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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
2301
Dorchester Minerals
DMLP
$1.2B
| $908K | ﹤0.01% |
71,041
+4,101
| +6% | +$52.4K |
|
|
MSGN
2302
DELISTED
MSG Networks Inc.
MSGN
| $907K | ﹤0.01% |
91,130
-6,164
| -6% | -$61.3K |
|
2303
Comtech Telecommunications
CMTL
$69.1M
| $904K | ﹤0.01% |
53,544
+800
| +2% | +$13.5K |
|
2304
Bally's
BALY
$487M
| $903K | ﹤0.01% |
40,509
+11,448
| +39% | +$255K |
|
2305
Merus
MRUS
$5.26B
| $903K | ﹤0.01% |
56,095
+44,654
| +390% | +$719K |
|
|
SBR
2306
Sabine Royalty Trust
SBR
$1.12B
| $903K | ﹤0.01% |
32,575
-200
| -0.6% | -$5.54K |
|
|
USCR
2307
DELISTED
U S Concrete, Inc.
USCR
| $903K | ﹤0.01% |
36,426
+135
| +0.4% | +$3.35K |
|
2308
Live Oak Bancshares
LOB
$1.67B
| $902K | ﹤0.01% |
62,191
+27,187
| +78% | +$394K |
|
2309
eXp World Holdings
EXPI
$1.75B
| $897K | ﹤0.01% |
105,274
+73,200
| +228% | +$624K |
|
|
GPMT
2310
Granite Point Mortgage Trust
GPMT
$142M
| $894K | ﹤0.01% |
124,545
+3,803
| +3% | +$27.3K |
|
2311
Bank First Corp
BFC
$1.26B
| $893K | ﹤0.01% |
13,938
+6,994
| +101% | +$448K |
|
|
XENT
2312
DELISTED
Intersect ENT, Inc
XENT
| $891K | ﹤0.01% |
65,800
+3,200
| +5% | +$43.3K |
|
2313
Luxfer Holdings
LXFR
$356M
| $888K | ﹤0.01% |
62,724
+23,900
| +62% | +$338K |
|
|
BDSI
2314
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $888K | ﹤0.01% |
203,601
+12,968
| +7% | +$56.6K |
|
2315
Cars.com
CARS
$829M
| $886K | ﹤0.01% |
153,868
+4,103
| +3% | +$23.6K |
|
2316
Koppers
KOP
$567M
| $886K | ﹤0.01% |
47,017
+4,361
| +10% | +$82.2K |
|
|
LGF.A
2317
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $886K | ﹤0.01% |
119,610
+5,869
| +5% | +$43.5K |
|
2318
DMC Global
BOOM
$145M
| $885K | ﹤0.01% |
32,070
+697
| +2% | +$19.2K |
|
2319
Protagonist Therapeutics
PTGX
$3.66B
| $883K | ﹤0.01% |
+50,000
| New | +$883K |
|
2320
Syndax Pharmaceuticals
SNDX
$1.34B
| $883K | ﹤0.01% |
59,591
+45,191
| +314% | +$670K |
|
|
TEN
2321
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $879K | ﹤0.01% |
116,321
+3,526
| +3% | +$26.6K |
|
2322
Barrett Business Services
BBSI
$1.2B
| $878K | ﹤0.01% |
66,088
+956
| +1% | +$12.7K |
|
|
NEX
2323
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $877K | ﹤0.01% |
358,056
+2,651
| +0.7% | +$6.49K |
|
2324
American Vanguard Corp
AVD
$160M
| $876K | ﹤0.01% |
63,666
-420
| -0.7% | -$5.78K |
|
|
PENG
2325
Penguin Solutions, Inc. Ordinary Shares
PENG
$1.36B
| $876K | ﹤0.01% |
64,434
+2,998
| +5% | +$40.8K |
|