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 |
Kraft Heinz
KHC
|
+$103M |
| 2 |
NETSCOUT
NTCT
|
+$102M |
| 3 |
PayPal
PYPL
|
+$87.9M |
| 4 |
AT&T
T
|
+$53.9M |
| 5 |
Alibaba
BABA
|
+$49.9M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
+$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$129M |
| 4 |
eBay
EBAY
|
+$105M |
| 5 |
Apple
AAPL
|
+$56.2M |
Sector Composition
| 1 | Financials | 16.47% |
| 2 | Technology | 14.3% |
| 3 | Healthcare | 14.2% |
| 4 | Industrials | 10.8% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Entravision Communication
EVC
$226M
| $1.9M | ﹤0.01% |
286,700
+64,835
| +29% | +$431K |
|
1952
Biglari Holdings Class B
BH
$943M
| $1.9M | ﹤0.01% |
7,800
-617
| -7% | -$150K |
|
|
RAS
1953
DELISTED
RAIT Financial Trust
RAS
| $1.9M | ﹤0.01% |
382,300
-8,200
| -2% | -$40.7K |
|
|
HMSY
1954
DELISTED
HMS Holdings Corp.
HMSY
| $1.89M | ﹤0.01% |
216,000
-7,300
| -3% | -$64K |
|
1955
AMN Healthcare
AMN
$699M
| $1.89M | ﹤0.01% |
62,900
+6,200
| +11% | +$186K |
|
|
BNCN
1956
DELISTED
BNC Bancorp
BNCN
| $1.88M | ﹤0.01% |
84,619
+30,099
| +55% | +$669K |
|
|
CIO
1957
City Office REIT
CIO
$280M
| $1.87M | ﹤0.01% |
165,000
| – | – |
|
|
IPCC
1958
DELISTED
Infinity Property & Casualty C
IPCC
| $1.87M | ﹤0.01% |
23,200
-12,400
| -35% | -$999K |
|
|
UAM
1959
DELISTED
Universal American Corp
UAM
| $1.87M | ﹤0.01% |
273,200
-65,700
| -19% | -$449K |
|
1960
TG Therapeutics
TGTX
$5.1B
| $1.87M | ﹤0.01% |
185,200
| – | – |
|
|
IVC
1961
DELISTED
Invacare Corporation
IVC
| $1.86M | ﹤0.01% |
128,828
-26,000
| -17% | -$376K |
|
|
CORE
1962
DELISTED
Core Mark Holding Co., Inc.
CORE
| $1.86M | ﹤0.01% |
56,800
+12,200
| +27% | +$399K |
|
|
AVX
1963
DELISTED
AVX Corporation
AVX
| $1.86M | ﹤0.01% |
141,900
-18,800
| -12% | -$246K |
|
1964
Tennant Co
TNC
$1.5B
| $1.85M | ﹤0.01% |
33,000
-1,000
| -3% | -$56.2K |
|
1965
Chart Industries
GTLS
$8.95B
| $1.85M | ﹤0.01% |
96,400
-3,300
| -3% | -$63.4K |
|
1966
Usana Health Sciences
USNA
$557M
| $1.85M | ﹤0.01% |
27,600
-600
| -2% | -$40.2K |
|
|
WW
1967
DELISTED
WW International
WW
| $1.85M | ﹤0.01% |
289,671
+76,700
| +36% | +$489K |
|
|
CMLP
1968
DELISTED
CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE)
CMLP
| $1.85M | ﹤0.01% |
299,100
-23,220
| -7% | -$143K |
|
|
TFM
1969
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $1.85M | ﹤0.01% |
81,700
-8,200
| -9% | -$185K |
|
1970
Quad
QUAD
$333M
| $1.84M | ﹤0.01% |
152,300
+11,000
| +8% | +$133K |
|
|
ADPT
1971
DELISTED
Adeptus Health Inc.
ADPT
| $1.83M | ﹤0.01% |
22,700
+1,600
| +8% | +$129K |
|
|
TPC
1972
Tutor Perini Corporation
TPC
$3.37B
| $1.83M | ﹤0.01% |
111,100
+7,700
| +7% | +$127K |
|
|
CHMI
1973
Cherry Hill Mortgage Investment Corp
CHMI
$107M
| $1.83M | ﹤0.01% |
120,000
| – | – |
|
1974
Mercury Systems
MRCY
$4.34B
| $1.83M | ﹤0.01% |
114,696
-1,200
| -1% | -$19.1K |
|
|
TGP
1975
DELISTED
Teekay LNG Partners L.P.
TGP
| $1.82M | ﹤0.01% |
76,100
| – | – |
|