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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1926
Red Rock Resorts
RRR
$3.65B
| $1.59M | ﹤0.01% |
145,604
-11,255
| -7% | -$123K |
|
|
PETQ
1927
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $1.59M | ﹤0.01% |
45,486
+5,186
| +13% | +$181K |
|
1928
Assembly Biosciences
ASMB
$168M
| $1.58M | ﹤0.01% |
5,658
+1,663
| +42% | +$465K |
|
1929
Atlanta Braves Holdings Series B
BATRK
$2.64B
| $1.58M | ﹤0.01% |
80,166
| – | – |
|
1930
Cohu
COHU
$964M
| $1.58M | ﹤0.01% |
91,255
+13,480
| +17% | +$234K |
|
1931
Newmark Group
NMRK
$3.41B
| $1.58M | ﹤0.01% |
325,612
+1,277
| +0.4% | +$6.2K |
|
|
AIFU
1932
AIFU Inc. Class A Ordinary Share
AIFU
$82.6M
| $1.58M | ﹤0.01% |
3,951
-812
| -17% | -$325K |
|
1933
Rocket Pharmaceuticals
RCKT
$341M
| $1.58M | ﹤0.01% |
75,334
+7,592
| +11% | +$159K |
|
1934
PetMed Express
PETS
$57.8M
| $1.57M | ﹤0.01% |
44,026
+414
| +0.9% | +$14.8K |
|
1935
AAR Corp
AIR
$2.67B
| $1.56M | ﹤0.01% |
75,559
+1,389
| +2% | +$28.7K |
|
1936
Omeros
OMER
$282M
| $1.56M | ﹤0.01% |
106,100
+7,900
| +8% | +$116K |
|
1937
Artivion
AORT
$1.92B
| $1.56M | ﹤0.01% |
81,298
+180
| +0.2% | +$3.45K |
|
1938
Cue Biopharma
CUE
$57M
| $1.55M | ﹤0.01% |
63,388
+49,388
| +353% | +$1.21M |
|
1939
nLIGHT
LASR
$1.43B
| $1.55M | ﹤0.01% |
69,800
+2,400
| +4% | +$53.4K |
|
1940
TechTarget
TTGT
$427M
| $1.55M | ﹤0.01% |
51,734
+1,152
| +2% | +$34.6K |
|
1941
Invesco Mortgage Capital
IVR
$502M
| $1.55M | ﹤0.01% |
41,524
+7,741
| +23% | +$290K |
|
1942
TFS Financial
TFSL
$3.75B
| $1.55M | ﹤0.01% |
108,541
-3,516
| -3% | -$50.3K |
|
1943
Criteo
CRTO
$1.15B
| $1.55M | ﹤0.01% |
136,178
-277
| -0.2% | -$3.16K |
|
1944
DLH Holdings
DLHC
$79.1M
| $1.55M | ﹤0.01% |
210,554
| – | – |
|
1945
Viper Energy
VNOM
$6.51B
| $1.55M | ﹤0.01% |
149,108
+6,266
| +4% | +$64.9K |
|
1946
Argan
AGX
$3.18B
| $1.54M | ﹤0.01% |
32,571
+3,400
| +12% | +$161K |
|
1947
Tactile Systems Technology
TCMD
$301M
| $1.54M | ﹤0.01% |
37,200
-3,706
| -9% | -$154K |
|
1948
RadNet
RDNT
$5.69B
| $1.53M | ﹤0.01% |
96,311
+2,824
| +3% | +$44.8K |
|
1949
Kosmos Energy
KOS
$799M
| $1.53M | ﹤0.01% |
918,909
+90,680
| +11% | +$150K |
|
1950
ArcBest
ARCB
$1.6B
| $1.52M | ﹤0.01% |
57,447
-91
| -0.2% | -$2.41K |
|