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 |
NVIDIA
NVDA
|
+$894M |
| 2 |
UnitedHealth
UNH
|
+$430M |
| 3 |
Intel
INTC
|
+$409M |
| 4 |
Amazon
AMZN
|
+$352M |
| 5 |
Broadcom
AVGO
|
+$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$415M |
| 2 |
Microsoft
MSFT
|
+$275M |
| 3 |
VMW
VMware, Inc
VMW
|
+$221M |
| 4 |
JPMorgan Chase
JPM
|
+$146M |
| 5 |
Verizon
VZ
|
+$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Delta Air Lines
DAL
$39.6B
| $46.6M | 0.04% |
1,157,625
-41,931
| -3% | -$1.69M |
|
402
KBR
KBR
$6.35B
| $46.2M | 0.04% |
834,360
+6,918
| +0.8% | +$383K |
|
403
Equity Lifestyle Properties
ELS
$11.9B
| $46.2M | 0.04% |
654,819
-13,556
| -2% | -$956K |
|
404
Hartford Financial Services
HIG
$36.8B
| $46.1M | 0.04% |
573,523
-28,066
| -5% | -$2.26M |
|
405
State Street
STT
$31.8B
| $46M | 0.03% |
594,101
-46,216
| -7% | -$3.58M |
|
406
Ulta Beauty
ULTA
$23B
| $46M | 0.03% |
93,847
-8,373
| -8% | -$4.1M |
|
407
Gaming and Leisure Properties
GLPI
$13.6B
| $45.6M | 0.03% |
924,388
+270,667
| +41% | +$13.4M |
|
408
Texas Roadhouse
TXRH
$11.2B
| $45.4M | 0.03% |
371,261
+9,202
| +3% | +$1.12M |
|
409
Pultegroup
PHM
$27B
| $45.2M | 0.03% |
437,832
-17,498
| -4% | -$1.81M |
|
410
eBay
EBAY
$42.2B
| $45.1M | 0.03% |
1,033,450
-40,858
| -4% | -$1.78M |
|
411
ResMed
RMD
$40.9B
| $45.1M | 0.03% |
261,957
-8,571
| -3% | -$1.47M |
|
412
Warner Bros
WBD
$30.4B
| $44.2M | 0.03% |
3,886,045
-155,518
| -4% | -$1.77M |
|
413
Icon
ICLR
$13.1B
| $44M | 0.03% |
155,573
+2,065
| +1% | +$585K |
|
|
SPLK
414
DELISTED
Splunk Inc
SPLK
| $43.7M | 0.03% |
286,961
+5,033
| +2% | +$767K |
|
415
Cloudflare
NET
$76.2B
| $43.7M | 0.03% |
524,747
+891
| +0.2% | +$74.2K |
|
416
T Rowe Price
TROW
$23.5B
| $43.6M | 0.03% |
404,502
-9,244
| -2% | -$995K |
|
417
Wabtec
WAB
$32.5B
| $43.4M | 0.03% |
342,223
-14,002
| -4% | -$1.78M |
|
418
Fifth Third Bancorp
FITB
$30.1B
| $43.3M | 0.03% |
1,255,396
-50,558
| -4% | -$1.74M |
|
419
Dollar General
DG
$23B
| $43.3M | 0.03% |
318,320
-1,031,986
| -76% | -$140M |
|
420
Aptiv
APTV
$17.9B
| $43.2M | 0.03% |
481,591
-18,558
| -4% | -$1.67M |
|
421
M&T Bank
MTB
$31.2B
| $43.1M | 0.03% |
314,361
-1,250
| -0.4% | -$171K |
|
422
Arrow Electronics
ARW
$6.5B
| $42.7M | 0.03% |
349,051
-4,510
| -1% | -$551K |
|
423
NVR
NVR
$22.9B
| $42.6M | 0.03% |
6,082
-226
| -4% | -$1.58M |
|
424
Murphy USA
MUSA
$7.55B
| $41.8M | 0.03% |
117,096
+2,199
| +2% | +$784K |
|
425
CACI
CACI
$10.5B
| $41.7M | 0.03% |
128,803
-602
| -0.5% | -$195K |
|