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 |
AT&T
T
|
+$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$146M |
| 3 |
PepsiCo
PEP
|
+$65.1M |
| 4 |
Coca-Cola
KO
|
+$62.7M |
| 5 |
Pfizer
PFE
|
+$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$164M |
| 4 |
Microsoft
MSFT
|
+$135M |
| 5 |
Amazon
AMZN
|
+$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2001
TriCo Bancshares
TCBK
$1.48B
| $1.71M | ﹤0.01% |
45,653
+6,112
| +15% | +$229K |
|
2002
BancFirst
BANF
$4.45B
| $1.71M | ﹤0.01% |
28,857
+16,407
| +132% | +$971K |
|
2003
Coeur Mining
CDE
$9.98B
| $1.71M | ﹤0.01% |
224,540
+26,340
| +13% | +$200K |
|
2004
Financial Institutions
FISI
$545M
| $1.7M | ﹤0.01% |
51,771
+2,072
| +4% | +$68.2K |
|
2005
Pure Storage
PSTG
$26.9B
| $1.7M | ﹤0.01% |
71,328
+5,531
| +8% | +$132K |
|
2006
Mesa Laboratories
MLAB
$339M
| $1.7M | ﹤0.01% |
8,046
-1,754
| -18% | -$370K |
|
|
CVIA
2007
DELISTED
Covia Holdings Corporation Common Stock
CVIA
| $1.7M | ﹤0.01% |
+91,400
| New | +$1.7M |
|
|
UHT
2008
Universal Health Realty Income Trust
UHT
$575M
| $1.69M | ﹤0.01% |
26,475
-471
| -2% | -$30.1K |
|
|
ANH
2009
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $1.69M | ﹤0.01% |
340,755
-95,312
| -22% | -$474K |
|
|
BOLD
2010
DELISTED
Audentes Therapeutics, Inc
BOLD
| $1.68M | ﹤0.01% |
44,057
+33,352
| +312% | +$1.27M |
|
2011
Equitable Holdings
EQH
$16.2B
| $1.68M | ﹤0.01% |
+81,445
| New | +$1.68M |
|
|
LION
2012
DELISTED
Fidelity Southern Corporation
LION
| $1.68M | ﹤0.01% |
66,052
+9,612
| +17% | +$244K |
|
2013
Century Aluminum
CENX
$2.44B
| $1.68M | ﹤0.01% |
106,463
-9,082
| -8% | -$143K |
|
|
DBD
2014
DELISTED
Diebold Nixdorf Incorporated
DBD
| $1.67M | ﹤0.01% |
140,043
-51,226
| -27% | -$612K |
|
2015
PTC Therapeutics
PTCT
$4.85B
| $1.67M | ﹤0.01% |
49,592
+10,283
| +26% | +$347K |
|
2016
Liberty Latin America Class A
LILA
$1.5B
| $1.67M | ﹤0.01% |
92,553
+798
| +0.9% | +$14.4K |
|
|
FLXN
2017
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $1.66M | ﹤0.01% |
64,200
-5,800
| -8% | -$150K |
|
2018
MakeMyTrip
MMYT
$9.31B
| $1.66M | ﹤0.01% |
45,900
-4,100
| -8% | -$148K |
|
|
RESI
2019
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.66M | ﹤0.01% |
159,008
-67,481
| -30% | -$703K |
|
2020
First Hawaiian
FHB
$3.19B
| $1.66M | ﹤0.01% |
57,063
-5,293
| -8% | -$154K |
|
2021
Madrigal Pharmaceuticals
MDGL
$9.63B
| $1.65M | ﹤0.01% |
5,908
+2,040
| +53% | +$570K |
|
|
TEN
2022
Tsakos Energy Navigation Ltd.
TEN
$672M
| $1.65M | ﹤0.01% |
88,835
-57,254
| -39% | -$1.06M |
|
2023
Lattice Semiconductor
LSCC
$8.82B
| $1.65M | ﹤0.01% |
251,605
+805
| +0.3% | +$5.28K |
|
2024
National Bank Holdings
NBHC
$1.46B
| $1.65M | ﹤0.01% |
42,784
+14,738
| +53% | +$569K |
|
2025
Heritage Commerce
HTBK
$624M
| $1.65M | ﹤0.01% |
96,870
+3,670
| +4% | +$62.4K |
|