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 |
Alphabet (Google) Class A
GOOGL
|
+$200M |
| 2 |
Apple
AAPL
|
+$164M |
| 3 |
Accenture
ACN
|
+$133M |
| 4 |
KLA
KLAC
|
+$115M |
| 5 |
Autodesk
ADSK
|
+$114M |
Top Sells
| 1 |
NVIDIA
NVDA
|
+$1.72B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
+$505M |
| 3 |
Costco
COST
|
+$422M |
| 4 |
Home Depot
HD
|
+$348M |
| 5 |
Bank of America
BAC
|
+$259M |
Sector Composition
| 1 | Technology | 33.69% |
| 2 | Healthcare | 12.79% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Dover
DOV
$24.4B
| $45.3M | 0.03% |
251,256
-2,712
| -1% | -$489K |
|
402
M&T Bank
MTB
$30.9B
| $45.3M | 0.03% |
299,536
-14,848
| -5% | -$2.25M |
|
403
NVR
NVR
$23.6B
| $45.1M | 0.03% |
5,947
-83
| -1% | -$630K |
|
404
Fifth Third Bancorp
FITB
$30B
| $44.7M | 0.03% |
1,224,312
-8,093
| -0.7% | -$295K |
|
405
Pultegroup
PHM
$27.4B
| $44.6M | 0.03% |
405,054
-21,919
| -5% | -$2.41M |
|
406
Amdocs
DOX
$9.38B
| $44.4M | 0.03% |
563,015
-123,316
| -18% | -$9.73M |
|
407
Lamb Weston
LW
$7.96B
| $44.4M | 0.03% |
527,842
-61,034
| -10% | -$5.13M |
|
408
Estee Lauder
EL
$31.2B
| $44M | 0.03% |
413,199
-459
| -0.1% | -$48.8K |
|
409
Rockwell Automation
ROK
$39.4B
| $43.9M | 0.03% |
159,505
-48,713
| -23% | -$13.4M |
|
410
Molson Coors Class B
TAP
$9.71B
| $43.7M | 0.03% |
859,508
-91,236
| -10% | -$4.64M |
|
411
Pinnacle West Capital
PNW
$10.6B
| $43.5M | 0.03% |
569,931
-96,029
| -14% | -$7.33M |
|
412
Global Payments
GPN
$21B
| $43.5M | 0.03% |
449,939
-11,997
| -3% | -$1.16M |
|
413
Encompass Health
EHC
$12.8B
| $43.2M | 0.03% |
503,579
-27,294
| -5% | -$2.34M |
|
414
West Pharmaceutical
WST
$19B
| $43.2M | 0.03% |
131,041
-4,729
| -3% | -$1.56M |
|
415
Western Digital
WDC
$33.4B
| $43M | 0.03% |
751,280
-10,007
| -1% | -$573K |
|
416
International Flavors & Fragrances
IFF
$17B
| $43M | 0.03% |
451,707
+97,849
| +28% | +$9.32M |
|
417
Sprouts Farmers Market
SFM
$13.5B
| $42.9M | 0.03% |
512,662
-85,290
| -14% | -$7.14M |
|
418
Essential Utilities
WTRG
$10.7B
| $42.7M | 0.03% |
1,143,652
-109,308
| -9% | -$4.08M |
|
419
KBR
KBR
$6.38B
| $42M | 0.03% |
655,356
-189,254
| -22% | -$12.1M |
|
420
Hormel Foods
HRL
$14B
| $41.9M | 0.03% |
1,374,367
-388,867
| -22% | -$11.9M |
|
421
Campbell Soup
CPB
$10.1B
| $41.7M | 0.03% |
923,405
-213,644
| -19% | -$9.65M |
|
422
Chemed
CHE
$6.67B
| $41.7M | 0.03% |
76,772
-7,385
| -9% | -$4.01M |
|
423
Cloudflare
NET
$78.3B
| $41.5M | 0.03% |
500,494
-16,651
| -3% | -$1.38M |
|
424
LPL Financial
LPLA
$27.8B
| $41.3M | 0.03% |
147,743
+7,625
| +5% | +$2.13M |
|
425
Raymond James Financial
RJF
$34.1B
| $41.2M | 0.03% |
333,077
-9,033
| -3% | -$1.12M |
|