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 | |
|---|---|---|---|---|---|---|
|
TWTR
251
DELISTED
Twitter, Inc.
TWTR
| $100M | 0.08% |
1,855,787
+245,311
| +15% | +$13.3M |
|
252
Workday
WDAY
$61.7B
| $100M | 0.08% |
419,198
+27,334
| +7% | +$6.55M |
|
253
Align Technology
ALGN
$10.1B
| $99.6M | 0.08% |
186,335
+7,832
| +4% | +$4.19M |
|
254
Blackstone
BX
$133B
| $99.3M | 0.08% |
1,532,329
+57,534
| +4% | +$3.73M |
|
255
Spotify
SPOT
$146B
| $98.3M | 0.08% |
312,458
+13,483
| +5% | +$4.24M |
|
256
Booz Allen Hamilton
BAH
$12.6B
| $96.9M | 0.07% |
1,111,346
-34,213
| -3% | -$2.98M |
|
257
MarketAxess Holdings
MKTX
$7.01B
| $96.6M | 0.07% |
169,394
+3,493
| +2% | +$1.99M |
|
258
KLA
KLAC
$119B
| $96.6M | 0.07% |
372,988
+14,709
| +4% | +$3.81M |
|
259
ZTO Express
ZTO
$14.7B
| $96.1M | 0.07% |
3,297,079
+47,912
| +1% | +$1.4M |
|
260
TE Connectivity
TEL
$61.7B
| $95.2M | 0.07% |
786,102
+29,241
| +4% | +$3.54M |
|
261
lululemon athletica
LULU
$19.9B
| $95M | 0.07% |
272,933
+11,756
| +5% | +$4.09M |
|
262
Veeva Systems
VEEV
$44.7B
| $94.9M | 0.07% |
348,742
+42,663
| +14% | +$11.6M |
|
263
Biogen
BIIB
$20.6B
| $94.9M | 0.07% |
387,722
+8,375
| +2% | +$2.05M |
|
264
DocuSign
DOCU
$16.1B
| $94.6M | 0.07% |
425,606
+18,473
| +5% | +$4.11M |
|
265
Sea Limited
SE
$113B
| $93.5M | 0.07% |
469,869
+22,120
| +5% | +$4.4M |
|
266
Teladoc Health
TDOC
$1.38B
| $92.7M | 0.07% |
463,806
+300,236
| +184% | +$60M |
|
267
Palo Alto Networks
PANW
$130B
| $92.7M | 0.07% |
1,565,556
+31,626
| +2% | +$1.87M |
|
268
Atmos Energy
ATO
$26.7B
| $92.7M | 0.07% |
971,698
-21,633
| -2% | -$2.06M |
|
269
Chipotle Mexican Grill
CMG
$55.1B
| $92.6M | 0.07% |
3,339,800
+145,050
| +5% | +$4.02M |
|
270
Peloton Interactive
PTON
$3.27B
| $92M | 0.07% |
606,325
+382,738
| +171% | +$58.1M |
|
271
Brown & Brown
BRO
$31.3B
| $91.2M | 0.07% |
1,923,999
-79,432
| -4% | -$3.77M |
|
272
MetLife
MET
$52.9B
| $90.6M | 0.07% |
1,928,826
+79,481
| +4% | +$3.73M |
|
273
Freeport-McMoran
FCX
$66.5B
| $90.3M | 0.07% |
3,469,102
+156,101
| +5% | +$4.06M |
|
274
General Dynamics
GD
$86.8B
| $90.2M | 0.07% |
605,880
+22,020
| +4% | +$3.28M |
|
275
Equity Lifestyle Properties
ELS
$12B
| $88.9M | 0.07% |
1,402,666
-42,301
| -3% | -$2.68M |
|