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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$69.3M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$60.2M |
| 3 |
DXC Technology
DXC
|
+$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$47.5M |
| 5 |
Amazon
AMZN
|
+$46.9M |
Top Sells
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$170M |
| 2 |
Zoetis
ZTS
|
+$75.8M |
| 3 |
Yum! Brands
YUM
|
+$69M |
| 4 |
Wells Fargo
WFC
|
+$49.2M |
| 5 |
Zimmer Biomet
ZBH
|
+$44.4M |
Sector Composition
| 1 | Financials | 17.92% |
| 2 | Technology | 15.12% |
| 3 | Healthcare | 13.25% |
| 4 | Industrials | 10.83% |
| 5 | Consumer Discretionary | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
LCI
2001
DELISTED
Lannett Company, Inc.
LCI
| $1.59M | ﹤0.01% |
19,525
+1,025
| +6% | +$83.6K |
|
2002
First Interstate BancSystem
FIBK
$3.43B
| $1.59M | ﹤0.01% |
42,769
+14,869
| +53% | +$553K |
|
2003
Immersion
IMMR
$221M
| $1.59M | ﹤0.01% |
175,200
| – | – |
|
2004
Universal Insurance Holdings
UVE
$719M
| $1.59M | ﹤0.01% |
62,900
+3,600
| +6% | +$90.7K |
|
2005
Astec Industries
ASTE
$1.06B
| $1.58M | ﹤0.01% |
28,400
-600
| -2% | -$33.3K |
|
2006
Griffon
GFF
$3.61B
| $1.57M | ﹤0.01% |
71,727
-6,000
| -8% | -$132K |
|
|
USCR
2007
DELISTED
U S Concrete, Inc.
USCR
| $1.57M | ﹤0.01% |
20,000
+900
| +5% | +$70.7K |
|
2008
Hooker Furnishings Corp
HOFT
$111M
| $1.57M | ﹤0.01% |
38,100
| – | – |
|
|
TLRD
2009
DELISTED
Tailored Brands, Inc.
TLRD
| $1.57M | ﹤0.01% |
140,500
+33,000
| +31% | +$368K |
|
2010
Pathward Financial
CASH
$1.72B
| $1.57M | ﹤0.01% |
52,830
-2,100
| -4% | -$62.3K |
|
2011
GoPro
GPRO
$327M
| $1.56M | ﹤0.01% |
192,400
+9,600
| +5% | +$78K |
|
2012
Kinsale Capital Group
KNSL
$10.1B
| $1.56M | ﹤0.01% |
41,800
| – | – |
|
|
LEAF
2013
DELISTED
Leaf Group Ltd.
LEAF
| $1.56M | ﹤0.01% |
200,040
| – | – |
|
2014
Biglari Holdings Class B
BH
$943M
| $1.56M | ﹤0.01% |
5,850
| – | – |
|
|
HZN
2015
DELISTED
Horizon Global Corporation
HZN
| $1.56M | ﹤0.01% |
108,600
| – | – |
|
|
SCU
2016
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $1.55M | ﹤0.01% |
60,600
+51,500
| +566% | +$1.32M |
|
2017
LeMaitre Vascular
LMAT
$2.09B
| $1.55M | ﹤0.01% |
49,547
| – | – |
|
2018
VSE Corp
VSEC
$3.4B
| $1.54M | ﹤0.01% |
34,300
| – | – |
|
|
ONIT
2019
Onity Group Inc.
ONIT
$367M
| $1.54M | ﹤0.01% |
38,140
+18,547
| +95% | +$748K |
|
2020
Emerald Holding
EEX
$980M
| $1.53M | ﹤0.01% |
+70,000
| New | +$1.53M |
|
2021
Great Southern Bancorp
GSBC
$710M
| $1.53M | ﹤0.01% |
28,500
-1,900
| -6% | -$102K |
|
|
AMAG
2022
DELISTED
AMAG Pharmaceuticals, Inc.
AMAG
| $1.52M | ﹤0.01% |
82,800
+1,800
| +2% | +$33.1K |
|
2023
Phibro Animal Health
PAHC
$1.61B
| $1.52M | ﹤0.01% |
41,100
+8,500
| +26% | +$315K |
|
2024
National CineMedia
NCMI
$455M
| $1.52M | ﹤0.01% |
20,500
+2,450
| +14% | +$182K |
|
2025
QuidelOrtho
QDEL
$1.94B
| $1.52M | ﹤0.01% |
56,000
| – | – |
|