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 |
Costco
COST
|
$253M |
| 2 |
Walmart
WMT
|
$201M |
| 3 |
Amazon
AMZN
|
$110M |
| 4 |
United Parcel Service
UPS
|
$103M |
| 5 |
Pool Corp
POOL
|
$87M |
Top Sells
| 1 |
TJX Companies
TJX
|
$413M |
| 2 |
Chubb
CB
|
$336M |
| 3 |
Coca-Cola
KO
|
$252M |
| 4 |
McCormick & Company Non-Voting
MKC
|
$169M |
| 5 |
Apple
AAPL
|
$152M |
Sector Composition
| 1 | Technology | 23.04% |
| 2 | Healthcare | 14.63% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Communication Services | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Markel Group
MKL
$24.2B
| $125M | 0.09% |
105,330
-2,285
| -2% | -$2.71M |
|
227
Freeport-McMoran
FCX
$66.5B
| $123M | 0.09% |
3,309,420
-13,455
| -0.4% | -$499K |
|
228
Baidu
BIDU
$35.1B
| $122M | 0.09% |
598,907
-2,319
| -0.4% | -$473K |
|
229
Idexx Laboratories
IDXX
$51.4B
| $121M | 0.09% |
192,099
-4,685
| -2% | -$2.96M |
|
230
Incyte
INCY
$16.9B
| $121M | 0.09% |
1,434,339
-10,296
| -0.7% | -$866K |
|
|
TWTR
231
DELISTED
Twitter, Inc.
TWTR
| $120M | 0.09% |
1,747,499
-70,723
| -4% | -$4.87M |
|
232
Roku
ROKU
$14B
| $120M | 0.09% |
260,703
+6,546
| +3% | +$3.01M |
|
233
Teladoc Health
TDOC
$1.38B
| $118M | 0.09% |
710,870
+70,780
| +11% | +$11.8M |
|
234
Verisk Analytics
VRSK
$37.8B
| $116M | 0.09% |
665,225
-6,087
| -0.9% | -$1.06M |
|
235
Cadence Design Systems
CDNS
$95.6B
| $116M | 0.09% |
846,600
-17,205
| -2% | -$2.35M |
|
236
EOG Resources
EOG
$64.4B
| $113M | 0.08% |
1,356,205
-21,837
| -2% | -$1.82M |
|
237
Tyson Foods
TSN
$20B
| $113M | 0.08% |
1,531,103
-71,535
| -4% | -$5.28M |
|
238
eBay
EBAY
$42.3B
| $113M | 0.08% |
1,603,894
+1,180
| +0.1% | +$82.8K |
|
239
KLA
KLAC
$119B
| $112M | 0.08% |
346,609
-13,952
| -4% | -$4.52M |
|
240
Johnson Controls International
JCI
$69.5B
| $112M | 0.08% |
1,630,154
-46,877
| -3% | -$3.22M |
|
241
J.M. Smucker
SJM
$12B
| $111M | 0.08% |
858,217
-19,485
| -2% | -$2.52M |
|
242
Veeva Systems
VEEV
$44.7B
| $111M | 0.08% |
357,453
-3,730
| -1% | -$1.16M |
|
243
Dow Inc
DOW
$17.4B
| $111M | 0.08% |
1,748,636
-22,334
| -1% | -$1.41M |
|
244
Roper Technologies
ROP
$55.8B
| $110M | 0.08% |
234,680
-3,757
| -2% | -$1.77M |
|
245
JD.com
JD
$44.6B
| $110M | 0.08% |
1,377,760
-578,989
| -30% | -$46.2M |
|
246
Bio-Rad Laboratories Class A
BIO
$8B
| $110M | 0.08% |
170,104
-1,835
| -1% | -$1.18M |
|
|
CTXS
247
DELISTED
Citrix Systems Inc
CTXS
| $109M | 0.08% |
928,672
+11,103
| +1% | +$1.3M |
|
248
DocuSign
DOCU
$16.1B
| $108M | 0.08% |
387,247
-33,613
| -8% | -$9.4M |
|
249
BioMarin Pharmaceuticals
BMRN
$11.1B
| $108M | 0.08% |
1,296,440
+373,727
| +41% | +$31.2M |
|
250
Corpay
CPAY
$22.4B
| $108M | 0.08% |
421,734
-7,411
| -2% | -$1.9M |
|