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
| 1 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2576
Oportun Financial
OPRT
$283M
| $596K | ﹤0.01% |
+44,313
| New | +$596K |
|
2577
Franklin Covey
FC
$234M
| $595K | ﹤0.01% |
27,812
+13,340
| +92% | +$285K |
|
2578
Ribbon Communications
RBBN
$699M
| $595K | ﹤0.01% |
151,509
+38,285
| +34% | +$150K |
|
|
CAMP
2579
DELISTED
CalAmp Corp.
CAMP
| $592K | ﹤0.01% |
3,211
-2,022
| -39% | -$373K |
|
2580
Gold Resource Corp
GORO
$114M
| $591K | ﹤0.01% |
143,773
+49,300
| +52% | +$203K |
|
|
AMNB
2581
DELISTED
American National Bankshares Inc
AMNB
| $590K | ﹤0.01% |
23,579
+1,500
| +7% | +$37.5K |
|
2582
Peoples Financial Services
PFIS
$524M
| $589K | ﹤0.01% |
15,428
+6,100
| +65% | +$233K |
|
2583
Stoke Therapeutics
STOK
$1.31B
| $589K | ﹤0.01% |
24,700
+10,230
| +71% | +$244K |
|
|
CNR
2584
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $589K | ﹤0.01% |
97,187
+24,455
| +34% | +$148K |
|
2585
Microvast
MVST
$916M
| $585K | ﹤0.01% |
57,200
+37,300
| +187% | +$381K |
|
|
HCCI
2586
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $585K | ﹤0.01% |
33,516
+100
| +0.3% | +$1.75K |
|
|
STSA
2587
DELISTED
Satsuma Pharmaceuticals, Inc. Common Stock
STSA
| $585K | ﹤0.01% |
+20,340
| New | +$585K |
|
|
NWHM
2588
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $585K | ﹤0.01% |
174,166
| – | – |
|
2589
Sierra Bancorp
BSRR
$408M
| $584K | ﹤0.01% |
30,917
-538
| -2% | -$10.2K |
|
2590
CNB Financial Corp
CCNE
$762M
| $584K | ﹤0.01% |
32,572
+383
| +1% | +$6.87K |
|
2591
Caesarstone
CSTE
$50.5M
| $584K | ﹤0.01% |
49,301
-1,000
| -2% | -$11.8K |
|
2592
El Pollo Loco
LOCO
$303M
| $584K | ﹤0.01% |
39,584
+20,606
| +109% | +$304K |
|
2593
Energy Recovery
ERII
$776M
| $583K | ﹤0.01% |
76,700
+11,000
| +17% | +$83.6K |
|
2594
Fulcrum Therapeutics
FULC
$378M
| $581K | ﹤0.01% |
+31,744
| New | +$581K |
|
|
AMRS
2595
DELISTED
Amyris Inc.
AMRS
| $581K | ﹤0.01% |
136,010
+94,747
| +230% | +$405K |
|
2596
Community Health Systems
CYH
$409M
| $580K | ﹤0.01% |
192,566
+5,800
| +3% | +$17.5K |
|
2597
Surgery Partners
SGRY
$2.75B
| $580K | ﹤0.01% |
50,157
-4,000
| -7% | -$46.3K |
|
2598
XPEL
XPEL
$990M
| $580K | ﹤0.01% |
+37,106
| New | +$580K |
|
2599
Equity Bancshares
EQBK
$809M
| $578K | ﹤0.01% |
33,130
+12,535
| +61% | +$219K |
|
2600
Keros Therapeutics
KROS
$636M
| $578K | ﹤0.01% |
+15,419
| New | +$578K |
|