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 |
Alphabet (Google) Class A
GOOGL
|
+$394M |
| 2 |
Amazon
AMZN
|
+$114M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$99.1M |
| 4 |
Unilever
UL
|
+$79.5M |
| 5 |
Alibaba
BABA
|
+$77.4M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
+$358M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$61.1M |
| 3 |
Apple
AAPL
|
+$37.6M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$17.2M |
Sector Composition
| 1 | Financials | 17.93% |
| 2 | Technology | 15.61% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Discretionary | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
QIWI
2001
DELISTED
QIWI PLC
QIWI
| $1.79M | ﹤0.01% |
103,380
+26,480
| +34% | +$459K |
|
|
HMHC
2002
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.79M | ﹤0.01% |
192,133
+11,990
| +7% | +$112K |
|
|
WIRE
2003
DELISTED
Encore Wire Corp
WIRE
| $1.78M | ﹤0.01% |
36,528
+2,828
| +8% | +$138K |
|
|
LMNX
2004
DELISTED
Luminex Corp
LMNX
| $1.78M | ﹤0.01% |
90,092
+1,800
| +2% | +$35.5K |
|
2005
Kopin
KOPN
$412M
| $1.77M | ﹤0.01% |
554,200
| – | – |
|
|
PERY
2006
DELISTED
Perry Ellis International Inc
PERY
| $1.77M | ﹤0.01% |
70,690
+5,534
| +8% | +$139K |
|
|
AFAM
2007
DELISTED
Almost Family Inc
AFAM
| $1.77M | ﹤0.01% |
31,942
-3,046
| -9% | -$169K |
|
|
LBAI
2008
DELISTED
Lakeland Bancorp Inc
LBAI
| $1.75M | ﹤0.01% |
90,829
-21,234
| -19% | -$409K |
|
|
ARNA
2009
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $1.75M | ﹤0.01% |
51,400
+1,700
| +3% | +$57.7K |
|
|
TVRD
2010
Tvardi Therapeutics, Inc. Common Stock
TVRD
$318M
| $1.74M | ﹤0.01% |
3,958
-661
| -14% | -$291K |
|
2011
Liberty Latin America Class A
LILA
$1.5B
| $1.74M | ﹤0.01% |
91,755
+2,228
| +2% | +$42.3K |
|
2012
Preferred Bank
PFBC
$1.16B
| $1.73M | ﹤0.01% |
29,453
-7,426
| -20% | -$436K |
|
|
COBZ
2013
DELISTED
CoBiz Financial,Inc
COBZ
| $1.73M | ﹤0.01% |
86,500
-6,328
| -7% | -$126K |
|
|
ORIT
2014
DELISTED
Oritani Financial Corp. New
ORIT
| $1.73M | ﹤0.01% |
105,331
+20,152
| +24% | +$330K |
|
2015
VSE Corp
VSEC
$3.4B
| $1.73M | ﹤0.01% |
35,644
+1,344
| +4% | +$65.1K |
|
2016
ATN International
ATNI
$238M
| $1.72M | ﹤0.01% |
31,104
+4,669
| +18% | +$258K |
|
2017
Clearway Energy Class A
CWEN.A
$3.21B
| $1.72M | ﹤0.01% |
91,172
+18,825
| +26% | +$355K |
|
2018
Kadant
KAI
$3.69B
| $1.71M | ﹤0.01% |
17,049
-625
| -4% | -$62.8K |
|
2019
1st Source
SRCE
$1.55B
| $1.71M | ﹤0.01% |
34,615
+700
| +2% | +$34.6K |
|
|
EPZM
2020
DELISTED
Epizyme, Inc
EPZM
| $1.7M | ﹤0.01% |
135,500
| – | – |
|
|
AFI
2021
DELISTED
Armstrong Flooring, Inc.
AFI
| $1.7M | ﹤0.01% |
100,284
+19,233
| +24% | +$325K |
|
2022
Sonida Senior Living
SNDA
$500M
| $1.69M | ﹤0.01% |
8,373
+867
| +12% | +$175K |
|
|
HOLI
2023
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $1.69M | ﹤0.01% |
76,088
-414
| -0.5% | -$9.22K |
|
2024
Artivion
AORT
$1.92B
| $1.69M | ﹤0.01% |
88,399
-6,773
| -7% | -$130K |
|
2025
CTS Corp
CTS
$1.23B
| $1.69M | ﹤0.01% |
65,621
+5,768
| +10% | +$149K |
|