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
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
O'Reilly Automotive
ORLY
|
$178M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Icon
ICLR
$13.6B
| $53.9M | 0.04% |
173,983
-3,272
| -2% | -$1.01M |
|
402
Northern Trust
NTRS
$24.3B
| $53.7M | 0.04% |
449,302
-11,747
| -3% | -$1.41M |
|
403
Neurocrine Biosciences
NBIX
$14.3B
| $53.6M | 0.04% |
628,882
+418,990
| +200% | +$35.7M |
|
404
Avantor
AVTR
$9.07B
| $53.5M | 0.04% |
1,269,528
-27,914
| -2% | -$1.18M |
|
405
W.W. Grainger
GWW
$47.5B
| $52.7M | 0.04% |
101,725
-3,895
| -4% | -$2.02M |
|
406
Kraft Heinz
KHC
$32.3B
| $52.7M | 0.04% |
1,467,307
-33,724
| -2% | -$1.21M |
|
407
Ingersoll Rand
IR
$32.2B
| $52.7M | 0.04% |
850,989
-17,602
| -2% | -$1.09M |
|
408
United Rentals
URI
$62.7B
| $52.6M | 0.04% |
158,305
-10,076
| -6% | -$3.35M |
|
409
Delta Air Lines
DAL
$39.9B
| $52.6M | 0.04% |
1,344,699
+50,595
| +4% | +$1.98M |
|
410
Alnylam Pharmaceuticals
ALNY
$59.4B
| $52.5M | 0.04% |
309,675
-9,284
| -3% | -$1.57M |
|
411
Sun Communities
SUI
$16.2B
| $52.5M | 0.04% |
250,067
-575,346
| -70% | -$121M |
|
412
Enphase Energy
ENPH
$5.18B
| $52.3M | 0.04% |
285,975
-11,067
| -4% | -$2.02M |
|
413
Hartford Financial Services
HIG
$37B
| $52M | 0.03% |
753,738
-40,139
| -5% | -$2.77M |
|
414
XPeng
XPEV
$18.9B
| $51.8M | 0.03% |
1,028,747
-33,270
| -3% | -$1.67M |
|
415
Cheniere Energy
LNG
$51.8B
| $51.4M | 0.03% |
507,157
-25,245
| -5% | -$2.56M |
|
416
Revvity
RVTY
$10.1B
| $51.4M | 0.03% |
255,663
+1,095
| +0.4% | +$220K |
|
|
HZNP
417
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $50.9M | 0.03% |
472,575
-14,500
| -3% | -$1.56M |
|
418
Essex Property Trust
ESS
$17.3B
| $50.6M | 0.03% |
143,619
-3,681
| -2% | -$1.3M |
|
419
VF Corp
VFC
$5.86B
| $50.1M | 0.03% |
684,497
-36,805
| -5% | -$2.69M |
|
420
PPL Corp
PPL
$26.6B
| $50M | 0.03% |
1,664,712
-81,421
| -5% | -$2.45M |
|
|
NUAN
421
DELISTED
Nuance Communications, Inc.
NUAN
| $49.8M | 0.03% |
899,890
+264,160
| +42% | +$14.6M |
|
422
Waters Corp
WAT
$18.2B
| $49.4M | 0.03% |
132,498
-6,156
| -4% | -$2.29M |
|
423
Seagate
STX
$40B
| $49.3M | 0.03% |
436,298
-18,711
| -4% | -$2.11M |
|
424
BILL Holdings
BILL
$5.24B
| $49.3M | 0.03% |
197,699
+45,347
| +30% | +$11.3M |
|
425
Ulta Beauty
ULTA
$23.1B
| $48.9M | 0.03% |
118,664
-3,682
| -3% | -$1.52M |
|