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
|
+$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 3 |
JOBS
51job, Inc.
JOBS
|
+$26.8M |
| 4 |
Intel
INTC
|
+$24.2M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$22.7M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
+$312M |
| 2 |
Amazon
AMZN
|
+$153M |
| 3 |
Johnson & Johnson
JNJ
|
+$75.8M |
| 4 |
Microsoft
MSFT
|
+$69.7M |
| 5 |
Honeywell
HON
|
+$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.58% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2001
CyberArk
CYBR
$23.5B
| $1.67M | ﹤0.01% |
+32,756
| New | +$1.67M |
|
|
BZUN
2002
Baozun
BZUN
$276M
| $1.67M | ﹤0.01% |
36,387
-22,332
| -38% | -$1.02M |
|
2003
SIGA Technologies
SIGA
$639M
| $1.67M | ﹤0.01% |
+271,844
| New | +$1.67M |
|
2004
Camden National
CAC
$684M
| $1.67M | ﹤0.01% |
37,424
+6,824
| +22% | +$304K |
|
2005
Peoples Bancorp
PEBO
$1.08B
| $1.67M | ﹤0.01% |
46,955
+2,862
| +6% | +$101K |
|
|
NBLX
2006
DELISTED
Noble Midstream Partners LP
NBLX
| $1.67M | ﹤0.01% |
+35,700
| New | +$1.67M |
|
2007
Dynavax Technologies
DVAX
$1.1B
| $1.66M | ﹤0.01% |
83,633
+52,545
| +169% | +$1.04M |
|
2008
Columbus McKinnon
CMCO
$415M
| $1.65M | ﹤0.01% |
46,100
| – | – |
|
2009
Heron Therapeutics
HRTX
$193M
| $1.65M | ﹤0.01% |
59,700
| – | – |
|
|
QADA
2010
DELISTED
QAD Inc.
QADA
| $1.64M | ﹤0.01% |
39,459
+6,627
| +20% | +$276K |
|
2011
Insteel Industries
IIIN
$749M
| $1.64M | ﹤0.01% |
59,400
| – | – |
|
|
CMCM
2012
Cheetah Mobile
CMCM
$252M
| $1.64M | ﹤0.01% |
24,460
| – | – |
|
2013
Alpha and Omega Semiconductor
AOSL
$853M
| $1.63M | ﹤0.01% |
105,593
+5,293
| +5% | +$81.8K |
|
2014
Ultra Clean Holdings
UCTT
$1.14B
| $1.63M | ﹤0.01% |
84,400
-28,969
| -26% | -$558K |
|
2015
Great Southern Bancorp
GSBC
$710M
| $1.62M | ﹤0.01% |
32,517
+123
| +0.4% | +$6.14K |
|
2016
ATN International
ATNI
$238M
| $1.62M | ﹤0.01% |
27,195
-3,909
| -13% | -$233K |
|
|
LL
2017
DELISTED
LL Flooring Holdings, Inc.
LL
| $1.62M | ﹤0.01% |
67,716
-23,363
| -26% | -$559K |
|
|
UHT
2018
Universal Health Realty Income Trust
UHT
$575M
| $1.62M | ﹤0.01% |
26,946
-867
| -3% | -$52.1K |
|
|
SCU
2019
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $1.62M | ﹤0.01% |
60,600
| – | – |
|
2020
Lantheus
LNTH
$3.6B
| $1.62M | ﹤0.01% |
101,714
-6,887
| -6% | -$109K |
|
2021
Interparfums
IPAR
$3.43B
| $1.61M | ﹤0.01% |
34,214
+1,714
| +5% | +$80.8K |
|
2022
Bassett Furniture
BSET
$142M
| $1.61M | ﹤0.01% |
52,946
-5,996
| -10% | -$182K |
|
2023
Standard Motor Products
SMP
$889M
| $1.61M | ﹤0.01% |
33,760
+236
| +0.7% | +$11.2K |
|
2024
Cantaloupe
CTLP
$792M
| $1.61M | ﹤0.01% |
178,333
+44,333
| +33% | +$399K |
|
|
VSA
2025
TCTM Kids IT Education Inc. American Depositary Shares
VSA
$177M
| $1.6M | ﹤0.01% |
28,580
| – | – |
|