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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Palantir
PLTR
$367B
| $40.7M | 0.03% |
2,966,057
-236,948
| -7% | -$3.25M |
|
427
Citizens Financial Group
CFG
$22.3B
| $40.6M | 0.03% |
894,684
-52,339
| -6% | -$2.37M |
|
428
Principal Financial Group
PFG
$17.9B
| $40.4M | 0.03% |
550,564
-39,811
| -7% | -$2.92M |
|
429
Alnylam Pharmaceuticals
ALNY
$58.6B
| $40.1M | 0.03% |
245,603
-64,072
| -21% | -$10.5M |
|
430
Avantor
AVTR
$8.74B
| $39.6M | 0.03% |
1,171,133
-98,395
| -8% | -$3.33M |
|
431
Steris
STE
$23.9B
| $39.5M | 0.03% |
163,564
-25,784
| -14% | -$6.23M |
|
432
Ingersoll Rand
IR
$30.8B
| $39.5M | 0.03% |
784,392
-66,597
| -8% | -$3.35M |
|
433
Fortive
FTV
$15.9B
| $39.4M | 0.03% |
646,161
-60,655
| -9% | -$3.7M |
|
434
TransUnion
TRU
$16.8B
| $39.3M | 0.03% |
379,832
-30,834
| -8% | -$3.19M |
|
435
Teradyne
TER
$19B
| $39.2M | 0.03% |
331,276
-22,987
| -6% | -$2.72M |
|
436
Waters Corp
WAT
$17.3B
| $39M | 0.03% |
125,552
-6,946
| -5% | -$2.16M |
|
437
Zscaler
ZS
$42.1B
| $38.7M | 0.03% |
160,202
-221,799
| -58% | -$53.5M |
|
438
NetApp
NTAP
$23.2B
| $38.6M | 0.03% |
464,917
-33,158
| -7% | -$2.75M |
|
439
Spotify
SPOT
$143B
| $38.2M | 0.03% |
252,704
-14,100
| -5% | -$2.13M |
|
440
Quanta Services
PWR
$55.8B
| $38.1M | 0.03% |
289,808
-17,391
| -6% | -$2.29M |
|
441
Hologic
HOLX
$14.7B
| $38.1M | 0.03% |
496,060
-39,748
| -7% | -$3.05M |
|
442
Okta
OKTA
$15.8B
| $38M | 0.03% |
251,549
-19,455
| -7% | -$2.94M |
|
443
Generac Holdings
GNRC
$10.3B
| $37.8M | 0.03% |
127,220
-7,862
| -6% | -$2.34M |
|
|
ONC
444
BeOne Medicines Ltd. American Depositary Shares
ONC
$37B
| $37.7M | 0.03% |
199,967
-20,668
| -9% | -$3.9M |
|
445
Synchrony
SYF
$28.1B
| $37.7M | 0.03% |
1,081,774
-115,474
| -10% | -$4.02M |
|
446
Constellation Energy
CEG
$96.4B
| $37.2M | 0.03% |
+661,906
| New | +$37.2M |
|
447
Jacobs Solutions
J
$17.1B
| $37.1M | 0.03% |
268,975
-20,246
| -7% | -$2.79M |
|
448
Advance Auto Parts
AAP
$3.54B
| $37.1M | 0.03% |
179,069
-8,814
| -5% | -$1.82M |
|
449
Arch Capital
ACGL
$34.7B
| $36.8M | 0.03% |
759,921
-56,486
| -7% | -$2.74M |
|
450
Trimble
TRMB
$18.7B
| $36.6M | 0.03% |
506,843
-31,602
| -6% | -$2.28M |
|