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 | |
|---|---|---|---|---|---|---|
276
Veeva Systems
VEEV
$44.7B
| $70M | 0.07% |
298,706
+3,722
| +1% | +$873K |
|
277
W.R. Berkley
WRB
$27.3B
| $69.7M | 0.07% |
2,736,072
+40,241
| +1% | +$1.02M |
|
278
Dow Inc
DOW
$17.4B
| $69.4M | 0.07% |
1,703,572
-1,505
| -0.1% | -$61.3K |
|
279
Pinnacle West Capital
PNW
$10.6B
| $69.4M | 0.07% |
947,123
+32,912
| +4% | +$2.41M |
|
280
Spotify
SPOT
$146B
| $69M | 0.07% |
267,384
+20,284
| +8% | +$5.24M |
|
281
KLA
KLAC
$119B
| $67.9M | 0.07% |
348,924
-4,964
| -1% | -$965K |
|
282
DocuSign
DOCU
$16.1B
| $67.8M | 0.07% |
393,451
+39,354
| +11% | +$6.78M |
|
|
INFO
283
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $67.5M | 0.07% |
893,850
+15,134
| +2% | +$1.14M |
|
284
RenaissanceRe
RNR
$11.3B
| $67M | 0.07% |
391,735
+30,387
| +8% | +$5.2M |
|
285
EOG Resources
EOG
$64.4B
| $66.6M | 0.07% |
1,313,848
+4,458
| +0.3% | +$226K |
|
286
Kinder Morgan
KMI
$59.1B
| $66.5M | 0.07% |
4,380,743
-42,982
| -1% | -$652K |
|
287
Capital One
COF
$142B
| $65.7M | 0.06% |
1,049,204
+1,168
| +0.1% | +$73.1K |
|
288
Chipotle Mexican Grill
CMG
$55.1B
| $65.6M | 0.06% |
3,117,650
+234,150
| +8% | +$4.93M |
|
289
Brown-Forman Class B
BF.B
$13.7B
| $65.6M | 0.06% |
1,029,965
-393,052
| -28% | -$25M |
|
290
Workday
WDAY
$61.7B
| $65.5M | 0.06% |
349,850
+9,856
| +3% | +$1.85M |
|
291
MetLife
MET
$52.9B
| $65.2M | 0.06% |
1,784,521
-7,563
| -0.4% | -$276K |
|
292
Coca-Cola Europacific Partners
CCEP
$40.4B
| $64.8M | 0.06% |
1,715,130
+44,757
| +3% | +$1.69M |
|
|
JNPR
293
DELISTED
Juniper Networks
JNPR
| $63.7M | 0.06% |
2,785,952
-25,429
| -0.9% | -$581K |
|
294
Globe Life
GL
$11.3B
| $63M | 0.06% |
848,172
+39,615
| +5% | +$2.94M |
|
295
T Rowe Price
TROW
$23.8B
| $62.9M | 0.06% |
509,015
-10,565
| -2% | -$1.3M |
|
296
Constellation Brands
STZ
$26.2B
| $62.8M | 0.06% |
358,862
+31,233
| +10% | +$5.46M |
|
297
Idexx Laboratories
IDXX
$51.4B
| $62.1M | 0.06% |
188,148
-3,152
| -2% | -$1.04M |
|
298
MSCI
MSCI
$42.9B
| $62M | 0.06% |
185,870
-548
| -0.3% | -$183K |
|
299
ResMed
RMD
$40.6B
| $61.9M | 0.06% |
322,643
+2,409
| +0.8% | +$463K |
|
300
Regency Centers
REG
$13.4B
| $61.6M | 0.06% |
1,343,358
+67,477
| +5% | +$3.1M |
|