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 |
Coca-Cola
KO
|
+$95.4M |
| 2 |
PepsiCo
PEP
|
+$73.5M |
| 3 |
Accenture
ACN
|
+$68.9M |
| 4 |
Lockheed Martin
LMT
|
+$66.5M |
| 5 |
Simon Property Group
SPG
|
+$53.6M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
+$144M |
| 2 |
Apple
AAPL
|
+$100M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$98.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.6M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.5M |
Sector Composition
| 1 | Technology | 17.51% |
| 2 | Financials | 17.03% |
| 3 | Healthcare | 13.68% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1876
Chegg
CHGG
$167M
| $2.1M | ﹤0.01% |
73,767
+35,326
| +92% | +$1M |
|
|
AERI
1877
DELISTED
Aerie Pharmaceuticals, Inc.
AERI
| $2.1M | ﹤0.01% |
34,073
-1,065
| -3% | -$65.5K |
|
|
TSRO
1878
DELISTED
TESARO, Inc.
TSRO
| $2.1M | ﹤0.01% |
53,700
-4,500
| -8% | -$176K |
|
1879
Dynagas LNG Partners
DLNG
$141M
| $2.09M | ﹤0.01% |
237,822
| – | – |
|
1880
Air T
AIRT
$67.8M
| $2.08M | ﹤0.01% |
94,800
| – | – |
|
1881
Adtran
ADTN
$809M
| $2.08M | ﹤0.01% |
117,682
-10,708
| -8% | -$189K |
|
1882
Sonic Automotive
SAH
$2.73B
| $2.08M | ﹤0.01% |
107,358
-5,781
| -5% | -$112K |
|
|
AD
1883
Array Digital Infrastructure, Inc.
AD
$4.41B
| $2.08M | ﹤0.01% |
46,370
-2,670
| -5% | -$120K |
|
1884
First Busey Corp
BUSE
$2.19B
| $2.07M | ﹤0.01% |
66,799
-4,372
| -6% | -$136K |
|
|
ONCE
1885
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $2.07M | ﹤0.01% |
37,900
-2,900
| -7% | -$158K |
|
|
TRTN
1886
DELISTED
Triton International Limited
TRTN
| $2.07M | ﹤0.01% |
62,073
-2,200
| -3% | -$73.2K |
|
|
CSR
1887
Centerspace
CSR
$979M
| $2.06M | ﹤0.01% |
34,498
-1,191
| -3% | -$71.2K |
|
1888
Suburban Propane Partners
SPH
$1.21B
| $2.06M | ﹤0.01% |
87,609
-10,857
| -11% | -$255K |
|
1889
Clearwater Paper
CLW
$344M
| $2.05M | ﹤0.01% |
69,030
+845
| +1% | +$25.1K |
|
|
TVRD
1890
Tvardi Therapeutics, Inc. Common Stock
TVRD
$318M
| $2.05M | ﹤0.01% |
2,378
-211
| -8% | -$182K |
|
|
IMPV
1891
DELISTED
Imperva, Inc.
IMPV
| $2.05M | ﹤0.01% |
44,065
-2,400
| -5% | -$111K |
|
1892
Douglas Dynamics
PLOW
$752M
| $2.05M | ﹤0.01% |
46,595
-2,917
| -6% | -$128K |
|
1893
Team
TISI
$81.8M
| $2.04M | ﹤0.01% |
9,077
+925
| +11% | +$208K |
|
|
CCF
1894
DELISTED
Chase Corporation
CCF
| $2.03M | ﹤0.01% |
16,930
-888
| -5% | -$107K |
|
|
ITG
1895
DELISTED
Investment Technology Group Inc
ITG
| $2.03M | ﹤0.01% |
93,877
-4,778
| -5% | -$103K |
|
1896
Marten Transport
MRTN
$953M
| $2.03M | ﹤0.01% |
144,801
-7,409
| -5% | -$104K |
|
1897
Theravance Biopharma
TBPH
$720M
| $2.03M | ﹤0.01% |
62,200
-5,100
| -8% | -$167K |
|
1898
B&G Foods
BGS
$360M
| $2.03M | ﹤0.01% |
73,994
+3,376
| +5% | +$92.7K |
|
1899
Agree Realty
ADC
$8.09B
| $2.03M | ﹤0.01% |
38,174
-7,467
| -16% | -$397K |
|
|
FSP
1900
Franklin Street Properties
FSP
$174M
| $2.03M | ﹤0.01% |
253,731
-29,973
| -11% | -$239K |
|