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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
GMS
2001
DELISTED
GMS Inc
GMS
| $2.08M | ﹤0.01% |
76,810
+12,124
| +19% | +$328K |
|
2002
Vishay Precision Group
VPG
$416M
| $2.08M | ﹤0.01% |
61,146
+178
| +0.3% | +$6.05K |
|
2003
Clarus
CLAR
$147M
| $2.08M | ﹤0.01% |
153,685
+142,293
| +1,249% | +$1.92M |
|
|
CSR
2004
Centerspace
CSR
$979M
| $2.07M | ﹤0.01% |
28,559
-1,220
| -4% | -$88.5K |
|
|
JCAP
2005
DELISTED
Jernigan Capital, Inc.
JCAP
| $2.07M | ﹤0.01% |
108,058
+73,005
| +208% | +$1.4M |
|
2006
WillScot Mobile Mini Holdings
WSC
$4.19B
| $2.07M | ﹤0.01% |
111,678
+29,478
| +36% | +$545K |
|
2007
Aspen Aerogels
ASPN
$543M
| $2.06M | ﹤0.01% |
265,804
-56,896
| -18% | -$442K |
|
|
GTHX
2008
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $2.06M | ﹤0.01% |
77,862
+10,700
| +16% | +$283K |
|
|
WIFI
2009
DELISTED
Boingo Wireless, Inc.
WIFI
| $2.06M | ﹤0.01% |
187,931
+110,700
| +143% | +$1.21M |
|
|
CHK
2010
DELISTED
Chesapeake Energy Corporation
CHK
| $2.06M | ﹤0.01% |
12,453
+1,629
| +15% | +$269K |
|
|
SWCH
2011
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $2.05M | ﹤0.01% |
138,071
-870
| -0.6% | -$12.9K |
|
2012
Tilly's
TLYS
$57.3M
| $2.04M | ﹤0.01% |
166,700
-60,600
| -27% | -$742K |
|
2013
Columbia Financial
CLBK
$1.6B
| $2.04M | ﹤0.01% |
120,495
+15,400
| +15% | +$261K |
|
2014
Apogee Enterprises
APOG
$903M
| $2.03M | ﹤0.01% |
62,577
-6,374
| -9% | -$207K |
|
2015
REX American Resources
REX
$1.01B
| $2.03M | ﹤0.01% |
74,400
-7,377
| -9% | -$202K |
|
|
FARO
2016
DELISTED
Faro Technologies
FARO
| $2.03M | ﹤0.01% |
40,232
+4,500
| +13% | +$227K |
|
2017
Arcos Dorados Holdings
ARCO
$1.43B
| $2.02M | ﹤0.01% |
256,756
+26,621
| +12% | +$210K |
|
2018
Peloton Interactive
PTON
$3.09B
| $2.02M | ﹤0.01% |
+71,197
| New | +$2.02M |
|
2019
Air T
AIRT
| $2.02M | ﹤0.01% |
100,300
| – | – |
|
|
CCF
2020
DELISTED
Chase Corporation
CCF
| $2.02M | ﹤0.01% |
17,051
+300
| +2% | +$35.5K |
|
2021
Napco Security Technologies
NSSC
$1.5B
| $2.02M | ﹤0.01% |
137,346
-39,316
| -22% | -$578K |
|
|
ODT
2022
DELISTED
Odonate Therapeutics, Inc. Common Stock
ODT
| $2.02M | ﹤0.01% |
62,156
-16,167
| -21% | -$525K |
|
2023
German American Bancorp
GABC
$1.53B
| $2.01M | ﹤0.01% |
56,383
+7,200
| +15% | +$256K |
|
|
AD
2024
Array Digital Infrastructure, Inc.
AD
$4.41B
| $2.01M | ﹤0.01% |
55,343
+24,506
| +79% | +$888K |
|
2025
Sangamo Therapeutics
SGMO
$152M
| $2M | ﹤0.01% |
239,000
+47,500
| +25% | +$397K |
|