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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Emergent Biosolutions
EBS
$434M
| $2.24M | ﹤0.01% |
77,700
+22,500
| +41% | +$648K |
|
|
FIG
2052
DELISTED
Fortress Investment Group Llc
FIG
| $2.23M | ﹤0.01% |
305,300
| – | – |
|
2053
Cemex
CX
$13.6B
| $2.23M | ﹤0.01% |
261,475
| – | – |
|
2054
Spok Holdings
SPOK
$360M
| $2.23M | ﹤0.01% |
120,253
-2,600
| -2% | -$48.1K |
|
2055
Quantum Corp
QMCO
$98M
| $2.22M | ﹤0.01% |
8,630
-834
| -9% | -$215K |
|
|
BSFT
2056
DELISTED
BroadSoft, Inc.
BSFT
| $2.22M | ﹤0.01% |
80,249
+12,249
| +18% | +$339K |
|
2057
Radware
RDWR
$1.1B
| $2.22M | ﹤0.01% |
99,200
+35,300
| +55% | +$790K |
|
2058
Altria Group
MO
$112B
| $2.21M | ﹤0.01% |
+40,586
| New | +$2.21M |
|
2059
OraSure Technologies
OSUR
$242M
| $2.21M | ﹤0.01% |
223,680
+56,480
| +34% | +$559K |
|
2060
Manitowoc
MTW
$362M
| $2.21M | ﹤0.01% |
128,170
+83,128
| +185% | +$1.43M |
|
|
AENZ
2061
DELISTED
Aenza S.A.A. American Depositary Shares (each representing fifteen (15) Common Shares)
AENZ
| $2.21M | ﹤0.01% |
74,433
+29,100
| +64% | +$862K |
|
|
TOO
2062
DELISTED
Teekay Offshore Partners L.P.
TOO
| $2.21M | ﹤0.01% |
104,200
+2,200
| +2% | +$46.6K |
|
|
PHX
2063
DELISTED
PHX Minerals
PHX
| $2.2M | ﹤0.01% |
102,700
+60,700
| +145% | +$1.3M |
|
|
SBR
2064
Sabine Royalty Trust
SBR
$1.12B
| $2.2M | ﹤0.01% |
54,607
+3,100
| +6% | +$125K |
|
|
GST
2065
DELISTED
Gastar Exploration Inc.
GST
| $2.2M | ﹤0.01% |
832,000
+658,799
| +380% | +$1.74M |
|
2066
ANI Pharmaceuticals
ANIP
$2.12B
| $2.2M | ﹤0.01% |
40,889
+16,900
| +70% | +$907K |
|
|
EPAY
2067
DELISTED
Bottomline Technologies Inc
EPAY
| $2.2M | ﹤0.01% |
92,900
| – | – |
|
|
MRD
2068
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $2.19M | ﹤0.01% |
110,200
+64,800
| +143% | +$1.29M |
|
|
CHMI
2069
Cherry Hill Mortgage Investment Corp
CHMI
$107M
| $2.19M | ﹤0.01% |
128,800
| – | – |
|
2070
Ormat Technologies
ORA
$5.53B
| $2.19M | ﹤0.01% |
80,100
| – | – |
|
|
AFFX
2071
DELISTED
AFFYMETRIX INC
AFFX
| $2.19M | ﹤0.01% |
197,700
-68,389
| -26% | -$757K |
|
|
SASR
2072
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.19M | ﹤0.01% |
88,200
-5,449
| -6% | -$135K |
|
|
TRNX
2073
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $2.18M | ﹤0.01% |
89,100
-1,100
| -1% | -$27K |
|
2074
SCYNEXIS
SCYX
$47M
| $2.18M | ﹤0.01% |
20,000
| – | – |
|
2075
Sarepta Therapeutics
SRPT
$1.82B
| $2.18M | ﹤0.01% |
177,100
+70,300
| +66% | +$866K |
|