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 |
YHOO
Yahoo Inc
YHOO
|
+$84.3M |
| 2 |
Zoetis
ZTS
|
+$65.3M |
| 3 |
Yum! Brands
YUM
|
+$53.2M |
| 4 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$45.7M |
| 5 |
Zimmer Biomet
ZBH
|
+$40.6M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$122M |
| 2 |
Apple
AAPL
|
+$61.9M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
+$57.7M |
| 4 |
STJ
St Jude Medical
STJ
|
+$53.3M |
| 5 |
Microsoft
MSFT
|
+$51.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 15.06% |
| 3 | Healthcare | 12.81% |
| 4 | Industrials | 10.76% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Standard Motor Products
SMP
$889M
| $1.71M | ﹤0.01% |
34,700
-1,200
| -3% | -$59K |
|
1977
Ingles Markets
IMKTA
$1.32B
| $1.7M | ﹤0.01% |
39,500
+5,500
| +16% | +$237K |
|
1978
Cavco Industries
CVCO
$4.32B
| $1.7M | ﹤0.01% |
14,600
-600
| -4% | -$69.8K |
|
|
TBHC
1979
The Brand House Collective, Inc. Common Stock
TBHC
$53.2M
| $1.7M | ﹤0.01% |
136,900
+6,600
| +5% | +$81.9K |
|
1980
Lattice Semiconductor
LSCC
$8.82B
| $1.7M | ﹤0.01% |
245,400
-10,600
| -4% | -$73.3K |
|
1981
OraSure Technologies
OSUR
$242M
| $1.69M | ﹤0.01% |
131,000
-10,600
| -7% | -$137K |
|
1982
Scorpio Tankers
STNG
$2.99B
| $1.69M | ﹤0.01% |
38,120
+1,870
| +5% | +$83.1K |
|
1983
Rush Enterprises Class A
RUSHA
$4.33B
| $1.69M | ﹤0.01% |
114,975
-11,700
| -9% | -$172K |
|
1984
UNIFI
UFI
$82.8M
| $1.69M | ﹤0.01% |
59,500
-2,600
| -4% | -$73.8K |
|
1985
Biglari Holdings Class B
BH
$943M
| $1.69M | ﹤0.01% |
5,850
-300
| -5% | -$86.4K |
|
|
DYN
1986
DELISTED
Dynegy, Inc.
DYN
| $1.69M | ﹤0.01% |
214,319
+21,800
| +11% | +$171K |
|
1987
Intrepid Potash
IPI
$389M
| $1.68M | ﹤0.01% |
97,450
+9,610
| +11% | +$165K |
|
1988
Matrix Service
MTRX
$353M
| $1.68M | ﹤0.01% |
101,500
+12,800
| +14% | +$211K |
|
|
TERP
1989
DELISTED
TerraForm Power, Inc
TERP
| $1.67M | ﹤0.01% |
135,300
-3,400
| -2% | -$42.1K |
|
1990
Spok Holdings
SPOK
$360M
| $1.66M | ﹤0.01% |
87,600
-2,100
| -2% | -$39.9K |
|
|
EPAY
1991
DELISTED
Bottomline Technologies Inc
EPAY
| $1.66M | ﹤0.01% |
70,300
+600
| +0.9% | +$14.2K |
|
|
AVX
1992
DELISTED
AVX Corporation
AVX
| $1.66M | ﹤0.01% |
101,400
-4,100
| -4% | -$67.2K |
|
|
LCI
1993
DELISTED
Lannett Company, Inc.
LCI
| $1.65M | ﹤0.01% |
18,500
-800
| -4% | -$71.5K |
|
|
CONN
1994
DELISTED
Conn's Inc.
CONN
| $1.65M | ﹤0.01% |
188,300
+41,100
| +28% | +$360K |
|
1995
Lexicon Pharmaceuticals
LXRX
$418M
| $1.64M | ﹤0.01% |
114,556
-10,300
| -8% | -$148K |
|
1996
Mercantile Bank Corp
MBWM
$775M
| $1.64M | ﹤0.01% |
47,700
+3,900
| +9% | +$134K |
|
1997
Vishay Precision Group
VPG
$416M
| $1.64M | ﹤0.01% |
103,700
| – | – |
|
|
AHH
1998
Armada Hoffler Properties
AHH
$596M
| $1.64M | ﹤0.01% |
117,800
+400
| +0.3% | +$5.56K |
|
|
MCF
1999
DELISTED
Contango Oil & Gas Co.
MCF
| $1.64M | ﹤0.01% |
223,552
-1,300
| -0.6% | -$9.51K |
|
|
UHT
2000
Universal Health Realty Income Trust
UHT
$575M
| $1.63M | ﹤0.01% |
25,255
-1,400
| -5% | -$90.3K |
|