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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 3 |
JOBS
51job, Inc.
JOBS
|
+$26.8M |
| 4 |
Intel
INTC
|
+$24.2M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$22.7M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
+$312M |
| 2 |
Amazon
AMZN
|
+$153M |
| 3 |
Johnson & Johnson
JNJ
|
+$75.8M |
| 4 |
Microsoft
MSFT
|
+$69.7M |
| 5 |
Honeywell
HON
|
+$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.58% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1951
B&G Foods
BGS
$360M
| $1.8M | ﹤0.01% |
75,918
-3,100
| -4% | -$73.5K |
|
1952
LeMaitre Vascular
LMAT
$2.09B
| $1.8M | ﹤0.01% |
49,641
| – | – |
|
|
MNR
1953
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.79M | ﹤0.01% |
119,305
-21,519
| -15% | -$324K |
|
1954
Matrix Service
MTRX
$353M
| $1.79M | ﹤0.01% |
130,513
-30,993
| -19% | -$425K |
|
|
RSO
1955
DELISTED
Resource Capital Corp.
RSO
| $1.79M | ﹤0.01% |
187,914
-61,689
| -25% | -$587K |
|
1956
Rush Enterprises Class A
RUSHA
$4.33B
| $1.79M | ﹤0.01% |
94,534
+14,378
| +18% | +$271K |
|
1957
Zumiez
ZUMZ
$347M
| $1.79M | ﹤0.01% |
74,679
-25,190
| -25% | -$602K |
|
|
CARO
1958
DELISTED
Carolina Financial Corp.
CARO
| $1.79M | ﹤0.01% |
45,440
-4,394
| -9% | -$173K |
|
1959
Archrock
AROC
$4.29B
| $1.78M | ﹤0.01% |
203,834
-11,047
| -5% | -$96.7K |
|
|
ACOR
1960
DELISTED
Acorda Therapeutics, Inc.
ACOR
| $1.78M | ﹤0.01% |
628
+58
| +10% | +$165K |
|
1961
Theravance Biopharma
TBPH
$720M
| $1.78M | ﹤0.01% |
73,400
-3,600
| -5% | -$87.3K |
|
|
BKS
1962
DELISTED
Barnes & Noble
BKS
| $1.77M | ﹤0.01% |
358,306
-47,250
| -12% | -$234K |
|
1963
Teekay
TK
$722M
| $1.77M | ﹤0.01% |
218,979
-49,626
| -18% | -$402K |
|
|
ATRS
1964
DELISTED
Antares Pharma, Inc.
ATRS
| $1.77M | ﹤0.01% |
805,200
| – | – |
|
|
TVRD
1965
Tvardi Therapeutics, Inc. Common Stock
TVRD
$318M
| $1.76M | ﹤0.01% |
3,958
| – | – |
|
1966
Monarch Casino & Resort
MCRI
$1.9B
| $1.76M | ﹤0.01% |
41,537
-2,139
| -5% | -$90.5K |
|
|
IPHS
1967
DELISTED
Innophos Holdings, Inc.
IPHS
| $1.76M | ﹤0.01% |
43,662
-8,546
| -16% | -$344K |
|
|
SBR
1968
Sabine Royalty Trust
SBR
$1.12B
| $1.76M | ﹤0.01% |
39,942
+2,422
| +6% | +$106K |
|
|
CAI
1969
DELISTED
CAI International, Inc.
CAI
| $1.76M | ﹤0.01% |
82,567
-26,023
| -24% | -$553K |
|
1970
Mercantile Bank Corp
MBWM
$775M
| $1.75M | ﹤0.01% |
52,764
-4,291
| -8% | -$143K |
|
|
AERI
1971
DELISTED
Aerie Pharmaceuticals, Inc.
AERI
| $1.75M | ﹤0.01% |
+32,200
| New | +$1.75M |
|
|
ESND
1972
DELISTED
Essendant Inc.
ESND
| $1.74M | ﹤0.01% |
222,655
-34,305
| -13% | -$268K |
|
1973
First Hawaiian
FHB
$3.19B
| $1.74M | ﹤0.01% |
62,356
-20,897
| -25% | -$581K |
|
1974
MakeMyTrip
MMYT
$9.31B
| $1.74M | ﹤0.01% |
+50,000
| New | +$1.74M |
|
|
BMTC
1975
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.74M | ﹤0.01% |
39,483
+8,451
| +27% | +$371K |
|