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
|
$2.23B |
| 2 |
JPHY
JPMorgan Active High Yield ETF
JPHY
|
$2.02B |
| 3 |
Microsoft
MSFT
|
$1.33B |
| 4 |
NVIDIA
NVDA
|
$985M |
| 5 |
Amazon
AMZN
|
$539M |
Top Sells
| 1 |
Broadcom
AVGO
|
$506M |
| 2 |
Texas Instruments
TXN
|
$293M |
| 3 |
McDonald's
MCD
|
$286M |
| 4 |
Home Depot
HD
|
$264M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$247M |
Sector Composition
| 1 | Technology | 31.86% |
| 2 | Financials | 11.82% |
| 3 | Healthcare | 8.87% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
JNPR
376
DELISTED
Juniper Networks
JNPR
| $50.6M | 0.03% |
1,266,072
-187,432
| -13% | -$7.48M |
|
377
Equity Residential
EQR
$25.5B
| $50.3M | 0.03% |
745,042
-32,716
| -4% | -$2.21M |
|
378
Regency Centers
REG
$13.4B
| $50.1M | 0.03% |
703,686
-85,737
| -11% | -$6.11M |
|
379
Emcor
EME
$28B
| $50M | 0.03% |
93,536
+453
| +0.5% | +$242K |
|
380
DuPont de Nemours
DD
$32.6B
| $49.9M | 0.03% |
727,855
+48,970
| +7% | +$3.36M |
|
381
Seagate
STX
$40B
| $49.7M | 0.03% |
344,470
-508,858
| -60% | -$73.4M |
|
382
Jack Henry & Associates
JKHY
$11.8B
| $49.4M | 0.03% |
273,989
-58,153
| -18% | -$10.5M |
|
383
Fifth Third Bancorp
FITB
$30.2B
| $49.4M | 0.03% |
1,199,870
+104,263
| +10% | +$4.29M |
|
384
Tractor Supply
TSCO
$32.1B
| $49.3M | 0.03% |
935,136
-83,945
| -8% | -$4.43M |
|
385
Booz Allen Hamilton
BAH
$12.6B
| $48.9M | 0.03% |
469,787
-99,466
| -17% | -$10.4M |
|
386
United Therapeutics
UTHR
$18.1B
| $48.9M | 0.03% |
170,030
-35,211
| -17% | -$10.1M |
|
387
Keysight
KEYS
$28.9B
| $48.3M | 0.03% |
294,611
+14,670
| +5% | +$2.4M |
|
388
American Homes 4 Rent
AMH
$12.9B
| $48.2M | 0.03% |
1,336,636
-121,811
| -8% | -$4.39M |
|
389
Synchrony
SYF
$28.1B
| $48.2M | 0.03% |
722,314
+36,148
| +5% | +$2.41M |
|
390
Essex Property Trust
ESS
$17.3B
| $47.9M | 0.03% |
168,956
-20,484
| -11% | -$5.81M |
|
391
Occidental Petroleum
OXY
$45.2B
| $47.9M | 0.03% |
1,139,401
+68,855
| +6% | +$2.89M |
|
392
RenaissanceRe
RNR
$11.3B
| $47.4M | 0.03% |
195,092
-38,356
| -16% | -$9.32M |
|
393
Northern Trust
NTRS
$24.3B
| $47.4M | 0.03% |
373,691
+21,185
| +6% | +$2.69M |
|
394
Encompass Health
EHC
$12.6B
| $47.2M | 0.03% |
384,757
-74,467
| -16% | -$9.13M |
|
395
HubSpot
HUBS
$25.7B
| $46.8M | 0.03% |
84,089
+6,530
| +8% | +$3.63M |
|
396
Ares Management
ARES
$38.9B
| $46.7M | 0.03% |
269,561
-49,349
| -15% | -$8.55M |
|
397
Royal Gold
RGLD
$12.2B
| $46M | 0.03% |
258,675
-39,690
| -13% | -$7.06M |
|
398
Equity Lifestyle Properties
ELS
$12B
| $45.6M | 0.03% |
739,372
-78,135
| -10% | -$4.82M |
|
399
Texas Roadhouse
TXRH
$11.2B
| $45.4M | 0.03% |
242,471
-67,413
| -22% | -$12.6M |
|
400
Lennar Class A
LEN
$36.7B
| $45.4M | 0.03% |
410,731
+19,941
| +5% | +$2.21M |
|