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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Texas Instruments
TXN
|
$102M |
| 5 |
Costco
COST
|
$96.9M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
351
Jack Henry & Associates
JKHY
$11.8B
| $59.7M | 0.04% |
340,789
-10,653
| -3% | -$1.87M |
|
352
Idexx Laboratories
IDXX
$51.4B
| $59M | 0.04% |
142,630
-9,276
| -6% | -$3.84M |
|
353
Keysight
KEYS
$28.9B
| $58.5M | 0.04% |
364,182
-18,515
| -5% | -$2.97M |
|
354
Edwards Lifesciences
EW
$47.5B
| $58.3M | 0.04% |
787,027
-288,681
| -27% | -$21.4M |
|
355
United Airlines
UAL
$34.5B
| $57.8M | 0.04% |
595,205
-44,680
| -7% | -$4.34M |
|
356
Cooper Companies
COO
$13.5B
| $57.7M | 0.04% |
627,699
-4,735
| -0.7% | -$435K |
|
357
Regency Centers
REG
$13.4B
| $57.4M | 0.04% |
776,521
+449,110
| +137% | +$33.2M |
|
358
Texas Roadhouse
TXRH
$11.2B
| $57.4M | 0.04% |
318,086
+4,610
| +1% | +$832K |
|
359
Snowflake
SNOW
$75.3B
| $57.4M | 0.04% |
371,472
-38,957
| -9% | -$6.02M |
|
360
Ares Management
ARES
$38.9B
| $56.9M | 0.04% |
321,663
-8,426
| -3% | -$1.49M |
|
361
C.H. Robinson
CHRW
$14.9B
| $56.5M | 0.04% |
546,439
-9,001
| -2% | -$930K |
|
362
BJs Wholesale Club
BJ
$12.8B
| $56.1M | 0.04% |
628,352
-7,871
| -1% | -$703K |
|
363
Lennar Class A
LEN
$36.7B
| $56M | 0.04% |
423,961
-34,463
| -8% | -$4.55M |
|
364
W.P. Carey
WPC
$14.9B
| $55.9M | 0.04% |
1,026,256
+132
| +0% | +$7.19K |
|
365
BioMarin Pharmaceuticals
BMRN
$11.1B
| $55.9M | 0.04% |
849,865
-2,932
| -0.3% | -$193K |
|
366
Hewlett Packard
HPE
$31B
| $55.6M | 0.04% |
2,601,908
-3,828,091
| -60% | -$81.7M |
|
367
M&T Bank
MTB
$31.2B
| $55.5M | 0.04% |
295,008
-3,658
| -1% | -$688K |
|
368
Equity Lifestyle Properties
ELS
$12B
| $55.4M | 0.04% |
831,267
+24,244
| +3% | +$1.61M |
|
369
Assurant
AIZ
$10.7B
| $55.2M | 0.04% |
258,962
-3,353
| -1% | -$715K |
|
370
Equity Residential
EQR
$25.5B
| $55M | 0.04% |
766,894
+9,247
| +1% | +$664K |
|
371
HubSpot
HUBS
$25.7B
| $54.7M | 0.04% |
78,442
-3,974
| -5% | -$2.77M |
|
|
JNPR
372
DELISTED
Juniper Networks
JNPR
| $54.4M | 0.04% |
1,452,821
-2,482
| -0.2% | -$93K |
|
373
Vulcan Materials
VMC
$39B
| $54.3M | 0.04% |
210,987
-8,702
| -4% | -$2.24M |
|
374
American Homes 4 Rent
AMH
$12.9B
| $54.1M | 0.04% |
1,446,754
+852,117
| +143% | +$31.9M |
|
375
Incyte
INCY
$16.9B
| $54.1M | 0.04% |
782,947
-36,246
| -4% | -$2.5M |
|