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
|
+$198M |
| 2 |
PepsiCo
PEP
|
+$177M |
| 3 |
Procter & Gamble
PG
|
+$156M |
| 4 |
Linde
LIN
|
+$155M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$152M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$174M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| 1 | Financials | 16.41% |
| 2 | Technology | 16.21% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.86% |
| 5 | Industrials | 9.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2026
Sierra Bancorp
BSRR
$409M
| $1.29M | ﹤0.01% |
53,555
| – | – |
|
2027
Hanmi Financial
HAFC
$750M
| $1.29M | ﹤0.01% |
65,322
+21,460
| +49% | +$423K |
|
2028
Calix
CALX
$4.03B
| $1.29M | ﹤0.01% |
131,837
-8,759
| -6% | -$85.4K |
|
2029
Esperion Therapeutics
ESPR
$561M
| $1.28M | ﹤0.01% |
27,900
-1,400
| -5% | -$64.4K |
|
2030
Herc Holdings
HRI
$4.29B
| $1.28M | ﹤0.01% |
49,372
-1,794
| -4% | -$46.6K |
|
2031
MakeMyTrip
MMYT
$9.32B
| $1.28M | ﹤0.01% |
52,672
+10,372
| +25% | +$252K |
|
2032
Citi Trends
CTRN
$287M
| $1.28M | ﹤0.01% |
62,842
| – | – |
|
|
TGI
2033
DELISTED
Triumph Group
TGI
| $1.28M | ﹤0.01% |
111,424
-6,646
| -6% | -$76.4K |
|
2034
Atlanta Braves Holdings Series B
BATRK
$2.61B
| $1.28M | ﹤0.01% |
51,410
-2,200
| -4% | -$54.8K |
|
2035
Financial Institutions
FISI
$535M
| $1.28M | ﹤0.01% |
49,780
+409
| +0.8% | +$10.5K |
|
2036
HealthStream
HSTM
$860M
| $1.28M | ﹤0.01% |
52,874
-2,400
| -4% | -$58K |
|
|
BFS
2037
Saul Centers
BFS
$785M
| $1.27M | ﹤0.01% |
26,957
-900
| -3% | -$42.5K |
|
|
SLCA
2038
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $1.27M | ﹤0.01% |
125,033
-10,700
| -8% | -$109K |
|
2039
Hawkins
HWKN
$3.64B
| $1.27M | ﹤0.01% |
61,922
| – | – |
|
2040
NVE Corp
NVEC
$327M
| $1.27M | ﹤0.01% |
14,490
+108
| +0.8% | +$9.45K |
|
|
CBL
2041
DELISTED
CBL& Associates Properties, Inc.
CBL
| $1.27M | ﹤0.01% |
659,957
+72,014
| +12% | +$138K |
|
2042
Primoris Services
PRIM
$6.67B
| $1.27M | ﹤0.01% |
66,136
-2,638
| -4% | -$50.5K |
|
|
KANG
2043
DELISTED
iKang Healthcare Group, Inc.
KANG
| $1.26M | ﹤0.01% |
62,013
-10,151
| -14% | -$207K |
|
2044
White Mountains Insurance
WTM
$4.42B
| $1.26M | ﹤0.01% |
1,472
+54
| +4% | +$46.3K |
|
2045
Adtran
ADTN
$836M
| $1.26M | ﹤0.01% |
117,531
-151
| -0.1% | -$1.62K |
|
2046
Insteel Industries
IIIN
$750M
| $1.26M | ﹤0.01% |
51,817
-2,400
| -4% | -$58.3K |
|
|
RRD
2047
DELISTED
RR Donnelley & Sons Co.
RRD
| $1.26M | ﹤0.01% |
317,711
-13,175
| -4% | -$52.2K |
|
2048
UNIFI
UFI
$83.4M
| $1.26M | ﹤0.01% |
54,930
+1,285
| +2% | +$29.4K |
|
2049
Columbus McKinnon
CMCO
$425M
| $1.25M | ﹤0.01% |
41,562
-2,809
| -6% | -$84.7K |
|
2050
Owens & Minor
OMI
$402M
| $1.25M | ﹤0.01% |
197,949
+17,740
| +10% | +$112K |
|