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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Zebra Technologies
ZBRA
$16B
| $45.1M | 0.04% |
109,112
-6,369
| -6% | -$2.63M |
|
402
Monolithic Power Systems
MPWR
$41.5B
| $45.1M | 0.04% |
92,892
-3,662
| -4% | -$1.78M |
|
403
Teledyne Technologies
TDY
$25.7B
| $45.1M | 0.04% |
95,361
-3,861
| -4% | -$1.82M |
|
404
U-Haul Holding Co
UHAL
$11.2B
| $44.7M | 0.03% |
749,560
-4,480
| -0.6% | -$267K |
|
405
Regions Financial
RF
$24.1B
| $44.7M | 0.03% |
2,009,857
-147,588
| -7% | -$3.29M |
|
406
Skyworks Solutions
SWKS
$11.2B
| $44.6M | 0.03% |
334,543
-20,734
| -6% | -$2.76M |
|
407
Stanley Black & Decker
SWK
$12.1B
| $44.6M | 0.03% |
318,870
-29,174
| -8% | -$4.08M |
|
408
PPL Corp
PPL
$26.6B
| $44.2M | 0.03% |
1,548,766
-115,946
| -7% | -$3.31M |
|
409
Ulta Beauty
ULTA
$23.1B
| $44.2M | 0.03% |
110,970
-7,694
| -6% | -$3.06M |
|
410
KeyCorp
KEY
$20.8B
| $44.1M | 0.03% |
1,972,656
-134,977
| -6% | -$3.02M |
|
411
HubSpot
HUBS
$25.7B
| $44M | 0.03% |
92,634
-5,043
| -5% | -$2.4M |
|
412
Lennar Class A
LEN
$36.7B
| $43.7M | 0.03% |
556,419
-47,283
| -8% | -$3.72M |
|
413
Revvity
RVTY
$10.1B
| $43.7M | 0.03% |
250,539
-5,124
| -2% | -$894K |
|
414
Huntington Bancshares
HBAN
$25.7B
| $42.9M | 0.03% |
2,937,175
-141,658
| -5% | -$2.07M |
|
415
Raymond James Financial
RJF
$33B
| $42.7M | 0.03% |
388,800
-29,611
| -7% | -$3.25M |
|
|
SPLK
416
DELISTED
Splunk Inc
SPLK
| $42.7M | 0.03% |
287,538
-27,631
| -9% | -$4.11M |
|
417
BILL Holdings
BILL
$5.24B
| $42.6M | 0.03% |
188,010
-9,689
| -5% | -$2.2M |
|
418
Boston Properties
BXP
$12.2B
| $42.5M | 0.03% |
330,138
-16,329
| -5% | -$2.1M |
|
419
PG&E
PCG
$33.2B
| $42.5M | 0.03% |
3,560,461
+651,805
| +22% | +$7.78M |
|
420
Sun Communities
SUI
$16.2B
| $42.3M | 0.03% |
241,375
-8,692
| -3% | -$1.52M |
|
421
Molina Healthcare
MOH
$9.47B
| $41.4M | 0.03% |
124,064
-3,122
| -2% | -$1.04M |
|
|
MRO
422
DELISTED
Marathon Oil Corporation
MRO
| $41.3M | 0.03% |
1,646,603
-83,313
| -5% | -$2.09M |
|
423
DocuSign
DOCU
$16.1B
| $41.3M | 0.03% |
385,281
-58,256
| -13% | -$6.24M |
|
424
Corpay
CPAY
$22.4B
| $41.2M | 0.03% |
165,474
-178,968
| -52% | -$44.6M |
|
425
Icon
ICLR
$13.6B
| $40.8M | 0.03% |
167,641
-6,342
| -4% | -$1.54M |
|