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 |
Texas Instruments
TXN
|
+$139M |
| 2 |
IBM
IBM
|
+$71.2M |
| 3 |
Tesla
TSLA
|
+$63.6M |
| 4 |
McKesson
MCK
|
+$58.3M |
| 5 |
GE HealthCare
GEHC
|
+$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
+$1.15B |
| 2 |
Microsoft
MSFT
|
+$401M |
| 3 |
Amazon
AMZN
|
+$354M |
| 4 |
NVIDIA
NVDA
|
+$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Regions Financial
RF
$23.9B
| $36.6M | 0.03% |
1,973,090
-256,379
| -11% | -$4.76M |
|
427
Waters Corp
WAT
$17.9B
| $36.4M | 0.03% |
117,691
-18,154
| -13% | -$5.62M |
|
428
Fair Isaac
FICO
$37.1B
| $36.3M | 0.03% |
51,665
-7,928
| -13% | -$5.57M |
|
429
Guidewire Software
GWRE
$21.6B
| $36.2M | 0.03% |
441,006
+50,152
| +13% | +$4.11M |
|
430
Datadog
DDOG
$49B
| $36.1M | 0.03% |
496,906
-87,960
| -15% | -$6.39M |
|
431
Fifth Third Bancorp
FITB
$30.1B
| $36.1M | 0.03% |
1,353,300
-216,237
| -14% | -$5.76M |
|
432
NVR
NVR
$22.9B
| $36M | 0.03% |
6,458
-640
| -9% | -$3.57M |
|
433
Invitation Homes
INVH
$18.6B
| $35.9M | 0.03% |
1,150,020
-201,556
| -15% | -$6.29M |
|
434
Northern Trust
NTRS
$24.6B
| $35.3M | 0.03% |
400,889
-69,343
| -15% | -$6.11M |
|
435
Spotify
SPOT
$148B
| $35.3M | 0.03% |
264,255
-46,507
| -15% | -$6.21M |
|
436
Tyson Foods
TSN
$19.9B
| $35.3M | 0.03% |
594,272
-108,836
| -15% | -$6.46M |
|
437
Ventas
VTR
$31B
| $34.2M | 0.03% |
788,935
-133,589
| -14% | -$5.79M |
|
438
Sun Communities
SUI
$16.3B
| $34.1M | 0.03% |
242,300
-27,492
| -10% | -$3.87M |
|
439
Reliance Steel & Aluminium
RS
$15.4B
| $34.1M | 0.03% |
132,673
-20,137
| -13% | -$5.17M |
|
440
Mid-America Apartment Communities
MAA
$17B
| $34M | 0.03% |
224,983
-32,972
| -13% | -$4.98M |
|
441
Icon
ICLR
$13.1B
| $33.5M | 0.03% |
156,796
-22,636
| -13% | -$4.83M |
|
442
Teradyne
TER
$18.3B
| $33.4M | 0.03% |
310,639
-45,886
| -13% | -$4.93M |
|
443
LPL Financial
LPLA
$27.2B
| $33.3M | 0.03% |
164,526
-22,150
| -12% | -$4.48M |
|
444
Pool Corp
POOL
$12B
| $33.2M | 0.03% |
96,977
-95,057
| -50% | -$32.6M |
|
445
Targa Resources
TRGP
$34.7B
| $33.2M | 0.03% |
454,658
-73,461
| -14% | -$5.36M |
|
446
Saic
SAIC
$4.73B
| $33M | 0.03% |
306,653
+15,463
| +5% | +$1.66M |
|
447
EPAM Systems
EPAM
$9.19B
| $32.7M | 0.03% |
109,349
-14,313
| -12% | -$4.28M |
|
448
AES
AES
$9.06B
| $32.5M | 0.03% |
1,350,748
-255,263
| -16% | -$6.15M |
|
449
Zebra Technologies
ZBRA
$15.9B
| $32.4M | 0.03% |
101,913
-11,654
| -10% | -$3.71M |
|
450
Lamb Weston
LW
$7.96B
| $32.4M | 0.03% |
310,002
-33,977
| -10% | -$3.55M |
|