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
|
$894M |
| 2 |
UnitedHealth
UNH
|
$430M |
| 3 |
Intel
INTC
|
$409M |
| 4 |
Amazon
AMZN
|
$352M |
| 5 |
Broadcom
AVGO
|
$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$415M |
| 2 |
Microsoft
MSFT
|
$275M |
| 3 |
VMW
VMware, Inc
VMW
|
$221M |
| 4 |
JPMorgan Chase
JPM
|
$146M |
| 5 |
Verizon
VZ
|
$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Campbell Soup
CPB
$10.1B
| $53M | 0.04% |
1,225,099
-8,786
| -0.7% | -$380K |
|
377
Devon Energy
DVN
$22.1B
| $52.5M | 0.04% |
1,158,151
-33,575
| -3% | -$1.52M |
|
378
Monolithic Power Systems
MPWR
$41.5B
| $52.2M | 0.04% |
82,777
-2,212
| -3% | -$1.4M |
|
379
CBRE Group
CBRE
$48.9B
| $51.8M | 0.04% |
556,404
-21,879
| -4% | -$2.04M |
|
380
Host Hotels & Resorts
HST
$12B
| $51.8M | 0.04% |
2,659,005
+1,198,013
| +82% | +$23.3M |
|
381
Estee Lauder
EL
$32.1B
| $51.2M | 0.04% |
349,842
-10,298
| -3% | -$1.51M |
|
382
Dropbox
DBX
$8.06B
| $50.9M | 0.04% |
1,727,055
+35,137
| +2% | +$1.04M |
|
383
Diamondback Energy
FANG
$40.2B
| $50.8M | 0.04% |
327,266
-11,978
| -4% | -$1.86M |
|
384
Chemed
CHE
$6.79B
| $50.2M | 0.04% |
85,877
-359
| -0.4% | -$210K |
|
385
Veeva Systems
VEEV
$44.7B
| $49.8M | 0.04% |
258,913
-9,409
| -4% | -$1.81M |
|
386
MongoDB
MDB
$26.4B
| $49.6M | 0.04% |
121,390
+653
| +0.5% | +$267K |
|
387
West Pharmaceutical
WST
$18B
| $49.6M | 0.04% |
140,911
-3,041
| -2% | -$1.07M |
|
388
Weyerhaeuser
WY
$18.9B
| $49.5M | 0.04% |
1,425,045
-42,279
| -3% | -$1.47M |
|
389
Mettler-Toledo International
MTD
$26.9B
| $49.1M | 0.04% |
40,514
-2,847
| -7% | -$3.45M |
|
390
Spotify
SPOT
$146B
| $49.1M | 0.04% |
261,420
-90
| -0% | -$16.9K |
|
391
Take-Two Interactive
TTWO
$44.2B
| $49M | 0.04% |
304,294
+3,148
| +1% | +$507K |
|
392
Xylem
XYL
$34.2B
| $48.6M | 0.04% |
425,280
-14,749
| -3% | -$1.69M |
|
393
LyondellBasell Industries
LYB
$17.7B
| $48.4M | 0.04% |
509,186
-17,542
| -3% | -$1.67M |
|
394
Fortive
FTV
$16.2B
| $48.3M | 0.04% |
655,605
-47,187
| -7% | -$3.47M |
|
395
HubSpot
HUBS
$25.7B
| $48.3M | 0.04% |
83,138
-2,874
| -3% | -$1.67M |
|
396
RenaissanceRe
RNR
$11.3B
| $47.9M | 0.04% |
244,162
+77,016
| +46% | +$15.1M |
|
397
Zimmer Biomet
ZBH
$20.9B
| $47.5M | 0.04% |
389,918
-8,787
| -2% | -$1.07M |
|
398
Exelixis
EXEL
$10.2B
| $47.4M | 0.04% |
1,974,291
+203,163
| +11% | +$4.87M |
|
399
NNN REIT
NNN
$8.18B
| $47.1M | 0.04% |
1,092,051
+125,114
| +13% | +$5.39M |
|
400
Pinnacle West Capital
PNW
$10.6B
| $46.7M | 0.04% |
649,736
+7,341
| +1% | +$527K |
|