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 |
Verizon
VZ
|
+$165M |
| 2 |
Oracle
ORCL
|
+$139M |
| 3 |
CME Group
CME
|
+$99.7M |
| 4 |
Gilead Sciences
GILD
|
+$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$192M |
| 5 |
Humana
HUM
|
+$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1926
United Parks & Resorts
PRKS
$2.79B
| $1.16M | ﹤0.01% |
104,940
-49,400
| -32% | -$544K |
|
|
ARR
1927
Armour Residential REIT
ARR
$1.72B
| $1.16M | ﹤0.01% |
26,212
-1,604
| -6% | -$70.7K |
|
1928
Opko Health
OPK
$1.11B
| $1.15M | ﹤0.01% |
860,372
+38,600
| +5% | +$51.7K |
|
1929
Invesco Mortgage Capital
IVR
$502M
| $1.15M | ﹤0.01% |
33,783
+2,507
| +8% | +$85.5K |
|
1930
Cass Information Systems
CASS
$565M
| $1.15M | ﹤0.01% |
32,694
-597
| -2% | -$21K |
|
1931
Cardlytics
CDLX
$59.6M
| $1.15M | ﹤0.01% |
32,739
-28,432
| -46% | -$994K |
|
1932
Trustco Bank Corp NY
TRST
$746M
| $1.14M | ﹤0.01% |
42,298
-12,212
| -22% | -$330K |
|
|
MCHB
1933
Mechanics Bancorp Class A Common Stock
MCHB
$3.03B
| $1.14M | ﹤0.01% |
51,398
-3,646
| -7% | -$81.1K |
|
|
TBI
1934
Trueblue
TBI
$179M
| $1.14M | ﹤0.01% |
89,535
-65,744
| -42% | -$839K |
|
|
NXRT
1935
NexPoint Residential Trust
NXRT
$858M
| $1.14M | ﹤0.01% |
45,048
-50,728
| -53% | -$1.28M |
|
|
CNST
1936
DELISTED
Constellation Pharmaceuticals, Inc.
CNST
| $1.13M | ﹤0.01% |
35,958
+7,900
| +28% | +$248K |
|
1937
CVR Energy
CVI
$3.13B
| $1.13M | ﹤0.01% |
68,280
-19,055
| -22% | -$315K |
|
1938
Orthofix Medical
OFIX
$589M
| $1.13M | ﹤0.01% |
40,213
-1,900
| -5% | -$53.2K |
|
|
IMGN
1939
DELISTED
Immunogen Inc
IMGN
| $1.12M | ﹤0.01% |
329,664
+14,500
| +5% | +$49.4K |
|
|
MDP
1940
DELISTED
Meredith Corporation
MDP
| $1.12M | ﹤0.01% |
92,007
-2,724
| -3% | -$33.3K |
|
1941
NextCure
NXTC
$14.5M
| $1.12M | ﹤0.01% |
2,525
+2,125
| +531% | +$945K |
|
|
TGP
1942
DELISTED
Teekay LNG Partners L.P.
TGP
| $1.12M | ﹤0.01% |
114,651
+1,900
| +2% | +$18.6K |
|
1943
National Beverage
FIZZ
$3.67B
| $1.12M | ﹤0.01% |
52,536
+7,400
| +16% | +$158K |
|
1944
Virtus Investment Partners
VRTS
$1.34B
| $1.12M | ﹤0.01% |
14,703
-3,008
| -17% | -$229K |
|
|
JKS
1945
JinkoSolar
JKS
$1.3B
| $1.12M | ﹤0.01% |
75,217
+1,008
| +1% | +$15K |
|
1946
Quince Therapeutics
QNCX
$85.9M
| $1.11M | ﹤0.01% |
+24,415
| New | +$1.11M |
|
|
LADR
1947
Ladder Capital
LADR
$1.48B
| $1.11M | ﹤0.01% |
234,775
-122,350
| -34% | -$580K |
|
1948
Lantheus
LNTH
$3.6B
| $1.11M | ﹤0.01% |
86,972
-52,240
| -38% | -$667K |
|
1949
BellRing Brands
BRBR
$4.8B
| $1.1M | ﹤0.01% |
+64,648
| New | +$1.1M |
|
1950
Acco Brands
ACCO
$361M
| $1.1M | ﹤0.01% |
218,011
-91,704
| -30% | -$463K |
|