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 | |
|---|---|---|---|---|---|---|
226
Autodesk
ADSK
$67.9B
| $77.2M | 0.09% |
494,568
-68,736
| -12% | -$10.7M |
|
227
ConocoPhillips
COP
$118B
| $77.2M | 0.09% |
2,506,524
-200,868
| -7% | -$6.19M |
|
228
Corpay
CPAY
$22.2B
| $76.6M | 0.09% |
410,686
-10,892
| -3% | -$2.03M |
|
229
General Dynamics
GD
$86.7B
| $76.2M | 0.09% |
576,250
-29,324
| -5% | -$3.88M |
|
230
Dollar Tree
DLTR
$21.5B
| $76.2M | 0.09% |
1,036,947
-32,123
| -3% | -$2.36M |
|
231
JD.com
JD
$44B
| $75.8M | 0.09% |
1,871,318
+22,392
| +1% | +$907K |
|
232
NVR
NVR
$22.7B
| $74.3M | 0.09% |
28,939
+388
| +1% | +$997K |
|
233
Garmin
GRMN
$45.7B
| $74.2M | 0.09% |
989,928
-21,494
| -2% | -$1.61M |
|
234
Analog Devices
ADI
$121B
| $74.1M | 0.09% |
826,727
-41,899
| -5% | -$3.76M |
|
235
C.H. Robinson
CHRW
$15.2B
| $73.5M | 0.09% |
1,110,220
-14,087
| -1% | -$933K |
|
236
Eaton
ETN
$133B
| $72.8M | 0.09% |
936,684
-58,023
| -6% | -$4.51M |
|
|
BKI
237
DELISTED
Black Knight, Inc. Common Stock
BKI
| $72.5M | 0.09% |
1,249,117
+20,411
| +2% | +$1.19M |
|
238
Roper Technologies
ROP
$56B
| $72.1M | 0.09% |
231,104
-11,717
| -5% | -$3.65M |
|
239
NiSource
NI
$19.8B
| $72M | 0.09% |
2,884,058
-75,479
| -3% | -$1.88M |
|
240
Genuine Parts
GPC
$18.9B
| $71.4M | 0.09% |
1,060,379
-22,526
| -2% | -$1.52M |
|
241
Brown & Brown
BRO
$31.4B
| $71M | 0.09% |
1,960,660
-23,799
| -1% | -$862K |
|
242
Centene
CNC
$14.7B
| $71M | 0.09% |
1,194,952
+295,776
| +33% | +$17.6M |
|
243
Lamb Weston
LW
$7.75B
| $70.2M | 0.08% |
1,228,657
+41,694
| +4% | +$2.38M |
|
244
Pinnacle West Capital
PNW
$10.6B
| $69.3M | 0.08% |
914,211
-14,499
| -2% | -$1.1M |
|
245
SBA Communications
SBAC
$21.7B
| $68.2M | 0.08% |
252,752
-13,293
| -5% | -$3.59M |
|
246
FedEx
FDX
$52.9B
| $66.2M | 0.08% |
546,028
-27,222
| -5% | -$3.3M |
|
247
Blackstone
BX
$131B
| $66.2M | 0.08% |
1,451,687
-46,078
| -3% | -$2.1M |
|
248
Emerson Electric
EMR
$73.3B
| $66M | 0.08% |
1,384,666
-58,251
| -4% | -$2.78M |
|
249
Universal Health Services
UHS
$11.5B
| $65.5M | 0.08% |
660,837
-14,271
| -2% | -$1.41M |
|
250
Baidu
BIDU
$33.2B
| $65.4M | 0.08% |
649,236
-3,024
| -0.5% | -$305K |
|