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 | |
|---|---|---|---|---|---|---|
|
AMBR
2376
Amber International Holding Ltd
AMBR
$126M
| $872K | ﹤0.01% |
13,068
+800
| +7% | +$58.9K |
|
2377
CVR Energy
CVI
$3.59B
| $870K | ﹤0.01% |
70,314
+2,831
| +4% | +$48K |
|
2378
Ardelyx
ARDX
$1.03B
| $869K | ﹤0.01% |
165,494
+276
| +0.2% | +$1.66K |
|
|
CHUY
2379
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $869K | ﹤0.01% |
44,366
+7,758
| +21% | +$141K |
|
2380
Caleres
CAL
$444M
| $868K | ﹤0.01% |
90,810
+6,546
| +8% | +$52.6K |
|
2381
Bank of Marin Bancorp
BMRC
$462M
| $867K | ﹤0.01% |
29,944
+700
| +2% | +$22K |
|
2382
Xenon Pharmaceuticals
XENE
$6.07B
| $861K | ﹤0.01% |
77,788
-319
| -0.4% | -$3.75K |
|
|
TSC
2383
DELISTED
TriState Capital Holdings, Inc.
TSC
| $860K | ﹤0.01% |
64,958
+2,099
| +3% | +$29.4K |
|
|
DESP
2384
DELISTED
Despegar.com
DESP
| $859K | ﹤0.01% |
135,134
+3,100
| +2% | +$24.7K |
|
|
KBAL
2385
DELISTED
Kimball International
KBAL
| $859K | ﹤0.01% |
81,465
-728
| -0.9% | -$8.11K |
|
2386
Zentalis Pharmaceuticals
ZNTL
$257M
| $857K | ﹤0.01% |
26,203
+3,344
| +15% | +$117K |
|
|
NGM
2387
DELISTED
NGM Biopharmaceuticals, Inc. Common Stock
NGM
| $856K | ﹤0.01% |
53,774
+786
| +1% | +$14.3K |
|
2388
Community Health Systems
CYH
$422M
| $855K | ﹤0.01% |
202,514
+9,948
| +5% | +$43.9K |
|
2389
American Vanguard Corp
AVD
$63.7M
| $854K | ﹤0.01% |
64,966
+1,300
| +2% | +$18.1K |
|
2390
Stoke Therapeutics
STOK
$2.02B
| $854K | ﹤0.01% |
25,500
+800
| +3% | +$22.8K |
|
|
HSII
2391
DELISTED
Heidrick & Struggles
HSII
| $851K | ﹤0.01% |
43,285
-453
| -1% | -$9.52K |
|
|
MORF
2392
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $850K | ﹤0.01% |
31,091
+800
| +3% | +$21K |
|
2393
International Seaways
INSW
$4.76B
| $849K | ﹤0.01% |
58,127
+1,693
| +3% | +$28.3K |
|
2394
Haverty Furniture Companies
HVT
$443M
| $845K | ﹤0.01% |
40,366
+1,756
| +5% | +$31.8K |
|
|
CETV
2395
DELISTED
Central European Media Enterprises Ltd
CETV
| $845K | ﹤0.01% |
201,606
-1,542
| -0.8% | -$6.28K |
|
2396
i3 Verticals
IIIV
$320M
| $844K | ﹤0.01% |
33,438
-138
| -0.4% | -$3.7K |
|
2397
NewtekOne
NEWT
$377M
| $842K | ﹤0.01% |
45,360
+1,600
| +4% | +$29.9K |
|
2398
Interface
TILE
$2.21B
| $842K | ﹤0.01% |
137,661
+4,717
| +4% | +$35.2K |
|
2399
Central Pacific Financial
CPF
$1B
| $841K | ﹤0.01% |
61,966
+327
| +0.5% | +$4.95K |
|
2400
SIGA Technologies
SIGA
$207M
| $841K | ﹤0.01% |
122,415
+13,015
| +12% | +$88.5K |
|
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.