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 |
TE Connectivity
TEL
|
+$156M |
| 2 |
Microsoft
MSFT
|
+$154M |
| 3 |
Oracle
ORCL
|
+$104M |
| 4 |
Apple
AAPL
|
+$99.8M |
| 5 |
Texas Instruments
TXN
|
+$98.1M |
Top Sells
| 1 |
Amazon
AMZN
|
+$363M |
| 2 |
Accenture
ACN
|
+$352M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$313M |
| 4 |
Charter Communications
CHTR
|
+$159M |
| 5 |
Danaher
DHR
|
+$150M |
Sector Composition
| 1 | Technology | 28.02% |
| 2 | Healthcare | 14.96% |
| 3 | Financials | 11.83% |
| 4 | Consumer Discretionary | 9.76% |
| 5 | Consumer Staples | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Royalty Pharma
RPRX
$15.5B
| $41.8M | 0.04% |
1,358,304
+65,278
| +5% | +$2.01M |
|
402
Spotify
SPOT
$148B
| $41.5M | 0.04% |
258,489
-5,766
| -2% | -$926K |
|
403
Southwest Airlines
LUV
$16.7B
| $40.7M | 0.03% |
1,122,987
-41,388
| -4% | -$1.5M |
|
404
Enphase Energy
ENPH
$4.96B
| $40.7M | 0.03% |
242,759
-10,366
| -4% | -$1.74M |
|
405
NVR
NVR
$23.6B
| $40.1M | 0.03% |
6,316
-142
| -2% | -$902K |
|
406
Darden Restaurants
DRI
$24.6B
| $39.9M | 0.03% |
238,926
-17,172
| -7% | -$2.87M |
|
407
Fair Isaac
FICO
$36.9B
| $39.5M | 0.03% |
48,842
-2,823
| -5% | -$2.28M |
|
408
MongoDB
MDB
$26.9B
| $39.3M | 0.03% |
95,732
-6,660
| -7% | -$2.74M |
|
409
Equity Lifestyle Properties
ELS
$11.9B
| $39.3M | 0.03% |
588,150
+13,439
| +2% | +$899K |
|
410
Datadog
DDOG
$49B
| $39.1M | 0.03% |
397,374
-99,532
| -20% | -$9.79M |
|
411
M&T Bank
MTB
$31.1B
| $39M | 0.03% |
315,133
-20,215
| -6% | -$2.5M |
|
412
Raymond James Financial
RJF
$33B
| $38.7M | 0.03% |
373,231
-28,006
| -7% | -$2.91M |
|
413
Wabtec
WAB
$32.6B
| $38.6M | 0.03% |
352,201
-20,812
| -6% | -$2.28M |
|
|
WBA
414
DELISTED
Walgreens Boots Alliance
WBA
| $38.5M | 0.03% |
1,351,797
-90,408
| -6% | -$2.58M |
|
415
First Solar
FSLR
$21.8B
| $38.5M | 0.03% |
202,344
-7,570
| -4% | -$1.44M |
|
416
SPS Commerce
SPSC
$4.19B
| $38.4M | 0.03% |
199,763
+118,641
| +146% | +$22.8M |
|
417
Invitation Homes
INVH
$18.5B
| $38.3M | 0.03% |
1,114,230
-35,790
| -3% | -$1.23M |
|
418
CenterPoint Energy
CNP
$24.4B
| $38.3M | 0.03% |
1,314,503
+71,090
| +6% | +$2.07M |
|
419
PPL Corp
PPL
$26.4B
| $38.3M | 0.03% |
1,446,817
-34,741
| -2% | -$919K |
|
420
Dover
DOV
$24.4B
| $38.2M | 0.03% |
258,640
-12,766
| -5% | -$1.88M |
|
421
Healthcare Realty
HR
$6.4B
| $37.8M | 0.03% |
2,002,940
+74,280
| +4% | +$1.4M |
|
422
Insulet
PODD
$24.6B
| $37.7M | 0.03% |
130,730
-3,844
| -3% | -$1.11M |
|
423
Icon
ICLR
$13.1B
| $37.4M | 0.03% |
149,666
-7,130
| -5% | -$1.78M |
|
424
Teledyne Technologies
TDY
$25.5B
| $36.8M | 0.03% |
89,485
-6,316
| -7% | -$2.6M |
|
425
Steel Dynamics
STLD
$19.8B
| $36.6M | 0.03% |
335,572
-24,214
| -7% | -$2.64M |
|