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 | |
|---|---|---|---|---|---|---|
276
Agilent Technologies
A
$36.5B
| $87.4M | 0.07% |
737,923
+29,359
| +4% | +$3.48M |
|
277
F5
FFIV
$18.1B
| $87.4M | 0.07% |
496,607
-12,034
| -2% | -$2.12M |
|
278
MSCI
MSCI
$42.9B
| $87.3M | 0.07% |
195,608
+8,008
| +4% | +$3.58M |
|
279
Brown-Forman Class B
BF.B
$13.7B
| $86.7M | 0.07% |
1,091,084
+26,823
| +3% | +$2.13M |
|
280
Universal Health Services
UHS
$12.1B
| $86.7M | 0.07% |
630,199
-9,100
| -1% | -$1.25M |
|
281
FirstEnergy
FE
$25.1B
| $86.6M | 0.07% |
2,828,889
+66,244
| +2% | +$2.03M |
|
282
Sysco
SYY
$39.4B
| $86.3M | 0.07% |
1,162,094
+47,589
| +4% | +$3.53M |
|
283
CoStar Group
CSGP
$37.9B
| $86.2M | 0.07% |
932,970
+37,780
| +4% | +$3.49M |
|
284
Roku
ROKU
$14B
| $86.2M | 0.07% |
259,616
+37,360
| +17% | +$12.4M |
|
|
INFO
285
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $85.5M | 0.07% |
951,298
+35,809
| +4% | +$3.22M |
|
286
Marriott International Class A Common Stock
MAR
$71.9B
| $85.4M | 0.07% |
647,615
+28,606
| +5% | +$3.77M |
|
287
Bank of New York Mellon
BK
$73.1B
| $85.2M | 0.07% |
2,007,312
+88,462
| +5% | +$3.75M |
|
288
HP
HPQ
$27.4B
| $84.8M | 0.07% |
3,449,543
+8,148
| +0.2% | +$200K |
|
289
Constellation Brands
STZ
$26.2B
| $84M | 0.06% |
383,418
+16,731
| +5% | +$3.66M |
|
290
eBay
EBAY
$42.3B
| $83.8M | 0.06% |
1,668,111
+50,965
| +3% | +$2.56M |
|
|
ALXN
291
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $83.7M | 0.06% |
535,703
+28,550
| +6% | +$4.46M |
|
292
Parker-Hannifin
PH
$96.1B
| $83.5M | 0.06% |
306,703
+11,653
| +4% | +$3.17M |
|
293
Centene
CNC
$14.2B
| $83.1M | 0.06% |
1,384,266
+61,874
| +5% | +$3.71M |
|
|
XLNX
294
DELISTED
Xilinx Inc
XLNX
| $82.9M | 0.06% |
585,034
+26,462
| +5% | +$3.75M |
|
295
Aptiv
APTV
$17.5B
| $82.9M | 0.06% |
636,060
+23,469
| +4% | +$3.06M |
|
296
Microchip Technology
MCHP
$35.6B
| $82.7M | 0.06% |
1,197,370
+80,466
| +7% | +$5.56M |
|
297
Trane Technologies
TT
$92.1B
| $82.7M | 0.06% |
569,583
+20,264
| +4% | +$2.94M |
|
298
Ford
F
$46.7B
| $82.1M | 0.06% |
9,340,102
+440,350
| +5% | +$3.87M |
|
299
Cboe Global Markets
CBOE
$24.3B
| $82.1M | 0.06% |
881,139
-30,418
| -3% | -$2.83M |
|
300
BioMarin Pharmaceuticals
BMRN
$11.1B
| $82M | 0.06% |
935,672
+25,688
| +3% | +$2.25M |
|