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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Texas Instruments
TXN
|
$102M |
| 5 |
Costco
COST
|
$96.9M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Deckers Outdoor
DECK
$17.9B
| $53.7M | 0.04% |
264,305
-27,894
| -10% | -$5.66M |
|
377
eBay
EBAY
$42.3B
| $53.7M | 0.04% |
866,173
-100,516
| -10% | -$6.23M |
|
378
Occidental Petroleum
OXY
$45.2B
| $53.6M | 0.04% |
1,085,539
-48,036
| -4% | -$2.37M |
|
379
Essex Property Trust
ESS
$17.3B
| $53.5M | 0.04% |
187,391
+2,732
| +1% | +$780K |
|
380
Nu Holdings
NU
$71.2B
| $53.4M | 0.04% |
5,157,851
-332,509
| -6% | -$3.44M |
|
381
Charter Communications
CHTR
$35.7B
| $53.4M | 0.04% |
155,683
-15,519
| -9% | -$5.32M |
|
382
DuPont de Nemours
DD
$32.6B
| $53.1M | 0.04% |
695,837
-53,198
| -7% | -$4.06M |
|
383
J.M. Smucker
SJM
$12B
| $52.4M | 0.04% |
476,269
-9,804
| -2% | -$1.08M |
|
384
Monster Beverage
MNST
$61B
| $52.2M | 0.03% |
993,849
-85,627
| -8% | -$4.5M |
|
385
Iron Mountain
IRM
$27.2B
| $52.2M | 0.03% |
496,456
-26,931
| -5% | -$2.83M |
|
386
Dell
DELL
$84.4B
| $51.2M | 0.03% |
444,548
-19,499
| -4% | -$2.25M |
|
387
Humana
HUM
$37B
| $50.8M | 0.03% |
200,352
-257,299
| -56% | -$65.3M |
|
388
Veeva Systems
VEEV
$44.7B
| $50.4M | 0.03% |
239,893
-14,671
| -6% | -$3.08M |
|
389
Diamondback Energy
FANG
$40.2B
| $50.3M | 0.03% |
306,849
-21,541
| -7% | -$3.53M |
|
390
Martin Marietta Materials
MLM
$37.5B
| $50.3M | 0.03% |
97,320
-6,655
| -6% | -$3.44M |
|
391
Equifax
EFX
$30.8B
| $50.1M | 0.03% |
196,730
-15,462
| -7% | -$3.94M |
|
392
State Street
STT
$32B
| $50M | 0.03% |
509,050
-35,758
| -7% | -$3.51M |
|
393
Cloudflare
NET
$74.7B
| $49.7M | 0.03% |
462,015
-30,790
| -6% | -$3.32M |
|
394
Raymond James Financial
RJF
$33B
| $48.8M | 0.03% |
314,127
-17,782
| -5% | -$2.76M |
|
395
Nucor
NUE
$33.8B
| $48.7M | 0.03% |
417,017
-38,099
| -8% | -$4.45M |
|
396
Alnylam Pharmaceuticals
ALNY
$59.2B
| $48M | 0.03% |
204,132
-7,649
| -4% | -$1.8M |
|
397
Monolithic Power Systems
MPWR
$41.5B
| $48M | 0.03% |
81,158
-3,463
| -4% | -$2.05M |
|
398
Global Payments
GPN
$21.3B
| $48M | 0.03% |
427,947
-22,080
| -5% | -$2.47M |
|
399
DexCom
DXCM
$31.6B
| $47.4M | 0.03% |
609,524
-56,835
| -9% | -$4.42M |
|
400
Molson Coors Class B
TAP
$9.96B
| $47.2M | 0.03% |
823,897
-3,818
| -0.5% | -$219K |
|