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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Skyworks Solutions
SWKS
$11.2B
| $34.3M | 0.04% |
384,272
-22,889
| -6% | -$2.05M |
|
377
BioMarin Pharmaceuticals
BMRN
$10.8B
| $33.9M | 0.04% |
401,080
-23,966
| -6% | -$2.03M |
|
378
Marvell Technology
MRVL
$56.3B
| $33.9M | 0.04% |
1,496,653
-136,663
| -8% | -$3.09M |
|
379
Cintas
CTAS
$81.3B
| $33.8M | 0.04% |
781,600
-42,428
| -5% | -$1.84M |
|
380
Fortinet
FTNT
$61.3B
| $33.1M | 0.04% |
1,635,005
-92,475
| -5% | -$1.87M |
|
381
Northern Trust
NTRS
$24.2B
| $33M | 0.04% |
437,070
-38,472
| -8% | -$2.9M |
|
|
CDK
382
DELISTED
CDK Global, Inc.
CDK
| $32.8M | 0.04% |
998,629
-14,184
| -1% | -$466K |
|
383
DocuSign
DOCU
$16.4B
| $32.7M | 0.04% |
354,097
-8,773
| -2% | -$811K |
|
384
Las Vegas Sands
LVS
$36.8B
| $32.6M | 0.04% |
766,584
-52,652
| -6% | -$2.24M |
|
385
Equifax
EFX
$30.9B
| $32.4M | 0.04% |
270,862
-31,417
| -10% | -$3.75M |
|
386
Cardinal Health
CAH
$35.7B
| $32.3M | 0.04% |
674,537
-49,973
| -7% | -$2.4M |
|
387
Conagra Brands
CAG
$9.3B
| $32.1M | 0.04% |
1,093,159
-100,551
| -8% | -$2.95M |
|
388
Vulcan Materials
VMC
$39.5B
| $32M | 0.04% |
295,735
-14,623
| -5% | -$1.58M |
|
389
Burlington
BURL
$18.4B
| $31.9M | 0.04% |
201,146
-44,077
| -18% | -$6.98M |
|
390
Elanco Animal Health
ELAN
$9.41B
| $31.8M | 0.04% |
1,420,910
-16,100
| -1% | -$360K |
|
391
Copart
CPRT
$46.4B
| $31.3M | 0.04% |
1,829,632
-73,796
| -4% | -$1.26M |
|
392
M&T Bank
MTB
$31B
| $30.6M | 0.04% |
296,116
-27,321
| -8% | -$2.83M |
|
393
Teleflex
TFX
$5.77B
| $30.5M | 0.04% |
104,003
-6,067
| -6% | -$1.78M |
|
394
Cencora
COR
$57.3B
| $30.4M | 0.04% |
343,284
-100,773
| -23% | -$8.92M |
|
|
KSU
395
DELISTED
Kansas City Southern
KSU
| $30.4M | 0.04% |
238,806
+567
| +0.2% | +$72.1K |
|
396
Take-Two Interactive
TTWO
$46B
| $30.3M | 0.04% |
255,460
-14,313
| -5% | -$1.7M |
|
397
CDW
CDW
$21.9B
| $30.2M | 0.04% |
324,219
-23,705
| -7% | -$2.21M |
|
|
SGEN
398
DELISTED
Seagen Inc. Common Stock
SGEN
| $30.2M | 0.04% |
261,812
-1,410
| -0.5% | -$163K |
|
399
LyondellBasell Industries
LYB
$17.3B
| $30M | 0.04% |
605,172
-66,112
| -10% | -$3.28M |
|
400
Incyte
INCY
$16.8B
| $30M | 0.04% |
409,909
-19,973
| -5% | -$1.46M |
|