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 |
Netflix
NFLX
|
$376M |
| 2 |
Charter Communications
CHTR
|
$360M |
| 3 |
Costco
COST
|
$202M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$185M |
| 5 |
Microsoft
MSFT
|
$158M |
Top Sells
| 1 |
Coca-Cola
KO
|
$211M |
| 2 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$174M |
| 3 |
Labcorp
LH
|
$151M |
| 4 |
Stryker
SYK
|
$128M |
| 5 |
Mid-America Apartment Communities
MAA
|
$115M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
RenaissanceRe
RNR
$11.3B
| $53.7M | 0.04% |
385,459
-1,504
| -0.4% | -$210K |
|
|
HZNP
402
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $53.4M | 0.04% |
487,075
+42,277
| +10% | +$4.63M |
|
403
Keurig Dr Pepper
KDP
$38.9B
| $53.2M | 0.04% |
1,558,497
-5,146
| -0.3% | -$176K |
|
404
Avantor
AVTR
$9.07B
| $53.1M | 0.04% |
1,297,442
+3,596
| +0.3% | +$147K |
|
405
Tyson Foods
TSN
$20B
| $53M | 0.04% |
671,048
-860,055
| -56% | -$67.9M |
|
406
Tractor Supply
TSCO
$32.1B
| $52.6M | 0.04% |
1,298,810
-16,150
| -1% | -$654K |
|
407
Expedia Group
EXPE
$26.6B
| $52.2M | 0.04% |
318,632
+1,145
| +0.4% | +$188K |
|
408
Cheniere Energy
LNG
$51.8B
| $52M | 0.04% |
532,402
+5,527
| +1% | +$540K |
|
409
Fortive
FTV
$16.2B
| $51.8M | 0.04% |
734,587
+6,520
| +0.9% | +$460K |
|
|
NBIS
410
Nebius Group N.V. Class A Ordinary Shares
NBIS
$15.6B
| $51.8M | 0.04% |
650,434
+380
| +0.1% | +$30.3K |
|
411
International Paper
IP
$25.7B
| $50.9M | 0.04% |
962,083
-22,241
| -2% | -$1.18M |
|
412
Huntington Bancshares
HBAN
$25.7B
| $50.7M | 0.04% |
3,280,360
-21,400
| -0.6% | -$331K |
|
413
Caesars Entertainment
CZR
$5.48B
| $50.5M | 0.04% |
449,548
+1,928
| +0.4% | +$216K |
|
414
Dover
DOV
$24.4B
| $50.3M | 0.04% |
323,305
-2,067
| -0.6% | -$321K |
|
415
Vulcan Materials
VMC
$39B
| $50.2M | 0.04% |
296,606
-1,513
| -0.5% | -$256K |
|
416
Xylem
XYL
$34.2B
| $49.9M | 0.04% |
403,374
-2,180
| -0.5% | -$270K |
|
417
Northern Trust
NTRS
$24.3B
| $49.7M | 0.04% |
461,049
+1,055
| +0.2% | +$114K |
|
418
Waters Corp
WAT
$18.2B
| $49.5M | 0.04% |
138,654
+639
| +0.5% | +$228K |
|
419
Invitation Homes
INVH
$18.5B
| $49.4M | 0.04% |
1,288,104
+23,199
| +2% | +$889K |
|
420
U-Haul Holding Co
UHAL
$11.2B
| $49M | 0.04% |
758,990
+5,440
| +0.7% | +$351K |
|
|
421
Mid-America Apartment Communities
MAA
$17B
| $48.8M | 0.04% |
261,165
-616,882
| -70% | -$115M |
|
422
Monolithic Power Systems
MPWR
$41.5B
| $48.7M | 0.04% |
100,466
-440
| -0.4% | -$213K |
|
423
PPL Corp
PPL
$26.6B
| $48.7M | 0.04% |
1,746,133
-8,389
| -0.5% | -$234K |
|
|
HES
424
DELISTED
Hess
HES
| $48.6M | 0.04% |
622,822
+60,814
| +11% | +$4.75M |
|
425
KeyCorp
KEY
$20.8B
| $48.6M | 0.04% |
2,245,721
-56,357
| -2% | -$1.22M |
|