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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
3001
Amalgamated Financial
AMAL
$857M
| $431K | ﹤0.01% |
31,380
-600
| -2% | -$8.24K |
|
3002
Northrim BanCorp
NRIM
$508M
| $431K | ﹤0.01% |
12,702
-1,962
| -13% | -$66.6K |
|
|
TCS
3003
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
| $431K | ﹤0.01% |
3,010
-35,050
| -92% | -$5.02M |
|
|
AIOT
3004
PowerFleet, Inc. Common Stock
AIOT
$699M
| $430K | ﹤0.01% |
57,913
-1,200
| -2% | -$8.91K |
|
3005
CuriosityStream
CURI
$258M
| $428K | ﹤0.01% |
30,700
-600
| -2% | -$8.37K |
|
3006
Calumet Specialty Products
CLMT
$1.53B
| $427K | ﹤0.01% |
136,289
-2,700
| -2% | -$8.46K |
|
3007
Covenant Logistics
CVLG
$575M
| $425K | ﹤0.01% |
57,446
-1,000
| -2% | -$7.4K |
|
3008
Friedman Industries
FRD
$154M
| $425K | ﹤0.01% |
61,891
| – | – |
|
|
IHC
3009
DELISTED
Independence Holding Company
IHC
| $422K | ﹤0.01% |
10,289
-200
| -2% | -$8.2K |
|
3010
Pliant Therapeutics
PLRX
$104M
| $417K | ﹤0.01% |
18,347
-400
| -2% | -$9.09K |
|
|
TELL
3011
DELISTED
Tellurian Inc.
TELL
| $417K | ﹤0.01% |
325,496
| – | – |
|
3012
FS Bancorp
FSBW
$316M
| $416K | ﹤0.01% |
15,200
-2,386
| -14% | -$65.3K |
|
3013
Larimar Therapeutics
LRMR
$357M
| $416K | ﹤0.01% |
+19,451
| New | +$416K |
|
3014
National Bankshares
NKSH
$194M
| $416K | ﹤0.01% |
13,300
-1,461
| -10% | -$45.7K |
|
3015
Cato Corp
CATO
$89.6M
| $415K | ﹤0.01% |
43,300
-4,839
| -10% | -$46.4K |
|
3016
RPC Inc
RES
$1.02B
| $414K | ﹤0.01% |
131,373
-2,400
| -2% | -$7.56K |
|
|
TLMD
3017
DELISTED
SOC Telemed, Inc. Class A Common Stock
TLMD
| $414K | ﹤0.01% |
52,760
-1,100
| -2% | -$8.63K |
|
3018
First Capital
FCAP
$145M
| $412K | ﹤0.01% |
6,800
-100
| -1% | -$6.06K |
|
3019
Spok Holdings
SPOK
$356M
| $412K | ﹤0.01% |
37,000
-3,704
| -9% | -$41.2K |
|
|
EMKR
3020
DELISTED
Emcore Corp
EMKR
| $411K | ﹤0.01% |
7,540
| – | – |
|
3021
Epsilon Energy
EPSN
$123M
| $410K | ﹤0.01% |
+110,456
| New | +$410K |
|
|
AGRX
3022
DELISTED
Agile Therapeutics, Inc
AGRX
| $408K | ﹤0.01% |
71
-2
| -3% | -$11.5K |
|
3023
Stellus Capital Investment Corp
SCM
$408M
| $406K | ﹤0.01% |
37,300
-4,200
| -10% | -$45.7K |
|
3024
Fortress Biotech
FBIO
$114M
| $405K | ﹤0.01% |
8,513
-180
| -2% | -$8.56K |
|
|
QTT
3025
DELISTED
Qutoutiao Inc. American Depositary Shares
QTT
| $405K | ﹤0.01% |
25,446
-883
| -3% | -$14.1K |
|