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 |
Verizon
VZ
|
+$165M |
| 2 |
Oracle
ORCL
|
+$139M |
| 3 |
CME Group
CME
|
+$99.7M |
| 4 |
Gilead Sciences
GILD
|
+$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$192M |
| 5 |
Humana
HUM
|
+$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Krystal Biotech
KRYS
$4.16B
| $1.01M | ﹤0.01% |
23,379
-33,509
| -59% | -$1.45M |
|
|
INN
2002
Summit Hotel Properties
INN
$623M
| $1.01M | ﹤0.01% |
239,156
-11,900
| -5% | -$50.2K |
|
2003
Patterson-UTI
PTEN
$2.13B
| $1.01M | ﹤0.01% |
429,452
-271,415
| -39% | -$638K |
|
2004
Argan
AGX
$3.18B
| $1.01M | ﹤0.01% |
29,171
+5,600
| +24% | +$194K |
|
2005
ArcBest
ARCB
$1.6B
| $1.01M | ﹤0.01% |
57,538
-65,148
| -53% | -$1.14M |
|
2006
PDF Solutions
PDFS
$765M
| $1.01M | ﹤0.01% |
85,733
-45,717
| -35% | -$536K |
|
2007
Valhi
VHI
$458M
| $1M | ﹤0.01% |
81,207
-27,510
| -25% | -$340K |
|
2008
Central Pacific Financial
CPF
$826M
| $1M | ﹤0.01% |
62,937
-81,368
| -56% | -$1.29M |
|
2009
Anterix
ATEX
$395M
| $1M | ﹤0.01% |
21,900
+384
| +2% | +$17.5K |
|
2010
Orion
OEC
$521M
| $1M | ﹤0.01% |
134,066
+5,700
| +4% | +$42.5K |
|
2011
Interface
TILE
$1.66B
| $1M | ﹤0.01% |
132,245
-5,400
| -4% | -$40.8K |
|
|
AD
2012
Array Digital Infrastructure, Inc.
AD
$4.41B
| $1M | ﹤0.01% |
34,143
-21,200
| -38% | -$621K |
|
|
BPMP
2013
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $998K | ﹤0.01% |
107,152
-2,500
| -2% | -$23.3K |
|
|
SHYF
2014
DELISTED
The Shyft Group
SHYF
| $997K | ﹤0.01% |
77,196
+2,900
| +4% | +$37.5K |
|
2015
Great Southern Bancorp
GSBC
$710M
| $996K | ﹤0.01% |
24,649
-4,937
| -17% | -$199K |
|
2016
Rhythm Pharmaceuticals
RYTM
$6.39B
| $996K | ﹤0.01% |
65,427
+20,400
| +45% | +$311K |
|
|
CHX
2017
DELISTED
ChampionX
CHX
| $993K | ﹤0.01% |
172,734
+2,500
| +1% | +$14.4K |
|
|
MSGN
2018
DELISTED
MSG Networks Inc.
MSGN
| $992K | ﹤0.01% |
97,294
-29,600
| -23% | -$302K |
|
2019
Denny's
DENN
$264M
| $991K | ﹤0.01% |
128,989
-190,429
| -60% | -$1.46M |
|
|
OMN
2020
DELISTED
OMNOVA Solutions Inc.
OMN
| $989K | ﹤0.01% |
97,526
+7,400
| +8% | +$75K |
|
2021
Groupon
GRPN
$923M
| $985K | ﹤0.01% |
50,230
-5,935
| -11% | -$116K |
|
2022
Stoneridge
SRI
$228M
| $985K | ﹤0.01% |
58,781
-110,289
| -65% | -$1.85M |
|
2023
RadNet
RDNT
$5.69B
| $983K | ﹤0.01% |
93,487
+300
| +0.3% | +$3.15K |
|
2024
Gaia
GAIA
$152M
| $981K | ﹤0.01% |
110,482
-23,823
| -18% | -$212K |
|
|
USAP
2025
DELISTED
Universal Stainless & Alloy
USAP
| $978K | ﹤0.01% |
126,877
-523
| -0.4% | -$4.03K |
|