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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Hologic
HOLX
$14.6B
| $33M | 0.03% |
578,536
-13,473
| -2% | -$768K |
|
427
Domino's
DPZ
$15.3B
| $32.2M | 0.03% |
87,173
+2,703
| +3% | +$999K |
|
428
International Paper
IP
$24.5B
| $32.2M | 0.03% |
964,877
+9,511
| +1% | +$317K |
|
|
NBIS
429
Nebius Group N.V. Class A Ordinary Shares
NBIS
$22.3B
| $32M | 0.03% |
638,802
-14,719
| -2% | -$736K |
|
430
Fifth Third Bancorp
FITB
$30.1B
| $31.8M | 0.03% |
1,647,737
+18,247
| +1% | +$352K |
|
431
Teradyne
TER
$18.7B
| $31.5M | 0.03% |
373,245
-5,942
| -2% | -$502K |
|
432
W.W. Grainger
GWW
$47.5B
| $31.5M | 0.03% |
100,188
+1,935
| +2% | +$608K |
|
433
Elanco Animal Health
ELAN
$9.11B
| $31.5M | 0.03% |
1,467,020
+46,110
| +3% | +$989K |
|
434
Teladoc Health
TDOC
$1.32B
| $31.4M | 0.03% |
164,662
+3,885
| +2% | +$741K |
|
435
Dover
DOV
$24.1B
| $31.3M | 0.03% |
324,332
-5,052
| -2% | -$488K |
|
436
Oneok
OKE
$46.2B
| $30.8M | 0.03% |
928,296
+79,111
| +9% | +$2.63M |
|
437
Ventas
VTR
$31.5B
| $30.6M | 0.03% |
835,842
-2,202,905
| -72% | -$80.7M |
|
438
Ingredion
INGR
$8.08B
| $30.4M | 0.03% |
366,736
+15,424
| +4% | +$1.28M |
|
439
EPAM Systems
EPAM
$8.53B
| $30.1M | 0.03% |
119,633
+1,841
| +2% | +$464K |
|
440
Zebra Technologies
ZBRA
$15.6B
| $30.1M | 0.03% |
117,775
-2,862
| -2% | -$733K |
|
441
M&T Bank
MTB
$31B
| $30.1M | 0.03% |
289,372
-6,744
| -2% | -$701K |
|
442
Synchrony
SYF
$27.8B
| $30.1M | 0.03% |
1,356,778
-61,503
| -4% | -$1.36M |
|
443
CarMax
KMX
$8.88B
| $30M | 0.03% |
334,510
-38,143
| -10% | -$3.42M |
|
444
Masco
MAS
$15.3B
| $29.8M | 0.03% |
594,123
-45,751
| -7% | -$2.3M |
|
445
Western Digital
WDC
$33B
| $29.8M | 0.03% |
892,111
+8,774
| +1% | +$293K |
|
446
SS&C Technologies
SSNC
$21.6B
| $29.6M | 0.03% |
523,927
+23,727
| +5% | +$1.34M |
|
447
Datadog
DDOG
$48.5B
| $29.5M | 0.03% |
339,319
+285,875
| +535% | +$24.9M |
|
448
Hewlett Packard
HPE
$32.2B
| $29.2M | 0.03% |
2,997,690
-11,031
| -0.4% | -$107K |
|
449
Steris
STE
$24B
| $29M | 0.03% |
188,953
-588
| -0.3% | -$90.2K |
|
|
HES
450
DELISTED
Hess
HES
| $29M | 0.03% |
559,200
+6,789
| +1% | +$352K |
|