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 |
AT&T
T
|
+$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$146M |
| 3 |
PepsiCo
PEP
|
+$65.1M |
| 4 |
Coca-Cola
KO
|
+$62.7M |
| 5 |
Pfizer
PFE
|
+$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$164M |
| 4 |
Microsoft
MSFT
|
+$135M |
| 5 |
Amazon
AMZN
|
+$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2026
LGI Homes
LGIH
$1.39B
| $1.65M | ﹤0.01% |
28,516
-9,353
| -25% | -$540K |
|
|
GTHX
2027
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $1.64M | ﹤0.01% |
+37,806
| New | +$1.64M |
|
2028
Rayonier Advanced Materials
RYAM
$421M
| $1.64M | ﹤0.01% |
95,778
-27,570
| -22% | -$471K |
|
2029
Northrim BanCorp
NRIM
$504M
| $1.64M | ﹤0.01% |
41,341
-3,917
| -9% | -$155K |
|
2030
LeMaitre Vascular
LMAT
$2.09B
| $1.63M | ﹤0.01% |
48,819
-822
| -2% | -$27.5K |
|
2031
Independent Bank Corp
IBCP
$657M
| $1.63M | ﹤0.01% |
64,056
-10,052
| -14% | -$256K |
|
2032
Gorman-Rupp
GRC
$1.13B
| $1.63M | ﹤0.01% |
46,494
-449
| -1% | -$15.7K |
|
2033
Pacific Biosciences
PACB
$351M
| $1.62M | ﹤0.01% |
457,400
| – | – |
|
2034
HealthStream
HSTM
$855M
| $1.62M | ﹤0.01% |
59,374
-126
| -0.2% | -$3.44K |
|
2035
Arrow Financial
AROW
$478M
| $1.62M | ﹤0.01% |
53,165
+936
| +2% | +$28.5K |
|
|
SNR
2036
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.62M | ﹤0.01% |
213,566
-18,994
| -8% | -$144K |
|
|
FARO
2037
DELISTED
Faro Technologies
FARO
| $1.62M | ﹤0.01% |
29,732
-1,968
| -6% | -$107K |
|
2038
VSE Corp
VSEC
$3.4B
| $1.61M | ﹤0.01% |
33,784
-2,251
| -6% | -$108K |
|
|
USDP
2039
DELISTED
USD PARTNERS LP
USDP
| $1.61M | ﹤0.01% |
150,000
| – | – |
|
|
BMTC
2040
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.61M | ﹤0.01% |
34,675
-4,808
| -12% | -$223K |
|
|
BFS
2041
Saul Centers
BFS
$785M
| $1.6M | ﹤0.01% |
29,857
-7,355
| -20% | -$394K |
|
|
IHC
2042
DELISTED
Independence Holding Company
IHC
| $1.6M | ﹤0.01% |
48,109
-3,151
| -6% | -$105K |
|
2043
Kadant
KAI
$3.69B
| $1.6M | ﹤0.01% |
16,635
-23
| -0.1% | -$2.21K |
|
|
INN
2044
Summit Hotel Properties
INN
$623M
| $1.59M | ﹤0.01% |
111,309
-52
| -0% | -$744 |
|
2045
Sangamo Therapeutics
SGMO
$152M
| $1.59M | ﹤0.01% |
112,130
-22,932
| -17% | -$326K |
|
2046
E.W. Scripps
SSP
$257M
| $1.59M | ﹤0.01% |
118,693
+6,476
| +6% | +$86.7K |
|
2047
BlackRock TCP Capital
TCPC
$605M
| $1.59M | ﹤0.01% |
109,900
+30,600
| +39% | +$442K |
|
2048
Kopin
KOPN
$412M
| $1.59M | ﹤0.01% |
554,200
| – | – |
|
2049
Shoe Carnival
SCVL
$636M
| $1.58M | ﹤0.01% |
97,538
-31,610
| -24% | -$513K |
|
2050
1-800-Flowers.com
FLWS
$343M
| $1.58M | ﹤0.01% |
126,067
+3,564
| +3% | +$44.7K |
|