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 |
Merck
MRK
|
$266M |
| 2 |
Becton Dickinson
BDX
|
$208M |
| 3 |
Apple
AAPL
|
$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
$170M |
Top Sells
| 1 |
Aflac
AFL
|
$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
$68.8M |
| 3 |
UDR
UDR
|
$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
$40.1M |
| 5 |
Arch Capital
ACGL
|
$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Twilio
TWLO
$16.7B
| $113M | 0.09% |
333,461
+46,078
| +16% | +$15.6M |
|
227
Moody's
MCO
$89.5B
| $113M | 0.09% |
388,317
+13,849
| +4% | +$4.02M |
|
228
Boston Scientific
BSX
$159B
| $113M | 0.09% |
3,133,246
+135,290
| +5% | +$4.86M |
|
229
NetEase
NTES
$85B
| $112M | 0.09% |
1,172,833
+257,303
| +28% | +$24.6M |
|
230
Masimo
MASI
$8B
| $112M | 0.09% |
415,783
-7,193
| -2% | -$1.93M |
|
|
BKI
231
DELISTED
Black Knight, Inc. Common Stock
BKI
| $111M | 0.09% |
1,258,036
+2,950
| +0.2% | +$261K |
|
232
Hormel Foods
HRL
$14.1B
| $110M | 0.08% |
2,353,328
-77,805
| -3% | -$3.63M |
|
233
Omnicom Group
OMC
$15.4B
| $109M | 0.08% |
1,745,791
-46,642
| -3% | -$2.91M |
|
234
Snap
SNAP
$12.4B
| $108M | 0.08% |
2,151,557
+123,610
| +6% | +$6.19M |
|
235
Cincinnati Financial
CINF
$24B
| $107M | 0.08% |
1,230,294
-46,185
| -4% | -$4.04M |
|
236
Capital One
COF
$142B
| $107M | 0.08% |
1,087,022
+44,839
| +4% | +$4.43M |
|
237
Roper Technologies
ROP
$55.8B
| $107M | 0.08% |
247,982
+9,649
| +4% | +$4.16M |
|
238
Essex Property Trust
ESS
$17.3B
| $107M | 0.08% |
448,592
-96,273
| -18% | -$22.9M |
|
239
NXP Semiconductors
NXPI
$57.2B
| $106M | 0.08% |
669,743
+25,824
| +4% | +$4.11M |
|
240
J.M. Smucker
SJM
$12B
| $106M | 0.08% |
915,523
-29,591
| -3% | -$3.42M |
|
241
Tyson Foods
TSN
$20B
| $106M | 0.08% |
1,637,903
+48,681
| +3% | +$3.14M |
|
242
HCA Healthcare
HCA
$98.5B
| $105M | 0.08% |
640,169
+26,206
| +4% | +$4.31M |
|
243
ConocoPhillips
COP
$116B
| $104M | 0.08% |
2,597,976
+110,113
| +4% | +$4.4M |
|
244
Alliant Energy
LNT
$16.6B
| $104M | 0.08% |
2,012,639
-63,645
| -3% | -$3.28M |
|
245
Dow Inc
DOW
$17.4B
| $103M | 0.08% |
1,855,789
+91,048
| +5% | +$5.05M |
|
246
Bio-Rad Laboratories Class A
BIO
$8B
| $103M | 0.08% |
175,946
+127,187
| +261% | +$74.1M |
|
247
Evergy
EVRG
$16.5B
| $102M | 0.08% |
1,838,025
-51,839
| -3% | -$2.88M |
|
248
C.H. Robinson
CHRW
$14.9B
| $102M | 0.08% |
1,086,796
-30,918
| -3% | -$2.9M |
|
249
Idexx Laboratories
IDXX
$51.4B
| $101M | 0.08% |
201,922
+9,212
| +5% | +$4.6M |
|
250
Jack Henry & Associates
JKHY
$11.8B
| $101M | 0.08% |
620,450
-17,618
| -3% | -$2.85M |
|