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 |
EA
Electronic Arts
EA
|
+$217M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$217M |
| 3 |
Amazon
AMZN
|
+$205M |
| 4 |
T-Mobile US
TMUS
|
+$202M |
| 5 |
Microsoft
MSFT
|
+$192M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Realty Income
O
|
+$111M |
| 2 |
Healthpeak Properties
DOC
|
+$87.1M |
| 3 |
Hartford Financial Services
HIG
|
+$68.7M |
| 4 |
Annaly Capital Management
NLY
|
+$63.7M |
| 5 |
W.P. Carey
WPC
|
+$54.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.03% |
| 2 | Healthcare | 14.41% |
| 3 | Financials | 12.11% |
| 4 | Consumer Discretionary | 12.02% |
| 5 | Communication Services | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TVRD
2226
Tvardi Therapeutics
TVRD
$23.6M
| $1.09M | ﹤0.01% |
2,372
+58
| +3% | +$33.7K |
|
2227
Gaia
GAIA
$37.6M
| $1.09M | ﹤0.01% |
110,482
| – | – |
|
2228
Construction Partners
ROAD
$6.91B
| $1.08M | ﹤0.01% |
59,605
+18,132
| +44% | +$325K |
|
2229
Myers Industries
MYE
$1.23B
| $1.08M | ﹤0.01% |
81,967
+2,700
| +3% | +$40.3K |
|
2230
DMC Global
BOOM
$154M
| $1.08M | ﹤0.01% |
32,870
+800
| +2% | +$25.3K |
|
|
TPC
2231
Tutor Perini Cor
TPC
$5.12B
| $1.08M | ﹤0.01% |
97,232
+4,347
| +5% | +$53.4K |
|
2232
Ichor Holdings
ICHR
$2.65B
| $1.08M | ﹤0.01% |
50,124
+1,300
| +3% | +$34.5K |
|
2233
Groupon
GRPN
$878M
| $1.08M | ﹤0.01% |
52,828
-7,091
| -12% | -$165K |
|
2234
Extreme Networks
EXTR
$3.19B
| $1.08M | ﹤0.01% |
267,954
+10,300
| +4% | +$44.8K |
|
2235
NGL Energy Partners
NGL
$2.24B
| $1.07M | ﹤0.01% |
270,857
+6,400
| +2% | +$26.3K |
|
|
CAI
2236
DELISTED
CAI International, Inc.
CAI
| $1.07M | ﹤0.01% |
38,991
+1,555
| +4% | +$32.2K |
|
2237
MP Materials
MP
$10.7B
| $1.07M | ﹤0.01% |
+78,818
| New | +$996K |
|
|
KREF
2238
KKR Real Estate Finance Trust
KREF
$494M
| $1.07M | ﹤0.01% |
64,686
+1,500
| +2% | +$25.8K |
|
2239
Valhi
VHI
$454M
| $1.07M | ﹤0.01% |
81,206
| – | – |
|
|
BBT
2240
Beacon Financial Corp
BBT
$2.68B
| $1.07M | ﹤0.01% |
105,526
+1,335
| +1% | +$13.1K |
|
2241
FuelCell Energy
FCEL
$1.79B
| $1.07M | ﹤0.01% |
16,611
+433
| +3% | +$34.5K |
|
|
RC
2242
Ready Capital
RC
$301M
| $1.07M | ﹤0.01% |
95,213
+13,874
| +17% | +$132K |
|
|
RPT
2243
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.07M | ﹤0.01% |
195,973
+12,047
| +7% | +$74K |
|
2244
MGP Ingredients
MGPI
$377M
| $1.06M | ﹤0.01% |
26,800
+700
| +3% | +$26.1K |
|
2245
Amneal Pharmaceuticals
AMRX
$6.16B
| $1.06M | ﹤0.01% |
274,007
+18,409
| +7% | +$78.7K |
|
|
KLRS
2246
Kalaris Therapeutics
KLRS
$98.1M
| $1.06M | ﹤0.01% |
+1,678
| New | +$1.15M |
|
2247
Origin Bancorp
OBK
$1.68B
| $1.06M | ﹤0.01% |
49,558
+653
| +1% | +$14.6K |
|
|
BFX
2248
DELISTED
BowFlex Inc.
BFX
| $1.06M | ﹤0.01% |
61,700
+1,700
| +3% | +$21.8K |
|
|
SOGO
2249
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $1.06M | ﹤0.01% |
119,164
+4,330
| +4% | +$33K |
|
|
BPFH
2250
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $1.06M | ﹤0.01% |
191,604
+6,000
| +3% | +$35.7K |
|
Similar funds
California Public Employees Retirement System's Q3 2020 Portfolio in Review
As of Q3 2020, California Public Employees Retirement System held 3,611 positions worth $112B, up 11% from $101B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 4.3%. California Public Employees Retirement System opened 104 new positions and exited 52, leaving the 3,611-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q3 2020 buy was KE Holdings: 253,194 shares worth $15.5M.
- California Public Employees Retirement System added most to Electronic Arts in Q3 2020, an estimated $217M increase.
- California Public Employees Retirement System's biggest Q3 2020 reduction was Realty Income, cutting an estimated $111M.
- California Public Employees Retirement System fully exited Seagen Inc. Common Stock in Q3 2020, selling an estimated $46.2M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $112B portfolio in Q3 2020.
- California Public Employees Retirement System opened 104 new positions and closed 52 in Q3 2020.
- California Public Employees Retirement System's portfolio value rose 11% quarter-over-quarter to $112B.
Based on California Public Employees Retirement System's 13F filing for Q3 2020, filed 5 Nov 2020.