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 |
Walt Disney
DIS
|
+$134M |
| 2 |
PepsiCo
PEP
|
+$132M |
| 3 |
Coca-Cola
KO
|
+$126M |
| 4 |
Procter & Gamble
PG
|
+$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$315M |
| 2 |
Mastercard
MA
|
+$267M |
| 3 |
Apple
AAPL
|
+$221M |
| 4 |
RTN
Raytheon Company
RTN
|
+$149M |
| 5 |
Northrop Grumman
NOC
|
+$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Liberty Latin America Class A
LILA
$1.5B
| $1.46M | ﹤0.01% |
79,946
-2,016
| -2% | -$36.7K |
|
1977
Corcept Therapeutics
CORT
$7.68B
| $1.45M | ﹤0.01% |
123,837
-9,858
| -7% | -$116K |
|
|
HPR
1978
DELISTED
HighPoint Resources Corporation
HPR
| $1.45M | ﹤0.01% |
13,134
-355
| -3% | -$39.2K |
|
|
TIER
1979
DELISTED
TIER REIT, Inc.
TIER
| $1.45M | ﹤0.01% |
50,592
-14,224
| -22% | -$408K |
|
1980
HealthStream
HSTM
$855M
| $1.45M | ﹤0.01% |
51,574
-1,300
| -2% | -$36.5K |
|
1981
American Public Education
APEI
$645M
| $1.45M | ﹤0.01% |
48,008
-4,108
| -8% | -$124K |
|
|
SRCI
1982
DELISTED
SRC Energy Inc
SRCI
| $1.44M | ﹤0.01% |
281,831
-6,500
| -2% | -$33.3K |
|
|
CTRL
1983
DELISTED
Control4 Corporation
CTRL
| $1.44M | ﹤0.01% |
85,081
+32,600
| +62% | +$552K |
|
1984
Modine Manufacturing
MOD
$7.86B
| $1.44M | ﹤0.01% |
103,580
-2,600
| -2% | -$36.1K |
|
|
CLVS
1985
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.44M | ﹤0.01% |
57,900
-1,600
| -3% | -$39.7K |
|
1986
OFG Bancorp
OFG
$1.95B
| $1.43M | ﹤0.01% |
72,319
-24,730
| -25% | -$489K |
|
1987
NVE Corp
NVEC
$328M
| $1.43M | ﹤0.01% |
14,600
+110
| +0.8% | +$10.8K |
|
|
CISN
1988
DELISTED
Cision Ltd. Ordinary Share
CISN
| $1.43M | ﹤0.01% |
103,633
+1,395
| +1% | +$19.2K |
|
1989
Utah Medical Products
UTMD
$200M
| $1.42M | ﹤0.01% |
16,112
| – | – |
|
1990
Horizon Bancorp
HBNC
$833M
| $1.42M | ﹤0.01% |
88,314
+29,263
| +50% | +$471K |
|
1991
Geospace Technologies
GEOS
$209M
| $1.42M | ﹤0.01% |
109,528
-2,043
| -2% | -$26.4K |
|
1992
LeMaitre Vascular
LMAT
$2.09B
| $1.42M | ﹤0.01% |
45,714
-337
| -0.7% | -$10.4K |
|
|
BSTC
1993
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $1.42M | ﹤0.01% |
22,704
+4,551
| +25% | +$284K |
|
|
BPMP
1994
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $1.41M | ﹤0.01% |
97,707
-2,600
| -3% | -$37.6K |
|
|
PFC
1995
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.41M | ﹤0.01% |
49,090
-18,361
| -27% | -$528K |
|
|
CBLK
1996
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $1.41M | ﹤0.01% |
+101,000
| New | +$1.41M |
|
1997
Encore Capital Group
ECPG
$1.02B
| $1.41M | ﹤0.01% |
51,687
-5,275
| -9% | -$144K |
|
|
MRLN
1998
DELISTED
Marlin Business Services Corp
MRLN
| $1.41M | ﹤0.01% |
65,451
-5,414
| -8% | -$116K |
|
1999
A10 Networks
ATEN
$1.26B
| $1.41M | ﹤0.01% |
198,196
| – | – |
|
2000
AdvanSix
ASIX
$576M
| $1.4M | ﹤0.01% |
49,040
-5,254
| -10% | -$150K |
|