT
2063
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.28M | ﹤0.01% |
183,926
+8,173
| +5% | +$52.1K |
|
2064
PDF Solutions
PDFS
$2.19B
| $1.28M | ﹤0.01% |
65,306
-20,427
| -24% | -$332K |
|
|
BPFH
2065
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $1.28M | ﹤0.01% |
185,604
-3,300
| -2% | -$23.1K |
|
2066
Kforce
KFRC
$1.03B
| $1.28M | ﹤0.01% |
43,626
-2,143
| -5% | -$62.3K |
|
2067
RE/MAX Holdings
RMAX
$263M
| $1.27M | ﹤0.01% |
40,552
+23
| +0.1% | +$610 |
|
|
LBAI
2068
DELISTED
Lakeland Bancorp Inc
LBAI
| $1.27M | ﹤0.01% |
111,041
+234
| +0.2% | +$2.52K |
|
2069
V2X
VVX
$2.55B
| $1.27M | ﹤0.01% |
25,801
+200
| +0.8% | +$9.68K |
|
|
SRDX
2070
DELISTED
Surmodics
SRDX
| $1.26M | ﹤0.01% |
29,222
+100
| +0.3% | +$3.79K |
|
|
BPYU
2071
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $1.26M | ﹤0.01% |
126,804
-20,370
| -14% | -$205K |
|
2072
HealthStream
HSTM
$829M
| $1.26M | ﹤0.01% |
57,018
-900
| -2% | -$20.8K |
|
2073
Levi Strauss
LEVI
$8.64B
| $1.26M | ﹤0.01% |
94,127
-600
| -0.6% | -$7.87K |
|
2074
Vericel Corp
VCEL
$2.29B
| $1.26M | ﹤0.01% |
91,000
-200
| -0.2% | -$2.71K |
|
2075
Varex Imaging
VREX
$778M
| $1.26M | ﹤0.01% |
82,966
-800
| -1% | -$16.1K |
|
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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.