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 | |
|---|---|---|---|---|---|---|
1951
Interface
TILE
$1.66B
| $2.28M | ﹤0.01% |
137,645
-14,217
| -9% | -$236K |
|
1952
National Research Corp
NRC
$369M
| $2.28M | ﹤0.01% |
34,581
-9,032
| -21% | -$595K |
|
1953
CrowdStrike
CRWD
$109B
| $2.28M | ﹤0.01% |
45,689
+7,000
| +18% | +$349K |
|
1954
CTS Corp
CTS
$1.23B
| $2.28M | ﹤0.01% |
75,883
+1,300
| +2% | +$39K |
|
|
MODN
1955
DELISTED
MODEL N, INC.
MODN
| $2.28M | ﹤0.01% |
64,921
+4,825
| +8% | +$169K |
|
1956
United Fire Group
UFCS
$807M
| $2.27M | ﹤0.01% |
51,957
-12,378
| -19% | -$541K |
|
1957
PJT Partners
PJT
$4.47B
| $2.27M | ﹤0.01% |
50,195
-1,466
| -3% | -$66.2K |
|
1958
Nabors Industries
NBR
$617M
| $2.26M | ﹤0.01% |
15,708
+2,451
| +18% | +$353K |
|
1959
Bilibili
BILI
$10.5B
| $2.26M | ﹤0.01% |
121,352
+21,473
| +21% | +$400K |
|
1960
Malibu Boats
MBUU
$629M
| $2.25M | ﹤0.01% |
55,038
+2,100
| +4% | +$86K |
|
|
DCPH
1961
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $2.25M | ﹤0.01% |
36,115
+27,458
| +317% | +$1.71M |
|
1962
Mesa Laboratories
MLAB
$339M
| $2.25M | ﹤0.01% |
9,010
-1,117
| -11% | -$279K |
|
|
SP
1963
DELISTED
SP Plus Corporation
SP
| $2.25M | ﹤0.01% |
52,967
-6,245
| -11% | -$265K |
|
1964
Travelzoo
TZOO
$105M
| $2.25M | ﹤0.01% |
209,900
| – | – |
|
1965
Artivion
AORT
$1.92B
| $2.24M | ﹤0.01% |
82,718
+10,700
| +15% | +$290K |
|
1966
Clarivate
CLVT
$2.88B
| $2.24M | ﹤0.01% |
133,175
+29,020
| +28% | +$487K |
|
1967
Seaboard Corp
SEB
$3.78B
| $2.23M | ﹤0.01% |
525
-84
| -14% | -$357K |
|
1968
PDF Solutions
PDFS
$765M
| $2.22M | ﹤0.01% |
131,450
-30,732
| -19% | -$519K |
|
1969
Ambac
AMBC
$413M
| $2.22M | ﹤0.01% |
102,893
-1,335
| -1% | -$28.8K |
|
1970
Lindsay Corp
LNN
$1.52B
| $2.22M | ﹤0.01% |
23,100
+2,800
| +14% | +$269K |
|
|
MSGN
1971
DELISTED
MSG Networks Inc.
MSGN
| $2.21M | ﹤0.01% |
126,894
+6,005
| +5% | +$104K |
|
|
QIWI
1972
DELISTED
QIWI PLC
QIWI
| $2.21M | ﹤0.01% |
114,066
-5,628
| -5% | -$109K |
|
1973
Primoris Services
PRIM
$6.59B
| $2.21M | ﹤0.01% |
99,192
-10,158
| -9% | -$226K |
|
|
RVI
1974
DELISTED
Retail Value Inc. Common Shares
RVI
| $2.19M | ﹤0.01% |
648,762
+280,738
| +76% | +$948K |
|
1975
Heritage Insurance Holdings
HRTG
$763M
| $2.19M | ﹤0.01% |
164,960
+151,994
| +1,172% | +$2.01M |
|