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 |
Costco
COST
|
+$253M |
| 2 |
Walmart
WMT
|
+$201M |
| 3 |
Amazon
AMZN
|
+$110M |
| 4 |
United Parcel Service
UPS
|
+$103M |
| 5 |
Pool Corp
POOL
|
+$87M |
Top Sells
| 1 |
TJX Companies
TJX
|
+$413M |
| 2 |
Chubb
CB
|
+$336M |
| 3 |
Coca-Cola
KO
|
+$252M |
| 4 |
McCormick & Company Non-Voting
MKC
|
+$169M |
| 5 |
Apple
AAPL
|
+$152M |
Sector Composition
| 1 | Technology | 23.04% |
| 2 | Healthcare | 14.63% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Communication Services | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
CDW
CDW
$22.2B
| $55.1M | 0.04% |
315,369
-12,399
| -4% | -$2.17M |
|
402
Enphase Energy
ENPH
$4.91B
| $54.9M | 0.04% |
299,122
+49,579
| +20% | +$9.1M |
|
403
United Rentals
URI
$61B
| $54.8M | 0.04% |
171,800
-4,261
| -2% | -$1.36M |
|
404
Alnylam Pharmaceuticals
ALNY
$61.7B
| $53.9M | 0.04% |
317,692
-2,355
| -0.7% | -$399K |
|
405
Credicorp
BAP
$20.9B
| $53.7M | 0.04% |
443,069
-31,750
| -7% | -$3.85M |
|
406
Northern Trust
NTRS
$24.3B
| $53.2M | 0.04% |
459,994
+17,533
| +4% | +$2.03M |
|
407
Wayfair
W
$11.3B
| $53.2M | 0.04% |
168,352
+5,197
| +3% | +$1.64M |
|
408
Datadog
DDOG
$49.3B
| $52.6M | 0.04% |
505,843
+141,259
| +39% | +$14.7M |
|
409
Qorvo
QRVO
$8.16B
| $52.6M | 0.04% |
268,905
+2,343
| +0.9% | +$458K |
|
410
Expedia Group
EXPE
$26.6B
| $52M | 0.04% |
317,487
+23,260
| +8% | +$3.81M |
|
411
Vulcan Materials
VMC
$38.9B
| $51.9M | 0.04% |
298,119
-5,872
| -2% | -$1.02M |
|
412
Carvana
CVNA
$50.5B
| $51.8M | 0.04% |
171,600
+39,649
| +30% | +$12M |
|
413
NovoCure
NVCR
$1.37B
| $51.3M | 0.04% |
231,337
-7,934
| -3% | -$1.76M |
|
414
SiriusXM
SIRI
$8B
| $50.9M | 0.04% |
777,745
-70,995
| -8% | -$4.64M |
|
415
Knight Transportation
KNX
$6.74B
| $50.8M | 0.04% |
1,117,386
+818,016
| +273% | +$37.2M |
|
416
Fortive
FTV
$16.2B
| $50.8M | 0.04% |
728,067
+48,407
| +7% | +$3.38M |
|
417
Viatris
VTRS
$12B
| $50.3M | 0.04% |
3,521,633
-110,912
| -3% | -$1.58M |
|
418
Teradyne
TER
$18.6B
| $50.3M | 0.04% |
375,499
-12,270
| -3% | -$1.64M |
|
419
Tencent Music
TME
$39.2B
| $50.2M | 0.04% |
3,241,096
+215,282
| +7% | +$3.33M |
|
420
Hartford Financial Services
HIG
$36.7B
| $50.1M | 0.04% |
809,062
-56,455
| -7% | -$3.5M |
|
421
Carnival Corp
CCL
$42B
| $49.9M | 0.04% |
1,894,291
+495,979
| +35% | +$13.1M |
|
422
Martin Marietta Materials
MLM
$37.2B
| $49.6M | 0.04% |
140,890
-3,084
| -2% | -$1.08M |
|
|
HES
423
DELISTED
Hess
HES
| $49.1M | 0.04% |
562,008
-13,829
| -2% | -$1.21M |
|
424
PPL Corp
PPL
$26.3B
| $49.1M | 0.04% |
1,754,522
-17,974
| -1% | -$503K |
|
425
Dover
DOV
$24.2B
| $49M | 0.04% |
325,372
-5,245
| -2% | -$790K |
|