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 |
Meta Platforms (Facebook)
META
|
+$234M |
| 2 |
NVIDIA
NVDA
|
+$197M |
| 3 |
Costco
COST
|
+$174M |
| 4 |
Home Depot
HD
|
+$157M |
| 5 |
Airbnb
ABNB
|
+$137M |
Top Sells
| 1 |
Amazon
AMZN
|
+$432M |
| 2 |
Microsoft
MSFT
|
+$271M |
| 3 |
Merck
MRK
|
+$261M |
| 4 |
Walt Disney
DIS
|
+$232M |
| 5 |
Texas Instruments
TXN
|
+$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Reinsurance Group of America
RGA
$12.7B
| $50.3M | 0.04% |
260,926
+41,774
| +19% | +$8.06M |
|
402
LyondellBasell Industries
LYB
$17.5B
| $50.2M | 0.04% |
490,399
-18,787
| -4% | -$1.92M |
|
403
Cloudflare
NET
$76.2B
| $50.1M | 0.04% |
517,145
-7,602
| -1% | -$736K |
|
404
Zimmer Biomet
ZBH
$20.7B
| $50M | 0.04% |
378,597
-11,321
| -3% | -$1.49M |
|
405
Pinnacle West Capital
PNW
$10.5B
| $49.8M | 0.04% |
665,960
+16,224
| +2% | +$1.21M |
|
406
Weyerhaeuser
WY
$18.7B
| $49.5M | 0.03% |
1,379,141
-45,904
| -3% | -$1.65M |
|
407
T Rowe Price
TROW
$23.8B
| $49.1M | 0.03% |
402,923
-1,579
| -0.4% | -$193K |
|
408
Murphy USA
MUSA
$7.55B
| $49.1M | 0.03% |
117,096
| – | – |
|
409
NVR
NVR
$23.6B
| $48.8M | 0.03% |
6,030
-52
| -0.9% | -$421K |
|
410
Wabtec
WAB
$32.6B
| $48.6M | 0.03% |
333,694
-8,529
| -2% | -$1.24M |
|
411
Vistra
VST
$65.7B
| $48.6M | 0.03% |
697,435
-24,643
| -3% | -$1.72M |
|
412
Howmet Aerospace
HWM
$72.3B
| $48.6M | 0.03% |
709,587
-12,792
| -2% | -$875K |
|
413
CACI
CACI
$10.4B
| $48.5M | 0.03% |
128,119
-684
| -0.5% | -$259K |
|
414
Builders FirstSource
BLDR
$15.5B
| $48.4M | 0.03% |
231,978
-14,056
| -6% | -$2.93M |
|
415
NNN REIT
NNN
$8.12B
| $48.2M | 0.03% |
1,127,975
+35,924
| +3% | +$1.54M |
|
416
Ulta Beauty
ULTA
$23.3B
| $47.8M | 0.03% |
91,383
-2,464
| -3% | -$1.29M |
|
417
Dollar General
DG
$23.9B
| $47.6M | 0.03% |
305,286
-13,034
| -4% | -$2.03M |
|
418
Dollar Tree
DLTR
$20.3B
| $47.5M | 0.03% |
356,982
-88,159
| -20% | -$11.7M |
|
419
Essential Utilities
WTRG
$10.8B
| $46.4M | 0.03% |
1,252,960
+823,254
| +192% | +$30.5M |
|
420
Deckers Outdoor
DECK
$17.1B
| $46.3M | 0.03% |
295,452
-10,044
| -3% | -$1.58M |
|
421
Exelixis
EXEL
$10.1B
| $45.9M | 0.03% |
1,935,822
-38,469
| -2% | -$913K |
|
422
Fifth Third Bancorp
FITB
$30.1B
| $45.9M | 0.03% |
1,232,405
-22,991
| -2% | -$855K |
|
423
M&T Bank
MTB
$31.1B
| $45.7M | 0.03% |
314,384
+23
| +0% | +$3.35K |
|
424
Gaming and Leisure Properties
GLPI
$13.6B
| $45.2M | 0.03% |
980,164
+55,776
| +6% | +$2.57M |
|
425
Dover
DOV
$24.4B
| $45M | 0.03% |
253,968
-4,755
| -2% | -$843K |
|