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 | |
|---|---|---|---|---|---|---|
1301
Zscaler
ZS
$44.1B
| $6.23M | 0.01% |
133,932
-1,280
| -0.9% | -$59.5K |
|
|
PPBI
1302
DELISTED
Pacific Premier Bancorp
PPBI
| $6.22M | 0.01% |
190,744
+45,055
| +31% | +$1.47M |
|
1303
Elastic
ESTC
$9.3B
| $6.21M | 0.01% |
96,524
+24,412
| +34% | +$1.57M |
|
1304
CBIZ
CBZ
$3.01B
| $6.2M | 0.01% |
230,014
+95,426
| +71% | +$2.57M |
|
1305
Consolidated Water Co
CWCO
$529M
| $6.2M | 0.01% |
380,259
+2,759
| +0.7% | +$45K |
|
1306
Cabot Corp
CBT
$4.2B
| $6.2M | 0.01% |
130,411
+8,816
| +7% | +$419K |
|
1307
Bloomin' Brands
BLMN
$577M
| $6.19M | 0.01% |
280,393
+11,163
| +4% | +$246K |
|
|
WWE
1308
DELISTED
World Wrestling Entertainment
WWE
| $6.18M | 0.01% |
95,218
+474
| +0.5% | +$30.7K |
|
1309
Kornit Digital
KRNT
$647M
| $6.17M | 0.01% |
180,364
+129,190
| +252% | +$4.42M |
|
1310
GDS Holdings
GDS
$7.32B
| $6.15M | 0.01% |
119,308
+8,988
| +8% | +$464K |
|
1311
Constellium
CSTM
$2.08B
| $6.15M | 0.01% |
459,000
-55,833
| -11% | -$748K |
|
1312
Select Medical
SEM
$1.55B
| $6.15M | 0.01% |
488,932
+39,641
| +9% | +$499K |
|
|
NGHC
1313
DELISTED
National General Holdings Corp
NGHC
| $6.14M | 0.01% |
277,726
+24,311
| +10% | +$537K |
|
1314
PotlatchDeltic
PCH
$3.2B
| $6.13M | 0.01% |
141,661
+4,801
| +4% | +$208K |
|
1315
Middlesex Water
MSEX
$971M
| $6.13M | 0.01% |
96,394
-3,478
| -3% | -$221K |
|
1316
Cheesecake Factory
CAKE
$2.82B
| $6.12M | 0.01% |
157,430
+41,712
| +36% | +$1.62M |
|
1317
StoneCo
STNE
$4.89B
| $6.1M | 0.01% |
153,000
+5,307
| +4% | +$212K |
|
|
KEM
1318
DELISTED
KEMET Corporation
KEM
| $6.1M | 0.01% |
225,417
+5,755
| +3% | +$156K |
|
1319
Independence Realty Trust
IRT
$4.07B
| $6.09M | 0.01% |
432,767
+157,626
| +57% | +$2.22M |
|
1320
3D Systems Corporation
DDD
$286M
| $6.09M | 0.01% |
696,200
-196,100
| -22% | -$1.72M |
|
|
BOLD
1321
DELISTED
Audentes Therapeutics, Inc
BOLD
| $6.08M | 0.01% |
101,632
+19,800
| +24% | +$1.18M |
|
1322
Monro
MNRO
$519M
| $6.08M | 0.01% |
77,735
+2,330
| +3% | +$182K |
|
1323
CommScope
COMM
$3.61B
| $6.06M | 0.01% |
427,248
+71,719
| +20% | +$1.02M |
|
|
ETRN
1324
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $6.04M | 0.01% |
452,257
+67,999
| +18% | +$908K |
|
1325
Main Street Capital
MAIN
$5.99B
| $6.03M | 0.01% |
139,945
-1,816
| -1% | -$78.3K |
|