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 | |
|---|---|---|---|---|---|---|
2051
BlackRock TCP Capital
TCPC
$605M
| $1.9M | ﹤0.01% |
135,200
+17,500
| +15% | +$246K |
|
|
TCDA
2052
DELISTED
Tricida, Inc. Common Stock
TCDA
| $1.9M | ﹤0.01% |
50,341
+6,800
| +16% | +$257K |
|
|
USAP
2053
DELISTED
Universal Stainless & Alloy
USAP
| $1.9M | ﹤0.01% |
127,400
| – | – |
|
2054
RadNet
RDNT
$5.69B
| $1.89M | ﹤0.01% |
93,187
+23,000
| +33% | +$467K |
|
2055
Denali Therapeutics
DNLI
$2.07B
| $1.89M | ﹤0.01% |
108,573
+19,900
| +22% | +$347K |
|
|
CLCT
2056
DELISTED
Collectors Universe
CLCT
| $1.88M | ﹤0.01% |
81,700
-32,600
| -29% | -$751K |
|
2057
Ennis
EBF
$463M
| $1.88M | ﹤0.01% |
86,710
-22,717
| -21% | -$492K |
|
2058
Northfield Bancorp
NFBK
$492M
| $1.88M | ﹤0.01% |
110,563
+7,200
| +7% | +$122K |
|
2059
Great Southern Bancorp
GSBC
$710M
| $1.87M | ﹤0.01% |
29,586
+4,165
| +16% | +$264K |
|
|
MCHB
2060
Mechanics Bancorp Class A Common Stock
MCHB
$3.03B
| $1.87M | ﹤0.01% |
55,044
-6,630
| -11% | -$225K |
|
2061
Shutterstock
SSTK
$742M
| $1.87M | ﹤0.01% |
43,533
+5,500
| +14% | +$236K |
|
|
AEGN
2062
DELISTED
Aegion Corp
AEGN
| $1.86M | ﹤0.01% |
83,315
+1,800
| +2% | +$40.3K |
|
2063
Northern Oil and Gas
NOG
$2.48B
| $1.86M | ﹤0.01% |
79,582
+357
| +0.5% | +$8.35K |
|
2064
Washington Trust Bancorp
WASH
$573M
| $1.86M | ﹤0.01% |
34,585
+4,300
| +14% | +$231K |
|
2065
Ducommun
DCO
$1.39B
| $1.86M | ﹤0.01% |
36,717
-3,100
| -8% | -$157K |
|
2066
Universal Electronics
UEIC
$62.3M
| $1.85M | ﹤0.01% |
35,455
+2,468
| +7% | +$129K |
|
|
ACHN
2067
DELISTED
Achillion Pharmaceuticals, Inc.
ACHN
| $1.85M | ﹤0.01% |
307,099
+92,491
| +43% | +$558K |
|
2068
Pitney Bowes
PBI
$1.96B
| $1.85M | ﹤0.01% |
459,060
+21,109
| +5% | +$85.1K |
|
2069
International Seaways
INSW
$2.33B
| $1.85M | ﹤0.01% |
62,144
+49,167
| +379% | +$1.46M |
|
2070
StealthGas
GASS
$271M
| $1.85M | ﹤0.01% |
538,400
| – | – |
|
2071
REV Group
REVG
$3.02B
| $1.85M | ﹤0.01% |
151,050
+139,350
| +1,191% | +$1.7M |
|
|
SWAV
2072
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $1.85M | ﹤0.01% |
+42,048
| New | +$1.85M |
|
|
LK
2073
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $1.85M | ﹤0.01% |
+46,922
| New | +$1.85M |
|
2074
Beazer Homes USA
BZH
$781M
| $1.84M | ﹤0.01% |
130,527
+100,666
| +337% | +$1.42M |
|
2075
Buckle
BKE
$3.04B
| $1.84M | ﹤0.01% |
67,966
+2,284
| +3% | +$61.8K |
|