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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1926
Black Stone Minerals
BSM
$2.65B
| $2.41M | ﹤0.01% |
189,664
+3,687
| +2% | +$46.9K |
|
|
HUYA
1927
Huya Inc
HUYA
$780M
| $2.41M | ﹤0.01% |
134,335
+16,376
| +14% | +$294K |
|
|
BEST
1928
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $2.41M | ﹤0.01% |
21,679
+1,782
| +9% | +$198K |
|
1929
Fresh Del Monte Produce
FDP
$1.71B
| $2.4M | ﹤0.01% |
68,723
+11,179
| +19% | +$391K |
|
1930
Bandwidth Inc
BAND
$495M
| $2.4M | ﹤0.01% |
37,476
-2,291
| -6% | -$147K |
|
1931
Westlake Chemical Partners
WLKP
$763M
| $2.4M | ﹤0.01% |
90,834
-19,800
| -18% | -$523K |
|
|
AKS
1932
DELISTED
AK Steel Holding Corp.
AKS
| $2.4M | ﹤0.01% |
728,106
+42,467
| +6% | +$140K |
|
1933
Adeia
ADEA
$1.71B
| $2.39M | ﹤0.01% |
487,987
-4,097
| -0.8% | -$20K |
|
1934
Canadian Solar
CSIQ
$729M
| $2.39M | ﹤0.01% |
108,036
-461
| -0.4% | -$10.2K |
|
|
HEP
1935
DELISTED
Holly Energy Partners, L.P.
HEP
| $2.38M | ﹤0.01% |
107,425
-1,489
| -1% | -$33K |
|
|
LGF.B
1936
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $2.37M | ﹤0.01% |
238,236
+44,000
| +23% | +$437K |
|
1937
Trustco Bank Corp NY
TRST
$746M
| $2.36M | ﹤0.01% |
54,510
+8,401
| +18% | +$364K |
|
|
SRCI
1938
DELISTED
SRC Energy Inc
SRCI
| $2.36M | ﹤0.01% |
573,639
+38,545
| +7% | +$159K |
|
|
TRTX
1939
TPG RE Finance Trust
TRTX
$742M
| $2.36M | ﹤0.01% |
116,178
+13,400
| +13% | +$272K |
|
1940
Amphastar Pharmaceuticals
AMPH
$1.3B
| $2.35M | ﹤0.01% |
121,702
+13,441
| +12% | +$259K |
|
1941
HealthStream
HSTM
$855M
| $2.35M | ﹤0.01% |
86,220
+34,502
| +67% | +$938K |
|
1942
TFS Financial
TFSL
$3.75B
| $2.34M | ﹤0.01% |
118,757
-22,066
| -16% | -$434K |
|
1943
Marcus Corp
MCS
$504M
| $2.33M | ﹤0.01% |
73,448
+33,711
| +85% | +$1.07M |
|
|
BRSP
1944
BrightSpire Capital
BRSP
$764M
| $2.33M | ﹤0.01% |
176,915
+27,200
| +18% | +$358K |
|
|
HEES
1945
DELISTED
H&E Equipment Services
HEES
| $2.33M | ﹤0.01% |
69,545
+5,729
| +9% | +$192K |
|
1946
Chord Energy
CHRD
$5.96B
| $2.32M | ﹤0.01% |
711,357
+111,407
| +19% | +$363K |
|
|
ATNX
1947
DELISTED
Athenex, Inc. Common Stock
ATNX
| $2.31M | ﹤0.01% |
7,562
+1,903
| +34% | +$581K |
|
1948
The Bancorp
TBBK
$3.5B
| $2.31M | ﹤0.01% |
177,691
+99,307
| +127% | +$1.29M |
|
|
GPMT
1949
Granite Point Mortgage Trust
GPMT
$142M
| $2.3M | ﹤0.01% |
125,242
+15,014
| +14% | +$276K |
|
|
TIVO
1950
DELISTED
Tivo Inc
TIVO
| $2.3M | ﹤0.01% |
271,486
+9,667
| +4% | +$82K |
|