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 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$217M |
| 2 |
T-Mobile US
TMUS
|
+$208M |
| 3 |
Electronic Arts
EA
|
+$208M |
| 4 |
Amazon
AMZN
|
+$205M |
| 5 |
Microsoft
MSFT
|
+$193M |
Top Sells
| 1 |
Realty Income
O
|
+$110M |
| 2 |
Healthpeak Properties
DOC
|
+$86.3M |
| 3 |
Hartford Financial Services
HIG
|
+$63.5M |
| 4 |
Annaly Capital Management
NLY
|
+$62.7M |
| 5 |
W.P. Carey
WPC
|
+$51.3M |
Sector Composition
| 1 | Technology | 21.87% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.93% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Rackspace Technology
RXT
$347M
| $1.48M | ﹤0.01% |
+76,496
| New | +$1.48M |
|
2002
Quanterix
QTRX
$224M
| $1.47M | ﹤0.01% |
43,700
+5,400
| +14% | +$182K |
|
2003
Tucows
TCX
$204M
| $1.47M | ﹤0.01% |
21,366
+700
| +3% | +$48.2K |
|
2004
BJ's Restaurants
BJRI
$684M
| $1.47M | ﹤0.01% |
49,927
+8,769
| +21% | +$258K |
|
2005
SLR Investment Corp
SLRC
$877M
| $1.47M | ﹤0.01% |
92,724
+2,300
| +3% | +$36.5K |
|
|
LL
2006
DELISTED
LL Flooring Holdings, Inc.
LL
| $1.47M | ﹤0.01% |
66,660
+8,860
| +15% | +$195K |
|
2007
nCino
NCNO
$3.48B
| $1.47M | ﹤0.01% |
+18,423
| New | +$1.47M |
|
2008
Great Lakes Dredge & Dock
GLDD
$821M
| $1.47M | ﹤0.01% |
154,118
+6,135
| +4% | +$58.4K |
|
2009
Protagonist Therapeutics
PTGX
$3.66B
| $1.47M | ﹤0.01% |
74,993
+24,993
| +50% | +$489K |
|
|
ENLC
2010
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.47M | ﹤0.01% |
623,443
+23,081
| +4% | +$54.2K |
|
|
RIDE
2011
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $1.47M | ﹤0.01% |
3,793
+113
| +3% | +$43.6K |
|
2012
Magnolia Oil & Gas
MGY
$4.41B
| $1.46M | ﹤0.01% |
283,243
+6,000
| +2% | +$31K |
|
2013
OFG Bancorp
OFG
$1.95B
| $1.46M | ﹤0.01% |
117,456
+5,391
| +5% | +$67.2K |
|
2014
TriCo Bancshares
TCBK
$1.48B
| $1.46M | ﹤0.01% |
59,752
+1,300
| +2% | +$31.8K |
|
2015
Newmark Group
NMRK
$3.41B
| $1.46M | ﹤0.01% |
338,256
+12,644
| +4% | +$54.6K |
|
2016
CureVac
CVAC
$1.2B
| $1.46M | ﹤0.01% |
+31,358
| New | +$1.46M |
|
2017
Quanex
NX
$661M
| $1.46M | ﹤0.01% |
79,061
+4,155
| +6% | +$76.6K |
|
2018
Marcus & Millichap
MMI
$1.26B
| $1.46M | ﹤0.01% |
52,935
+1,400
| +3% | +$38.5K |
|
2019
AAR Corp
AIR
$2.67B
| $1.46M | ﹤0.01% |
77,459
+1,900
| +3% | +$35.7K |
|
2020
1-800-Flowers.com
FLWS
$343M
| $1.45M | ﹤0.01% |
58,088
+3,209
| +6% | +$80K |
|
2021
Kforce
KFRC
$567M
| $1.45M | ﹤0.01% |
45,026
+1,400
| +3% | +$45K |
|
|
CEQP
2022
DELISTED
Crestwood Equity Partners LP
CEQP
| $1.45M | ﹤0.01% |
116,211
+3,300
| +3% | +$41.1K |
|
|
TVTY
2023
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $1.45M | ﹤0.01% |
103,178
+7,399
| +8% | +$104K |
|
2024
Eventbrite
EB
$262M
| $1.44M | ﹤0.01% |
132,800
+4,200
| +3% | +$45.6K |
|
|
QUOT
2025
DELISTED
Quotient Technology Inc
QUOT
| $1.44M | ﹤0.01% |
194,933
+4,900
| +3% | +$36.2K |
|