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 | |
|---|---|---|---|---|---|---|
2201
1st Source
SRCE
$2.14B
| $1.48M | ﹤0.01% |
36,704
-1,243
| -3% | -$45.4K |
|
|
FRG
2202
DELISTED
Franchise Group, Inc.
FRG
| $1.48M | ﹤0.01% |
48,498
-900
| -2% | -$23.8K |
|
|
ADAP
2203
DELISTED
Adaptimmune Therapeutics
ADAP
| $1.48M | ﹤0.01% |
273,893
-5,300
| -2% | -$28.8K |
|
|
SPTN
2204
DELISTED
SpartanNash
SPTN
| $1.48M | ﹤0.01% |
84,719
-828
| -1% | -$15.5K |
|
|
HIMX
2205
Himax Technologies
HIMX
$2.61B
| $1.47M | ﹤0.01% |
199,416
-3,800
| -2% | -$19.4K |
|
|
SP
2206
DELISTED
SP Plus Corporation
SP
| $1.47M | ﹤0.01% |
51,016
-2,249
| -4% | -$55.2K |
|
|
EIGI
2207
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $1.47M | ﹤0.01% |
155,618
-1,706
| -1% | -$14.1K |
|
2208
Allegro MicroSystems
ALGM
$8.3B
| $1.47M | ﹤0.01% |
+55,096
| New | +$1.33M |
|
2209
Clearwater Paper
CLW
$351M
| $1.47M | ﹤0.01% |
38,915
-401
| -1% | -$15K |
|
|
NGM
2210
DELISTED
NGM Biopharmaceuticals, Inc. Common Stock
NGM
| $1.47M | ﹤0.01% |
48,500
-5,274
| -10% | -$115K |
|
2211
Skillsoft
SKIL
$79.5M
| $1.47M | ﹤0.01% |
7,080
-150
| -2% | -$30.4K |
|
2212
Modine Manufacturing
MOD
$11B
| $1.47M | ﹤0.01% |
116,659
-1,233
| -1% | -$12K |
|
|
AHRT
2213
AH Realty Trust
AHRT
$510M
| $1.46M | ﹤0.01% |
130,275
-2,500
| -2% | -$25.3K |
|
2214
Broadstone Net Lease
BNL
$4.37B
| $1.46M | ﹤0.01% |
+74,626
| New | +$1.32M |
|
|
AMRS
2215
DELISTED
Amyris Inc.
AMRS
| $1.46M | ﹤0.01% |
236,629
-4,500
| -2% | -$14.4K |
|
2216
Goldman Sachs BDC
GSBD
$1.12B
| $1.46M | ﹤0.01% |
76,300
-1,500
| -2% | -$25.8K |
|
2217
Argan
AGX
$7.91B
| $1.46M | ﹤0.01% |
32,771
-600
| -2% | -$26.9K |
|
2218
Banc of California
BANC
$3.13B
| $1.46M | ﹤0.01% |
99,136
-1,900
| -2% | -$24.8K |
|
2219
BlackRock TCP Capital
TCPC
$344M
| $1.46M | ﹤0.01% |
129,700
-4,900
| -4% | -$53.1K |
|
|
CTLP
2220
DELISTED
Cantaloupe
CTLP
| $1.46M | ﹤0.01% |
+139,000
| New | +$1.36M |
|
|
HEP
2221
DELISTED
Holly Energy Partners, L.P.
HEP
| $1.46M | ﹤0.01% |
102,625
-2,000
| -2% | -$26K |
|
2222
Surgery Partners
SGRY
$1.97B
| $1.46M | ﹤0.01% |
50,193
-1,000
| -2% | -$24.9K |
|
|
KLRS
2223
Kalaris Therapeutics
KLRS
$93.8M
| $1.46M | ﹤0.01% |
1,647
-31
| -2% | -$23.8K |
|
2224
Impinj
PI
$5.45B
| $1.45M | ﹤0.01% |
34,700
-3,781
| -10% | -$132K |
|
2225
Unitil
UTL
$986M
| $1.45M | ﹤0.01% |
32,817
-1,406
| -4% | -$56.1K |
|
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.