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 |
Walt Disney
DIS
|
+$134M |
| 2 |
PepsiCo
PEP
|
+$132M |
| 3 |
Coca-Cola
KO
|
+$126M |
| 4 |
Procter & Gamble
PG
|
+$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$315M |
| 2 |
Mastercard
MA
|
+$267M |
| 3 |
Apple
AAPL
|
+$221M |
| 4 |
RTN
Raytheon Company
RTN
|
+$149M |
| 5 |
Northrop Grumman
NOC
|
+$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
JOBS
1926
DELISTED
51job, Inc.
JOBS
| $1.57M | ﹤0.01% |
20,121
-9,490
| -32% | -$739K |
|
1927
Laureate Education
LAUR
$4.33B
| $1.56M | ﹤0.01% |
104,415
-6,250
| -6% | -$93.6K |
|
1928
United Natural Foods
UNFI
$1.77B
| $1.56M | ﹤0.01% |
118,115
-9,983
| -8% | -$132K |
|
|
TA
1929
DELISTED
TravelCenters of America LLC
TA
| $1.56M | ﹤0.01% |
75,886
-4,498
| -6% | -$92.4K |
|
1930
OneSpan
OSPN
$588M
| $1.56M | ﹤0.01% |
80,882
| – | – |
|
1931
BlackRock TCP Capital
TCPC
$605M
| $1.55M | ﹤0.01% |
109,600
+20,400
| +23% | +$289K |
|
1932
Twin Disc
TWIN
$190M
| $1.55M | ﹤0.01% |
92,946
+49,900
| +116% | +$831K |
|
|
ODT
1933
DELISTED
Odonate Therapeutics, Inc. Common Stock
ODT
| $1.55M | ﹤0.01% |
+70,000
| New | +$1.55M |
|
|
SMC
1934
Summit Midstream Corporation
SMC
$286M
| $1.55M | ﹤0.01% |
+10,583
| New | +$1.55M |
|
1935
Light & Wonder
LNW
$7.48B
| $1.54M | ﹤0.01% |
75,570
-1,800
| -2% | -$36.8K |
|
1936
Walker & Dunlop
WD
$2.93B
| $1.54M | ﹤0.01% |
30,282
+5,456
| +22% | +$278K |
|
1937
Cibus
CBUS
$71.5M
| $1.54M | ﹤0.01% |
1,752
+1,518
| +649% | +$1.34M |
|
1938
Ceco Environmental
CECO
$1.7B
| $1.54M | ﹤0.01% |
213,864
-7,507
| -3% | -$54.1K |
|
1939
Virtu Financial
VIRT
$3.1B
| $1.53M | ﹤0.01% |
64,561
+2,229
| +4% | +$52.9K |
|
|
PPBI
1940
DELISTED
Pacific Premier Bancorp
PPBI
| $1.52M | ﹤0.01% |
57,278
-5,180
| -8% | -$137K |
|
|
QADA
1941
DELISTED
QAD Inc.
QADA
| $1.52M | ﹤0.01% |
35,245
+7,301
| +26% | +$314K |
|
1942
Golub Capital BDC
GBDC
$3.93B
| $1.52M | ﹤0.01% |
86,608
-2,144
| -2% | -$37.6K |
|
1943
Marten Transport
MRTN
$953M
| $1.51M | ﹤0.01% |
127,221
-12,627
| -9% | -$150K |
|
|
LABL
1944
DELISTED
Multi-Color Corp
LABL
| $1.51M | ﹤0.01% |
30,285
+8,185
| +37% | +$408K |
|
1945
Compass Diversified
CODI
$527M
| $1.51M | ﹤0.01% |
96,247
-2,400
| -2% | -$37.7K |
|
1946
Clearway Energy Class C
CWEN
$3.39B
| $1.51M | ﹤0.01% |
99,734
-2,300
| -2% | -$34.8K |
|
1947
Douglas Dynamics
PLOW
$752M
| $1.51M | ﹤0.01% |
39,583
-3,107
| -7% | -$118K |
|
1948
Cerus
CERS
$236M
| $1.51M | ﹤0.01% |
241,672
-30,309
| -11% | -$189K |
|
1949
B&G Foods
BGS
$360M
| $1.51M | ﹤0.01% |
61,626
-800
| -1% | -$19.5K |
|
1950
GDS Holdings
GDS
$7.32B
| $1.5M | ﹤0.01% |
42,115
-18,324
| -30% | -$654K |
|