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 | |
|---|---|---|---|---|---|---|
|
BFX
2101
DELISTED
BowFlex Inc.
BFX
| $2.1M | ﹤0.01% |
145,400
+54,300
| +60% | +$784K |
|
2102
Great Lakes Dredge & Dock
GLDD
$821M
| $2.1M | ﹤0.01% |
269,200
+98,400
| +58% | +$767K |
|
2103
America's Car Mart
CRMT
$286M
| $2.09M | ﹤0.01% |
39,400
+1,700
| +5% | +$90.3K |
|
|
PQUE
2104
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $2.08M | ﹤0.01% |
638,900
+276,400
| +76% | +$901K |
|
|
AVX
2105
DELISTED
AVX Corporation
AVX
| $2.08M | ﹤0.01% |
157,400
+1,000
| +0.6% | +$13.2K |
|
2106
Frontline
FRO
$5.17B
| $2.08M | ﹤0.01% |
133,400
+29,280
| +28% | +$457K |
|
|
GLUU
2107
DELISTED
Glu Mobile Inc.
GLUU
| $2.07M | ﹤0.01% |
568,300
+253,600
| +81% | +$924K |
|
2108
Azenta
AZTA
$1.36B
| $2.07M | ﹤0.01% |
157,500
-97,828
| -38% | -$1.29M |
|
2109
NVE Corp
NVEC
$328M
| $2.07M | ﹤0.01% |
30,200
| – | – |
|
2110
Daktronics
DAKT
$1.14B
| $2.07M | ﹤0.01% |
166,000
+4,100
| +3% | +$51K |
|
2111
PROS Holdings
PRO
$699M
| $2.06M | ﹤0.01% |
80,100
-10,752
| -12% | -$277K |
|
|
RESI
2112
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.06M | ﹤0.01% |
119,300
-45,130
| -27% | -$779K |
|
|
AMFW
2113
DELISTED
AMEC Foster Wheeler plc
AMFW
| $2.06M | ﹤0.01% |
+164,994
| New | +$2.06M |
|
2114
Materion
MTRN
$2.31B
| $2.05M | ﹤0.01% |
60,141
-12,650
| -17% | -$432K |
|
|
HW
2115
DELISTED
Headwaters Inc
HW
| $2.05M | ﹤0.01% |
146,135
+37,055
| +34% | +$520K |
|
2116
Alpha and Omega Semiconductor
AOSL
$853M
| $2.05M | ﹤0.01% |
228,300
| – | – |
|
2117
Independent Bank
INDB
$3.56B
| $2.05M | ﹤0.01% |
52,477
+2,200
| +4% | +$85.8K |
|
2118
Helios Technologies
HLIO
$1.8B
| $2.05M | ﹤0.01% |
54,300
+1,300
| +2% | +$49K |
|
2119
FRP Holdings
FRPH
$483M
| $2.04M | ﹤0.01% |
111,400
| – | – |
|
2120
EXL Service
EXLS
$7.04B
| $2.04M | ﹤0.01% |
332,000
| – | – |
|
|
USDP
2121
DELISTED
USD PARTNERS LP
USDP
| $2.04M | ﹤0.01% |
+150,000
| New | +$2.04M |
|
|
BDSI
2122
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $2.04M | ﹤0.01% |
146,630
+7,065
| +5% | +$98.1K |
|
2123
Arrowhead Research
ARWR
$4.11B
| $2.04M | ﹤0.01% |
300,647
+169,800
| +130% | +$1.15M |
|
|
I
2124
DELISTED
INTELSAT S. A.
I
| $2.03M | ﹤0.01% |
125,100
+45,100
| +56% | +$733K |
|
2125
Northfield Bancorp
NFBK
$492M
| $2.03M | ﹤0.01% |
141,400
| – | – |
|