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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1676
Liberty Latin America Class C
LILAK
$1.53B
| $2.44M | ﹤0.01% |
274,013
+4,524
| +2% | +$40.2K |
|
1677
Malibu Boats
MBUU
$629M
| $2.43M | ﹤0.01% |
46,857
+1,419
| +3% | +$73.7K |
|
1678
Steelcase
SCS
$1.93B
| $2.43M | ﹤0.01% |
201,786
-1,206
| -0.6% | -$14.5K |
|
1679
FTAI Aviation
FTAI
$17.6B
| $2.42M | ﹤0.01% |
218,435
-1,171
| -0.5% | -$13K |
|
1680
Helios Technologies
HLIO
$1.8B
| $2.42M | ﹤0.01% |
64,921
-200
| -0.3% | -$7.45K |
|
|
DHC
1681
Diversified Healthcare Trust
DHC
$1.07B
| $2.42M | ﹤0.01% |
545,656
+10,741
| +2% | +$47.5K |
|
|
CSII
1682
DELISTED
Cardiovascular Systems, Inc.
CSII
| $2.41M | ﹤0.01% |
76,441
-1,296
| -2% | -$40.9K |
|
1683
Stride
LRN
$6.91B
| $2.41M | ﹤0.01% |
88,481
+1,197
| +1% | +$32.6K |
|
1684
Mersana Therapeutics
MRSN
$35.6M
| $2.4M | ﹤0.01% |
4,108
+3,080
| +300% | +$1.8M |
|
1685
Laureate Education
LAUR
$4.33B
| $2.4M | ﹤0.01% |
240,466
-11,485
| -5% | -$114K |
|
1686
Sixth Street Specialty
TSLX
$2.32B
| $2.39M | ﹤0.01% |
145,069
+1,969
| +1% | +$32.5K |
|
1687
Eagle Bancorp
EGBN
$615M
| $2.39M | ﹤0.01% |
72,987
+728
| +1% | +$23.8K |
|
1688
BILL Holdings
BILL
$5.19B
| $2.38M | ﹤0.01% |
+26,350
| New | +$2.38M |
|
1689
Coca-Cola Consolidated
COKE
$10.6B
| $2.38M | ﹤0.01% |
103,690
-2,220
| -2% | -$50.9K |
|
1690
NMI Holdings
NMIH
$3.08B
| $2.37M | ﹤0.01% |
147,617
-3,655
| -2% | -$58.8K |
|
1691
Digital Turbine
APPS
$501M
| $2.37M | ﹤0.01% |
188,674
+7,380
| +4% | +$92.8K |
|
1692
Empire State Realty Trust
ESRT
$1.34B
| $2.37M | ﹤0.01% |
338,784
+4,274
| +1% | +$29.9K |
|
1693
Urban Outfitters
URBN
$6.07B
| $2.37M | ﹤0.01% |
155,494
+375
| +0.2% | +$5.71K |
|
1694
Transocean
RIG
$3.11B
| $2.37M | ﹤0.01% |
1,293,004
-2,900
| -0.2% | -$5.31K |
|
|
AXNX
1695
DELISTED
Axonics, Inc. Common Stock
AXNX
| $2.37M | ﹤0.01% |
67,348
+31,892
| +90% | +$1.12M |
|
|
ADAP
1696
Adaptimmune Therapeutics
ADAP
$14.8M
| $2.36M | ﹤0.01% |
235,707
+205,207
| +673% | +$2.05M |
|
1697
Brinker International
EAT
$6.84B
| $2.35M | ﹤0.01% |
98,029
+12,931
| +15% | +$310K |
|
1698
US Physical Therapy
USPH
$1.22B
| $2.35M | ﹤0.01% |
28,945
+309
| +1% | +$25K |
|
1699
Enviri
NVRI
$983M
| $2.34M | ﹤0.01% |
172,949
-801
| -0.5% | -$10.8K |
|
1700
Piper Sandler
PIPR
$6.12B
| $2.34M | ﹤0.01% |
39,479
+8,698
| +28% | +$515K |
|