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 |
Gilead Sciences
GILD
|
$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
$408M |
| 4 |
Adobe
ADBE
|
$333M |
| 5 |
T-Mobile US
TMUS
|
$205M |
Top Sells
| 1 |
Apple
AAPL
|
$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$146M |
| 3 |
Sysco
SYY
|
$144M |
| 4 |
AGN
Allergan plc
AGN
|
$134M |
| 5 |
Welltower
WELL
|
$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
251
MarketAxess Holdings
MKTX
$7.01B
| $81.1M | 0.08% |
161,931
+5,478
| +4% | +$2.74M |
|
252
lululemon athletica
LULU
$19.9B
| $79.4M | 0.08% |
254,402
-12,153
| -5% | -$3.79M |
|
253
Annaly Capital Management
NLY
$14.2B
| $79.1M | 0.08% |
3,015,712
+36,958
| +1% | +$970K |
|
254
Eaton
ETN
$136B
| $78.8M | 0.08% |
900,774
-35,910
| -4% | -$3.14M |
|
255
Lamb Weston
LW
$8.08B
| $78.7M | 0.08% |
1,230,983
+2,326
| +0.2% | +$149K |
|
256
Cadence Design Systems
CDNS
$95.6B
| $78.7M | 0.08% |
819,676
+2,441
| +0.3% | +$234K |
|
|
XYZ
257
Block, Inc.
XYZ
$45.7B
| $77.5M | 0.08% |
738,707
+33,607
| +5% | +$3.53M |
|
258
Baidu
BIDU
$35.1B
| $76.5M | 0.08% |
637,820
-11,416
| -2% | -$1.37M |
|
259
FedEx
FDX
$53.7B
| $76.2M | 0.08% |
543,182
-2,846
| -0.5% | -$399K |
|
260
NetEase
NTES
$85B
| $75.8M | 0.07% |
883,105
+41,365
| +5% | +$3.55M |
|
261
Western Union
WU
$2.86B
| $75.8M | 0.07% |
3,506,360
-62,796
| -2% | -$1.36M |
|
262
Campbell Soup
CPB
$10.1B
| $74.1M | 0.07% |
1,492,229
+84,706
| +6% | +$4.2M |
|
263
Camden Property Trust
CPT
$11.9B
| $74.1M | 0.07% |
811,818
+4,092
| +0.5% | +$373K |
|
264
SBA Communications
SBAC
$21.2B
| $73.8M | 0.07% |
247,775
-4,977
| -2% | -$1.48M |
|
265
General Motors
GM
$55.5B
| $73.3M | 0.07% |
2,895,657
+45,888
| +2% | +$1.16M |
|
|
WBA
266
DELISTED
Walgreens Boots Alliance
WBA
| $72M | 0.07% |
1,699,645
-37,798
| -2% | -$1.6M |
|
267
NXP Semiconductors
NXPI
$57.2B
| $71.7M | 0.07% |
628,429
-15,395
| -2% | -$1.76M |
|
268
Bank of New York Mellon
BK
$73.1B
| $71.5M | 0.07% |
1,850,420
+5,467
| +0.3% | +$211K |
|
269
Fidelity National Financial
FNF
$16.5B
| $71.5M | 0.07% |
2,424,641
+34,072
| +1% | +$1M |
|
270
F5
FFIV
$18.1B
| $71.4M | 0.07% |
511,887
+19,344
| +4% | +$2.7M |
|
271
NiSource
NI
$19B
| $71.3M | 0.07% |
3,135,731
+251,673
| +9% | +$5.72M |
|
272
Phillips 66
PSX
$53.2B
| $70.8M | 0.07% |
984,858
-37,324
| -4% | -$2.68M |
|
|
SPLK
273
DELISTED
Splunk Inc
SPLK
| $70.6M | 0.07% |
355,395
+35,471
| +11% | +$7.05M |
|
274
Henry Schein
HSIC
$8.42B
| $70.5M | 0.07% |
1,207,653
-3,982
| -0.3% | -$233K |
|
275
Everest Group
EG
$14.3B
| $70.3M | 0.07% |
341,104
+8,074
| +2% | +$1.66M |
|