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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Burlington
BURL
$17.7B
| $52M | 0.04% |
198,933
-1,575
| -0.8% | -$412K |
|
402
Elanco Animal Health
ELAN
$9.32B
| $51.9M | 0.04% |
1,691,004
+202,684
| +14% | +$6.22M |
|
403
Erie Indemnity
ERIE
$17.3B
| $50.7M | 0.04% |
206,405
-1,388
| -0.7% | -$341K |
|
404
Etsy
ETSY
$5.55B
| $50.5M | 0.04% |
283,677
+13,123
| +5% | +$2.33M |
|
405
Fortive
FTV
$16.1B
| $50.4M | 0.04% |
711,396
-106,370
| -13% | -$7.53M |
|
406
Edison International
EIX
$21.1B
| $49.8M | 0.04% |
792,402
+36,214
| +5% | +$2.27M |
|
407
Fifth Third Bancorp
FITB
$30.1B
| $49.7M | 0.04% |
1,802,754
+91,551
| +5% | +$2.52M |
|
|
NBIS
408
Nebius Group N.V. Class A Ordinary Shares
NBIS
$22.8B
| $49.4M | 0.04% |
710,010
+31,082
| +5% | +$2.16M |
|
409
Paycom
PAYC
$12.5B
| $49.3M | 0.04% |
108,927
-4,090
| -4% | -$1.85M |
|
410
Synchrony
SYF
$28.3B
| $48.8M | 0.04% |
1,407,327
+816
| +0.1% | +$28.3K |
|
|
KSU
411
DELISTED
Kansas City Southern
KSU
| $48.6M | 0.04% |
238,152
-297
| -0.1% | -$60.6K |
|
412
Zebra Technologies
ZBRA
$15.9B
| $48.5M | 0.04% |
126,248
+5,306
| +4% | +$2.04M |
|
|
PARA
413
DELISTED
Paramount Global Class B
PARA
| $48.5M | 0.04% |
1,300,662
+64,574
| +5% | +$2.41M |
|
|
SIVB
414
DELISTED
SVB Financial Group
SIVB
| $47.8M | 0.04% |
123,225
+5,782
| +5% | +$2.24M |
|
415
Teradyne
TER
$18.3B
| $47.7M | 0.04% |
398,218
+15,446
| +4% | +$1.85M |
|
416
International Paper
IP
$24.8B
| $47.5M | 0.04% |
1,009,284
+7,196
| +0.7% | +$339K |
|
417
Fortinet
FTNT
$61.2B
| $47.1M | 0.04% |
1,586,705
+62,565
| +4% | +$1.86M |
|
418
Dell
DELL
$82B
| $47.1M | 0.04% |
1,267,118
+88,582
| +8% | +$3.29M |
|
419
Vulcan Materials
VMC
$38.6B
| $47M | 0.04% |
317,041
+14,806
| +5% | +$2.2M |
|
420
EPAM Systems
EPAM
$9.19B
| $46M | 0.04% |
128,482
+5,915
| +5% | +$2.12M |
|
421
Qorvo
QRVO
$8.53B
| $45.8M | 0.04% |
275,370
+12,081
| +5% | +$2.01M |
|
422
Zillow
Z
$21.1B
| $45.7M | 0.04% |
351,765
+29,751
| +9% | +$3.86M |
|
|
PXD
423
DELISTED
Pioneer Natural Resource Co.
PXD
| $45.5M | 0.04% |
399,463
+19,645
| +5% | +$2.24M |
|
424
TransUnion
TRU
$18.3B
| $45.3M | 0.03% |
456,600
+19,361
| +4% | +$1.92M |
|
425
Old Dominion Freight Line
ODFL
$31.2B
| $45.2M | 0.03% |
463,560
+16,014
| +4% | +$1.56M |
|