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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
JBTM
2001
JBT Marel Corporation
JBTM
$7.14B
| $2.4M | ﹤0.01% |
76,400
| – | – |
|
2002
Rambus
RMBS
$9.26B
| $2.39M | ﹤0.01% |
210,400
| – | – |
|
2003
Select Medical
SEM
$1.55B
| $2.39M | ﹤0.01% |
314,592
+70,157
| +29% | +$534K |
|
|
PSEM
2004
DELISTED
PERICOM SEMICONDUCTOR CP
PSEM
| $2.39M | ﹤0.01% |
171,700
+31,800
| +23% | +$442K |
|
2005
Albany International
AIN
$1.71B
| $2.38M | ﹤0.01% |
67,948
-30,215
| -31% | -$1.06M |
|
2006
Wendy's
WEN
$1.84B
| $2.38M | ﹤0.01% |
225,345
| – | – |
|
|
RATE
2007
DELISTED
Bankrate Inc
RATE
| $2.38M | ﹤0.01% |
180,300
+47,800
| +36% | +$630K |
|
2008
Winnebago Industries
WGO
$949M
| $2.38M | ﹤0.01% |
122,600
-1,400
| -1% | -$27.1K |
|
2009
Meritage Homes
MTH
$5.61B
| $2.37M | ﹤0.01% |
139,600
-17,216
| -11% | -$293K |
|
|
SIRE
2010
DELISTED
Sisecam Resources LP
SIRE
| $2.37M | ﹤0.01% |
90,000
| – | – |
|
|
EMES
2011
DELISTED
Emerge Energy Services LP
EMES
| $2.36M | ﹤0.01% |
42,300
+37,700
| +820% | +$2.11M |
|
2012
NN Inc
NNBR
$117M
| $2.36M | ﹤0.01% |
107,450
+54,300
| +102% | +$1.19M |
|
2013
REX American Resources
REX
$1.01B
| $2.36M | ﹤0.01% |
122,100
-33,600
| -22% | -$650K |
|
2014
Clear Channel Outdoor Holdings
CCO
$651M
| $2.35M | ﹤0.01% |
250,120
+5,800
| +2% | +$54.5K |
|
|
RSO
2015
DELISTED
Resource Capital Corp.
RSO
| $2.35M | ﹤0.01% |
122,075
+5,625
| +5% | +$108K |
|
|
BEBE
2016
DELISTED
Bebe Stores Inc
BEBE
| $2.35M | ﹤0.01% |
62,930
+2,030
| +3% | +$75.7K |
|
2017
Stoneridge
SRI
$228M
| $2.34M | ﹤0.01% |
178,000
+13,700
| +8% | +$180K |
|
2018
TG Therapeutics
TGTX
$5.1B
| $2.34M | ﹤0.01% |
149,800
+72,500
| +94% | +$1.13M |
|
2019
Entravision Communication
EVC
$226M
| $2.34M | ﹤0.01% |
353,565
+131,700
| +59% | +$872K |
|
|
EOCC
2020
DELISTED
Enel Generacion Chile S.A.
EOCC
| $2.34M | ﹤0.01% |
75,273
| – | – |
|
2021
TTM Technologies
TTMI
$4.83B
| $2.34M | ﹤0.01% |
329,753
+141,600
| +75% | +$1M |
|
2022
Coherent
COHR
$16B
| $2.33M | ﹤0.01% |
144,500
| – | – |
|
|
UCB
2023
United Community Banks, Inc.
UCB
$3.94B
| $2.33M | ﹤0.01% |
131,831
| – | – |
|
|
SCLN
2024
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
| $2.33M | ﹤0.01% |
315,800
+45,700
| +17% | +$337K |
|
|
STBZ
2025
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $2.32M | ﹤0.01% |
120,134
+29,700
| +33% | +$574K |
|