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 |
Coca-Cola
KO
|
+$95.4M |
| 2 |
PepsiCo
PEP
|
+$73.5M |
| 3 |
Accenture
ACN
|
+$68.9M |
| 4 |
Lockheed Martin
LMT
|
+$66.5M |
| 5 |
Simon Property Group
SPG
|
+$53.6M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
+$144M |
| 2 |
Apple
AAPL
|
+$100M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$98.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.6M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.5M |
Sector Composition
| 1 | Technology | 17.51% |
| 2 | Financials | 17.03% |
| 3 | Healthcare | 13.68% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Laureate Education
LAUR
$4.33B
| $1.66M | ﹤0.01% |
107,164
+7,057
| +7% | +$109K |
|
2027
Modine Manufacturing
MOD
$7.86B
| $1.65M | ﹤0.01% |
110,980
-8,400
| -7% | -$125K |
|
2028
Preferred Bank
PFBC
$1.16B
| $1.65M | ﹤0.01% |
28,260
-2,346
| -8% | -$137K |
|
|
BRSS
2029
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $1.65M | ﹤0.01% |
44,792
-11,423
| -20% | -$422K |
|
2030
Standex International
SXI
$2.47B
| $1.65M | ﹤0.01% |
15,824
-1,763
| -10% | -$184K |
|
|
ATRS
2031
DELISTED
Antares Pharma, Inc.
ATRS
| $1.64M | ﹤0.01% |
488,795
+5,195
| +1% | +$17.5K |
|
2032
PJT Partners
PJT
$4.47B
| $1.64M | ﹤0.01% |
31,310
+5,179
| +20% | +$271K |
|
|
INN
2033
Summit Hotel Properties
INN
$623M
| $1.64M | ﹤0.01% |
120,806
+9,497
| +9% | +$129K |
|
|
MGP
2034
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $1.64M | ﹤0.01% |
55,446
-1,932
| -3% | -$57K |
|
2035
Rigel Pharmaceuticals
RIGL
$681M
| $1.63M | ﹤0.01% |
50,809
-4,260
| -8% | -$137K |
|
2036
Altisource Portfolio Solutions
ASPS
$123M
| $1.63M | ﹤0.01% |
6,322
+1,107
| +21% | +$285K |
|
2037
Arcos Dorados Holdings
ARCO
$1.43B
| $1.62M | ﹤0.01% |
266,825
+9,284
| +4% | +$56.5K |
|
|
PDLI
2038
DELISTED
PDL BioPharma, Inc.
PDLI
| $1.62M | ﹤0.01% |
616,949
+13,398
| +2% | +$35.2K |
|
|
RESI
2039
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.62M | ﹤0.01% |
149,546
-9,462
| -6% | -$103K |
|
2040
Kadant
KAI
$3.69B
| $1.62M | ﹤0.01% |
15,037
-1,598
| -10% | -$172K |
|
2041
Tucows
TCX
$204M
| $1.62M | ﹤0.01% |
29,096
-2,138
| -7% | -$119K |
|
2042
OneSpan
OSPN
$588M
| $1.61M | ﹤0.01% |
84,682
-6,552
| -7% | -$125K |
|
|
INFN
2043
DELISTED
Infinera Corporation Common Stock
INFN
| $1.61M | ﹤0.01% |
220,700
-18,200
| -8% | -$133K |
|
2044
Rayonier Advanced Materials
RYAM
$421M
| $1.6M | ﹤0.01% |
86,833
-8,945
| -9% | -$165K |
|
2045
Carriage Services
CSV
$670M
| $1.6M | ﹤0.01% |
74,192
-3,200
| -4% | -$69K |
|
2046
Cerus
CERS
$236M
| $1.6M | ﹤0.01% |
221,681
+94,053
| +74% | +$678K |
|
2047
Ecovyst
ECVT
$1.06B
| $1.6M | ﹤0.01% |
91,457
-5,109
| -5% | -$89.3K |
|
|
PEI
2048
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $1.6M | ﹤0.01% |
11,251
-350
| -3% | -$49.7K |
|
2049
Movado Group
MOV
$438M
| $1.6M | ﹤0.01% |
38,073
-3,311
| -8% | -$139K |
|
2050
Utah Medical Products
UTMD
$200M
| $1.59M | ﹤0.01% |
16,915
-597
| -3% | -$56.2K |
|