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 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$217M |
| 2 |
T-Mobile US
TMUS
|
+$208M |
| 3 |
Electronic Arts
EA
|
+$208M |
| 4 |
Amazon
AMZN
|
+$205M |
| 5 |
Microsoft
MSFT
|
+$193M |
Top Sells
| 1 |
Realty Income
O
|
+$110M |
| 2 |
Healthpeak Properties
DOC
|
+$86.3M |
| 3 |
Hartford Financial Services
HIG
|
+$63.5M |
| 4 |
Annaly Capital Management
NLY
|
+$62.7M |
| 5 |
W.P. Carey
WPC
|
+$51.3M |
Sector Composition
| 1 | Technology | 21.87% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.93% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Fortinet
FTNT
$62.1B
| $35.9M | 0.03% |
1,524,140
+34,825
| +2% | +$821K |
|
427
Teladoc Health
TDOC
$1.46B
| $35.9M | 0.03% |
163,570
-1,092
| -0.7% | -$239K |
|
428
Dover
DOV
$23.7B
| $35.8M | 0.03% |
330,668
+6,336
| +2% | +$686K |
|
429
Datadog
DDOG
$47.7B
| $35.6M | 0.03% |
348,284
+8,965
| +3% | +$916K |
|
430
Lamb Weston
LW
$7.87B
| $35.6M | 0.03% |
536,503
-694,480
| -56% | -$46M |
|
431
Paycom
PAYC
$12.2B
| $35.2M | 0.03% |
113,017
+2,547
| +2% | +$793K |
|
432
Trip.com Group
TCOM
$51.1B
| $35M | 0.03% |
1,122,657
+20,840
| +2% | +$649K |
|
433
Pinterest
PINS
$24.7B
| $34.8M | 0.03% |
839,500
+21,400
| +3% | +$888K |
|
|
HZNP
434
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $34.8M | 0.03% |
448,187
+37,792
| +9% | +$2.94M |
|
435
DraftKings
DKNG
$21.5B
| $34.8M | 0.03% |
591,232
+136,088
| +30% | +$8.01M |
|
|
PARA
436
DELISTED
Paramount Global Class B
PARA
| $34.6M | 0.03% |
1,236,088
+28,273
| +2% | +$792K |
|
437
Northern Trust
NTRS
$25.2B
| $34.5M | 0.03% |
442,301
+10,907
| +3% | +$850K |
|
438
Xylem
XYL
$34.6B
| $34.3M | 0.03% |
408,240
+9,293
| +2% | +$782K |
|
439
CarMax
KMX
$9B
| $34.3M | 0.03% |
373,625
+39,115
| +12% | +$3.6M |
|
440
Qorvo
QRVO
$8.34B
| $34M | 0.03% |
263,289
+1,478
| +0.6% | +$191K |
|
441
Steris
STE
$24.7B
| $34M | 0.03% |
192,703
+3,750
| +2% | +$661K |
|
442
Martin Marietta Materials
MLM
$37.4B
| $33.8M | 0.03% |
143,452
+4,308
| +3% | +$1.01M |
|
443
Cencora
COR
$56.4B
| $33.7M | 0.03% |
347,430
+10,030
| +3% | +$972K |
|
444
Masco
MAS
$15.3B
| $33.4M | 0.03% |
606,439
+12,316
| +2% | +$679K |
|
445
Teleflex
TFX
$5.56B
| $33.2M | 0.03% |
97,617
-6,404
| -6% | -$2.18M |
|
446
Cardinal Health
CAH
$35.6B
| $32.9M | 0.03% |
701,506
+19,966
| +3% | +$937K |
|
447
Etsy
ETSY
$6.43B
| $32.9M | 0.03% |
270,554
+29,300
| +12% | +$3.56M |
|
|
VAR
448
DELISTED
Varian Medical Systems, Inc.
VAR
| $32.8M | 0.03% |
190,562
+5,330
| +3% | +$917K |
|
449
Zillow
Z
$21.8B
| $32.7M | 0.03% |
322,014
+18,933
| +6% | +$1.92M |
|
|
PXD
450
DELISTED
Pioneer Natural Resource Co.
PXD
| $32.7M | 0.03% |
379,818
+11,308
| +3% | +$972K |
|