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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Expeditors International
EXPD
$16.3B
| $44M | 0.04% |
579,062
-1,882
| -0.3% | -$143K |
|
377
Corning
GLW
$64.1B
| $43.7M | 0.04% |
1,688,303
-26,786
| -2% | -$694K |
|
378
Boston Properties
BXP
$11.6B
| $43.5M | 0.04% |
481,471
+8,773
| +2% | +$793K |
|
379
Carrier Global
CARR
$54.7B
| $43M | 0.04% |
+1,936,052
| New | +$43M |
|
380
Ameriprise Financial
AMP
$46.4B
| $42.9M | 0.04% |
285,643
-5,207
| -2% | -$781K |
|
381
Equifax
EFX
$30.7B
| $42.6M | 0.04% |
247,676
-23,186
| -9% | -$3.99M |
|
|
CDK
382
DELISTED
CDK Global, Inc.
CDK
| $42.6M | 0.04% |
1,027,419
+28,790
| +3% | +$1.19M |
|
383
Southwest Airlines
LUV
$16.1B
| $42.5M | 0.04% |
1,244,035
+168,986
| +16% | +$5.78M |
|
384
Mettler-Toledo International
MTD
$26.2B
| $42.5M | 0.04% |
52,784
-715
| -1% | -$576K |
|
385
New Oriental
EDU
$8.73B
| $41.9M | 0.04% |
322,001
-405
| -0.1% | -$52.7K |
|
386
Delta Air Lines
DAL
$40B
| $41.5M | 0.04% |
1,478,341
+164,475
| +13% | +$4.61M |
|
387
D.R. Horton
DHI
$52.3B
| $41.2M | 0.04% |
742,204
-16,905
| -2% | -$937K |
|
|
COUP
388
DELISTED
Coupa Software Incorporated
COUP
| $41.2M | 0.04% |
148,550
+5,424
| +4% | +$1.5M |
|
389
Erie Indemnity
ERIE
$17.3B
| $41M | 0.04% |
213,545
+22,170
| +12% | +$4.25M |
|
390
Fortinet
FTNT
$60.9B
| $40.9M | 0.04% |
1,489,315
-145,690
| -9% | -$4M |
|
|
FRC
391
DELISTED
First Republic Bank
FRC
| $40.4M | 0.04% |
380,808
-124,343
| -25% | -$13.2M |
|
392
Burlington
BURL
$17.7B
| $40.2M | 0.04% |
204,293
+3,147
| +2% | +$620K |
|
393
Edison International
EIX
$20.9B
| $40M | 0.04% |
736,698
-54,408
| -7% | -$2.95M |
|
394
Bunge Global
BG
$16.3B
| $39.5M | 0.04% |
959,202
+44,023
| +5% | +$1.81M |
|
395
LyondellBasell Industries
LYB
$17.5B
| $39.3M | 0.04% |
597,517
-7,655
| -1% | -$503K |
|
396
Yum China
YUMC
$16.2B
| $39.1M | 0.04% |
813,804
+1,008
| +0.1% | +$48.5K |
|
397
Lennar Class A
LEN
$35.3B
| $38.6M | 0.04% |
646,973
+2,976
| +0.5% | +$178K |
|
398
Conagra Brands
CAG
$9.18B
| $38.5M | 0.04% |
1,095,716
+2,557
| +0.2% | +$89.9K |
|
399
Moderna
MRNA
$9.68B
| $38.5M | 0.04% |
599,997
+150,897
| +34% | +$9.69M |
|
400
Copart
CPRT
$46.5B
| $38.2M | 0.04% |
1,833,732
+4,100
| +0.2% | +$85.4K |
|