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 |
NVIDIA
NVDA
|
+$584M |
| 2 |
Tesla
TSLA
|
+$574M |
| 3 |
Microsoft
MSFT
|
+$567M |
| 4 |
Apple
AAPL
|
+$290M |
| 5 |
Chevron
CVX
|
+$156M |
Top Sells
| 1 |
Eli Lilly
LLY
|
+$437M |
| 2 |
Regeneron Pharmaceuticals
REGN
|
+$114M |
| 3 |
Verizon
VZ
|
+$113M |
| 4 |
Oracle
ORCL
|
+$106M |
| 5 |
Mastercard
MA
|
+$98.4M |
Sector Composition
| 1 | Technology | 28.31% |
| 2 | Healthcare | 14.61% |
| 3 | Financials | 12.06% |
| 4 | Consumer Discretionary | 10% |
| 5 | Consumer Staples | 7.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
KBR
KBR
$6.35B
| $48.8M | 0.04% |
827,442
+50,013
| +6% | +$2.95M |
|
377
Martin Marietta Materials
MLM
$37B
| $48.4M | 0.04% |
117,925
-1,014
| -0.9% | -$416K |
|
378
Mettler-Toledo International
MTD
$26.5B
| $48M | 0.04% |
43,361
-1,778
| -4% | -$1.97M |
|
379
eBay
EBAY
$42.2B
| $47.4M | 0.04% |
1,074,308
+64,911
| +6% | +$2.86M |
|
380
Pinnacle West Capital
PNW
$10.4B
| $47.3M | 0.04% |
642,395
+27,082
| +4% | +$2M |
|
381
Dollar Tree
DLTR
$19.6B
| $47.3M | 0.04% |
444,452
+49,596
| +13% | +$5.28M |
|
382
Essex Property Trust
ESS
$17.3B
| $46.9M | 0.04% |
220,904
+6,410
| +3% | +$1.36M |
|
383
Dropbox
DBX
$8.42B
| $46.1M | 0.04% |
1,691,918
+62,544
| +4% | +$1.7M |
|
384
Huntington Ingalls Industries
HII
$10.5B
| $45.4M | 0.04% |
222,017
+6,240
| +3% | +$1.28M |
|
385
Weyerhaeuser
WY
$18.2B
| $45M | 0.04% |
1,467,324
+20,557
| +1% | +$630K |
|
386
Chemed
CHE
$6.74B
| $44.8M | 0.04% |
86,236
+423
| +0.5% | +$220K |
|
387
Zimmer Biomet
ZBH
$20.6B
| $44.7M | 0.04% |
398,705
+3,060
| +0.8% | +$343K |
|
388
Delta Air Lines
DAL
$39.6B
| $44.4M | 0.04% |
1,199,556
+41,903
| +4% | +$1.55M |
|
389
Arrow Electronics
ARW
$6.5B
| $44.3M | 0.04% |
353,561
+14,187
| +4% | +$1.78M |
|
390
Warner Bros
WBD
$30.4B
| $43.9M | 0.04% |
4,041,563
+66,481
| +2% | +$722K |
|
391
Align Technology
ALGN
$9.85B
| $43.8M | 0.04% |
143,369
+3,051
| +2% | +$932K |
|
392
T Rowe Price
TROW
$23.5B
| $43.4M | 0.04% |
413,746
+2,189
| +0.5% | +$230K |
|
|
DFS
393
DELISTED
Discover Financial Services
DFS
| $43.3M | 0.04% |
499,939
-4,658
| -0.9% | -$404K |
|
394
State Street
STT
$31.8B
| $42.9M | 0.04% |
640,317
-22,066
| -3% | -$1.48M |
|
395
CBRE Group
CBRE
$48.2B
| $42.7M | 0.04% |
578,283
-10,971
| -2% | -$810K |
|
396
Hartford Financial Services
HIG
$36.8B
| $42.7M | 0.04% |
601,589
+9,614
| +2% | +$682K |
|
397
Equity Lifestyle Properties
ELS
$11.9B
| $42.6M | 0.04% |
668,375
+80,225
| +14% | +$5.11M |
|
398
Fair Isaac
FICO
$37.1B
| $42.4M | 0.04% |
48,842
| – | – |
|
399
HubSpot
HUBS
$26.5B
| $42.4M | 0.04% |
86,012
+813
| +1% | +$400K |
|
400
Take-Two Interactive
TTWO
$45.7B
| $42.3M | 0.04% |
301,146
+61,633
| +26% | +$8.65M |
|