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 |
Verizon
VZ
|
+$165M |
| 2 |
Oracle
ORCL
|
+$139M |
| 3 |
CME Group
CME
|
+$99.7M |
| 4 |
Gilead Sciences
GILD
|
+$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$192M |
| 5 |
Humana
HUM
|
+$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2701
Harvard Bioscience
HBIO
$19.7M
| $272K | ﹤0.01% |
123,240
-15,962
| -11% | -$35.2K |
|
2702
Capital Southwest
CSWC
$1.27B
| $271K | ﹤0.01% |
23,700
+4,300
| +22% | +$49.2K |
|
2703
ACM Research
ACMR
$1.92B
| $270K | ﹤0.01% |
+27,402
| New | +$270K |
|
2704
Cibus
CBUS
$71.5M
| $270K | ﹤0.01% |
1,620
-234
| -13% | -$39K |
|
|
CMCM
2705
Cheetah Mobile
CMCM
$252M
| $270K | ﹤0.01% |
25,880
| – | – |
|
2706
Oil States International
OIS
$341M
| $270K | ﹤0.01% |
133,193
-146,140
| -52% | -$296K |
|
2707
Security National Financial
SNFCA
$237M
| $270K | ﹤0.01% |
82,814
-1,275
| -2% | -$4.16K |
|
|
GFED
2708
DELISTED
Guaranty Federal Bancshares In
GFED
| $270K | ﹤0.01% |
18,316
-412
| -2% | -$6.07K |
|
2709
Westwood Holdings Group
WHG
$160M
| $269K | ﹤0.01% |
14,706
| – | – |
|
|
PCSB
2710
DELISTED
PCSB Financial Corporation
PCSB
| $269K | ﹤0.01% |
19,258
+1,400
| +8% | +$19.6K |
|
|
FNHC
2711
DELISTED
FedNat Holding Company Common Stock
FNHC
| $269K | ﹤0.01% |
23,400
-17,600
| -43% | -$202K |
|
|
ARA
2712
DELISTED
American Renal Associates Holdings, Inc
ARA
| $269K | ﹤0.01% |
40,661
-34,405
| -46% | -$228K |
|
|
EGLE
2713
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $268K | ﹤0.01% |
20,717
-9,586
| -32% | -$124K |
|
2714
Fuel Tech
FTEK
$113M
| $267K | ﹤0.01% |
666,139
-2,281
| -0.3% | -$914 |
|
|
KIN
2715
DELISTED
Kindred Biosciences, Inc.
KIN
| $267K | ﹤0.01% |
66,867
+7,567
| +13% | +$30.2K |
|
2716
Clearfield
CLFD
$453M
| $266K | ﹤0.01% |
22,431
-27,069
| -55% | -$321K |
|
2717
RPC Inc
RES
$986M
| $266K | ﹤0.01% |
129,173
-28,400
| -18% | -$58.5K |
|
|
ESSA
2718
DELISTED
ESSA Bancorp
ESSA
| $265K | ﹤0.01% |
19,438
-6,044
| -24% | -$82.4K |
|
2719
XP
XP
$9.94B
| $265K | ﹤0.01% |
+13,763
| New | +$265K |
|
2720
WideOpenWest
WOW
$442M
| $263K | ﹤0.01% |
55,337
-50,799
| -48% | -$241K |
|
|
NM
2721
DELISTED
Navios Maritime Holdings Inc.
NM
| $263K | ﹤0.01% |
113,712
-2,106
| -2% | -$4.87K |
|
2722
Regional Management Corp
RM
$418M
| $262K | ﹤0.01% |
19,163
-26,798
| -58% | -$366K |
|
2723
Farmers & Merchants Bancorp
FMAO
$357M
| $260K | ﹤0.01% |
10,052
| – | – |
|
2724
Gold Resource Corp
GORO
$112M
| $260K | ﹤0.01% |
94,473
| – | – |
|
|
PNNT
2725
Pennant Park Investment Corp
PNNT
$464M
| $260K | ﹤0.01% |
100,300
+13,600
| +16% | +$35.3K |
|