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 |
Netflix
NFLX
|
$376M |
| 2 |
Charter Communications
CHTR
|
$360M |
| 3 |
Costco
COST
|
$202M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$185M |
| 5 |
Microsoft
MSFT
|
$158M |
Top Sells
| 1 |
Coca-Cola
KO
|
$211M |
| 2 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$174M |
| 3 |
Labcorp
LH
|
$151M |
| 4 |
Stryker
SYK
|
$128M |
| 5 |
Mid-America Apartment Communities
MAA
|
$115M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
326
Cummins
CMI
$55.1B
| $73.6M | 0.05% |
327,552
-3,895
| -1% | -$875K |
|
327
Pinduoduo
PDD
$177B
| $73.3M | 0.05% |
808,465
+10,187
| +1% | +$924K |
|
328
NiSource
NI
$19B
| $73M | 0.05% |
3,012,788
+39,684
| +1% | +$962K |
|
329
Arista Networks
ANET
$180B
| $72.9M | 0.05% |
3,395,248
+1,246,880
| +58% | +$26.8M |
|
330
TransDigm Group
TDG
$71.6B
| $72.2M | 0.05% |
115,674
-31
| -0% | -$19.4K |
|
331
Gen Digital
GEN
$18.2B
| $72.2M | 0.05% |
2,854,535
+161,939
| +6% | +$4.1M |
|
332
Assurant
AIZ
$10.7B
| $72M | 0.05% |
456,193
+48
| +0% | +$7.57K |
|
333
McKesson
MCK
$85.5B
| $71.7M | 0.05% |
359,640
-15,309
| -4% | -$3.05M |
|
334
Mettler-Toledo International
MTD
$26.9B
| $71.5M | 0.05% |
51,946
-294
| -0.6% | -$405K |
|
335
Williams Companies
WMB
$69.9B
| $70.7M | 0.05% |
2,723,900
-2,942
| -0.1% | -$76.3K |
|
|
JNPR
336
DELISTED
Juniper Networks
JNPR
| $70.4M | 0.05% |
2,558,324
+1,089
| +0% | +$30K |
|
337
AvalonBay Communities
AVB
$27.8B
| $70.3M | 0.05% |
317,092
+1,690
| +0.5% | +$375K |
|
338
EPAM Systems
EPAM
$9.44B
| $69.4M | 0.05% |
121,716
-427
| -0.3% | -$244K |
|
339
Ameriprise Financial
AMP
$46.1B
| $69.3M | 0.05% |
262,264
-14,710
| -5% | -$3.89M |
|
340
Corteva
CTVA
$49.1B
| $69.1M | 0.05% |
1,642,593
-15,731
| -0.9% | -$662K |
|
341
Equifax
EFX
$30.8B
| $68.8M | 0.05% |
271,612
+1,227
| +0.5% | +$311K |
|
342
Southwest Airlines
LUV
$16.5B
| $68.6M | 0.05% |
1,333,284
+118,672
| +10% | +$6.1M |
|
343
Phillips 66
PSX
$53.2B
| $68.5M | 0.05% |
978,058
+6,702
| +0.7% | +$469K |
|
344
Nucor
NUE
$33.8B
| $68.5M | 0.05% |
695,253
-12,197
| -2% | -$1.2M |
|
345
CoStar Group
CSGP
$37.9B
| $68.5M | 0.05% |
795,628
-3,652
| -0.5% | -$314K |
|
346
Fifth Third Bancorp
FITB
$30.2B
| $68.1M | 0.05% |
1,605,393
-63,470
| -4% | -$2.69M |
|
347
Zimmer Biomet
ZBH
$20.9B
| $68M | 0.05% |
478,853
-10,069
| -2% | -$1.43M |
|
348
Equity Residential
EQR
$25.5B
| $67.9M | 0.05% |
838,894
-1,242,576
| -60% | -$101M |
|
349
HubSpot
HUBS
$25.7B
| $67.7M | 0.05% |
100,107
-443
| -0.4% | -$300K |
|
350
State Street
STT
$32B
| $67.5M | 0.05% |
797,181
-28,021
| -3% | -$2.37M |
|