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 | |
|---|---|---|---|---|---|---|
2101
Q32 Bio
QTTB
$23.5M
| $862K | ﹤0.01% |
3,080
+813
| +36% | +$228K |
|
|
HSKA
2102
DELISTED
Heska Corp
HSKA
| $861K | ﹤0.01% |
15,561
+900
| +6% | +$49.8K |
|
2103
Nicolet Bankshares
NIC
$2B
| $857K | ﹤0.01% |
15,705
+4,600
| +41% | +$251K |
|
2104
AngioDynamics
ANGO
$433M
| $855K | ﹤0.01% |
81,944
| – | – |
|
|
ATRS
2105
DELISTED
Antares Pharma, Inc.
ATRS
| $849K | ﹤0.01% |
359,571
+4,700
| +1% | +$11.1K |
|
2106
Black Stone Minerals
BSM
$2.65B
| $846K | ﹤0.01% |
180,864
-8,800
| -5% | -$41.2K |
|
|
NWLI
2107
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $846K | ﹤0.01% |
4,918
+646
| +15% | +$111K |
|
|
DCP
2108
DELISTED
DCP Midstream, LP
DCP
| $843K | ﹤0.01% |
207,124
+2,900
| +1% | +$11.8K |
|
2109
Boot Barn
BOOT
$5.4B
| $840K | ﹤0.01% |
64,986
-39,029
| -38% | -$504K |
|
2110
Lennar Class B
LEN.B
$34B
| $840K | ﹤0.01% |
30,549
+1,683
| +6% | +$46.3K |
|
2111
Provident Financial
PROV
$103M
| $840K | ﹤0.01% |
55,157
-1,458
| -3% | -$22.2K |
|
2112
Vericel Corp
VCEL
$1.62B
| $836K | ﹤0.01% |
91,200
+500
| +0.6% | +$4.58K |
|
|
GTHX
2113
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $829K | ﹤0.01% |
75,262
-2,600
| -3% | -$28.6K |
|
|
MEET
2114
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $828K | ﹤0.01% |
141,127
+43,896
| +45% | +$258K |
|
|
ENLC
2115
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $827K | ﹤0.01% |
751,690
+89,900
| +14% | +$98.9K |
|
2116
BlackRock TCP Capital
TCPC
$605M
| $825K | ﹤0.01% |
132,000
-3,200
| -2% | -$20K |
|
2117
American Public Education
APEI
$645M
| $824K | ﹤0.01% |
34,445
-4,565
| -12% | -$109K |
|
|
TLND
2118
DELISTED
Talend S.A. American Depositary Shares
TLND
| $823K | ﹤0.01% |
36,700
+17,400
| +90% | +$390K |
|
2119
Dillards
DDS
$8.97B
| $822K | ﹤0.01% |
22,236
-12,142
| -35% | -$449K |
|
|
GB
2120
DELISTED
Global Blue Group Holding
GB
| $822K | ﹤0.01% |
81,200
+16,632
| +26% | +$168K |
|
|
IMOS
2121
ChipMOS TECHNOLOGIES
IMOS
$627M
| $822K | ﹤0.01% |
47,237
| – | – |
|
2122
QuinStreet
QNST
$930M
| $822K | ﹤0.01% |
102,122
-83,600
| -45% | -$673K |
|
2123
Evolent Health
EVH
$1.05B
| $820K | ﹤0.01% |
151,000
-312,149
| -67% | -$1.7M |
|
2124
Horizon Bancorp
HBNC
$833M
| $818K | ﹤0.01% |
82,999
+700
| +0.9% | +$6.9K |
|
2125
Community Trust Bancorp
CTBI
$1.03B
| $816K | ﹤0.01% |
25,664
+1,300
| +5% | +$41.3K |
|