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 |
Medtronic
MDT
|
+$293M |
| 2 |
Visa
V
|
+$274M |
| 3 |
AGN
Allergan plc
AGN
|
+$103M |
| 4 |
Equinix
EQIX
|
+$36M |
| 5 |
Qorvo
QRVO
|
+$32M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
+$179M |
| 2 |
Wells Fargo
WFC
|
+$127M |
| 3 |
Microsoft
MSFT
|
+$113M |
| 4 |
Occidental Petroleum
OXY
|
+$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
+$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
AKS
1926
DELISTED
AK Steel Holding Corp.
AKS
| $2.4M | ﹤0.01% |
619,508
-51,093
| -8% | -$198K |
|
|
KERX
1927
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $2.39M | ﹤0.01% |
239,800
| – | – |
|
|
RAS
1928
DELISTED
RAIT Financial Trust
RAS
| $2.39M | ﹤0.01% |
390,500
-17,500
| -4% | -$107K |
|
|
CGI
1929
DELISTED
Celadon Group Inc
CGI
| $2.38M | ﹤0.01% |
115,300
+16,600
| +17% | +$343K |
|
1930
Kforce
KFRC
$567M
| $2.38M | ﹤0.01% |
104,200
-45,633
| -30% | -$1.04M |
|
1931
Travere Therapeutics
TVTX
$2.09B
| $2.38M | ﹤0.01% |
+71,800
| New | +$2.38M |
|
|
HEES
1932
DELISTED
H&E Equipment Services
HEES
| $2.37M | ﹤0.01% |
118,700
-60,699
| -34% | -$1.21M |
|
1933
Ubiquiti
UI
$36.6B
| $2.37M | ﹤0.01% |
74,200
-36,700
| -33% | -$1.17M |
|
|
KEG
1934
DELISTED
KEY ENERGY SERVICES INC
KEG
| $2.36M | ﹤0.01% |
1,312,900
+404,400
| +45% | +$728K |
|
1935
HealthStream
HSTM
$855M
| $2.36M | ﹤0.01% |
77,600
-27,100
| -26% | -$825K |
|
1936
Stepan Co
SCL
$1.09B
| $2.36M | ﹤0.01% |
43,600
-7,590
| -15% | -$411K |
|
|
AFMD
1937
DELISTED
Affimed
AFMD
| $2.36M | ﹤0.01% |
17,500
| – | – |
|
|
IRC
1938
DELISTED
INLAND REAL ESTATE CORP
IRC
| $2.36M | ﹤0.01% |
250,194
-38,200
| -13% | -$360K |
|
1939
Sonida Senior Living
SNDA
$500M
| $2.36M | ﹤0.01% |
6,409
-280
| -4% | -$103K |
|
|
ACET
1940
DELISTED
Aceto Corp
ACET
| $2.35M | ﹤0.01% |
95,400
-34,904
| -27% | -$860K |
|
1941
Comstock Resources
CRK
$4.67B
| $2.35M | ﹤0.01% |
140,991
+31,300
| +29% | +$521K |
|
|
ARRY
1942
DELISTED
Array Biopharma Inc
ARRY
| $2.35M | ﹤0.01% |
325,500
| – | – |
|
1943
Patrick Industries
PATK
$3.67B
| $2.35M | ﹤0.01% |
138,713
| – | – |
|
1944
Kelly Services Class A
KELYA
$481M
| $2.35M | ﹤0.01% |
152,800
-10,800
| -7% | -$166K |
|
1945
NVE Corp
NVEC
$328M
| $2.34M | ﹤0.01% |
29,900
-300
| -1% | -$23.5K |
|
|
EGOV
1946
DELISTED
NIC Inc
EGOV
| $2.34M | ﹤0.01% |
128,142
+100
| +0.1% | +$1.83K |
|
1947
WesBanco
WSBC
$3.03B
| $2.33M | ﹤0.01% |
68,358
+12,258
| +22% | +$417K |
|
|
FRGI
1948
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $2.33M | ﹤0.01% |
46,500
-37,343
| -45% | -$1.87M |
|
1949
Biglari Holdings Class B
BH
$943M
| $2.32M | ﹤0.01% |
8,417
-2,283
| -21% | -$630K |
|
|
KYTH
1950
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $2.32M | ﹤0.01% |
30,800
| – | – |
|