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 |
Walt Disney
DIS
|
+$134M |
| 2 |
PepsiCo
PEP
|
+$132M |
| 3 |
Coca-Cola
KO
|
+$126M |
| 4 |
Procter & Gamble
PG
|
+$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$315M |
| 2 |
Mastercard
MA
|
+$267M |
| 3 |
Apple
AAPL
|
+$221M |
| 4 |
RTN
Raytheon Company
RTN
|
+$149M |
| 5 |
Northrop Grumman
NOC
|
+$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
TEN
2001
Tsakos Energy Navigation Ltd.
TEN
$672M
| $1.4M | ﹤0.01% |
90,340
-2,824
| -3% | -$43.8K |
|
2002
Stewart Information Services
STC
$2.09B
| $1.4M | ﹤0.01% |
32,686
-3,898
| -11% | -$166K |
|
2003
Atlanta Braves Holdings Series B
BATRK
$2.64B
| $1.39M | ﹤0.01% |
50,210
-1,200
| -2% | -$33.3K |
|
2004
Great Southern Bancorp
GSBC
$710M
| $1.39M | ﹤0.01% |
26,748
-4,551
| -15% | -$236K |
|
2005
Atara Biotherapeutics
ATRA
$85.1M
| $1.39M | ﹤0.01% |
1,396
-614
| -31% | -$610K |
|
|
TVTY
2006
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $1.39M | ﹤0.01% |
78,991
+10,084
| +15% | +$177K |
|
2007
BrightView Holdings
BV
$1.32B
| $1.38M | ﹤0.01% |
95,746
| – | – |
|
|
RFP
2008
DELISTED
Resolute Forest Products Inc.
RFP
| $1.38M | ﹤0.01% |
174,141
-85,731
| -33% | -$677K |
|
2009
Star Bulk Carriers
SBLK
$2.2B
| $1.38M | ﹤0.01% |
208,934
| – | – |
|
|
BDSI
2010
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $1.38M | ﹤0.01% |
259,400
| – | – |
|
2011
Entravision Communication
EVC
$226M
| $1.37M | ﹤0.01% |
424,183
| – | – |
|
|
UNT
2012
DELISTED
UNIT Corporation
UNT
| $1.37M | ﹤0.01% |
96,344
-6,787
| -7% | -$96.7K |
|
2013
Hess Midstream
HESM
$5.15B
| $1.37M | ﹤0.01% |
64,608
| – | – |
|
|
FSP
2014
Franklin Street Properties
FSP
$174M
| $1.37M | ﹤0.01% |
190,401
-61,397
| -24% | -$441K |
|
2015
Omega Flex
OFLX
$340M
| $1.37M | ﹤0.01% |
18,067
| – | – |
|
|
BPT
2016
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $1.37M | ﹤0.01% |
51,411
-4,396
| -8% | -$117K |
|
2017
Dayforce
DAY
$10.9B
| $1.37M | ﹤0.01% |
26,663
-1,958
| -7% | -$100K |
|
2018
Hanmi Financial
HAFC
$748M
| $1.37M | ﹤0.01% |
64,219
-1,103
| -2% | -$23.5K |
|
2019
Travere Therapeutics
TVTX
$2.09B
| $1.36M | ﹤0.01% |
60,264
-1,500
| -2% | -$34K |
|
2020
Peoples Bancorp
PEBO
$1.08B
| $1.36M | ﹤0.01% |
43,978
-4,194
| -9% | -$130K |
|
|
CCF
2021
DELISTED
Chase Corporation
CCF
| $1.36M | ﹤0.01% |
14,694
-406
| -3% | -$37.6K |
|
2022
Kadant
KAI
$3.69B
| $1.36M | ﹤0.01% |
15,444
+2,030
| +15% | +$178K |
|
|
BFS
2023
Saul Centers
BFS
$785M
| $1.35M | ﹤0.01% |
26,357
-600
| -2% | -$30.8K |
|
2024
Miller Industries
MLR
$455M
| $1.35M | ﹤0.01% |
43,884
+9,638
| +28% | +$297K |
|
|
ITCI
2025
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $1.35M | ﹤0.01% |
111,100
+54,900
| +98% | +$669K |
|