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 |
Alphabet (Google) Class A
GOOGL
|
+$610M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$578M |
| 3 |
Synchrony
SYF
|
+$161M |
| 4 |
Hewlett Packard
HPE
|
+$75.4M |
| 5 |
Alibaba
BABA
|
+$56.5M |
Top Sells
| 1 |
GE Aerospace
GE
|
+$121M |
| 2 |
HP
HPQ
|
+$74M |
| 3 |
Apple
AAPL
|
+$47.2M |
| 4 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
+$44.7M |
| 5 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$39.1M |
Sector Composition
| 1 | Financials | 16.32% |
| 2 | Healthcare | 14.37% |
| 3 | Technology | 14.08% |
| 4 | Industrials | 10.53% |
| 5 | Consumer Discretionary | 9.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Marten Transport
MRTN
$953M
| $1.7M | ﹤0.01% |
239,750
| – | – |
|
|
RDUS
2027
DELISTED
Radius Recycling
RDUS
| $1.7M | ﹤0.01% |
117,962
+2,100
| +2% | +$30.2K |
|
2028
Exelixis
EXEL
$10.5B
| $1.69M | ﹤0.01% |
300,300
+40,000
| +15% | +$226K |
|
2029
Biglari Holdings Class B
BH
$943M
| $1.69M | ﹤0.01% |
7,800
| – | – |
|
2030
Piper Sandler
PIPR
$6.12B
| $1.69M | ﹤0.01% |
41,900
+2,600
| +7% | +$105K |
|
|
AMCC
2031
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $1.69M | ﹤0.01% |
264,800
| – | – |
|
2032
Heidrick & Struggles
HSII
$1.03B
| $1.68M | ﹤0.01% |
61,875
-2,400
| -4% | -$65.3K |
|
2033
Motorcar Parts of America
MPAA
$305M
| $1.68M | ﹤0.01% |
49,800
+16,000
| +47% | +$541K |
|
2034
Gorman-Rupp
GRC
$1.13B
| $1.68M | ﹤0.01% |
62,868
| – | – |
|
|
LION
2035
DELISTED
Fidelity Southern Corporation
LION
| $1.68M | ﹤0.01% |
75,300
+9,000
| +14% | +$201K |
|
2036
Gannett
GCI
$620M
| $1.68M | ﹤0.01% |
86,200
| – | – |
|
2037
Calix
CALX
$4.01B
| $1.68M | ﹤0.01% |
212,800
+61,800
| +41% | +$486K |
|
|
ENLC
2038
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.68M | ﹤0.01% |
111,000
+24,300
| +28% | +$367K |
|
|
TSRO
2039
DELISTED
TESARO, Inc.
TSRO
| $1.67M | ﹤0.01% |
32,000
| – | – |
|
|
TBHC
2040
The Brand House Collective, Inc. Common Stock
TBHC
$53.2M
| $1.67M | ﹤0.01% |
115,400
+9,700
| +9% | +$141K |
|
|
HNH
2041
DELISTED
Handy & Harman Holdings Ltd.
HNH
| $1.67M | ﹤0.01% |
81,200
| – | – |
|
|
ATRI
2042
DELISTED
Atrion Corp
ATRI
| $1.66M | ﹤0.01% |
4,359
| – | – |
|
2043
Arbor Realty Trust
ABR
$2.25B
| $1.66M | ﹤0.01% |
232,000
+15,100
| +7% | +$108K |
|
2044
NN Inc
NNBR
$117M
| $1.66M | ﹤0.01% |
104,000
-4,200
| -4% | -$67K |
|
2045
Entravision Communication
EVC
$226M
| $1.66M | ﹤0.01% |
214,600
-72,100
| -25% | -$556K |
|
2046
Alliance Resource Partners
ARLP
$2.92B
| $1.65M | ﹤0.01% |
122,600
-6,100
| -5% | -$82.3K |
|
|
XOXO
2047
DELISTED
Xo Group Inc
XOXO
| $1.65M | ﹤0.01% |
102,800
-26,000
| -20% | -$418K |
|
2048
HealthStream
HSTM
$855M
| $1.65M | ﹤0.01% |
75,000
| – | – |
|
|
VASC
2049
DELISTED
Vascular Solutions Inc
VASC
| $1.64M | ﹤0.01% |
47,800
-25,600
| -35% | -$880K |
|
2050
Mercer International
MERC
$206M
| $1.64M | ﹤0.01% |
181,600
-91,884
| -34% | -$831K |
|