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 |
Coca-Cola
KO
|
+$198M |
| 2 |
PepsiCo
PEP
|
+$177M |
| 3 |
Procter & Gamble
PG
|
+$156M |
| 4 |
Linde
LIN
|
+$155M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$152M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$174M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| 1 | Financials | 16.41% |
| 2 | Technology | 16.21% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.86% |
| 5 | Industrials | 9.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Independent Bank Corp
IBCP
$654M
| $1.33M | ﹤0.01% |
63,279
+4,223
| +7% | +$88.8K |
|
|
ATRS
2002
DELISTED
Antares Pharma, Inc.
ATRS
| $1.33M | ﹤0.01% |
488,795
| – | – |
|
2003
Surmodics
SRDX
$463M
| $1.33M | ﹤0.01% |
28,125
+8,016
| +40% | +$379K |
|
2004
National Research Corp
NRC
$374M
| $1.33M | ﹤0.01% |
34,795
| – | – |
|
2005
BancFirst
BANF
$4.44B
| $1.32M | ﹤0.01% |
26,519
-1,459
| -5% | -$72.8K |
|
2006
AdvanSix
ASIX
$566M
| $1.32M | ﹤0.01% |
54,294
-860
| -2% | -$20.9K |
|
|
AMAG
2007
DELISTED
AMAG Pharmaceuticals, Inc.
AMAG
| $1.32M | ﹤0.01% |
86,987
+690
| +0.8% | +$10.5K |
|
2008
Oil States International
OIS
$340M
| $1.32M | ﹤0.01% |
92,253
-8,038
| -8% | -$115K |
|
|
TWNK
2009
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $1.32M | ﹤0.01% |
120,425
+99,800
| +484% | +$1.09M |
|
2010
Kimball Electronics
KE
$758M
| $1.32M | ﹤0.01% |
84,880
+4,700
| +6% | +$72.8K |
|
|
REV
2011
DELISTED
Revlon, Inc.
REV
| $1.32M | ﹤0.01% |
52,206
-1,839
| -3% | -$46.3K |
|
2012
Cass Information Systems
CASS
$563M
| $1.31M | ﹤0.01% |
24,799
+7,451
| +43% | +$394K |
|
2013
Seacoast Banking Corp of Florida
SBCF
$2.68B
| $1.31M | ﹤0.01% |
50,256
-2,619
| -5% | -$68.2K |
|
2014
Amneal Pharmaceuticals
AMRX
$3.07B
| $1.31M | ﹤0.01% |
96,605
-8,000
| -8% | -$108K |
|
2015
Mercer International
MERC
$208M
| $1.3M | ﹤0.01% |
124,929
-48,448
| -28% | -$506K |
|
2016
Shake Shack
SHAK
$4.07B
| $1.3M | ﹤0.01% |
28,719
-10,698
| -27% | -$486K |
|
|
TPC
2017
Tutor Perini Corporation
TPC
$3.39B
| $1.3M | ﹤0.01% |
81,528
+3,287
| +4% | +$52.5K |
|
|
HDP
2018
DELISTED
Hortonworks, Inc.
HDP
| $1.3M | ﹤0.01% |
90,200
-4,600
| -5% | -$66.3K |
|
|
GOGL
2019
DELISTED
Golden Ocean Group
GOGL
| $1.3M | ﹤0.01% |
210,521
-9,700
| -4% | -$59.8K |
|
|
ACOR
2020
DELISTED
Acorda Therapeutics, Inc.
ACOR
| $1.3M | ﹤0.01% |
693
-52
| -7% | -$97.2K |
|
2021
Ecovyst
ECVT
$1.07B
| $1.3M | ﹤0.01% |
87,457
-4,000
| -4% | -$59.2K |
|
2022
Diamond Hill
DHIL
$386M
| $1.29M | ﹤0.01% |
8,656
-400
| -4% | -$59.8K |
|
2023
StoneX
SNEX
$4.94B
| $1.29M | ﹤0.01% |
79,391
-11,948
| -13% | -$194K |
|
|
EXTN
2024
DELISTED
Exterran Corporation
EXTN
| $1.29M | ﹤0.01% |
72,916
+140
| +0.2% | +$2.48K |
|
2025
National Beverage
FIZZ
$3.62B
| $1.29M | ﹤0.01% |
35,958
-11,964
| -25% | -$429K |
|