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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Alnylam Pharmaceuticals
ALNY
$61.5B
| $37.9M | 0.04% |
255,768
+34,968
| +16% | +$5.18M |
|
402
Teleflex
TFX
$5.82B
| $37.9M | 0.04% |
104,021
+18
| +0% | +$6.55K |
|
403
Weyerhaeuser
WY
$18.4B
| $37.7M | 0.04% |
1,680,615
-9,384
| -0.6% | -$211K |
|
404
West Pharmaceutical
WST
$18.6B
| $37.5M | 0.04% |
165,046
-798
| -0.5% | -$181K |
|
405
CDW
CDW
$22.4B
| $37.2M | 0.04% |
320,524
-3,695
| -1% | -$429K |
|
406
TransUnion
TRU
$17.8B
| $37.1M | 0.04% |
426,637
+4,575
| +1% | +$398K |
|
407
Old Dominion Freight Line
ODFL
$31.1B
| $37.1M | 0.04% |
437,766
-1,086
| -0.2% | -$92.1K |
|
408
Energy Transfer Partners
ET
$60B
| $37M | 0.04% |
5,196,011
-195,530
| -4% | -$1.39M |
|
409
KKR & Co
KKR
$125B
| $36.8M | 0.04% |
1,190,906
+49,391
| +4% | +$1.53M |
|
410
Trade Desk
TTD
$22.7B
| $36.7M | 0.04% |
903,300
+23,600
| +3% | +$959K |
|
|
MXIM
411
DELISTED
Maxim Integrated Products
MXIM
| $36M | 0.04% |
594,293
-11,292
| -2% | -$684K |
|
|
PXD
412
DELISTED
Pioneer Natural Resource Co.
PXD
| $36M | 0.04% |
368,510
+29,281
| +9% | +$2.86M |
|
|
KSU
413
DELISTED
Kansas City Southern
KSU
| $35.7M | 0.04% |
238,806
| – | – |
|
414
Cardinal Health
CAH
$35.7B
| $35.6M | 0.04% |
681,540
+7,003
| +1% | +$365K |
|
415
CBRE Group
CBRE
$49B
| $35.2M | 0.03% |
778,846
+2,228
| +0.3% | +$101K |
|
|
DFS
416
DELISTED
Discover Financial Services
DFS
| $34.6M | 0.03% |
691,681
-22,307
| -3% | -$1.12M |
|
417
Tractor Supply
TSCO
$31.3B
| $34.3M | 0.03% |
1,299,925
-48,310
| -4% | -$1.27M |
|
418
Northern Trust
NTRS
$24.3B
| $34.2M | 0.03% |
431,394
-5,676
| -1% | -$450K |
|
419
Paycom
PAYC
$12.5B
| $34.2M | 0.03% |
110,470
-762
| -0.7% | -$236K |
|
420
Occidental Petroleum
OXY
$45.4B
| $34.2M | 0.03% |
1,868,864
-191,094
| -9% | -$3.5M |
|
421
Las Vegas Sands
LVS
$37.4B
| $34.2M | 0.03% |
750,955
-15,629
| -2% | -$712K |
|
422
Freeport-McMoran
FCX
$64.8B
| $34.2M | 0.03% |
2,953,300
-18,700
| -0.6% | -$216K |
|
423
Vulcan Materials
VMC
$39.5B
| $34.2M | 0.03% |
294,825
-910
| -0.3% | -$105K |
|
424
Cencora
COR
$57.4B
| $34M | 0.03% |
337,400
-5,884
| -2% | -$593K |
|
|
TIF
425
DELISTED
Tiffany & Co.
TIF
| $33.1M | 0.03% |
271,650
-316
| -0.1% | -$38.5K |
|