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 | |
|---|---|---|---|---|---|---|
326
SBA Communications
SBAC
$20.5B
| $74.5M | 0.06% |
264,228
+10,880
| +4% | +$3.07M |
|
|
ANSS
327
DELISTED
Ansys
ANSS
| $74.5M | 0.06% |
204,855
+8,519
| +4% | +$3.1M |
|
328
Western Union
WU
$2.82B
| $74.4M | 0.06% |
3,393,039
-87,271
| -3% | -$1.91M |
|
329
Phillips 66
PSX
$52.6B
| $73.9M | 0.06% |
1,056,836
+49,878
| +5% | +$3.49M |
|
330
Schlumberger
SLB
$53.4B
| $73.5M | 0.06% |
3,364,773
+186,074
| +6% | +$4.06M |
|
331
EOG Resources
EOG
$64.2B
| $73.4M | 0.06% |
1,471,597
+124,254
| +9% | +$6.2M |
|
332
Atlassian
TEAM
$45.3B
| $73.3M | 0.06% |
313,554
+21,939
| +8% | +$5.13M |
|
333
ResMed
RMD
$40.9B
| $73.2M | 0.06% |
344,308
+14,448
| +4% | +$3.07M |
|
334
Hilton Worldwide
HLT
$65.3B
| $73.1M | 0.06% |
657,324
+29,651
| +5% | +$3.3M |
|
335
Pinnacle West Capital
PNW
$10.5B
| $73M | 0.06% |
913,687
-24,890
| -3% | -$1.99M |
|
336
Campbell Soup
CPB
$10.1B
| $72.5M | 0.06% |
1,498,644
+9,802
| +0.7% | +$474K |
|
337
NiSource
NI
$18.9B
| $71.3M | 0.06% |
3,108,776
-93,869
| -3% | -$2.15M |
|
338
Moderna
MRNA
$9.66B
| $71.2M | 0.05% |
681,625
+29,156
| +4% | +$3.05M |
|
339
Rollins
ROL
$27.7B
| $71.1M | 0.05% |
1,821,034
-16,435
| -0.9% | -$642K |
|
340
McKesson
MCK
$86.7B
| $70.2M | 0.05% |
403,807
+18,775
| +5% | +$3.27M |
|
341
AGNC Investment
AGNC
$10.8B
| $70.2M | 0.05% |
4,501,137
-214,900
| -5% | -$3.35M |
|
342
Enterprise Products Partners
EPD
$68.1B
| $70.2M | 0.05% |
3,580,956
+163,638
| +5% | +$3.21M |
|
343
Okta
OKTA
$16.3B
| $70.1M | 0.05% |
275,781
+12,671
| +5% | +$3.22M |
|
344
Iron Mountain
IRM
$27.3B
| $69.8M | 0.05% |
2,368,608
+9,684
| +0.4% | +$285K |
|
345
Simon Property Group
SPG
$59.6B
| $69.8M | 0.05% |
817,950
+83,308
| +11% | +$7.1M |
|
|
WBA
346
DELISTED
Walgreens Boots Alliance
WBA
| $69.7M | 0.05% |
1,748,516
+77,780
| +5% | +$3.1M |
|
347
PACCAR
PCAR
$51.6B
| $69.7M | 0.05% |
1,211,949
+36,192
| +3% | +$2.08M |
|
348
Rockwell Automation
ROK
$38.8B
| $69.7M | 0.05% |
277,934
+10,843
| +4% | +$2.72M |
|
|
Y
349
DELISTED
Alleghany Corporation
Y
| $69.5M | 0.05% |
115,106
-3,839
| -3% | -$2.32M |
|
350
Corteva
CTVA
$49.5B
| $69.3M | 0.05% |
1,790,643
+81,358
| +5% | +$3.15M |
|