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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2026
TG Therapeutics
TGTX
$5.1B
| $2M | ﹤0.01% |
179,801
+71,001
| +65% | +$788K |
|
2027
1st Source
SRCE
$1.55B
| $1.99M | ﹤0.01% |
38,428
+7,024
| +22% | +$364K |
|
2028
Heritage Commerce
HTBK
$624M
| $1.99M | ﹤0.01% |
155,312
+50,000
| +47% | +$642K |
|
2029
Thermon Group Holdings
THR
$844M
| $1.98M | ﹤0.01% |
74,014
+9,500
| +15% | +$255K |
|
|
REGI
2030
DELISTED
Renewable Energy Group, Inc.
REGI
| $1.98M | ﹤0.01% |
73,601
+15,401
| +26% | +$415K |
|
2031
Phreesia
PHR
$1.45B
| $1.98M | ﹤0.01% |
+74,394
| New | +$1.98M |
|
2032
Vera Bradley
VRA
$61.5M
| $1.98M | ﹤0.01% |
167,868
+28,215
| +20% | +$333K |
|
2033
Center Bancorp
CNOB
$1.26B
| $1.98M | ﹤0.01% |
76,974
-8,138
| -10% | -$209K |
|
|
LBAI
2034
DELISTED
Lakeland Bancorp Inc
LBAI
| $1.97M | ﹤0.01% |
113,407
-9,512
| -8% | -$165K |
|
2035
FRP Holdings
FRPH
$483M
| $1.96M | ﹤0.01% |
78,810
| – | – |
|
2036
CRA International
CRAI
$1.3B
| $1.95M | ﹤0.01% |
35,713
+5,965
| +20% | +$325K |
|
2037
Orthofix Medical
OFIX
$589M
| $1.95M | ﹤0.01% |
42,113
+500
| +1% | +$23.1K |
|
2038
Extreme Networks
EXTR
$2.95B
| $1.94M | ﹤0.01% |
263,651
+17,992
| +7% | +$133K |
|
|
BZUN
2039
Baozun
BZUN
$276M
| $1.93M | ﹤0.01% |
58,332
+7,840
| +16% | +$260K |
|
|
PGTI
2040
DELISTED
PGT, Inc.
PGTI
| $1.93M | ﹤0.01% |
129,304
+16,500
| +15% | +$246K |
|
2041
Codexis
CDXS
$219M
| $1.93M | ﹤0.01% |
120,491
+15,400
| +15% | +$246K |
|
2042
Cass Information Systems
CASS
$565M
| $1.92M | ﹤0.01% |
33,291
-6,145
| -16% | -$355K |
|
|
BMTC
2043
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.91M | ﹤0.01% |
46,365
-3,245
| -7% | -$134K |
|
2044
Liberty Latin America Class A
LILA
$1.5B
| $1.91M | ﹤0.01% |
104,991
+17,612
| +20% | +$320K |
|
|
DNR
2045
DELISTED
Denbury Resources, Inc.
DNR
| $1.91M | ﹤0.01% |
1,352,757
+7,656
| +0.6% | +$10.8K |
|
|
SWI
2046
DELISTED
SolarWinds Corporation Common Stock
SWI
| $1.91M | ﹤0.01% |
97,413
+12,419
| +15% | +$243K |
|
2047
World Acceptance Corp
WRLD
$900M
| $1.91M | ﹤0.01% |
22,049
-4,864
| -18% | -$420K |
|
|
TRHC
2048
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $1.9M | ﹤0.01% |
39,100
+6,500
| +20% | +$316K |
|
|
HNGR
2049
DELISTED
Hanger Inc.
HNGR
| $1.9M | ﹤0.01% |
68,895
+51,400
| +294% | +$1.42M |
|
2050
Star Bulk Carriers
SBLK
$2.2B
| $1.9M | ﹤0.01% |
161,000
-44,700
| -22% | -$528K |
|