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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Expeditors International
EXPD
$16.4B
| $60.3M | 0.05% |
633,501
+15,419
| +2% | +$1.47M |
|
|
FRC
377
DELISTED
First Republic Bank
FRC
| $60.2M | 0.05% |
410,043
+20,311
| +5% | +$2.98M |
|
378
Southwest Airlines
LUV
$16.3B
| $60.2M | 0.05% |
1,291,842
+56,321
| +5% | +$2.63M |
|
|
SPLK
379
DELISTED
Splunk Inc
SPLK
| $59.6M | 0.05% |
350,757
-13,096
| -4% | -$2.22M |
|
380
LyondellBasell Industries
LYB
$17.4B
| $59.5M | 0.05% |
649,117
+31,052
| +5% | +$2.85M |
|
381
Tencent Music
TME
$38.7B
| $59.3M | 0.05% |
3,082,714
+1,977,425
| +179% | +$38M |
|
382
Williams Companies
WMB
$70.4B
| $58.5M | 0.05% |
2,920,156
+137,873
| +5% | +$2.76M |
|
383
Fidelity National Financial
FNF
$16.3B
| $58.4M | 0.05% |
1,553,509
-853,718
| -35% | -$32.1M |
|
384
Pinterest
PINS
$24.9B
| $58.4M | 0.05% |
885,808
+46,308
| +6% | +$3.05M |
|
385
Best Buy
BBY
$16.1B
| $57.9M | 0.04% |
580,510
+26,685
| +5% | +$2.66M |
|
386
Ameriprise Financial
AMP
$46.7B
| $57.6M | 0.04% |
296,359
+6,139
| +2% | +$1.19M |
|
387
Copart
CPRT
$46.4B
| $57.3M | 0.04% |
1,802,076
+83,532
| +5% | +$2.66M |
|
388
SiriusXM
SIRI
$8.08B
| $57.3M | 0.04% |
899,427
-39,090
| -4% | -$2.49M |
|
|
MXIM
389
DELISTED
Maxim Integrated Products
MXIM
| $56.3M | 0.04% |
635,392
+25,814
| +4% | +$2.29M |
|
390
Equifax
EFX
$30.8B
| $55.8M | 0.04% |
289,566
+35,490
| +14% | +$6.84M |
|
|
COUP
391
DELISTED
Coupa Software Incorporated
COUP
| $55.8M | 0.04% |
164,510
+12,304
| +8% | +$4.17M |
|
392
Valero Energy
VLO
$49.9B
| $55.3M | 0.04% |
976,910
+46,427
| +5% | +$2.63M |
|
393
D.R. Horton
DHI
$52.8B
| $54.8M | 0.04% |
795,434
+36,244
| +5% | +$2.5M |
|
394
Yum China
YUMC
$16.3B
| $54.3M | 0.04% |
951,735
+36,225
| +4% | +$2.07M |
|
395
Kraft Heinz
KHC
$31.7B
| $54M | 0.04% |
1,557,042
+59,885
| +4% | +$2.08M |
|
396
CBRE Group
CBRE
$48.2B
| $53.2M | 0.04% |
848,175
+39,927
| +5% | +$2.5M |
|
397
Lennar Class A
LEN
$35.6B
| $52.4M | 0.04% |
710,036
+39,115
| +6% | +$2.89M |
|
398
PPL Corp
PPL
$26.5B
| $52.3M | 0.04% |
1,855,372
+79,508
| +4% | +$2.24M |
|
399
KKR & Co
KKR
$123B
| $52.3M | 0.04% |
1,291,013
+72,411
| +6% | +$2.93M |
|
400
Realty Income
O
$53.9B
| $52M | 0.04% |
863,857
-181,753
| -17% | -$10.9M |
|