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 |
Walmart
WMT
|
+$250M |
| 2 |
Target
TGT
|
+$142M |
| 3 |
Abbott
ABT
|
+$113M |
| 4 |
Verizon
VZ
|
+$87.4M |
| 5 |
NetEase
NTES
|
+$77.2M |
Top Sells
| 1 |
Alibaba
BABA
|
+$930M |
| 2 |
Apple
AAPL
|
+$258M |
| 3 |
Ross Stores
ROST
|
+$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$117M |
| 5 |
NVR
NVR
|
+$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Marten Transport
MRTN
$953M
| $2.05M | ﹤0.01% |
120,500
-10,884
| -8% | -$185K |
|
2002
Surgery Partners
SGRY
$2.8B
| $2.04M | ﹤0.01% |
46,100
-4,093
| -8% | -$181K |
|
2003
Tactile Systems Technology
TCMD
$301M
| $2.04M | ﹤0.01% |
37,400
| – | – |
|
|
FPRX
2004
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $2.04M | ﹤0.01% |
54,100
-5,921
| -10% | -$223K |
|
2005
TFS Financial
TFSL
$3.75B
| $2.04M | ﹤0.01% |
100,000
-9,141
| -8% | -$186K |
|
2006
Wabash National
WNC
$457M
| $2.04M | ﹤0.01% |
108,300
-17,157
| -14% | -$323K |
|
2007
IMAX
IMAX
$1.74B
| $2.03M | ﹤0.01% |
101,200
-9,578
| -9% | -$193K |
|
|
NXRT
2008
NexPoint Residential Trust
NXRT
$858M
| $2.03M | ﹤0.01% |
44,100
-5,027
| -10% | -$232K |
|
|
BBT
2009
Beacon Financial Corporation
BBT
$2.17B
| $2.03M | ﹤0.01% |
90,900
-8,455
| -9% | -$189K |
|
|
CHCT
2010
Community Healthcare Trust
CHCT
$445M
| $2.03M | ﹤0.01% |
44,000
-5,091
| -10% | -$235K |
|
2011
E.W. Scripps
SSP
$257M
| $2.03M | ﹤0.01% |
105,182
-20,273
| -16% | -$391K |
|
2012
CTS Corp
CTS
$1.23B
| $2.02M | ﹤0.01% |
65,000
-6,012
| -8% | -$187K |
|
2013
Ocular Therapeutix
OCUL
$2.23B
| $2.02M | ﹤0.01% |
123,000
-14,381
| -10% | -$236K |
|
|
DBD
2014
DELISTED
Diebold Nixdorf Incorporated
DBD
| $2.02M | ﹤0.01% |
142,800
-13,179
| -8% | -$186K |
|
2015
Cerus
CERS
$236M
| $2.01M | ﹤0.01% |
333,900
-30,742
| -8% | -$185K |
|
2016
Children's Place
PLCE
$155M
| $2.01M | ﹤0.01% |
28,800
-2,650
| -8% | -$185K |
|
2017
Viper Energy
VNOM
$6.51B
| $2M | ﹤0.01% |
137,300
-12,708
| -8% | -$185K |
|
2018
Luminar Technologies
LAZR
$129M
| $2M | ﹤0.01% |
5,480
-475
| -8% | -$173K |
|
2019
Mesa Laboratories
MLAB
$339M
| $1.99M | ﹤0.01% |
8,186
-1,050
| -11% | -$256K |
|
2020
National Healthcare
NHC
$1.78B
| $1.99M | ﹤0.01% |
25,486
-3,033
| -11% | -$236K |
|
|
TVTY
2021
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $1.99M | ﹤0.01% |
89,000
-13,083
| -13% | -$292K |
|
2022
QuinStreet
QNST
$930M
| $1.98M | ﹤0.01% |
97,400
-9,022
| -8% | -$183K |
|
2023
Kearny Financial
KRNY
$412M
| $1.98M | ﹤0.01% |
163,500
-18,274
| -10% | -$221K |
|
2024
Impinj
PI
$5.2B
| $1.97M | ﹤0.01% |
34,700
| – | – |
|
2025
Inogen
INGN
$231M
| $1.97M | ﹤0.01% |
37,500
-3,506
| -9% | -$184K |
|