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 |
Costco
COST
|
+$253M |
| 2 |
Walmart
WMT
|
+$201M |
| 3 |
Amazon
AMZN
|
+$110M |
| 4 |
United Parcel Service
UPS
|
+$103M |
| 5 |
Pool Corp
POOL
|
+$87M |
Top Sells
| 1 |
TJX Companies
TJX
|
+$413M |
| 2 |
Chubb
CB
|
+$336M |
| 3 |
Coca-Cola
KO
|
+$252M |
| 4 |
McCormick & Company Non-Voting
MKC
|
+$169M |
| 5 |
Apple
AAPL
|
+$152M |
Sector Composition
| 1 | Technology | 23.04% |
| 2 | Healthcare | 14.63% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Communication Services | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Bank of N.T. Butterfield & Son
NTB
$1.89B
| $777K | ﹤0.01% |
21,927
-81,553
| -79% | -$2.89M |
|
|
BEST
1302
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $754K | ﹤0.01% |
21,172
+287
| +1% | +$10.2K |
|
1303
Black Stone Minerals
BSM
$2.65B
| $745K | ﹤0.01% |
69,289
-234,184
| -77% | -$2.52M |
|
|
HTO
1304
H2O America Common Stock
HTO
$1.75B
| $739K | ﹤0.01% |
11,667
-36,086
| -76% | -$2.29M |
|
1305
US Physical Therapy
USPH
$1.22B
| $733K | ﹤0.01% |
6,328
-19,572
| -76% | -$2.27M |
|
1306
Tennant Co
TNC
$1.5B
| $728K | ﹤0.01% |
9,113
-28,187
| -76% | -$2.25M |
|
1307
Alamo Group
ALG
$2.49B
| $726K | ﹤0.01% |
4,755
-14,707
| -76% | -$2.25M |
|
|
OPI
1308
Office Properties Income Trust
OPI
$40.8M
| $700K | ﹤0.01% |
23,895
-73,905
| -76% | -$2.17M |
|
1309
Enerpac Tool Group
EPAC
$2.3B
| $691K | ﹤0.01% |
25,959
-84,541
| -77% | -$2.25M |
|
1310
First Commonwealth Financial
FCF
$1.84B
| $682K | ﹤0.01% |
48,475
-149,925
| -76% | -$2.11M |
|
1311
Westamerica Bancorp
WABC
$1.24B
| $679K | ﹤0.01% |
11,706
-36,205
| -76% | -$2.1M |
|
1312
Brown-Forman Class A
BF.A
$13.2B
| $671K | ﹤0.01% |
9,519
-60,463
| -86% | -$4.26M |
|
1313
Lakeland Financial Corp
LKFN
$1.66B
| $671K | ﹤0.01% |
10,885
-33,666
| -76% | -$2.08M |
|
|
ALEX
1314
Alexander & Baldwin
ALEX
$1.34B
| $659K | ﹤0.01% |
35,966
-111,234
| -76% | -$2.04M |
|
1315
NBT Bancorp
NBTB
$2.27B
| $651K | ﹤0.01% |
18,089
-55,946
| -76% | -$2.01M |
|
1316
Nelnet
NNI
$4.46B
| $645K | ﹤0.01% |
8,576
-26,524
| -76% | -$1.99M |
|
1317
Interparfums
IPAR
$3.43B
| $635K | ﹤0.01% |
8,820
-27,280
| -76% | -$1.96M |
|
1318
Kforce
KFRC
$567M
| $623K | ﹤0.01% |
9,895
-30,605
| -76% | -$1.93M |
|
1319
Millicom
TIGO
$7.94B
| $623K | ﹤0.01% |
15,742
-197,836
| -93% | -$7.83M |
|
1320
First Busey Corp
BUSE
$2.19B
| $620K | ﹤0.01% |
25,142
-77,758
| -76% | -$1.92M |
|
1321
ProAssurance
PRA
$1.22B
| $610K | ﹤0.01% |
26,827
-82,973
| -76% | -$1.89M |
|
1322
Southside Bancshares
SBSI
$916M
| $605K | ﹤0.01% |
15,832
-48,968
| -76% | -$1.87M |
|
1323
S&T Bancorp
STBA
$1.5B
| $604K | ﹤0.01% |
19,302
-59,698
| -76% | -$1.87M |
|
|
KAMN
1324
DELISTED
Kaman Corp
KAMN
| $601K | ﹤0.01% |
11,924
-36,881
| -76% | -$1.86M |
|
1325
City Holding Co
CHCO
$1.83B
| $590K | ﹤0.01% |
7,843
-24,257
| -76% | -$1.82M |
|