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 |
Verizon
VZ
|
+$165M |
| 2 |
Oracle
ORCL
|
+$139M |
| 3 |
CME Group
CME
|
+$99.7M |
| 4 |
Gilead Sciences
GILD
|
+$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$192M |
| 5 |
Humana
HUM
|
+$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2026
MidCap Financial Investment
MFIC
$1.16B
| $976K | ﹤0.01% |
144,647
-16,400
| -10% | -$111K |
|
2027
Atara Biotherapeutics
ATRA
$85.1M
| $975K | ﹤0.01% |
4,581
+316
| +7% | +$67.3K |
|
2028
Surmodics
SRDX
$457M
| $970K | ﹤0.01% |
29,122
+800
| +3% | +$26.6K |
|
2029
Gossamer Bio
GOSS
$787M
| $969K | ﹤0.01% |
95,423
+13,400
| +16% | +$136K |
|
2030
Pacific Biosciences
PACB
$351M
| $968K | ﹤0.01% |
316,424
-3,300
| -1% | -$10.1K |
|
2031
Griffon
GFF
$3.61B
| $965K | ﹤0.01% |
76,269
+7,160
| +10% | +$90.6K |
|
2032
Arbor Realty Trust
ABR
$2.25B
| $964K | ﹤0.01% |
196,756
-77,840
| -28% | -$381K |
|
2033
Endava
DAVA
$537M
| $964K | ﹤0.01% |
27,427
+13,029
| +90% | +$458K |
|
2034
Heidrick & Struggles
HSII
$1.03B
| $964K | ﹤0.01% |
42,825
-523
| -1% | -$11.8K |
|
2035
Intellia Therapeutics
NTLA
$1.23B
| $964K | ﹤0.01% |
78,800
+12,500
| +19% | +$153K |
|
2036
Cohu
COHU
$964M
| $963K | ﹤0.01% |
77,775
+9,360
| +14% | +$116K |
|
|
KBAL
2037
DELISTED
Kimball International
KBAL
| $961K | ﹤0.01% |
80,674
-43,698
| -35% | -$521K |
|
2038
Kelly Services Class A
KELYA
$481M
| $959K | ﹤0.01% |
75,544
-3,600
| -5% | -$45.7K |
|
|
PRSU
2039
Pursuit Attractions and Hospitality, Inc.
PRSU
$1.04B
| $957K | ﹤0.01% |
45,083
+800
| +2% | +$17K |
|
|
ADAM
2040
Adamas Trust, Inc. Common Stock
ADAM
$644M
| $956K | ﹤0.01% |
154,151
+26,421
| +21% | +$164K |
|
2041
Prothena Corp
PRTA
$442M
| $956K | ﹤0.01% |
89,340
+4,400
| +5% | +$47.1K |
|
|
SG
2042
DELISTED
Sirius International Insurance Group, Ltd. Common Share
SG
| $954K | ﹤0.01% |
112,189
+39,900
| +55% | +$339K |
|
|
AAMI
2043
Acadian Asset Management Inc.
AAMI
$1.74B
| $951K | ﹤0.01% |
148,886
-2,100
| -1% | -$13.4K |
|
|
NVEE
2044
DELISTED
NV5 Global
NVEE
| $949K | ﹤0.01% |
91,936
-23,600
| -20% | -$244K |
|
2045
Viper Energy
VNOM
$6.51B
| $947K | ﹤0.01% |
142,842
-2,700
| -2% | -$17.9K |
|
|
EGRX
2046
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $947K | ﹤0.01% |
20,579
-35,695
| -63% | -$1.64M |
|
2047
Ichor Holdings
ICHR
$579M
| $945K | ﹤0.01% |
49,324
+21,300
| +76% | +$408K |
|
2048
Rocket Pharmaceuticals
RCKT
$341M
| $945K | ﹤0.01% |
67,742
+18,842
| +39% | +$263K |
|
|
DCOM
2049
DELISTED
Dime Community Bancshares
DCOM
| $944K | ﹤0.01% |
68,878
-34,654
| -33% | -$475K |
|
2050
Origin Bancorp
OBK
$1.11B
| $942K | ﹤0.01% |
46,533
+1,620
| +4% | +$32.8K |
|