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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
VRTU
2026
DELISTED
Virtusa Corporation
VRTU
| $2.32M | ﹤0.01% |
59,800
| – | – |
|
|
DTSI
2027
DELISTED
DTS, Inc.
DTSI
| $2.32M | ﹤0.01% |
76,900
+14,700
| +24% | +$443K |
|
2028
Tennant Co
TNC
$1.5B
| $2.31M | ﹤0.01% |
34,800
-7,883
| -18% | -$524K |
|
|
WW
2029
DELISTED
WW International
WW
| $2.31M | ﹤0.01% |
130,571
+6,400
| +5% | +$113K |
|
2030
Aspen Aerogels
ASPN
$543M
| $2.31M | ﹤0.01% |
305,000
| – | – |
|
2031
Honda
HMC
$43.8B
| $2.31M | ﹤0.01% |
+74,882
| New | +$2.31M |
|
2032
Tempest Therapeutics
TPST
$45.6M
| $2.31M | ﹤0.01% |
16
+6
| +60% | +$866K |
|
|
AEGN
2033
DELISTED
Aegion Corp
AEGN
| $2.31M | ﹤0.01% |
143,200
| – | – |
|
|
KNL
2034
DELISTED
Knoll, Inc.
KNL
| $2.31M | ﹤0.01% |
118,350
-4,500
| -4% | -$87.7K |
|
|
MTSC
2035
DELISTED
MTS Systems Corp
MTSC
| $2.31M | ﹤0.01% |
31,500
| – | – |
|
|
GPT
2036
DELISTED
Gramercy Property Trust
GPT
| $2.3M | ﹤0.01% |
105,704
+54
| +0.1% | +$1.18K |
|
2037
Teekay Tankers
TNK
$1.8B
| $2.29M | ﹤0.01% |
49,925
+17,775
| +55% | +$816K |
|
|
FARO
2038
DELISTED
Faro Technologies
FARO
| $2.29M | ﹤0.01% |
41,400
| – | – |
|
|
GRP.U
2039
Granite Real Estate Investment Trust
GRP.U
$3.43B
| $2.29M | ﹤0.01% |
63,000
| – | – |
|
|
AJRD
2040
DELISTED
Aerojet Rocketdyne Holdings, Inc.
AJRD
| $2.28M | ﹤0.01% |
131,300
| – | – |
|
2041
United Fire Group
UFCS
$807M
| $2.28M | ﹤0.01% |
78,100
+900
| +1% | +$26.2K |
|
2042
SpartanNash
SPTN
$897M
| $2.28M | ﹤0.01% |
85,242
+400
| +0.5% | +$10.7K |
|
2043
Pacific Biosciences
PACB
$351M
| $2.27M | ﹤0.01% |
275,050
| – | – |
|
2044
Boyd Gaming
BYD
$6.79B
| $2.27M | ﹤0.01% |
165,000
+18,100
| +12% | +$249K |
|
2045
Kodak
KODK
$486M
| $2.26M | ﹤0.01% |
123,400
+74,800
| +154% | +$1.37M |
|
2046
Safe Bulkers
SB
$466M
| $2.26M | ﹤0.01% |
+606,700
| New | +$2.26M |
|
|
CGI
2047
DELISTED
Celadon Group Inc
CGI
| $2.25M | ﹤0.01% |
98,700
+24,600
| +33% | +$561K |
|
2048
Quanex
NX
$661M
| $2.25M | ﹤0.01% |
117,800
+35,200
| +43% | +$672K |
|
2049
Peoples Bancorp
PEBO
$1.08B
| $2.25M | ﹤0.01% |
92,900
+2,000
| +2% | +$48.4K |
|
|
CCC
2050
DELISTED
Calgon Carbon Corp
CCC
| $2.25M | ﹤0.01% |
114,700
-23,371
| -17% | -$457K |
|