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 | |
|---|---|---|---|---|---|---|
1876
Ligand Pharmaceuticals
LGND
$3.23B
| $2.74M | ﹤0.01% |
75,020
-12,788
| -15% | -$467K |
|
|
MODV
1877
DELISTED
ModivCare
MODV
| $2.74M | ﹤0.01% |
69,300
-16,800
| -20% | -$664K |
|
1878
Badger Meter
BMI
$5.24B
| $2.74M | ﹤0.01% |
95,000
| – | – |
|
1879
Kite Realty
KRG
$4.95B
| $2.73M | ﹤0.01% |
87,386
+16,894
| +24% | +$528K |
|
1880
AZZ Inc
AZZ
$3.52B
| $2.73M | ﹤0.01% |
64,500
-11,100
| -15% | -$469K |
|
1881
NETGEAR
NTGR
$831M
| $2.72M | ﹤0.01% |
79,900
+1,100
| +1% | +$37.4K |
|
1882
Columbus McKinnon
CMCO
$415M
| $2.71M | ﹤0.01% |
105,300
+12,100
| +13% | +$312K |
|
1883
Cohen & Steers
CNS
$3.65B
| $2.71M | ﹤0.01% |
61,500
+12,700
| +26% | +$560K |
|
1884
Flushing Financial
FFIC
$476M
| $2.71M | ﹤0.01% |
141,745
+3,200
| +2% | +$61.2K |
|
1885
Coty
COTY
$3.57B
| $2.71M | ﹤0.01% |
141,700
-7,600
| -5% | -$145K |
|
|
IPCC
1886
DELISTED
Infinity Property & Casualty C
IPCC
| $2.7M | ﹤0.01% |
36,900
-100
| -0.3% | -$7.33K |
|
1887
Fabrinet
FN
$12.8B
| $2.7M | ﹤0.01% |
168,000
| – | – |
|
1888
Wabash National
WNC
$457M
| $2.7M | ﹤0.01% |
212,300
+54,700
| +35% | +$696K |
|
1889
Astronics
ATRO
$1.41B
| $2.7M | ﹤0.01% |
75,318
-7,719
| -9% | -$277K |
|
1890
CVR Partners
UAN
$930M
| $2.7M | ﹤0.01% |
22,540
+14,030
| +165% | +$1.68M |
|
1891
J&J Snack Foods
JJSF
$2.02B
| $2.68M | ﹤0.01% |
27,235
-500
| -2% | -$49.3K |
|
|
KRA
1892
DELISTED
Kraton Corporation
KRA
| $2.68M | ﹤0.01% |
137,300
-1,791
| -1% | -$34.9K |
|
|
MFRM
1893
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $2.67M | ﹤0.01% |
44,500
| – | – |
|
|
NTP
1894
DELISTED
Nam Tai Property Inc.
NTP
| $2.67M | ﹤0.01% |
558,000
+228,300
| +69% | +$1.09M |
|
1895
IQVIA
IQV
$31.8B
| $2.67M | ﹤0.01% |
43,100
-78,434
| -65% | -$4.86M |
|
|
MIG
1896
DELISTED
MEADOWBROOK INSURANCE GRP INC
MIG
| $2.67M | ﹤0.01% |
319,223
-45,239
| -12% | -$378K |
|
1897
Southside Bancshares
SBSI
$916M
| $2.66M | ﹤0.01% |
107,531
+24,963
| +30% | +$618K |
|
1898
Chunghwa Telecom
CHT
$34.8B
| $2.66M | ﹤0.01% |
87,389
-9,948
| -10% | -$303K |
|
|
SSI
1899
DELISTED
Stage Stores Inc
SSI
| $2.66M | ﹤0.01% |
124,280
+40,780
| +49% | +$874K |
|
1900
Varonis Systems
VRNS
$6.3B
| $2.66M | ﹤0.01% |
234,846
+59,646
| +34% | +$675K |
|