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 |
AT&T
T
|
+$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$146M |
| 3 |
PepsiCo
PEP
|
+$65.1M |
| 4 |
Coca-Cola
KO
|
+$62.7M |
| 5 |
Pfizer
PFE
|
+$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$164M |
| 4 |
Microsoft
MSFT
|
+$135M |
| 5 |
Amazon
AMZN
|
+$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
TIER
1976
DELISTED
TIER REIT, Inc.
TIER
| $1.76M | ﹤0.01% |
74,156
-32,729
| -31% | -$778K |
|
|
BRSS
1977
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $1.76M | ﹤0.01% |
56,215
+13,663
| +32% | +$428K |
|
|
AMAG
1978
DELISTED
AMAG Pharmaceuticals, Inc.
AMAG
| $1.76M | ﹤0.01% |
90,252
-6,087
| -6% | -$119K |
|
1979
Regis Corp
RGS
$70.8M
| $1.76M | ﹤0.01% |
5,313
-2,882
| -35% | -$953K |
|
|
CAI
1980
DELISTED
CAI International, Inc.
CAI
| $1.75M | ﹤0.01% |
75,429
-7,138
| -9% | -$166K |
|
|
CADE
1981
DELISTED
Cadence Bancorporation
CADE
| $1.75M | ﹤0.01% |
60,660
+7,994
| +15% | +$231K |
|
1982
Ring Energy
REI
$219M
| $1.75M | ﹤0.01% |
138,700
-26,300
| -16% | -$332K |
|
1983
Seacoast Banking Corp of Florida
SBCF
$2.71B
| $1.75M | ﹤0.01% |
55,375
+4,334
| +8% | +$137K |
|
|
MGP
1984
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $1.75M | ﹤0.01% |
57,378
-6,610
| -10% | -$201K |
|
|
NWHM
1985
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $1.74M | ﹤0.01% |
174,800
| – | – |
|
1986
Arcos Dorados Holdings
ARCO
$1.43B
| $1.74M | ﹤0.01% |
257,541
-85,975
| -25% | -$581K |
|
1987
Atara Biotherapeutics
ATRA
$85.1M
| $1.74M | ﹤0.01% |
1,893
-366
| -16% | -$336K |
|
1988
Ecovyst
ECVT
$1.06B
| $1.74M | ﹤0.01% |
96,566
-3,434
| -3% | -$61.8K |
|
1989
Mercantile Bank Corp
MBWM
$775M
| $1.74M | ﹤0.01% |
47,006
-5,758
| -11% | -$213K |
|
1990
Pacira BioSciences
PCRX
$1.22B
| $1.74M | ﹤0.01% |
54,200
-10,800
| -17% | -$346K |
|
1991
Standard Motor Products
SMP
$889M
| $1.73M | ﹤0.01% |
35,879
+2,119
| +6% | +$102K |
|
1992
Lesaka Technologies
LSAK
$362M
| $1.73M | ﹤0.01% |
190,889
-46,365
| -20% | -$421K |
|
1993
OFG Bancorp
OFG
$1.95B
| $1.73M | ﹤0.01% |
123,378
-72,192
| -37% | -$1.01M |
|
1994
Quad
QUAD
$333M
| $1.73M | ﹤0.01% |
83,221
-15,595
| -16% | -$325K |
|
|
VRTV
1995
DELISTED
VERITIV CORPORATION
VRTV
| $1.72M | ﹤0.01% |
43,259
-26,145
| -38% | -$1.04M |
|
1996
Hooker Furnishings Corp
HOFT
$111M
| $1.72M | ﹤0.01% |
36,740
-1,360
| -4% | -$63.8K |
|
1997
SpartanNash
SPTN
$897M
| $1.72M | ﹤0.01% |
67,291
-12,779
| -16% | -$326K |
|
1998
Thermon Group Holdings
THR
$844M
| $1.71M | ﹤0.01% |
74,961
+19,306
| +35% | +$441K |
|
1999
Travelzoo
TZOO
$105M
| $1.71M | ﹤0.01% |
100,100
| – | – |
|
2000
Applied Optoelectronics
AAOI
$1.69B
| $1.71M | ﹤0.01% |
38,100
-5,835
| -13% | -$262K |
|