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 | |
|---|---|---|---|---|---|---|
2801
LCNB Corp
LCNB
$227M
| $434K | ﹤0.01% |
22,500
+1,800
| +9% | +$34.7K |
|
2802
LSI Industries
LYTS
$677M
| $434K | ﹤0.01% |
71,700
-8,800
| -11% | -$53.3K |
|
|
NPTN
2803
DELISTED
NEOPHOTONICS CORP
NPTN
| $434K | ﹤0.01% |
49,191
+30,291
| +160% | +$267K |
|
|
ESSA
2804
DELISTED
ESSA Bancorp
ESSA
| $432K | ﹤0.01% |
25,482
-2,700
| -10% | -$45.8K |
|
2805
Lexicon Pharmaceuticals
LXRX
$392M
| $431K | ﹤0.01% |
103,905
+4,449
| +4% | +$18.5K |
|
2806
Harvard Bioscience
HBIO
$20M
| $425K | ﹤0.01% |
139,202
| – | – |
|
|
BCOV
2807
DELISTED
Brightcove, Inc.
BCOV
| $425K | ﹤0.01% |
48,912
+1,222
| +3% | +$10.6K |
|
2808
Weis Markets
WMK
$1.73B
| $424K | ﹤0.01% |
10,463
+402
| +4% | +$16.3K |
|
|
PAE
2809
DELISTED
PAE Incorporated Class A Common Stock
PAE
| $423K | ﹤0.01% |
40,862
+26,500
| +185% | +$274K |
|
2810
Radiant Logistics
RLGT
$301M
| $422K | ﹤0.01% |
75,806
+7,500
| +11% | +$41.8K |
|
|
MVC
2811
DELISTED
MVC Capital, Inc.
MVC
| $422K | ﹤0.01% |
46,000
-5,700
| -11% | -$52.3K |
|
|
SUNS
2812
DELISTED
SLR Senior Investment Corp. Common Stock
SUNS
| $421K | ﹤0.01% |
23,900
+4,800
| +25% | +$84.6K |
|
|
GV
2813
DELISTED
Goldfield Corporation
GV
| $419K | ﹤0.01% |
118,015
| – | – |
|
2814
Ituran Location and Control
ITRN
$678M
| $416K | ﹤0.01% |
+16,553
| New | +$416K |
|
2815
KVH Industries
KVHI
$114M
| $415K | ﹤0.01% |
37,300
-1,300
| -3% | -$14.5K |
|
|
ORC
2816
Orchid Island Capital
ORC
$1.03B
| $413K | ﹤0.01% |
14,108
| – | – |
|
2817
Lindblad Expeditions
LIND
$717M
| $411K | ﹤0.01% |
25,143
-8,778
| -26% | -$143K |
|
2818
EverQuote
EVER
$849M
| $410K | ﹤0.01% |
+11,947
| New | +$410K |
|
2819
Stoke Therapeutics
STOK
$1.31B
| $410K | ﹤0.01% |
+14,470
| New | +$410K |
|
|
ECOM
2820
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $410K | ﹤0.01% |
45,332
+8,300
| +22% | +$75.1K |
|
2821
CrossAmerica Partners
CAPL
$780M
| $409K | ﹤0.01% |
22,640
+12,501
| +123% | +$226K |
|
|
ONDK
2822
DELISTED
On Deck Capital, Inc.
ONDK
| $408K | ﹤0.01% |
98,651
+77,492
| +366% | +$320K |
|
2823
MannKind Corp
MNKD
$1.71B
| $406K | ﹤0.01% |
314,960
+200,156
| +174% | +$258K |
|
|
OPTN
2824
DELISTED
OptiNose
OPTN
| $405K | ﹤0.01% |
+2,930
| New | +$405K |
|
2825
Capital Southwest
CSWC
$1.26B
| $404K | ﹤0.01% |
+19,400
| New | +$404K |
|