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 | |
|---|---|---|---|---|---|---|
301
IQVIA
IQV
$31.9B
| $82M | 0.06% |
457,919
+18,128
| +4% | +$3.25M |
|
302
T Rowe Price
TROW
$23.8B
| $81.8M | 0.06% |
540,434
+19,487
| +4% | +$2.95M |
|
303
Monster Beverage
MNST
$61B
| $81.8M | 0.06% |
1,768,610
+78,736
| +5% | +$3.64M |
|
304
PPG Industries
PPG
$24.8B
| $81.5M | 0.06% |
565,361
+21,416
| +4% | +$3.09M |
|
305
DexCom
DXCM
$31.6B
| $81.4M | 0.06% |
880,572
+38,996
| +5% | +$3.6M |
|
306
Johnson Controls International
JCI
$69.5B
| $81.1M | 0.06% |
1,739,864
+23,641
| +1% | +$1.1M |
|
307
Match Group
MTCH
$9.18B
| $80.5M | 0.06% |
532,415
+31,556
| +6% | +$4.77M |
|
308
Cummins
CMI
$55.1B
| $79.7M | 0.06% |
350,931
+11,592
| +3% | +$2.63M |
|
309
Trade Desk
TTD
$25.5B
| $79.2M | 0.06% |
988,450
+41,700
| +4% | +$3.34M |
|
310
West Pharmaceutical
WST
$18B
| $79.1M | 0.06% |
279,341
+110,391
| +65% | +$31.3M |
|
311
Credicorp
BAP
$20.7B
| $78.6M | 0.06% |
479,374
+16,271
| +4% | +$2.67M |
|
312
American International
AIG
$43.9B
| $78.6M | 0.06% |
2,076,262
+88,068
| +4% | +$3.33M |
|
313
Globe Life
GL
$11.3B
| $78.4M | 0.06% |
826,099
-26,007
| -3% | -$2.47M |
|
314
Camden Property Trust
CPT
$11.9B
| $78.2M | 0.06% |
783,074
-22,984
| -3% | -$2.3M |
|
315
Carrier Global
CARR
$55.8B
| $78M | 0.06% |
2,068,304
+87,028
| +4% | +$3.28M |
|
316
Prudential Financial
PRU
$37.2B
| $77.8M | 0.06% |
996,423
+45,307
| +5% | +$3.54M |
|
317
Henry Schein
HSIC
$8.42B
| $77.4M | 0.06% |
1,158,077
-33,313
| -3% | -$2.23M |
|
|
318
Aflac
AFL
$57.2B
| $77.3M | 0.06% |
1,737,625
-3,053,370
| -64% | -$136M |
|
319
TransDigm Group
TDG
$71.6B
| $77.1M | 0.06% |
124,638
+5,296
| +4% | +$3.28M |
|
320
CrowdStrike
CRWD
$105B
| $76.8M | 0.06% |
362,802
+17,197
| +5% | +$3.64M |
|
321
Zimmer Biomet
ZBH
$20.9B
| $76.4M | 0.06% |
510,436
+21,295
| +4% | +$3.19M |
|
322
W.R. Berkley
WRB
$27.3B
| $76.1M | 0.06% |
2,579,213
-87,541
| -3% | -$2.58M |
|
323
Everest Group
EG
$14.3B
| $75.8M | 0.06% |
323,748
-9,571
| -3% | -$2.24M |
|
324
Marvell Technology
MRVL
$54.6B
| $75.5M | 0.06% |
1,589,007
+79,533
| +5% | +$3.78M |
|
325
Cintas
CTAS
$82.4B
| $75M | 0.06% |
848,804
+33,372
| +4% | +$2.95M |
|