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
|
+$584M |
| 2 |
Tesla
TSLA
|
+$574M |
| 3 |
Microsoft
MSFT
|
+$567M |
| 4 |
Apple
AAPL
|
+$290M |
| 5 |
Chevron
CVX
|
+$156M |
Top Sells
| 1 |
Eli Lilly
LLY
|
+$437M |
| 2 |
Regeneron Pharmaceuticals
REGN
|
+$114M |
| 3 |
Verizon
VZ
|
+$113M |
| 4 |
Oracle
ORCL
|
+$106M |
| 5 |
Mastercard
MA
|
+$98.4M |
Sector Composition
| 1 | Technology | 28.31% |
| 2 | Healthcare | 14.61% |
| 3 | Financials | 12.06% |
| 4 | Consumer Discretionary | 10% |
| 5 | Consumer Staples | 7.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
351
Equity Residential
EQR
$25.4B
| $55.3M | 0.05% |
941,325
+56,749
| +6% | +$3.33M |
|
352
Royalty Pharma
RPRX
$15.8B
| $55M | 0.05% |
2,026,131
+667,827
| +49% | +$18.1M |
|
353
Rollins
ROL
$27.8B
| $54.9M | 0.05% |
1,471,558
+63,473
| +5% | +$2.37M |
|
354
IDEX
IEX
$12.2B
| $54.9M | 0.05% |
263,930
+5,659
| +2% | +$1.18M |
|
355
Arch Capital
ACGL
$33.4B
| $54.9M | 0.05% |
688,763
+18,149
| +3% | +$1.45M |
|
356
PPL Corp
PPL
$26.4B
| $54.8M | 0.05% |
2,326,405
+879,588
| +61% | +$20.7M |
|
357
Veeva Systems
VEEV
$46.3B
| $54.6M | 0.05% |
268,322
+6,171
| +2% | +$1.26M |
|
358
Constellation Energy
CEG
$94B
| $54.3M | 0.05% |
497,790
-109,548
| -18% | -$11.9M |
|
359
West Pharmaceutical
WST
$18.1B
| $54M | 0.05% |
143,952
+4,760
| +3% | +$1.79M |
|
360
Oneok
OKE
$45.2B
| $53.2M | 0.05% |
838,670
+15,005
| +2% | +$952K |
|
361
Atlassian
TEAM
$47.8B
| $53.2M | 0.05% |
263,775
+52,018
| +25% | +$10.5M |
|
362
Diamondback Energy
FANG
$39.5B
| $52.5M | 0.05% |
339,244
-2,502
| -0.7% | -$388K |
|
363
Bentley Systems
BSY
$16.2B
| $52.4M | 0.05% |
1,045,289
+722,046
| +223% | +$36.2M |
|
364
Fortive
FTV
$16.1B
| $52.1M | 0.04% |
702,792
+25,138
| +4% | +$1.86M |
|
365
Estee Lauder
EL
$31.9B
| $52.1M | 0.04% |
360,140
-76,392
| -17% | -$11M |
|
366
Quanta Services
PWR
$55.6B
| $51.9M | 0.04% |
277,511
+3,929
| +1% | +$735K |
|
367
Assurant
AIZ
$10.7B
| $51.5M | 0.04% |
358,881
| – | – |
|
368
Knight Transportation
KNX
$6.96B
| $51.4M | 0.04% |
1,025,418
+12,104
| +1% | +$607K |
|
|
HZNP
369
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $51.4M | 0.04% |
444,043
+22,331
| +5% | +$2.58M |
|
370
Campbell Soup
CPB
$10.1B
| $50.7M | 0.04% |
1,233,885
-7,606
| -0.6% | -$312K |
|
371
Vulcan Materials
VMC
$38.6B
| $50.4M | 0.04% |
249,640
+3,676
| +1% | +$743K |
|
372
LyondellBasell Industries
LYB
$17.5B
| $49.9M | 0.04% |
526,728
+14,117
| +3% | +$1.34M |
|
373
Ingersoll Rand
IR
$31.7B
| $49.9M | 0.04% |
782,766
+24,832
| +3% | +$1.58M |
|
374
Aptiv
APTV
$17.9B
| $49.3M | 0.04% |
500,149
+8,135
| +2% | +$802K |
|
|
NATI
375
DELISTED
National Instruments Corp
NATI
| $49.1M | 0.04% |
823,637
+69,466
| +9% | +$4.14M |
|