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 | |
|---|---|---|---|---|---|---|
2301
United Fire Group
UFCS
$1.38B
| $970K | ﹤0.01% |
47,732
+1,400
| +3% | +$35K |
|
|
AEGN
2302
DELISTED
Aegion Corp
AEGN
| $970K | ﹤0.01% |
68,615
+1,600
| +2% | +$25.2K |
|
|
AKRO
2303
DELISTED
Akero Therapeutics
AKRO
| $969K | ﹤0.01% |
31,477
+6,760
| +27% | +$236K |
|
|
HONE
2304
DELISTED
HarborOne Bancorp
HONE
| $968K | ﹤0.01% |
119,896
+2,800
| +2% | +$23.9K |
|
2305
American Public Education
APEI
$822M
| $961K | ﹤0.01% |
34,100
+2,155
| +7% | +$65.5K |
|
2306
Johnson Outdoors
JOUT
$510M
| $961K | ﹤0.01% |
11,730
+200
| +2% | +$17.3K |
|
2307
Nkarta
NKTX
$164M
| $960K | ﹤0.01% |
+31,943
| New | +$941K |
|
2308
Univest Financial
UVSP
$1.19B
| $960K | ﹤0.01% |
66,821
+2,258
| +3% | +$35.1K |
|
2309
Donnelley Financial Solutions
DFIN
$1.21B
| $958K | ﹤0.01% |
71,691
+3,126
| +5% | +$32.4K |
|
|
LAZR
2310
DELISTED
Luminar Technologies
LAZR
| $958K | ﹤0.01% |
5,593
+146
| +3% | +$24.6K |
|
2311
Crinetics Pharmaceuticals
CRNX
$8.98B
| $957K | ﹤0.01% |
61,048
+6,248
| +11% | +$95.5K |
|
2312
QCR Holdings
QCRH
$1.75B
| $957K | ﹤0.01% |
34,919
+1,129
| +3% | +$33.3K |
|
|
SP
2313
DELISTED
SP Plus Corporation
SP
| $956K | ﹤0.01% |
53,265
+2,449
| +5% | +$45K |
|
2314
Kiniksa Pharmaceuticals
KNSA
$5.99B
| $954K | ﹤0.01% |
62,241
+20,147
| +48% | +$378K |
|
2315
Star Group
SGU
$417M
| $953K | ﹤0.01% |
97,699
+3,147
| +3% | +$29.3K |
|
|
PRSU
2316
Pursuit Attractions and Hospitality Inc
PRSU
$1.32B
| $953K | ﹤0.01% |
45,739
+1,100
| +2% | +$20.6K |
|
2317
First Financial Corp
THFF
$979M
| $952K | ﹤0.01% |
30,321
+700
| +2% | +$23.6K |
|
|
LGTY
2318
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $951K | ﹤0.01% |
67,736
-517
| -0.8% | -$8.07K |
|
|
GNOG
2319
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $950K | ﹤0.01% |
66,100
+1,500
| +2% | +$21.6K |
|
2320
Children's Place
PLCE
$53.4M
| $948K | ﹤0.01% |
33,432
+1,214
| +4% | +$33.3K |
|
|
GRVY
2321
GRAVITY
GRVY
$494M
| $947K | ﹤0.01% |
6,605
+89
| +1% | +$7.66K |
|
|
NWHM
2322
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $947K | ﹤0.01% |
174,166
| – | – |
|
|
BRSP
2323
BrightSpire Capital
BRSP
$638M
| $946K | ﹤0.01% |
192,580
+6,000
| +3% | +$36.1K |
|
|
FLXN
2324
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $946K | ﹤0.01% |
90,900
+15,358
| +20% | +$188K |
|
2325
National Presto Industries
NPK
$999M
| $945K | ﹤0.01% |
11,547
+300
| +3% | +$26.2K |
|
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.