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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1501
Teekay
TK
$722M
| $4.41M | 0.01% |
100,100
-6,200
| -6% | -$273K |
|
|
INFN
1502
DELISTED
Infinera Corporation Common Stock
INFN
| $4.41M | 0.01% |
265,900
-23,400
| -8% | -$388K |
|
|
LGF
1503
DELISTED
Lions Gate Entertainment
LGF
| $4.4M | 0.01% |
150,000
-5,400
| -3% | -$158K |
|
1504
Provident Financial Services
PFS
$2.59B
| $4.4M | 0.01% |
253,273
+4,700
| +2% | +$81.6K |
|
1505
HEICO Class A
HEI.A
$34.9B
| $4.39M | 0.01% |
183,301
| – | – |
|
1506
Ironwood Pharmaceuticals
IRWD
$213M
| $4.39M | 0.01% |
314,380
+34,608
| +12% | +$483K |
|
1507
Adtran
ADTN
$809M
| $4.39M | 0.01% |
196,585
+5,965
| +3% | +$133K |
|
|
ZINC
1508
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
| $4.38M | 0.01% |
315,700
+68,800
| +28% | +$954K |
|
|
STMP
1509
DELISTED
Stamps.com, Inc.
STMP
| $4.36M | 0.01% |
94,100
-14,040
| -13% | -$650K |
|
|
RWT
1510
Redwood Trust
RWT
$804M
| $4.35M | 0.01% |
216,200
-41,990
| -16% | -$846K |
|
1511
Hope Bancorp
HOPE
$1.4B
| $4.35M | 0.01% |
314,793
-12,099
| -4% | -$167K |
|
1512
AB InBev
BUD
$114B
| $4.34M | 0.01% |
35,894
-58,001
| -62% | -$7.01M |
|
|
SJI
1513
DELISTED
South Jersey Industries, Inc.
SJI
| $4.33M | 0.01% |
143,600
| – | – |
|
1514
Coeur Mining
CDE
$9.98B
| $4.33M | 0.01% |
684,780
+157,500
| +30% | +$995K |
|
|
BRLI
1515
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $4.33M | 0.01% |
129,700
+2,189
| +2% | +$73K |
|
1516
Methode Electronics
MEI
$287M
| $4.32M | 0.01% |
117,581
+3,294
| +3% | +$121K |
|
|
EXPR
1517
DELISTED
Express, Inc.
EXPR
| $4.32M | 0.01% |
16,230
+1,405
| +9% | +$374K |
|
1518
Sabra Healthcare REIT
SBRA
$4.57B
| $4.31M | 0.01% |
129,501
+3,617
| +3% | +$120K |
|
1519
BOK Financial
BOKF
$7.06B
| $4.31M | 0.01% |
77,166
+700
| +0.9% | +$39.1K |
|
|
AHD
1520
DELISTED
ATLAS ENERGY L P COM UNITS REPSTG LTD PARTNER INT (DE)
AHD
| $4.31M | 0.01% |
147,700
+16,400
| +12% | +$478K |
|
|
ENV
1521
DELISTED
ENVESTNET, INC.
ENV
| $4.3M | 0.01% |
82,300
-10,935
| -12% | -$572K |
|
1522
Stratasys
SSYS
$835M
| $4.29M | 0.01% |
53,500
+16,293
| +44% | +$1.31M |
|
1523
Gran Tierra Energy
GTE
$136M
| $4.29M | 0.01% |
196,713
+64,738
| +49% | +$1.41M |
|
1524
Vanguard Real Estate ETF
VNQ
$34.8B
| $4.28M | 0.01% |
+48,300
| New | +$4.28M |
|
1525
Sonic Automotive
SAH
$2.73B
| $4.28M | 0.01% |
164,468
+37,007
| +29% | +$962K |
|