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 | |
|---|---|---|---|---|---|---|
351
Otis Worldwide
OTIS
$34.3B
| $69.3M | 0.05% |
1,026,132
+35,274
| +4% | +$2.38M |
|
352
Viatris
VTRS
$12.2B
| $68.6M | 0.05% |
3,662,058
+2,423,947
| +196% | +$45.4M |
|
353
RenaissanceRe
RNR
$11.3B
| $67.9M | 0.05% |
409,326
+5,910
| +1% | +$980K |
|
354
Fastenal
FAST
$55.3B
| $66.9M | 0.05% |
2,738,160
+97,994
| +4% | +$2.39M |
|
|
DFS
355
DELISTED
Discover Financial Services
DFS
| $66.8M | 0.05% |
737,781
+29,976
| +4% | +$2.71M |
|
356
Archer Daniels Midland
ADM
$29.9B
| $66.8M | 0.05% |
1,324,496
+54,416
| +4% | +$2.74M |
|
357
Ametek
AME
$43.6B
| $66M | 0.05% |
545,661
+20,619
| +4% | +$2.49M |
|
358
RingCentral
RNG
$2.94B
| $65.9M | 0.05% |
173,974
-4,167
| -2% | -$1.58M |
|
359
Stanley Black & Decker
SWK
$12.1B
| $65.8M | 0.05% |
368,257
+13,437
| +4% | +$2.4M |
|
360
VF Corp
VFC
$6.08B
| $65.7M | 0.05% |
769,768
+32,769
| +4% | +$2.8M |
|
361
Assurant
AIZ
$10.7B
| $65.4M | 0.05% |
480,296
-3,169
| -0.7% | -$432K |
|
362
TAL Education Group
TAL
$6.32B
| $65.2M | 0.05% |
912,160
-23,169
| -2% | -$1.66M |
|
363
Welltower
WELL
$113B
| $65.2M | 0.05% |
1,009,006
+43,910
| +5% | +$2.84M |
|
364
Corning
GLW
$61.8B
| $64.9M | 0.05% |
1,802,875
+73,061
| +4% | +$2.63M |
|
365
Kinder Morgan
KMI
$58.8B
| $64.8M | 0.05% |
4,742,121
+248,839
| +6% | +$3.4M |
|
366
State Street
STT
$31.7B
| $64.6M | 0.05% |
887,730
+40,522
| +5% | +$2.95M |
|
367
Mettler-Toledo International
MTD
$27.1B
| $64.2M | 0.05% |
56,311
+2,237
| +4% | +$2.55M |
|
368
Marathon Petroleum
MPC
$55.1B
| $64M | 0.05% |
1,546,494
+8,880
| +0.6% | +$367K |
|
369
Bunge Global
BG
$16.9B
| $63.8M | 0.05% |
972,606
+37,313
| +4% | +$2.45M |
|
370
New Oriental
EDU
$8.19B
| $63.5M | 0.05% |
341,501
+12,748
| +4% | +$2.37M |
|
|
LSXMK
371
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $62.8M | 0.05% |
1,864,616
+9,683
| +0.5% | +$326K |
|
372
Delta Air Lines
DAL
$40.3B
| $61.7M | 0.05% |
1,535,348
+64,145
| +4% | +$2.58M |
|
373
Skyworks Solutions
SWKS
$11.2B
| $61.4M | 0.05% |
401,351
+15,938
| +4% | +$2.44M |
|
|
JNPR
374
DELISTED
Juniper Networks
JNPR
| $60.9M | 0.05% |
2,703,863
-57,795
| -2% | -$1.3M |
|
375
Weyerhaeuser
WY
$18.7B
| $60.4M | 0.05% |
1,802,831
+75,342
| +4% | +$2.53M |
|