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 | |
|---|---|---|---|---|---|---|
1251
Horace Mann Educators
HMN
$1.86B
| $3.43M | ﹤0.01% |
93,663
-77,032
| -45% | -$2.82M |
|
1252
Kennametal
KMT
$1.58B
| $3.43M | ﹤0.01% |
183,939
-8,900
| -5% | -$166K |
|
1253
Axsome Therapeutics
AXSM
$5.69B
| $3.42M | ﹤0.01% |
58,142
+9,200
| +19% | +$541K |
|
|
TCP
1254
DELISTED
TC Pipelines LP
TCP
| $3.42M | ﹤0.01% |
124,412
-5,935
| -5% | -$163K |
|
1255
Trustmark
TRMK
$2.38B
| $3.42M | ﹤0.01% |
146,576
+2,000
| +1% | +$46.6K |
|
1256
Westamerica Bancorp
WABC
$1.22B
| $3.41M | ﹤0.01% |
58,060
-4,871
| -8% | -$286K |
|
1257
Capitol Federal Financial
CFFN
$819M
| $3.41M | ﹤0.01% |
293,920
+6,311
| +2% | +$73.3K |
|
1258
Merit Medical Systems
MMSI
$4.9B
| $3.41M | ﹤0.01% |
109,199
-6,100
| -5% | -$191K |
|
|
HTO
1259
H2O America Common Stock
HTO
$1.7B
| $3.41M | ﹤0.01% |
59,066
-15,265
| -21% | -$882K |
|
1260
Cabot Corp
CBT
$4.15B
| $3.41M | ﹤0.01% |
130,556
+145
| +0.1% | +$3.79K |
|
1261
Apellis Pharmaceuticals
APLS
$3.01B
| $3.41M | ﹤0.01% |
127,212
+17,313
| +16% | +$464K |
|
|
FIT
1262
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $3.4M | ﹤0.01% |
510,852
-8,949
| -2% | -$59.6K |
|
1263
Macy's
M
$4.68B
| $3.4M | ﹤0.01% |
692,286
+10,916
| +2% | +$53.6K |
|
|
GAP
1264
The Gap, Inc.
GAP
$8.4B
| $3.4M | ﹤0.01% |
482,859
+300
| +0.1% | +$2.11K |
|
1265
National Vision
EYE
$1.9B
| $3.39M | ﹤0.01% |
174,294
-48,946
| -22% | -$951K |
|
1266
FormFactor
FORM
$2.46B
| $3.38M | ﹤0.01% |
168,220
-5,900
| -3% | -$119K |
|
|
EGOV
1267
DELISTED
NIC Inc
EGOV
| $3.36M | ﹤0.01% |
146,200
-144,253
| -50% | -$3.32M |
|
1268
Dorman Products
DORM
$4.8B
| $3.36M | ﹤0.01% |
60,749
-24,164
| -28% | -$1.34M |
|
1269
Coty
COTY
$3.67B
| $3.36M | ﹤0.01% |
650,405
-218,104
| -25% | -$1.13M |
|
1270
Insight Enterprises
NSIT
$3.79B
| $3.35M | ﹤0.01% |
79,558
-53,924
| -40% | -$2.27M |
|
1271
Trinity Industries
TRN
$2.25B
| $3.35M | ﹤0.01% |
208,475
-37,300
| -15% | -$599K |
|
1272
Tenet Healthcare
THC
$16.2B
| $3.35M | ﹤0.01% |
232,541
-4,112
| -2% | -$59.2K |
|
1273
HUB Group
HUBG
$2.3B
| $3.35M | ﹤0.01% |
147,208
-43,952
| -23% | -$999K |
|
1274
Progress Software
PRGS
$1.82B
| $3.33M | ﹤0.01% |
104,084
-94,291
| -48% | -$3.02M |
|
1275
Prospect Capital
PSEC
$1.29B
| $3.33M | ﹤0.01% |
783,000
-35,000
| -4% | -$149K |
|