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 | |
|---|---|---|---|---|---|---|
1201
WaFd
WAFD
$2.46B
| $7.2M | 0.01% |
196,304
-10,496
| -5% | -$385K |
|
1202
LiveRamp
RAMP
$1.73B
| $7.18M | 0.01% |
149,323
+3,648
| +3% | +$175K |
|
1203
SouthState Bank Corporation
SSB
$10.2B
| $7.18M | 0.01% |
82,741
-9,180
| -10% | -$796K |
|
1204
Cadence Bank
CADE
$7.02B
| $7.16M | 0.01% |
227,984
-19,097
| -8% | -$600K |
|
1205
Simmons First National
SFNC
$2.96B
| $7.16M | 0.01% |
267,257
+40,769
| +18% | +$1.09M |
|
1206
The Ensign Group
ENSG
$9.69B
| $7.16M | 0.01% |
157,715
-3,734
| -2% | -$169K |
|
1207
Acadia Realty Trust
AKR
$2.64B
| $7.11M | 0.01% |
274,351
+122,759
| +81% | +$3.18M |
|
1208
Kennametal
KMT
$1.58B
| $7.11M | 0.01% |
192,839
-15,515
| -7% | -$572K |
|
1209
Columbia Sportswear
COLM
$2.99B
| $7.1M | 0.01% |
70,847
+2,365
| +3% | +$237K |
|
|
MZTI
1210
The Marzetti Company Common Stock
MZTI
$5.04B
| $7.09M | 0.01% |
44,269
-8,979
| -17% | -$1.44M |
|
1211
UFP Industries
UFPI
$5.78B
| $7.08M | 0.01% |
148,512
-22,621
| -13% | -$1.08M |
|
1212
First Merchants
FRME
$2.31B
| $7.08M | 0.01% |
170,141
+13,730
| +9% | +$571K |
|
1213
Morningstar
MORN
$10.8B
| $7.07M | 0.01% |
46,737
-933
| -2% | -$141K |
|
1214
Builders FirstSource
BLDR
$15.8B
| $7.06M | 0.01% |
277,934
+6,406
| +2% | +$163K |
|
|
ARNA
1215
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $7.06M | 0.01% |
155,425
+45,557
| +41% | +$2.07M |
|
1216
Allegiant Air
ALGT
$1.19B
| $7.06M | 0.01% |
40,548
+9,597
| +31% | +$1.67M |
|
|
MGP
1217
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $7.04M | 0.01% |
227,272
+22,338
| +11% | +$692K |
|
1218
Novanta
NOVT
$4.12B
| $7.03M | 0.01% |
79,523
+2,395
| +3% | +$212K |
|
1219
MillerKnoll
MLKN
$1.4B
| $7.03M | 0.01% |
168,839
+16,618
| +11% | +$692K |
|
1220
WesBanco
WSBC
$3.03B
| $7.03M | 0.01% |
186,063
+50,198
| +37% | +$1.9M |
|
1221
Infosys
INFY
$70.3B
| $7.01M | 0.01% |
+679,300
| New | +$7.01M |
|
1222
Kaiser Aluminum
KALU
$1.24B
| $7M | 0.01% |
63,159
+24,725
| +64% | +$2.74M |
|
1223
Fulton Financial
FULT
$3.54B
| $7M | 0.01% |
401,734
-64,053
| -14% | -$1.12M |
|
|
TGE
1224
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $7M | 0.01% |
316,534
+30,087
| +11% | +$666K |
|
1225
Columbia Banking Systems
COLB
$7.8B
| $6.99M | 0.01% |
171,709
+11,463
| +7% | +$466K |
|