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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
MDLA
2651
DELISTED
Medallia, Inc.
MDLA
| $594K | ﹤0.01% |
+19,095
| New | +$594K |
|
|
WTRE
2652
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
| $592K | ﹤0.01% |
+23,529
| New | +$592K |
|
|
BREW
2653
DELISTED
Craft Brew Alliance, Inc.
BREW
| $592K | ﹤0.01% |
35,890
-7,736
| -18% | -$128K |
|
2654
Clean Energy Fuels
CLNE
$535M
| $587K | ﹤0.01% |
250,918
+30,500
| +14% | +$71.4K |
|
2655
Global Industrial
GIC
$1.45B
| $587K | ﹤0.01% |
23,323
+2,700
| +13% | +$68K |
|
2656
Equity Bancshares
EQBK
$801M
| $586K | ﹤0.01% |
+18,995
| New | +$586K |
|
2657
Byline Bancorp
BY
$1.33B
| $583K | ﹤0.01% |
29,804
+18,500
| +164% | +$362K |
|
2658
Mitek Systems
MITK
$468M
| $580K | ﹤0.01% |
75,828
+4,900
| +7% | +$37.5K |
|
2659
SEACOR Marine Holdings
SMHI
$175M
| $578K | ﹤0.01% |
41,908
| – | – |
|
2660
First Business Financial Services
FBIZ
$432M
| $577K | ﹤0.01% |
21,898
-2,100
| -9% | -$55.3K |
|
2661
MediciNova
MNOV
$61.3M
| $576K | ﹤0.01% |
85,412
+27,700
| +48% | +$187K |
|
2662
Reading International Class A
RDI
$34.8M
| $576K | ﹤0.01% |
51,437
-6,300
| -11% | -$70.5K |
|
2663
AXT Inc
AXTI
$166M
| $575K | ﹤0.01% |
132,100
| – | – |
|
2664
Puma Biotechnology
PBYI
$229M
| $575K | ﹤0.01% |
65,700
| – | – |
|
|
RRD
2665
DELISTED
RR Donnelley & Sons Co.
RRD
| $572K | ﹤0.01% |
144,829
+12,552
| +9% | +$49.6K |
|
|
ZAGG
2666
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $572K | ﹤0.01% |
70,500
-10,278
| -13% | -$83.4K |
|
|
LUNA
2667
DELISTED
Luna Innovations Incorporated
LUNA
| $571K | ﹤0.01% |
78,338
-10,800
| -12% | -$78.7K |
|
|
EBTC
2668
DELISTED
Enterprise Bancorp
EBTC
| $570K | ﹤0.01% |
16,840
+2,000
| +13% | +$67.7K |
|
|
FLNT
2669
Fluent
FLNT
$49M
| $570K | ﹤0.01% |
38,020
-1,310
| -3% | -$19.6K |
|
2670
Navigator Holdings
NVGS
$1.11B
| $570K | ﹤0.01% |
42,291
+13,900
| +49% | +$187K |
|
2671
SI-BONE Inc
SIBN
$673M
| $570K | ﹤0.01% |
+26,500
| New | +$570K |
|
2672
Transcat
TRNS
$695M
| $570K | ﹤0.01% |
17,904
-1,600
| -8% | -$50.9K |
|
|
PENG
2673
Penguin Solutions, Inc. Ordinary Shares
PENG
$1.37B
| $570K | ﹤0.01% |
+30,036
| New | +$570K |
|
2674
CVR Partners
UAN
$924M
| $569K | ﹤0.01% |
18,370
-530
| -3% | -$16.4K |
|
2675
Blue Bird Corp
BLBD
$1.84B
| $567K | ﹤0.01% |
24,732
+5,200
| +27% | +$119K |
|