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 | |
|---|---|---|---|---|---|---|
1976
Unisys
UIS
$282M
| $2.18M | ﹤0.01% |
183,964
-19,400
| -10% | -$230K |
|
1977
The Greenbrier Companies
GBX
$1.42B
| $2.18M | ﹤0.01% |
67,200
-8,252
| -11% | -$268K |
|
1978
DMC Global
BOOM
$145M
| $2.18M | ﹤0.01% |
48,473
-7,700
| -14% | -$346K |
|
|
NSTG
1979
DELISTED
NanoString Technologies, Inc.
NSTG
| $2.16M | ﹤0.01% |
77,762
-5,581
| -7% | -$155K |
|
|
DCOM
1980
DELISTED
Dime Community Bancshares
DCOM
| $2.16M | ﹤0.01% |
103,532
-5,422
| -5% | -$113K |
|
1981
Standex International
SXI
$2.47B
| $2.16M | ﹤0.01% |
27,188
-1,837
| -6% | -$146K |
|
|
PS
1982
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $2.16M | ﹤0.01% |
125,349
+9,466
| +8% | +$163K |
|
1983
Virtus Investment Partners
VRTS
$1.34B
| $2.16M | ﹤0.01% |
17,711
+800
| +5% | +$97.4K |
|
1984
Conduent
CNDT
$445M
| $2.15M | ﹤0.01% |
346,600
+25,808
| +8% | +$160K |
|
|
LX
1985
LexinFintech Holdings
LX
$961M
| $2.14M | ﹤0.01% |
154,032
+9,886
| +7% | +$137K |
|
|
NPKI
1986
NPK International Inc.
NPKI
$889M
| $2.14M | ﹤0.01% |
340,439
+163,562
| +92% | +$1.03M |
|
1987
MYR Group
MYRG
$2.73B
| $2.13M | ﹤0.01% |
65,416
+42,736
| +188% | +$1.39M |
|
|
CISN
1988
DELISTED
Cision Ltd. Ordinary Share
CISN
| $2.13M | ﹤0.01% |
213,550
+24,100
| +13% | +$240K |
|
1989
Gaotu Techedu
GOTU
$901M
| $2.13M | ﹤0.01% |
+97,240
| New | +$2.13M |
|
|
AERI
1990
DELISTED
Aerie Pharmaceuticals, Inc.
AERI
| $2.12M | ﹤0.01% |
87,800
+17,500
| +25% | +$423K |
|
1991
New Mountain Finance
NMFC
$1.11B
| $2.12M | ﹤0.01% |
154,200
+25,800
| +20% | +$355K |
|
1992
America's Car Mart
CRMT
$286M
| $2.11M | ﹤0.01% |
19,279
-6,360
| -25% | -$697K |
|
1993
Stewart Information Services
STC
$2.09B
| $2.11M | ﹤0.01% |
51,768
-3,383
| -6% | -$138K |
|
1994
Children's Place
PLCE
$155M
| $2.1M | ﹤0.01% |
33,643
+1,800
| +6% | +$113K |
|
1995
ProPetro Holding
PUMP
$484M
| $2.1M | ﹤0.01% |
186,613
+20,902
| +13% | +$235K |
|
1996
Par Pacific Holdings
PARR
$1.67B
| $2.1M | ﹤0.01% |
90,151
-353
| -0.4% | -$8.2K |
|
|
APTS
1997
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $2.09M | ﹤0.01% |
157,103
+85,716
| +120% | +$1.14M |
|
|
CARO
1998
DELISTED
Carolina Financial Corp.
CARO
| $2.09M | ﹤0.01% |
48,404
+3,109
| +7% | +$134K |
|
1999
Stock Yards Bancorp
SYBT
$2.27B
| $2.09M | ﹤0.01% |
50,800
+5,805
| +13% | +$238K |
|
2000
Scansource
SCSC
$974M
| $2.08M | ﹤0.01% |
56,414
+3,333
| +6% | +$123K |
|