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 |
Walmart
WMT
|
+$250M |
| 2 |
Target
TGT
|
+$142M |
| 3 |
Abbott
ABT
|
+$113M |
| 4 |
Verizon
VZ
|
+$87.4M |
| 5 |
NetEase
NTES
|
+$77.2M |
Top Sells
| 1 |
Alibaba
BABA
|
+$930M |
| 2 |
Apple
AAPL
|
+$258M |
| 3 |
Ross Stores
ROST
|
+$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$117M |
| 5 |
NVR
NVR
|
+$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1976
PAR Technology
PAR
$1.79B
| $2.14M | ﹤0.01% |
32,700
-4,095
| -11% | -$268K |
|
|
NVEE
1977
DELISTED
NV5 Global
NVEE
| $2.13M | ﹤0.01% |
88,400
-8,384
| -9% | -$202K |
|
1978
Clearway Energy Class A
CWEN.A
$3.21B
| $2.13M | ﹤0.01% |
80,232
-9,941
| -11% | -$264K |
|
1979
Dynavax Technologies
DVAX
$1.1B
| $2.12M | ﹤0.01% |
216,100
-19,842
| -8% | -$195K |
|
|
VVNT
1980
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $2.12M | ﹤0.01% |
148,200
-16,312
| -10% | -$234K |
|
1981
Transmedics
TMDX
$3.91B
| $2.12M | ﹤0.01% |
51,100
| – | – |
|
1982
Krystal Biotech
KRYS
$4.16B
| $2.12M | ﹤0.01% |
27,500
| – | – |
|
1983
Stock Yards Bancorp
SYBT
$2.27B
| $2.12M | ﹤0.01% |
41,500
-3,750
| -8% | -$191K |
|
1984
Douglas Dynamics
PLOW
$752M
| $2.11M | ﹤0.01% |
45,800
-4,145
| -8% | -$191K |
|
1985
Extreme Networks
EXTR
$2.95B
| $2.11M | ﹤0.01% |
241,100
-23,442
| -9% | -$205K |
|
|
DOYU
1986
DouYu International Holdings
DOYU
$231M
| $2.09M | ﹤0.01% |
20,113
-1,305
| -6% | -$136K |
|
1987
Madrigal Pharmaceuticals
MDGL
$9.63B
| $2.09M | ﹤0.01% |
17,900
| – | – |
|
1988
MarineMax
HZO
$556M
| $2.09M | ﹤0.01% |
42,400
-7,285
| -15% | -$360K |
|
1989
Levi Strauss
LEVI
$8.67B
| $2.09M | ﹤0.01% |
87,300
-8,027
| -8% | -$192K |
|
|
CDMO
1990
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $2.08M | ﹤0.01% |
114,300
-10,636
| -9% | -$194K |
|
1991
Guess, Inc.
GES
$869M
| $2.08M | ﹤0.01% |
88,600
-12,047
| -12% | -$283K |
|
1992
Jamf
JAMF
$1.41B
| $2.08M | ﹤0.01% |
58,852
-5,485
| -9% | -$194K |
|
|
MCHB
1993
Mechanics Bancorp Class A Common Stock
MCHB
$3.03B
| $2.07M | ﹤0.01% |
47,000
-6,328
| -12% | -$279K |
|
1994
Heritage Financial
HFWA
$833M
| $2.07M | ﹤0.01% |
73,300
-6,779
| -8% | -$191K |
|
1995
Archrock
AROC
$4.29B
| $2.06M | ﹤0.01% |
217,049
-58,364
| -21% | -$554K |
|
|
AIV
1996
Aimco
AIV
$1.07B
| $2.06M | ﹤0.01% |
335,398
-33,939
| -9% | -$208K |
|
1997
Genesis Energy
GEL
$2.03B
| $2.06M | ﹤0.01% |
220,100
-32,486
| -13% | -$303K |
|
1998
Veeco
VECO
$1.52B
| $2.06M | ﹤0.01% |
99,100
-9,027
| -8% | -$187K |
|
|
NXGN
1999
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.05M | ﹤0.01% |
113,500
-10,227
| -8% | -$185K |
|
2000
Atara Biotherapeutics
ATRA
$85.1M
| $2.05M | ﹤0.01% |
5,708
-569
| -9% | -$204K |
|