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 | |
|---|---|---|---|---|---|---|
2451
Viking Therapeutics
VKTX
$3.84B
| $792K | ﹤0.01% |
136,100
+3,400
| +3% | +$23.4K |
|
2452
Designer Brands
DBI
$311M
| $790K | ﹤0.01% |
145,481
+4,811
| +3% | +$31.1K |
|
2453
MediWound
MDWD
$174M
| $788K | ﹤0.01% |
29,943
| – | – |
|
2454
Kopin
KOPN
$898M
| $785K | ﹤0.01% |
569,072
| – | – |
|
|
SPNE
2455
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
| $785K | ﹤0.01% |
54,900
+1,900
| +4% | +$23K |
|
|
BDSI
2456
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $785K | ﹤0.01% |
210,501
+6,900
| +3% | +$29.4K |
|
2457
Manchester United
MANU
$3.94B
| $784K | ﹤0.01% |
53,923
+1,200
| +2% | +$18.3K |
|
|
SNR
2458
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $781K | ﹤0.01% |
195,333
+8,313
| +4% | +$32.7K |
|
|
DRRX
2459
DELISTED
DURECT Corp
DRRX
| $780K | ﹤0.01% |
45,633
+846
| +2% | +$17K |
|
2460
AvePoint
AVPT
$2.91B
| $779K | ﹤0.01% |
73,500
+10,000
| +16% | +$104K |
|
2461
Altimmune
ALT
$560M
| $776K | ﹤0.01% |
+58,824
| New | +$1.18M |
|
2462
UroGen Pharma
URGN
$2.34B
| $775K | ﹤0.01% |
40,200
+1,000
| +3% | +$22.6K |
|
|
RPTX
2463
DELISTED
Repare Therapeutics
RPTX
| $774K | ﹤0.01% |
+25,163
| New | +$666K |
|
2464
TherapeuticsMD
TXMD
$24.1M
| $774K | ﹤0.01% |
9,802
-624
| -6% | -$49.7K |
|
2465
Arrow Financial
AROW
$723M
| $771K | ﹤0.01% |
33,581
+1,663
| +5% | +$41.3K |
|
2466
McEwen Inc
MUX
$1.14B
| $770K | ﹤0.01% |
72,664
+1,750
| +2% | +$21.2K |
|
2467
TriplePoint Venture Growth BDC
TPVG
$221M
| $770K | ﹤0.01% |
69,733
+1,800
| +3% | +$20.1K |
|
2468
International Money Express
IMXI
$353M
| $769K | ﹤0.01% |
53,522
+24,227
| +83% | +$370K |
|
2469
Miller Industries
MLR
$643M
| $769K | ﹤0.01% |
25,145
+600
| +2% | +$18.1K |
|
|
GBIO
2470
DELISTED
Generation Bio
GBIO
| $768K | ﹤0.01% |
+2,486
| New | +$594K |
|
2471
ProPetro Holding
PUMP
$1.42B
| $768K | ﹤0.01% |
189,142
+6,442
| +4% | +$35K |
|
2472
Comtech Telecommunications
CMTL
$52.1M
| $766K | ﹤0.01% |
54,744
+1,200
| +2% | +$19.2K |
|
|
FLIC
2473
DELISTED
First of Long Island Corp
FLIC
| $766K | ﹤0.01% |
51,726
+1,200
| +2% | +$18.2K |
|
|
CATC
2474
DELISTED
CAMBRIDGE BANCORP
CATC
| $766K | ﹤0.01% |
14,415
+300
| +2% | +$16.2K |
|
|
ATHX
2475
DELISTED
Athersys, Inc. Common Stock
ATHX
| $766K | ﹤0.01% |
15,715
+364
| +2% | +$22K |
|
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.