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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
INN
2001
Summit Hotel Properties
INN
$623M
| $1.4M | ﹤0.01% |
235,733
-3,423
| -1% | -$20.3K |
|
2002
Boot Barn
BOOT
$5.4B
| $1.4M | ﹤0.01% |
64,786
-200
| -0.3% | -$4.31K |
|
|
GOOD
2003
Gladstone Commercial Corp
GOOD
$608M
| $1.4M | ﹤0.01% |
74,441
+11,339
| +18% | +$213K |
|
2004
Universal Electronics
UEIC
$62.3M
| $1.4M | ﹤0.01% |
29,787
-768
| -3% | -$36K |
|
|
QUOT
2005
DELISTED
Quotient Technology Inc
QUOT
| $1.39M | ﹤0.01% |
190,033
+23,273
| +14% | +$170K |
|
2006
Scansource
SCSC
$974M
| $1.39M | ﹤0.01% |
57,668
-46
| -0.1% | -$1.11K |
|
2007
MakeMyTrip
MMYT
$9.31B
| $1.39M | ﹤0.01% |
90,400
-11,545
| -11% | -$177K |
|
|
KNL
2008
DELISTED
Knoll, Inc.
KNL
| $1.38M | ﹤0.01% |
113,432
+1,298
| +1% | +$15.8K |
|
2009
Arcturus Therapeutics
ARCT
$470M
| $1.38M | ﹤0.01% |
+29,432
| New | +$1.38M |
|
|
JKS
2010
JinkoSolar
JKS
$1.3B
| $1.38M | ﹤0.01% |
77,682
+2,465
| +3% | +$43.7K |
|
|
RDUS
2011
DELISTED
Radius Health, Inc.
RDUS
| $1.37M | ﹤0.01% |
100,808
+103
| +0.1% | +$1.4K |
|
2012
Kearny Financial
KRNY
$412M
| $1.37M | ﹤0.01% |
167,709
-5,600
| -3% | -$45.8K |
|
2013
Great Lakes Dredge & Dock
GLDD
$821M
| $1.37M | ﹤0.01% |
147,983
+7,305
| +5% | +$67.6K |
|
2014
Dave & Buster's
PLAY
$817M
| $1.37M | ﹤0.01% |
102,749
+33,944
| +49% | +$453K |
|
2015
Vanda Pharmaceuticals
VNDA
$266M
| $1.36M | ﹤0.01% |
119,214
+3,538
| +3% | +$40.5K |
|
2016
GoPro
GPRO
$327M
| $1.36M | ﹤0.01% |
285,930
+25,847
| +10% | +$123K |
|
|
OCFT
2017
OneConnect Financial Technology
OCFT
$281M
| $1.36M | ﹤0.01% |
+7,440
| New | +$1.36M |
|
|
TGP
2018
DELISTED
Teekay LNG Partners L.P.
TGP
| $1.36M | ﹤0.01% |
116,451
+1,800
| +2% | +$21K |
|
2019
CVR Energy
CVI
$3.13B
| $1.36M | ﹤0.01% |
67,483
-797
| -1% | -$16K |
|
2020
MidCap Financial Investment
MFIC
$1.16B
| $1.36M | ﹤0.01% |
141,592
-3,055
| -2% | -$29.2K |
|
2021
Clearwater Paper
CLW
$344M
| $1.35M | ﹤0.01% |
37,479
+9,324
| +33% | +$337K |
|
2022
Collegium Pharmaceutical
COLL
$1.18B
| $1.35M | ﹤0.01% |
77,286
+5,844
| +8% | +$102K |
|
2023
Center Bancorp
CNOB
$1.26B
| $1.35M | ﹤0.01% |
83,890
+6,493
| +8% | +$105K |
|
|
MDP
2024
DELISTED
Meredith Corporation
MDP
| $1.35M | ﹤0.01% |
92,906
+899
| +1% | +$13.1K |
|
|
HNGR
2025
DELISTED
Hanger Inc.
HNGR
| $1.35M | ﹤0.01% |
81,595
+1,100
| +1% | +$18.2K |
|