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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2026
National Healthcare
NHC
$1.78B
| $1.89M | ﹤0.01% |
28,519
+110
| +0.4% | +$7.31K |
|
|
RTL
2027
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $1.89M | ﹤0.01% |
254,767
-2,937
| -1% | -$21.8K |
|
2028
Stride
LRN
$6.91B
| $1.89M | ﹤0.01% |
88,997
-2,065
| -2% | -$43.8K |
|
2029
BJ's Restaurants
BJRI
$684M
| $1.89M | ﹤0.01% |
49,027
-900
| -2% | -$34.6K |
|
2030
Buckle
BKE
$3.04B
| $1.88M | ﹤0.01% |
64,441
-1,200
| -2% | -$35K |
|
2031
Veeco
VECO
$1.52B
| $1.88M | ﹤0.01% |
108,127
-2,100
| -2% | -$36.5K |
|
2032
Heritage Financial
HFWA
$833M
| $1.87M | ﹤0.01% |
80,079
-1,500
| -2% | -$35.1K |
|
|
HOME
2033
DELISTED
At Home Group Inc.
HOME
| $1.87M | ﹤0.01% |
120,965
-2,300
| -2% | -$35.6K |
|
2034
Angi Inc
ANGI
$760M
| $1.87M | ﹤0.01% |
14,140
-486
| -3% | -$64.1K |
|
2035
Arcturus Therapeutics
ARCT
$470M
| $1.86M | ﹤0.01% |
42,897
+6,249
| +17% | +$271K |
|
2036
Kforce
KFRC
$567M
| $1.86M | ﹤0.01% |
44,226
-800
| -2% | -$33.7K |
|
2037
Enova International
ENVA
$2.88B
| $1.86M | ﹤0.01% |
75,008
+5,682
| +8% | +$141K |
|
2038
Freedom Holding
FRHC
$10.1B
| $1.86M | ﹤0.01% |
36,192
-700
| -2% | -$35.9K |
|
2039
Oceaneering
OII
$2.43B
| $1.86M | ﹤0.01% |
233,315
-2,593
| -1% | -$20.6K |
|
|
VLDR
2040
DELISTED
Velodyne Lidar, Inc. Common Stock
VLDR
| $1.85M | ﹤0.01% |
81,145
+57,245
| +240% | +$1.31M |
|
2041
Liberty Media Series A
FWONA
$22.5B
| $1.85M | ﹤0.01% |
50,898
-4,686
| -8% | -$170K |
|
2042
Conduent
CNDT
$445M
| $1.85M | ﹤0.01% |
385,457
+11,302
| +3% | +$54.2K |
|
|
UHT
2043
Universal Health Realty Income Trust
UHT
$575M
| $1.85M | ﹤0.01% |
28,755
-500
| -2% | -$32.1K |
|
2044
Innoviva
INVA
$1.22B
| $1.85M | ﹤0.01% |
148,965
-1,530
| -1% | -$19K |
|
2045
DNOW Inc
DNOW
$1.6B
| $1.84M | ﹤0.01% |
256,595
-2,902
| -1% | -$20.8K |
|
2046
Icahn Enterprises
IEP
$4.67B
| $1.84M | ﹤0.01% |
36,300
-800
| -2% | -$40.5K |
|
2047
Inogen
INGN
$231M
| $1.83M | ﹤0.01% |
41,006
-800
| -2% | -$35.7K |
|
2048
Stock Yards Bancorp
SYBT
$2.27B
| $1.83M | ﹤0.01% |
45,250
-900
| -2% | -$36.4K |
|
2049
Acco Brands
ACCO
$361M
| $1.83M | ﹤0.01% |
216,452
-2,367
| -1% | -$20K |
|
2050
Orthofix Medical
OFIX
$589M
| $1.83M | ﹤0.01% |
42,508
-125
| -0.3% | -$5.37K |
|