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 |
Merck
MRK
|
+$261M |
| 2 |
Becton Dickinson
BDX
|
+$198M |
| 3 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$186M |
| 4 |
Apple
AAPL
|
+$171M |
| 5 |
Johnson & Johnson
JNJ
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aflac
AFL
|
+$125M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$61.6M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
NextEra Energy
NEE
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.46% |
| 2 | Healthcare | 14.48% |
| 3 | Financials | 12.59% |
| 4 | Consumer Discretionary | 12.05% |
| 5 | Communication Services | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2126
Photronics
PLAB
$1.94B
| $1.65M | ﹤0.01% |
147,541
-1,636
| -1% | -$17.9K |
|
|
PETQ
2127
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $1.65M | ﹤0.01% |
42,800
-4,786
| -10% | -$148K |
|
|
RPT
2128
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.64M | ﹤0.01% |
189,794
-6,179
| -3% | -$41.8K |
|
2129
Establishment Labs
ESTA
$2.37B
| $1.64M | ﹤0.01% |
43,500
-900
| -2% | -$23.7K |
|
2130
SM Energy
SM
$8.04B
| $1.63M | ﹤0.01% |
266,869
-4,800
| -2% | -$16.2K |
|
2131
Mitek Systems
MITK
$876M
| $1.63M | ﹤0.01% |
91,544
+663
| +0.7% | +$9.17K |
|
|
SDC
2132
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $1.63M | ﹤0.01% |
136,254
+9,154
| +7% | +$104K |
|
|
QADA
2133
DELISTED
QAD Inc.
QADA
| $1.63M | ﹤0.01% |
25,727
-331
| -1% | -$17K |
|
2134
Amphastar Pharmaceuticals
AMPH
$886M
| $1.62M | ﹤0.01% |
80,736
-1,600
| -2% | -$31.1K |
|
2135
Federal Agricultural Mortgage
AGM
$2.47B
| $1.62M | ﹤0.01% |
21,849
-248
| -1% | -$17.2K |
|
|
PRSU
2136
Pursuit Attractions and Hospitality Inc
PRSU
$1.32B
| $1.62M | ﹤0.01% |
44,839
-900
| -2% | -$24.5K |
|
|
PTVE
2137
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $1.62M | ﹤0.01% |
+89,120
| New | +$1.38M |
|
|
BCOV
2138
DELISTED
Brightcove, Inc.
BCOV
| $1.62M | ﹤0.01% |
87,805
-1,107
| -1% | -$15.8K |
|
2139
Pulmonx
LUNG
$95.8M
| $1.61M | ﹤0.01% |
+23,291
| New | +$1.14M |
|
2140
PMV Pharmaceuticals
PMVP
$66.1M
| $1.6M | ﹤0.01% |
+26,094
| New | +$1.02M |
|
2141
Fulgent Genetics
FLGT
$509M
| $1.6M | ﹤0.01% |
30,646
+8,273
| +37% | +$346K |
|
|
EBSB
2142
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.6M | ﹤0.01% |
107,010
+133
| +0.1% | +$1.77K |
|
2143
SLR Investment Corp
SLRC
$706M
| $1.59M | ﹤0.01% |
91,024
-1,700
| -2% | -$28.8K |
|
|
MAGN
2144
Magnera Corp
MAGN
$430M
| $1.59M | ﹤0.01% |
+7,485
| New | +$1.5M |
|
|
KDMN
2145
DELISTED
Kadmon Holdings, Inc.
KDMN
| $1.59M | ﹤0.01% |
383,440
-15,788
| -4% | -$62.3K |
|
2146
Shattuck Labs
STTK
$736M
| $1.59M | ﹤0.01% |
+30,295
| New | +$974K |
|
2147
Utz Brands
UTZ
$1.25B
| $1.59M | ﹤0.01% |
71,947
-28,892
| -29% | -$549K |
|
|
LGF.A
2148
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $1.59M | ﹤0.01% |
139,469
-1,439
| -1% | -$12.9K |
|
2149
Horizon Bancorp
HBNC
$1.06B
| $1.58M | ﹤0.01% |
99,841
-1,132
| -1% | -$15.5K |
|
2150
Adtran
ADTN
$669M
| $1.58M | ﹤0.01% |
107,009
-2,000
| -2% | -$25.4K |
|
Similar funds
California Public Employees Retirement System's Q4 2020 Portfolio in Review
As of Q4 2020, California Public Employees Retirement System held 3,678 positions worth $130B, up 15% from $112B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System's Q4 2020 filing shows 119 new, 1,416 increased, 1,670 reduced and 115 closed positions. Its largest new stake was Seagen Inc. Common Stock: 998,612 shares worth $175M. The largest sale was Aflac, an estimated $125M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q4 2020 buy was Seagen Inc. Common Stock: 998,612 shares worth $175M.
- California Public Employees Retirement System added most to Merck in Q4 2020, an estimated $261M increase.
- California Public Employees Retirement System's biggest Q4 2020 reduction was Aflac, cutting an estimated $125M.
- California Public Employees Retirement System fully exited BeOne Medicines Ltd in Q4 2020, selling an estimated $68.8M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $130B portfolio in Q4 2020.
- California Public Employees Retirement System opened 119 new positions and closed 115 in Q4 2020.
- California Public Employees Retirement System's portfolio value rose 15% quarter-over-quarter to $130B.
Based on California Public Employees Retirement System's 13F filing for Q4 2020, filed 2 Feb 2021.