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 |
NVIDIA
NVDA
|
$894M |
| 2 |
UnitedHealth
UNH
|
$430M |
| 3 |
Intel
INTC
|
$409M |
| 4 |
Amazon
AMZN
|
$352M |
| 5 |
Broadcom
AVGO
|
$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$415M |
| 2 |
Microsoft
MSFT
|
$275M |
| 3 |
VMW
VMware, Inc
VMW
|
$221M |
| 4 |
JPMorgan Chase
JPM
|
$146M |
| 5 |
Verizon
VZ
|
$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Atmos Energy
ATO
$26.7B
| $103M | 0.08% |
889,224
+2,820
| +0.3% | +$327K |
|
227
Labcorp
LH
$23.2B
| $103M | 0.08% |
452,431
+1,979
| +0.4% | +$450K |
|
228
lululemon athletica
LULU
$20.1B
| $103M | 0.08% |
200,592
-6,781
| -3% | -$3.47M |
|
229
Marriott International Class A Common Stock
MAR
$71.9B
| $102M | 0.08% |
454,319
-23,543
| -5% | -$5.31M |
|
230
Workday
WDAY
$61.7B
| $102M | 0.08% |
368,413
-4,361
| -1% | -$1.2M |
|
231
Hologic
HOLX
$14.8B
| $102M | 0.08% |
1,422,317
+27,461
| +2% | +$1.96M |
|
232
HCA Healthcare
HCA
$98.5B
| $102M | 0.08% |
375,204
-25,910
| -6% | -$7.01M |
|
233
Tyler Technologies
TYL
$24.2B
| $101M | 0.08% |
241,604
+1,159
| +0.5% | +$485K |
|
234
Jabil
JBL
$22.5B
| $100M | 0.08% |
784,669
+19,611
| +3% | +$2.5M |
|
235
CrowdStrike
CRWD
$105B
| $99.7M | 0.08% |
390,531
+4,780
| +1% | +$1.22M |
|
236
KKR & Co
KKR
$121B
| $99.7M | 0.08% |
1,202,841
+9,266
| +0.8% | +$768K |
|
237
TransDigm Group
TDG
$71.6B
| $99.2M | 0.08% |
98,074
-1,877
| -2% | -$1.9M |
|
238
Autodesk
ADSK
$69.5B
| $98.6M | 0.07% |
405,065
-7,199
| -2% | -$1.75M |
|
239
Airbnb
ABNB
$75.8B
| $98.5M | 0.07% |
723,533
-18,788
| -3% | -$2.56M |
|
240
Factset
FDS
$14B
| $98.3M | 0.07% |
206,074
+3,110
| +2% | +$1.48M |
|
241
PACCAR
PCAR
$52B
| $98.3M | 0.07% |
1,006,507
-39,526
| -4% | -$3.86M |
|
242
GoDaddy
GDDY
$20.1B
| $98M | 0.07% |
923,122
-1,366
| -0.1% | -$145K |
|
243
Quest Diagnostics
DGX
$20.5B
| $97.8M | 0.07% |
709,465
-7,477
| -1% | -$1.03M |
|
244
Alexandria Real Estate Equities
ARE
$14.5B
| $97.8M | 0.07% |
771,592
-2,546
| -0.3% | -$323K |
|
245
Norfolk Southern
NSC
$62.3B
| $97.7M | 0.07% |
413,260
-18,963
| -4% | -$4.48M |
|
246
Cintas
CTAS
$82.4B
| $97.4M | 0.07% |
646,496
-20,056
| -3% | -$3.02M |
|
247
Omnicom Group
OMC
$15.4B
| $95.6M | 0.07% |
1,104,617
-20,243
| -2% | -$1.75M |
|
|
PXD
248
DELISTED
Pioneer Natural Resource Co.
PXD
| $95.5M | 0.07% |
424,530
-30,052
| -7% | -$6.76M |
|
249
Capital One
COF
$142B
| $94.9M | 0.07% |
723,564
-27,387
| -4% | -$3.59M |
|
250
Biogen
BIIB
$20.6B
| $94M | 0.07% |
363,209
+82,046
| +29% | +$21.2M |
|