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 |
NVIDIA
NVDA
|
$894M |
| 2 |
UnitedHealth
UNH
|
$430M |
| 3 |
Intel
INTC
|
$409M |
| 4 |
Amazon
AMZN
|
$352M |
| 5 |
Broadcom
AVGO
|
$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$415M |
| 2 |
Microsoft
MSFT
|
$275M |
| 3 |
VMW
VMware, Inc
VMW
|
$221M |
| 4 |
JPMorgan Chase
JPM
|
$146M |
| 5 |
Verizon
VZ
|
$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
Charter Communications
CHTR
$35.7B
| $75.8M | 0.06% |
195,003
-6,950
| -3% | -$2.7M |
|
302
W.P. Carey
WPC
$14.9B
| $75.5M | 0.06% |
1,164,290
+28,317
| +2% | +$1.84M |
|
|
XYZ
303
Block, Inc.
XYZ
$45.7B
| $74.4M | 0.06% |
962,367
+158,160
| +20% | +$12.2M |
|
304
Digital Realty Trust
DLR
$55.7B
| $74.2M | 0.06% |
551,342
+1,175
| +0.2% | +$158K |
|
305
Ameriprise Financial
AMP
$46.1B
| $74.2M | 0.06% |
195,282
-10,880
| -5% | -$4.13M |
|
306
Occidental Petroleum
OXY
$45.2B
| $74.1M | 0.06% |
1,241,834
-42,300
| -3% | -$2.53M |
|
307
Flex
FLEX
$20.8B
| $73.8M | 0.06% |
3,215,857
+1,253,919
| +64% | +$28.8M |
|
308
Incyte
INCY
$16.9B
| $73.5M | 0.06% |
1,169,995
-356
| -0% | -$22.4K |
|
309
Evergy
EVRG
$16.5B
| $73.4M | 0.06% |
1,406,363
-36,322
| -3% | -$1.9M |
|
|
HES
310
DELISTED
Hess
HES
| $73.3M | 0.06% |
508,422
-12,613
| -2% | -$1.82M |
|
311
United Rentals
URI
$62.7B
| $73.1M | 0.06% |
127,413
-9,259
| -7% | -$5.31M |
|
312
Fortinet
FTNT
$60.4B
| $72.4M | 0.06% |
1,237,121
-44,209
| -3% | -$2.59M |
|
313
Lennar Class A
LEN
$36.7B
| $72.3M | 0.05% |
501,430
-19,511
| -4% | -$2.82M |
|
314
Archer Daniels Midland
ADM
$30.2B
| $71.7M | 0.05% |
992,668
-36,345
| -4% | -$2.62M |
|
315
Dow Inc
DOW
$17.4B
| $71.3M | 0.05% |
1,300,930
-65,753
| -5% | -$3.61M |
|
316
Lamb Weston
LW
$8.08B
| $71M | 0.05% |
657,296
+17,498
| +3% | +$1.89M |
|
317
Oneok
OKE
$45.7B
| $70.6M | 0.05% |
1,004,904
+166,234
| +20% | +$11.7M |
|
318
F5
FFIV
$18.1B
| $69.4M | 0.05% |
387,598
-9,473
| -2% | -$1.7M |
|
319
Constellation Energy
CEG
$94.2B
| $69M | 0.05% |
590,225
+92,435
| +19% | +$10.8M |
|
320
Sysco
SYY
$39.4B
| $68.8M | 0.05% |
941,181
-21,831
| -2% | -$1.6M |
|
321
NiSource
NI
$19B
| $68.6M | 0.05% |
2,582,562
-11,609
| -0.4% | -$308K |
|
322
Prudential Financial
PRU
$37.2B
| $68.1M | 0.05% |
656,296
-21,902
| -3% | -$2.27M |
|
323
Otis Worldwide
OTIS
$34.1B
| $67.4M | 0.05% |
753,463
-37,650
| -5% | -$3.37M |
|
324
Rockwell Automation
ROK
$38.2B
| $66.2M | 0.05% |
213,119
-8,307
| -4% | -$2.58M |
|
325
Tradeweb Markets
TW
$25.4B
| $66.2M | 0.05% |
728,000
+671
| +0.1% | +$61K |
|