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 |
Apple
AAPL
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Fortive
FTV
$16B
| $51.6M | 0.04% |
803,471
-27,037
| -3% | -$1.74M |
|
377
Fifth Third Bancorp
FITB
$30.2B
| $51.5M | 0.04% |
1,569,537
+5,594
| +0.4% | +$184K |
|
378
Arch Capital
ACGL
$34.1B
| $51.4M | 0.04% |
818,732
-15,881
| -2% | -$997K |
|
379
Lennar Class A
LEN
$34.4B
| $51M | 0.04% |
563,737
-12,099
| -2% | -$1.09M |
|
380
Veeva Systems
VEEV
$44.1B
| $50.8M | 0.04% |
314,850
-1,068
| -0.3% | -$172K |
|
381
LyondellBasell Industries
LYB
$18B
| $50.7M | 0.04% |
611,169
+7,504
| +1% | +$623K |
|
382
Health Care Select Sector SPDR Fund
XLV
$33.9B
| $50.7M | 0.04% |
+373,000
| New | +$50.7M |
|
383
Principal Financial Group
PFG
$17.8B
| $49.7M | 0.04% |
592,454
+11,671
| +2% | +$979K |
|
384
Raymond James Financial
RJF
$33.6B
| $49.3M | 0.04% |
461,103
+4,453
| +1% | +$476K |
|
385
United Therapeutics
UTHR
$18.3B
| $49.1M | 0.04% |
176,519
+73,479
| +71% | +$20.4M |
|
|
FRC
386
DELISTED
First Republic Bank
FRC
| $48.9M | 0.04% |
401,290
-2,888
| -0.7% | -$352K |
|
387
eBay
EBAY
$41.1B
| $48.8M | 0.04% |
1,176,599
-80,158
| -6% | -$3.32M |
|
388
PPL Corp
PPL
$26.9B
| $48.8M | 0.04% |
1,668,658
-25,811
| -2% | -$754K |
|
389
Tradeweb Markets
TW
$26.7B
| $48.6M | 0.04% |
747,863
-34,564
| -4% | -$2.24M |
|
390
Hewlett Packard
HPE
$29.8B
| $48.4M | 0.04% |
3,032,129
+23,725
| +0.8% | +$379K |
|
391
Regions Financial
RF
$24B
| $48.1M | 0.04% |
2,229,469
+25,288
| +1% | +$545K |
|
392
Materials Select Sector SPDR Fund
XLB
$5.49B
| $48M | 0.04% |
+618,000
| New | +$48M |
|
393
PTC
PTC
$25.5B
| $48M | 0.04% |
399,499
+159,642
| +67% | +$19.2M |
|
394
CrowdStrike
CRWD
$104B
| $47.9M | 0.04% |
455,394
-18,153
| -4% | -$1.91M |
|
395
Quanta Services
PWR
$55.8B
| $47.5M | 0.04% |
333,084
+7,048
| +2% | +$1M |
|
396
Assurant
AIZ
$10.8B
| $47.4M | 0.04% |
378,630
-20,259
| -5% | -$2.53M |
|
397
Essex Property Trust
ESS
$16.8B
| $47.1M | 0.04% |
222,300
+76,305
| +52% | +$16.2M |
|
398
Martin Marietta Materials
MLM
$37.2B
| $47.1M | 0.04% |
139,234
+679
| +0.5% | +$229K |
|
399
Zoom
ZM
$24.5B
| $46.6M | 0.04% |
687,265
-101,676
| -13% | -$6.89M |
|
400
Waters Corp
WAT
$17.6B
| $46.5M | 0.04% |
135,845
+1,333
| +1% | +$457K |
|