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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Hologic
HOLX
$14.8B
| $45.1M | 0.03% |
618,915
+27,210
| +5% | +$1.98M |
|
427
CDW
CDW
$22.1B
| $45.1M | 0.03% |
341,889
+14,216
| +4% | +$1.87M |
|
428
Enphase Energy
ENPH
$4.96B
| $44.8M | 0.03% |
255,499
+10,792
| +4% | +$1.89M |
|
429
Hartford Financial Services
HIG
$36.8B
| $44.6M | 0.03% |
910,462
-373,585
| -29% | -$18.3M |
|
430
Ventas
VTR
$31B
| $44.3M | 0.03% |
902,657
+40,900
| +5% | +$2.01M |
|
431
Las Vegas Sands
LVS
$37.1B
| $44.2M | 0.03% |
741,817
-28,231
| -4% | -$1.68M |
|
432
W.W. Grainger
GWW
$47.6B
| $43.6M | 0.03% |
106,802
+4,498
| +4% | +$1.84M |
|
433
Exact Sciences
EXAS
$10.5B
| $43.4M | 0.03% |
327,506
+16,906
| +5% | +$2.24M |
|
434
Alnylam Pharmaceuticals
ALNY
$63.2B
| $43.4M | 0.03% |
333,740
+69,389
| +26% | +$9.02M |
|
435
Xylem
XYL
$33.5B
| $43.2M | 0.03% |
424,428
+16,188
| +4% | +$1.65M |
|
436
Northern Trust
NTRS
$24.6B
| $43.2M | 0.03% |
463,287
+20,986
| +5% | +$1.95M |
|
437
Expedia Group
EXPE
$26.9B
| $43M | 0.03% |
324,758
+14,868
| +5% | +$1.97M |
|
438
MongoDB
MDB
$26.9B
| $42.9M | 0.03% |
119,422
+6,174
| +5% | +$2.22M |
|
439
Martin Marietta Materials
MLM
$37B
| $42.8M | 0.03% |
150,753
+7,301
| +5% | +$2.07M |
|
440
Dover
DOV
$24B
| $42.8M | 0.03% |
338,617
+7,949
| +2% | +$1M |
|
441
United Rentals
URI
$60.8B
| $42.7M | 0.03% |
184,318
+9,146
| +5% | +$2.12M |
|
442
Teleflex
TFX
$5.76B
| $42.3M | 0.03% |
102,818
+5,201
| +5% | +$2.14M |
|
443
Conagra Brands
CAG
$9.3B
| $42.2M | 0.03% |
1,164,961
+49,514
| +4% | +$1.8M |
|
|
CTLT
444
DELISTED
CATALENT, INC.
CTLT
| $41M | 0.03% |
394,355
+21,923
| +6% | +$2.28M |
|
445
PG&E
PCG
$32.9B
| $41M | 0.03% |
3,292,056
+210,944
| +7% | +$2.63M |
|
446
Arista Networks
ANET
$178B
| $40.9M | 0.03% |
2,250,048
+98,848
| +5% | +$1.8M |
|
447
KeyCorp
KEY
$20.9B
| $40.7M | 0.03% |
2,482,677
+136,167
| +6% | +$2.23M |
|
448
Western Digital
WDC
$32.8B
| $40.5M | 0.03% |
966,728
+57,331
| +6% | +$2.4M |
|
449
StoneCo
STNE
$4.78B
| $40.2M | 0.03% |
478,773
+71,060
| +17% | +$5.96M |
|
450
Trimble
TRMB
$19.1B
| $40M | 0.03% |
598,609
+27,233
| +5% | +$1.82M |
|