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 |
NVIDIA
NVDA
|
+$894M |
| 2 |
UnitedHealth
UNH
|
+$430M |
| 3 |
Intel
INTC
|
+$409M |
| 4 |
Amazon
AMZN
|
+$352M |
| 5 |
Broadcom
AVGO
|
+$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$415M |
| 2 |
Microsoft
MSFT
|
+$275M |
| 3 |
VMW
VMware, Inc
VMW
|
+$221M |
| 4 |
JPMorgan Chase
JPM
|
+$146M |
| 5 |
Verizon
VZ
|
+$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Builders FirstSource
BLDR
$16.3B
| $41.1M | 0.03% |
246,034
-16,807
| -6% | -$2.81M |
|
427
Old Republic International
ORI
$10B
| $40.6M | 0.03% |
1,380,617
+876,872
| +174% | +$25.8M |
|
428
Expedia Group
EXPE
$26.9B
| $39.9M | 0.03% |
262,592
+235
| +0.1% | +$35.7K |
|
429
Dover
DOV
$24.4B
| $39.8M | 0.03% |
258,723
-5,982
| -2% | -$920K |
|
430
Steris
STE
$24.5B
| $39.8M | 0.03% |
180,934
+2,167
| +1% | +$476K |
|
431
Saic
SAIC
$4.72B
| $39.6M | 0.03% |
318,231
+228
| +0.1% | +$28.3K |
|
432
Raymond James Financial
RJF
$33.1B
| $39.5M | 0.03% |
354,258
-15,588
| -4% | -$1.74M |
|
433
Omega Healthcare
OHI
$12.8B
| $39.1M | 0.03% |
1,276,276
+535,093
| +72% | +$16.4M |
|
434
Howmet Aerospace
HWM
$72.3B
| $39.1M | 0.03% |
722,379
-37,024
| -5% | -$2M |
|
435
FTI Consulting
FCN
$5.41B
| $39M | 0.03% |
195,943
-2,296
| -1% | -$457K |
|
436
Pinterest
PINS
$25.8B
| $38.8M | 0.03% |
1,048,627
-39,206
| -4% | -$1.45M |
|
437
Iron Mountain
IRM
$27.3B
| $38.8M | 0.03% |
554,841
-23,717
| -4% | -$1.66M |
|
438
SPS Commerce
SPSC
$4.19B
| $38.6M | 0.03% |
199,344
-2,819
| -1% | -$546K |
|
439
OGE Energy
OGE
$8.75B
| $38.3M | 0.03% |
1,095,069
+48,629
| +5% | +$1.7M |
|
440
Align Technology
ALGN
$9.92B
| $38.2M | 0.03% |
139,263
-4,106
| -3% | -$1.13M |
|
441
Teledyne Technologies
TDY
$25.6B
| $38.1M | 0.03% |
85,388
-2,813
| -3% | -$1.26M |
|
442
Corpay
CPAY
$22B
| $38M | 0.03% |
134,522
-1,577
| -1% | -$446K |
|
443
Qualys
QLYS
$4.88B
| $37.9M | 0.03% |
193,056
+122,168
| +172% | +$24M |
|
444
Invitation Homes
INVH
$18.5B
| $37.5M | 0.03% |
1,100,816
-50,990
| -4% | -$1.74M |
|
445
Ventas
VTR
$30.9B
| $37.3M | 0.03% |
749,091
-27,069
| -3% | -$1.35M |
|
446
Steel Dynamics
STLD
$19.8B
| $36.4M | 0.03% |
308,121
-24,557
| -7% | -$2.9M |
|
447
Nu Holdings
NU
$73.5B
| $36.3M | 0.03% |
4,356,402
+75,146
| +2% | +$626K |
|
448
Healthcare Realty
HR
$6.4B
| $36.2M | 0.03% |
2,100,389
-26,461
| -1% | -$456K |
|
449
Ares Management
ARES
$38.7B
| $35.8M | 0.03% |
300,727
-5,894
| -2% | -$701K |
|
450
Zscaler
ZS
$43.8B
| $35.7M | 0.03% |
161,009
+31,575
| +24% | +$7M |
|