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 | |
|---|---|---|---|---|---|---|
|
CIVI
2401
DELISTED
Civitas Resources
CIVI
| $840K | ﹤0.01% |
44,689
+1,744
| +4% | +$32.7K |
|
|
ENBL
2402
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $840K | ﹤0.01% |
203,005
+4,100
| +2% | +$20.1K |
|
2403
ARKO Corp
ARKO
$513M
| $839K | ﹤0.01% |
83,900
+11,700
| +16% | +$119K |
|
|
SCPL
2404
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $839K | ﹤0.01% |
51,707
+1,200
| +2% | +$17.5K |
|
|
PDLI
2405
DELISTED
PDL BioPharma, Inc.
PDLI
| $837K | ﹤0.01% |
265,661
+14,690
| +6% | +$46.9K |
|
2406
Bank First Corp
BFC
$1.76B
| $836K | ﹤0.01% |
14,238
+300
| +2% | +$18.7K |
|
2407
Carriage Services
CSV
$556M
| $836K | ﹤0.01% |
37,488
+1,100
| +3% | +$23.1K |
|
2408
REX American Resources
REX
$1.46B
| $836K | ﹤0.01% |
76,410
+1,800
| +2% | +$20.5K |
|
|
CNR
2409
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $836K | ﹤0.01% |
104,765
+7,578
| +8% | +$53.7K |
|
|
TEN
2410
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $835K | ﹤0.01% |
120,359
+4,038
| +3% | +$32.1K |
|
|
MTSC
2411
DELISTED
MTS Systems Corp
MTSC
| $833K | ﹤0.01% |
43,596
+635
| +1% | +$13.3K |
|
|
GB
2412
DELISTED
Global Blue Group Holding
GB
| $831K | ﹤0.01% |
119,558
-9,542
| -7% | -$88.9K |
|
2413
Hyster-Yale Materials Handling
HY
$617M
| $831K | ﹤0.01% |
22,370
+500
| +2% | +$19.7K |
|
|
THR
2414
DELISTED
Thermon Group Holdings
THR
| $831K | ﹤0.01% |
74,014
+1,700
| +2% | +$22.5K |
|
2415
Vital Farms
VITL
$488M
| $831K | ﹤0.01% |
+20,508
| New | +$775K |
|
2416
Westlake Chemical Partners
WLKP
$767M
| $831K | ﹤0.01% |
44,331
+1,000
| +2% | +$19.8K |
|
2417
Oceaneering
OII
$5.18B
| $830K | ﹤0.01% |
235,908
+16,662
| +8% | +$87.9K |
|
|
TIGR
2418
UP Fintech Holding
TIGR
$827M
| $828K | ﹤0.01% |
174,674
+5,900
| +3% | +$32K |
|
2419
BioLife Solutions
BLFS
$1.71B
| $825K | ﹤0.01% |
+28,500
| New | +$616K |
|
2420
Clear Channel Outdoor Holdings
CCO
$1.19B
| $823K | ﹤0.01% |
823,232
+18,500
| +2% | +$19.9K |
|
2421
Establishment Labs
ESTA
$2.31B
| $823K | ﹤0.01% |
44,400
+1,200
| +3% | +$21.4K |
|
2422
First Mid Bancshares
FMBH
$1.39B
| $823K | ﹤0.01% |
32,989
+800
| +2% | +$20.2K |
|
2423
Alto Ingredients
ALTO
$324M
| $822K | ﹤0.01% |
112,394
+20,000
| +22% | +$69.3K |
|
2424
Insteel Industries
IIIN
$631M
| $820K | ﹤0.01% |
43,827
+1,575
| +4% | +$29.6K |
|
|
VRAY
2425
DELISTED
ViewRay, Inc.
VRAY
| $820K | ﹤0.01% |
234,200
+8,700
| +4% | +$24.2K |
|
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.