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 |
Texas Instruments
TXN
|
+$139M |
| 2 |
IBM
IBM
|
+$71.2M |
| 3 |
Tesla
TSLA
|
+$63.6M |
| 4 |
McKesson
MCK
|
+$58.3M |
| 5 |
GE HealthCare
GEHC
|
+$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
+$1.15B |
| 2 |
Microsoft
MSFT
|
+$401M |
| 3 |
Amazon
AMZN
|
+$354M |
| 4 |
NVIDIA
NVDA
|
+$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Delta Air Lines
DAL
$39.6B
| $42M | 0.04% |
1,201,757
-165,060
| -12% | -$5.76M |
|
402
Dover
DOV
$24B
| $41.2M | 0.04% |
271,406
-42,729
| -14% | -$6.49M |
|
403
Align Technology
ALGN
$9.85B
| $41.2M | 0.04% |
123,285
-24,971
| -17% | -$8.34M |
|
404
PPL Corp
PPL
$26.4B
| $41.2M | 0.04% |
1,481,558
-187,100
| -11% | -$5.2M |
|
405
Arrow Electronics
ARW
$6.5B
| $40.8M | 0.04% |
326,776
+37,937
| +13% | +$4.74M |
|
406
Steel Dynamics
STLD
$19.2B
| $40.7M | 0.04% |
359,786
-59,226
| -14% | -$6.7M |
|
407
Zoom
ZM
$25.6B
| $40.3M | 0.04% |
545,653
-141,612
| -21% | -$10.5M |
|
408
M&T Bank
MTB
$31.2B
| $40.1M | 0.04% |
335,348
-65,831
| -16% | -$7.87M |
|
409
Darden Restaurants
DRI
$24.7B
| $39.7M | 0.04% |
256,098
-33,002
| -11% | -$5.12M |
|
410
Tyler Technologies
TYL
$24.2B
| $39.4M | 0.04% |
111,210
-176,735
| -61% | -$62.7M |
|
411
Principal Financial Group
PFG
$17.8B
| $38.8M | 0.03% |
521,696
-70,758
| -12% | -$5.26M |
|
412
Liberty Global Class C
LBTYK
$4B
| $38.6M | 0.03% |
1,896,388
-140,906
| -7% | -$2.87M |
|
413
CACI
CACI
$10.5B
| $38.6M | 0.03% |
130,267
+8,077
| +7% | +$2.39M |
|
414
Equity Lifestyle Properties
ELS
$11.9B
| $38.6M | 0.03% |
574,711
-35,157
| -6% | -$2.36M |
|
415
Southwest Airlines
LUV
$16.3B
| $37.9M | 0.03% |
1,164,375
-166,425
| -13% | -$5.42M |
|
416
HubSpot
HUBS
$26.5B
| $37.7M | 0.03% |
88,039
-14,291
| -14% | -$6.13M |
|
417
Las Vegas Sands
LVS
$37.1B
| $37.7M | 0.03% |
656,817
-106,287
| -14% | -$6.11M |
|
418
Wabtec
WAB
$32.5B
| $37.7M | 0.03% |
373,013
-54,540
| -13% | -$5.51M |
|
419
FTI Consulting
FCN
$5.41B
| $37.6M | 0.03% |
190,285
+14,919
| +9% | +$2.94M |
|
420
Raymond James Financial
RJF
$33B
| $37.4M | 0.03% |
401,237
-59,866
| -13% | -$5.58M |
|
421
Healthcare Realty
HR
$6.57B
| $37.3M | 0.03% |
1,928,660
-35,981
| -2% | -$696K |
|
422
Skyworks Solutions
SWKS
$11.1B
| $36.7M | 0.03% |
311,478
-39,880
| -11% | -$4.71M |
|
423
Steris
STE
$24.5B
| $36.6M | 0.03% |
191,543
-19,306
| -9% | -$3.69M |
|
424
CenterPoint Energy
CNP
$24.5B
| $36.6M | 0.03% |
1,243,413
-194,864
| -14% | -$5.74M |
|
425
Xylem
XYL
$33.5B
| $36.6M | 0.03% |
349,834
-49,078
| -12% | -$5.14M |
|