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 |
Costco
COST
|
$292M |
| 2 |
NVIDIA
NVDA
|
$284M |
| 3 |
Applied Materials
AMAT
|
$233M |
| 4 |
NXP Semiconductors
NXPI
|
$190M |
| 5 |
Microchip Technology
MCHP
|
$184M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Dover
DOV
$24B
| $48.4M | 0.03% |
252,509
+1,253
| +0.5% | +$240K |
|
402
IDEX
IEX
$12.1B
| $48.4M | 0.03% |
225,409
-10,342
| -4% | -$2.22M |
|
403
State Street
STT
$32.1B
| $48.2M | 0.03% |
544,808
+13,835
| +3% | +$1.22M |
|
404
Axon Enterprise
AXON
$56.9B
| $48M | 0.03% |
120,183
-1,450
| -1% | -$579K |
|
405
Molson Coors Class B
TAP
$9.85B
| $47.6M | 0.03% |
827,715
-31,793
| -4% | -$1.83M |
|
406
International Flavors & Fragrances
IFF
$16.8B
| $47.6M | 0.03% |
453,331
+1,624
| +0.4% | +$170K |
|
407
Omega Healthcare
OHI
$12.5B
| $47.5M | 0.03% |
1,166,895
-5,184
| -0.4% | -$211K |
|
408
Snowflake
SNOW
$76.5B
| $47.1M | 0.03% |
410,429
-13,975
| -3% | -$1.61M |
|
409
Deckers Outdoor
DECK
$18.3B
| $46.6M | 0.03% |
292,199
+242,969
| +494% | -$507K |
|
410
Encompass Health
EHC
$12.5B
| $46.5M | 0.03% |
481,262
-22,317
| -4% | -$2.16M |
|
411
Murphy USA
MUSA
$7.16B
| $46.4M | 0.03% |
94,186
-9,030
| -9% | -$4.45M |
|
412
Strategy Inc Common Stock Class A
MSTR
$93.6B
| $46.3M | 0.03% |
274,879
+247,236
| +894% | -$261K |
|
413
Weyerhaeuser
WY
$17.9B
| $46.3M | 0.03% |
1,368,659
+11,595
| +0.9% | +$393K |
|
414
Global Payments
GPN
$21B
| $46.1M | 0.03% |
450,027
+88
| +0% | +$9.01K |
|
415
Icon
ICLR
$14B
| $45.9M | 0.03% |
159,815
+216
| +0.1% | +$62.1K |
|
416
LyondellBasell Industries
LYB
$17.4B
| $45.9M | 0.03% |
478,305
-13,616
| -3% | -$1.31M |
|
417
Veralto
VLTO
$26.1B
| $45.7M | 0.03% |
408,460
+14,484
| +4% | +$1.62M |
|
418
Ventas
VTR
$30.7B
| $45.5M | 0.03% |
710,214
+4,492
| +0.6% | +$288K |
|
419
First Solar
FSLR
$21.6B
| $45.5M | 0.03% |
182,351
+38,958
| +27% | +$9.72M |
|
420
DexCom
DXCM
$30.9B
| $44.7M | 0.03% |
666,359
+7,479
| +1% | +$501K |
|
421
Campbell Soup
CPB
$10.1B
| $43.9M | 0.03% |
897,218
-26,187
| -3% | -$1.28M |
|
422
HubSpot
HUBS
$24.9B
| $43.8M | 0.03% |
82,416
+917
| +1% | +$487K |
|
423
T Rowe Price
TROW
$23.2B
| $43.5M | 0.03% |
399,461
+4,112
| +1% | +$448K |
|
424
Devon Energy
DVN
$22.3B
| $43.5M | 0.03% |
1,112,254
+5,797
| +0.5% | +$227K |
|
425
Atlassian
TEAM
$44.8B
| $43.4M | 0.03% |
273,210
-2,952
| -1% | -$469K |
|