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 |
Walmart
WMT
|
$250M |
| 2 |
Target
TGT
|
$142M |
| 3 |
Abbott
ABT
|
$113M |
| 4 |
Verizon
VZ
|
$87.4M |
| 5 |
NetEase
NTES
|
$77.2M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Best Buy
BBY
$16.1B
| $64M | 0.05% |
557,653
-22,857
| -4% | -$2.62M |
|
377
Zscaler
ZS
$42.7B
| $63.9M | 0.05% |
372,243
+198,879
| +115% | +$34.1M |
|
378
RenaissanceRe
RNR
$11.3B
| $63.5M | 0.05% |
396,181
-13,145
| -3% | -$2.11M |
|
379
Trade Desk
TTD
$25.5B
| $63.4M | 0.05% |
972,930
-15,520
| -2% | -$1.01M |
|
|
KSU
380
DELISTED
Kansas City Southern
KSU
| $62.9M | 0.05% |
238,152
| – | – |
|
381
Kraft Heinz
KHC
$32.3B
| $62.7M | 0.05% |
1,568,326
+11,284
| +0.7% | +$451K |
|
382
Mettler-Toledo International
MTD
$26.9B
| $62.3M | 0.05% |
53,938
-2,373
| -4% | -$2.74M |
|
383
Tencent Music
TME
$37.7B
| $62M | 0.05% |
3,025,814
-56,900
| -2% | -$1.17M |
|
384
Weyerhaeuser
WY
$18.9B
| $62M | 0.05% |
1,740,495
-62,336
| -3% | -$2.22M |
|
|
LSXMK
385
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $60.8M | 0.05% |
1,780,106
-84,510
| -5% | -$2.89M |
|
386
KKR & Co
KKR
$121B
| $60.6M | 0.05% |
1,240,056
-50,957
| -4% | -$2.49M |
|
387
Okta
OKTA
$16.1B
| $60.6M | 0.05% |
274,730
-1,051
| -0.4% | -$232K |
|
388
Rollins
ROL
$27.4B
| $59.9M | 0.05% |
1,740,145
-80,889
| -4% | -$2.78M |
|
389
VF Corp
VFC
$5.86B
| $59.2M | 0.05% |
740,997
-28,771
| -4% | -$2.3M |
|
390
Zebra Technologies
ZBRA
$16B
| $59.2M | 0.05% |
121,967
-4,281
| -3% | -$2.08M |
|
391
Nucor
NUE
$33.8B
| $58.7M | 0.04% |
730,864
-3,696
| -0.5% | -$297K |
|
|
SIVB
392
DELISTED
SVB Financial Group
SIVB
| $58.6M | 0.04% |
118,723
-4,502
| -4% | -$2.22M |
|
393
United Rentals
URI
$62.7B
| $58M | 0.04% |
176,061
-8,257
| -4% | -$2.72M |
|
394
Hartford Financial Services
HIG
$37B
| $57.8M | 0.04% |
865,517
-44,945
| -5% | -$3M |
|
395
Burlington
BURL
$18.4B
| $57.1M | 0.04% |
191,212
-7,721
| -4% | -$2.31M |
|
|
396
Alibaba
BABA
$323B
| $57.1M | 0.04% |
251,815
-4,103,803
| -94% | -$930M |
|
|
MXIM
397
DELISTED
Maxim Integrated Products
MXIM
| $56.4M | 0.04% |
617,514
-17,878
| -3% | -$1.63M |
|
398
Fortinet
FTNT
$60.4B
| $56.4M | 0.04% |
1,527,945
-58,760
| -4% | -$2.17M |
|
|
PARA
399
DELISTED
Paramount Global Class B
PARA
| $56.2M | 0.04% |
1,245,175
-55,487
| -4% | -$2.5M |
|
400
Etsy
ETSY
$5.36B
| $55.8M | 0.04% |
276,867
-6,810
| -2% | -$1.37M |
|