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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Martin Marietta Materials
MLM
$37.2B
| $56M | 0.04% |
103,975
-5,496
| -5% | -$2.96M |
|
377
Charter Communications
CHTR
$36.1B
| $55.5M | 0.04% |
171,202
-10,523
| -6% | -$3.41M |
|
378
Texas Roadhouse
TXRH
$11.4B
| $55.4M | 0.04% |
313,476
-23,899
| -7% | -$4.22M |
|
379
Vulcan Materials
VMC
$38.6B
| $55M | 0.04% |
219,689
-9,505
| -4% | -$2.38M |
|
380
Dell
DELL
$81.8B
| $55M | 0.04% |
+464,047
| New | +$55M |
|
381
Essex Property Trust
ESS
$16.8B
| $54.6M | 0.04% |
184,659
-15,712
| -8% | -$4.64M |
|
382
PPG Industries
PPG
$24.7B
| $54.3M | 0.04% |
409,986
+1,093
| +0.3% | +$145K |
|
383
Incyte
INCY
$16.8B
| $54.1M | 0.04% |
819,193
-89,383
| -10% | -$5.91M |
|
384
Veeva Systems
VEEV
$44.1B
| $53.4M | 0.04% |
254,564
+5,051
| +2% | +$1.06M |
|
385
Sprouts Farmers Market
SFM
$13.5B
| $53.3M | 0.04% |
483,030
-29,632
| -6% | -$3.27M |
|
386
Neurocrine Biosciences
NBIX
$14.1B
| $53.2M | 0.04% |
462,147
-22,873
| -5% | -$2.64M |
|
387
M&T Bank
MTB
$31.1B
| $53.2M | 0.04% |
298,666
-870
| -0.3% | -$155K |
|
388
Archer Daniels Midland
ADM
$29.8B
| $52.9M | 0.04% |
885,357
-12,773
| -1% | -$763K |
|
389
CyberArk
CYBR
$22.8B
| $52.5M | 0.04% |
180,061
+105,856
| +143% | +$30.9M |
|
390
BJs Wholesale Club
BJ
$13B
| $52.5M | 0.04% |
636,223
-9,071
| -1% | -$748K |
|
391
Fifth Third Bancorp
FITB
$30.2B
| $52.3M | 0.04% |
1,220,825
-3,487
| -0.3% | -$149K |
|
392
Assurant
AIZ
$10.8B
| $52.2M | 0.04% |
262,315
-16,315
| -6% | -$3.24M |
|
393
Huntington Ingalls Industries
HII
$10.6B
| $51.5M | 0.04% |
194,626
-8,742
| -4% | -$2.31M |
|
394
CoStar Group
CSGP
$37.3B
| $51.4M | 0.04% |
681,981
-6,973
| -1% | -$526K |
|
395
Ares Management
ARES
$39.4B
| $51.4M | 0.04% |
330,089
+27,611
| +9% | +$4.3M |
|
396
Royalty Pharma
RPRX
$15.6B
| $51M | 0.04% |
1,803,222
-34,116
| -2% | -$965K |
|
397
Halliburton
HAL
$19.3B
| $50.8M | 0.04% |
1,749,217
+89,940
| +5% | +$2.61M |
|
398
Fortive
FTV
$16B
| $49.6M | 0.03% |
628,852
+8,739
| +1% | +$690K |
|
399
Amdocs
DOX
$9.29B
| $48.6M | 0.03% |
555,655
-7,360
| -1% | -$644K |
|
400
Pinnacle West Capital
PNW
$10.6B
| $48.4M | 0.03% |
546,803
-23,128
| -4% | -$2.05M |
|