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 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
Intuitive Surgical
ISRG
|
$179M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
XYZ
226
Block, Inc.
XYZ
$46.2B
| $123M | 0.08% |
764,507
-115,329
| -13% | -$18.6M |
|
227
BioMarin Pharmaceuticals
BMRN
$11.3B
| $123M | 0.08% |
1,394,072
-9,727
| -0.7% | -$859K |
|
228
Zscaler
ZS
$42.4B
| $123M | 0.08% |
382,001
+14,402
| +4% | +$4.63M |
|
229
Mercado Libre
MELI
$120B
| $123M | 0.08% |
90,889
-1,730
| -2% | -$2.33M |
|
230
Idexx Laboratories
IDXX
$50.2B
| $122M | 0.08% |
184,653
-5,912
| -3% | -$3.89M |
|
231
Omnicom Group
OMC
$15B
| $121M | 0.08% |
1,648,664
-34,513
| -2% | -$2.53M |
|
232
Illumina
ILMN
$15.3B
| $120M | 0.08% |
315,206
-12,444
| -4% | -$4.73M |
|
233
Emerson Electric
EMR
$72.8B
| $119M | 0.08% |
1,283,022
-67,809
| -5% | -$6.3M |
|
234
Evergy
EVRG
$16.3B
| $119M | 0.08% |
1,732,505
-41,443
| -2% | -$2.84M |
|
235
IQVIA
IQV
$31.2B
| $117M | 0.08% |
416,058
-16,171
| -4% | -$4.56M |
|
236
Agilent Technologies
A
$35.3B
| $116M | 0.08% |
728,696
-65,084
| -8% | -$10.4M |
|
237
MarketAxess Holdings
MKTX
$6.75B
| $116M | 0.08% |
281,942
-3,101
| -1% | -$1.28M |
|
238
Alliant Energy
LNT
$16.5B
| $116M | 0.08% |
1,884,242
-59,805
| -3% | -$3.68M |
|
239
Masimo
MASI
$7.42B
| $115M | 0.08% |
394,036
-6,520
| -2% | -$1.91M |
|
240
Atlassian
TEAM
$45.1B
| $115M | 0.08% |
302,093
-344
| -0.1% | -$131K |
|
241
TE Connectivity
TEL
$60.6B
| $115M | 0.08% |
713,365
-30,848
| -4% | -$4.98M |
|
242
EOG Resources
EOG
$66.3B
| $115M | 0.08% |
1,291,980
-57,335
| -4% | -$5.09M |
|
243
F5
FFIV
$17.6B
| $113M | 0.08% |
463,155
-13,078
| -3% | -$3.2M |
|
244
Simon Property Group
SPG
$58.5B
| $113M | 0.08% |
708,374
-25,751
| -4% | -$4.11M |
|
|
XLNX
245
DELISTED
Xilinx Inc
XLNX
| $113M | 0.08% |
533,760
-18,924
| -3% | -$4.01M |
|
246
General Dynamics
GD
$86.5B
| $112M | 0.07% |
536,602
-28,248
| -5% | -$5.89M |
|
247
Align Technology
ALGN
$9.63B
| $112M | 0.07% |
170,144
-6,251
| -4% | -$4.11M |
|
248
DexCom
DXCM
$30B
| $112M | 0.07% |
207,952
+12,880
| +7% | +$6.92M |
|
249
Workday
WDAY
$62.8B
| $111M | 0.07% |
407,893
-6,940
| -2% | -$1.9M |
|
250
J.M. Smucker
SJM
$11.8B
| $111M | 0.07% |
820,348
-27,888
| -3% | -$3.79M |
|