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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Magnolia Oil & Gas
MGY
$4.39B
| $1.96M | ﹤0.01% |
277,943
-5,300
| -2% | -$37.4K |
|
2002
Enterprise Financial Services Corp
EFSC
$2.21B
| $1.96M | ﹤0.01% |
56,120
-1,573
| -3% | -$55K |
|
2003
New Fortress Energy
NFE
$396M
| $1.96M | ﹤0.01% |
36,548
-152
| -0.4% | -$8.15K |
|
2004
Apogee Enterprises
APOG
$919M
| $1.96M | ﹤0.01% |
61,806
-655
| -1% | -$20.8K |
|
|
AIV
2005
Aimco
AIV
$1.06B
| $1.95M | ﹤0.01% |
369,337
-2,209,911
| -86% | -$11.7M |
|
2006
Griffon
GFF
$3.68B
| $1.95M | ﹤0.01% |
95,650
-1,800
| -2% | -$36.7K |
|
2007
Perdoceo Education
PRDO
$2.27B
| $1.94M | ﹤0.01% |
153,662
-3,000
| -2% | -$37.9K |
|
2008
Nkarta
NKTX
$141M
| $1.93M | ﹤0.01% |
31,343
-600
| -2% | -$36.9K |
|
2009
Relay Therapeutics
RLAY
$698M
| $1.93M | ﹤0.01% |
46,373
-900
| -2% | -$37.4K |
|
2010
Jamf
JAMF
$1.42B
| $1.93M | ﹤0.01% |
64,337
+23,157
| +56% | +$693K |
|
2011
RadNet
RDNT
$5.77B
| $1.92M | ﹤0.01% |
98,316
-2,434
| -2% | -$47.6K |
|
2012
TFS Financial
TFSL
$3.71B
| $1.92M | ﹤0.01% |
109,141
-2,100
| -2% | -$37K |
|
|
RDUS
2013
DELISTED
Radius Recycling
RDUS
| $1.92M | ﹤0.01% |
60,257
+1,921
| +3% | +$61.3K |
|
2014
Kearny Financial
KRNY
$407M
| $1.92M | ﹤0.01% |
181,774
+165
| +0.1% | +$1.74K |
|
2015
Riot Platforms
RIOT
$6.17B
| $1.92M | ﹤0.01% |
113,034
+96,127
| +569% | +$1.63M |
|
2016
E.W. Scripps
SSP
$248M
| $1.92M | ﹤0.01% |
125,455
+8,055
| +7% | +$123K |
|
2017
Adverum Biotechnologies
ADVM
$65.3M
| $1.92M | ﹤0.01% |
17,670
-2,411
| -12% | -$261K |
|
2018
ACM Research
ACMR
$1.91B
| $1.91M | ﹤0.01% |
70,674
-783
| -1% | -$21.2K |
|
2019
Levi Strauss
LEVI
$8.94B
| $1.91M | ﹤0.01% |
95,327
-1,800
| -2% | -$36.1K |
|
|
CMRC
2020
Commerce.com, Inc. Series 1 Common Stock
CMRC
$380M
| $1.91M | ﹤0.01% |
29,730
+7,062
| +31% | +$453K |
|
|
NVEE
2021
DELISTED
NV5 Global
NVEE
| $1.91M | ﹤0.01% |
96,784
-2,000
| -2% | -$39.4K |
|
2022
Standard Motor Products
SMP
$894M
| $1.91M | ﹤0.01% |
47,100
-900
| -2% | -$36.4K |
|
2023
Brookdale Senior Living
BKD
$1.78B
| $1.9M | ﹤0.01% |
428,858
-4,451
| -1% | -$19.7K |
|
|
PFC
2024
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.9M | ﹤0.01% |
82,574
-1,600
| -2% | -$36.8K |
|
2025
B. Riley Financial
RILY
$197M
| $1.9M | ﹤0.01% |
42,850
-800
| -2% | -$35.4K |
|