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 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
Alibaba
BABA
|
$274M |
| 3 |
Verizon
VZ
|
$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 5 |
Amazon
AMZN
|
$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
$185M |
| 2 |
CELG
Celgene Corp
CELG
|
$168M |
| 3 |
Procter & Gamble
PG
|
$121M |
| 4 |
Honeywell
HON
|
$109M |
| 5 |
Progressive
PGR
|
$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
326
IQVIA
IQV
$31.8B
| $66.3M | 0.06% |
429,275
-7,601
| -2% | -$1.17M |
|
327
Ulta Beauty
ULTA
$23.5B
| $66.1M | 0.06% |
260,931
-75,192
| -22% | -$19M |
|
|
DFS
328
DELISTED
Discover Financial Services
DFS
| $65.9M | 0.06% |
777,159
-41,526
| -5% | -$3.52M |
|
329
TransDigm Group
TDG
$71.8B
| $65.7M | 0.06% |
117,279
+4,753
| +4% | +$2.66M |
|
330
Constellation Brands
STZ
$25.7B
| $65.6M | 0.06% |
345,929
+20,639
| +6% | +$3.92M |
|
331
Workday
WDAY
$61.9B
| $65.4M | 0.06% |
397,911
+50,411
| +15% | +$8.29M |
|
332
lululemon athletica
LULU
$19.9B
| $65.3M | 0.06% |
282,019
+8,156
| +3% | +$1.89M |
|
333
JD.com
JD
$46.3B
| $65.1M | 0.06% |
1,848,926
+301,232
| +19% | +$10.6M |
|
334
Pultegroup
PHM
$27.9B
| $65M | 0.06% |
1,675,827
+986,745
| +143% | +$38.3M |
|
335
PACCAR
PCAR
$51.3B
| $64.5M | 0.06% |
1,222,236
-38,763
| -3% | -$2.04M |
|
336
SBA Communications
SBAC
$20.5B
| $64.1M | 0.06% |
266,045
+17,021
| +7% | +$4.1M |
|
337
Agilent Technologies
A
$36.1B
| $63.9M | 0.06% |
749,361
+33,615
| +5% | +$2.87M |
|
338
Parker-Hannifin
PH
$96.2B
| $63.8M | 0.06% |
310,125
-9,242
| -3% | -$1.9M |
|
|
ZAYO
339
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $63.7M | 0.06% |
1,837,606
+1,402,898
| +323% | +$48.6M |
|
|
LSXMK
340
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $63.6M | 0.06% |
1,735,154
-39,830
| -2% | -$1.46M |
|
341
LyondellBasell Industries
LYB
$17.4B
| $63.4M | 0.06% |
671,284
-62,516
| -9% | -$5.91M |
|
342
Southwest Airlines
LUV
$16.5B
| $63.3M | 0.06% |
1,171,995
-60,883
| -5% | -$3.29M |
|
343
McKesson
MCK
$86.1B
| $63.1M | 0.06% |
456,456
-18,188
| -4% | -$2.52M |
|
344
Mercado Libre
MELI
$120B
| $62.6M | 0.06% |
109,418
+18,858
| +21% | +$10.8M |
|
345
Kroger
KR
$44.7B
| $61.5M | 0.06% |
2,121,745
+55,603
| +3% | +$1.61M |
|
346
Palo Alto Networks
PANW
$132B
| $61.3M | 0.06% |
1,591,428
+146,952
| +10% | +$5.66M |
|
347
Edison International
EIX
$20.5B
| $61.3M | 0.06% |
813,112
+91,940
| +13% | +$6.93M |
|
|
FLIR
348
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $60.4M | 0.05% |
1,159,628
+48,315
| +4% | +$2.52M |
|
349
Stanley Black & Decker
SWK
$12.1B
| $59.6M | 0.05% |
359,820
-11,124
| -3% | -$1.84M |
|
350
Assurant
AIZ
$10.7B
| $59.6M | 0.05% |
454,725
-16,464
| -3% | -$2.16M |
|