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 | |
|---|---|---|---|---|---|---|
1951
Magnite
MGNI
$3.4B
| $1.52M | ﹤0.01% |
228,014
+120,718
| +113% | +$805K |
|
1952
Rhythm Pharmaceuticals
RYTM
$6.39B
| $1.52M | ﹤0.01% |
68,000
+2,573
| +4% | +$57.4K |
|
1953
Columbia Financial
CLBK
$1.6B
| $1.52M | ﹤0.01% |
108,564
-7,531
| -6% | -$105K |
|
1954
Griffon
GFF
$3.61B
| $1.51M | ﹤0.01% |
81,522
+5,253
| +7% | +$97.3K |
|
1955
Progyny
PGNY
$1.94B
| $1.5M | ﹤0.01% |
58,287
+36,572
| +168% | +$944K |
|
1956
Shutterstock
SSTK
$742M
| $1.5M | ﹤0.01% |
42,933
+500
| +1% | +$17.5K |
|
1957
Ameresco
AMRC
$1.44B
| $1.5M | ﹤0.01% |
54,005
+8,205
| +18% | +$228K |
|
1958
OFG Bancorp
OFG
$1.95B
| $1.5M | ﹤0.01% |
112,065
-1,983
| -2% | -$26.5K |
|
1959
Unitil
UTL
$827M
| $1.5M | ﹤0.01% |
33,423
+308
| +0.9% | +$13.8K |
|
1960
Acco Brands
ACCO
$361M
| $1.5M | ﹤0.01% |
210,557
-7,454
| -3% | -$52.9K |
|
1961
Dine Brands
DIN
$368M
| $1.49M | ﹤0.01% |
35,477
-173
| -0.5% | -$7.29K |
|
1962
ATN International
ATNI
$238M
| $1.49M | ﹤0.01% |
24,642
| – | – |
|
1963
Unisys
UIS
$282M
| $1.49M | ﹤0.01% |
136,867
+23,903
| +21% | +$261K |
|
|
VCRA
1964
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $1.49M | ﹤0.01% |
70,293
+6,793
| +11% | +$144K |
|
1965
Marcus & Millichap
MMI
$1.26B
| $1.49M | ﹤0.01% |
51,535
+300
| +0.6% | +$8.66K |
|
|
HEP
1966
DELISTED
Holly Energy Partners, L.P.
HEP
| $1.49M | ﹤0.01% |
101,825
-500
| -0.5% | -$7.3K |
|
|
CEQP
1967
DELISTED
Crestwood Equity Partners LP
CEQP
| $1.48M | ﹤0.01% |
112,911
+2,961
| +3% | +$38.8K |
|
1968
StealthGas
GASS
$271M
| $1.48M | ﹤0.01% |
531,715
| – | – |
|
1969
WillScot Mobile Mini Holdings
WSC
$4.19B
| $1.48M | ﹤0.01% |
120,197
+3,510
| +3% | +$43.1K |
|
1970
Tronox
TROX
$767M
| $1.47M | ﹤0.01% |
204,034
+505
| +0.2% | +$3.65K |
|
1971
Tanger
SKT
$3.86B
| $1.47M | ﹤0.01% |
206,451
-88
| -0% | -$627 |
|
1972
First Foundation Inc
FFWM
$493M
| $1.47M | ﹤0.01% |
89,890
+17,164
| +24% | +$280K |
|
|
ENLC
1973
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.47M | ﹤0.01% |
600,362
-151,328
| -20% | -$369K |
|
1974
Orion
OEC
$521M
| $1.46M | ﹤0.01% |
137,442
+3,376
| +3% | +$35.8K |
|
1975
Tilray
TLRY
$1.25B
| $1.46M | ﹤0.01% |
204,700
+160,500
| +363% | +$1.14M |
|