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 |
Meta Platforms (Facebook)
META
|
+$234M |
| 2 |
NVIDIA
NVDA
|
+$197M |
| 3 |
Costco
COST
|
+$174M |
| 4 |
Home Depot
HD
|
+$157M |
| 5 |
Airbnb
ABNB
|
+$137M |
Top Sells
| 1 |
Amazon
AMZN
|
+$432M |
| 2 |
Microsoft
MSFT
|
+$271M |
| 3 |
Merck
MRK
|
+$261M |
| 4 |
Walt Disney
DIS
|
+$232M |
| 5 |
Texas Instruments
TXN
|
+$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Targa Resources
TRGP
$35.3B
| $44.8M | 0.03% |
399,652
-10,029
| -2% | -$1.12M |
|
427
Align Technology
ALGN
$9.81B
| $44.6M | 0.03% |
135,959
-3,304
| -2% | -$1.08M |
|
428
Raymond James Financial
RJF
$33.1B
| $43.9M | 0.03% |
342,110
-12,148
| -3% | -$1.56M |
|
429
Encompass Health
EHC
$12.5B
| $43.8M | 0.03% |
530,873
+15,156
| +3% | +$1.25M |
|
430
Arrow Electronics
ARW
$6.5B
| $43.8M | 0.03% |
338,111
-10,940
| -3% | -$1.42M |
|
431
State Street
STT
$31.7B
| $43.7M | 0.03% |
565,727
-28,374
| -5% | -$2.19M |
|
432
ON Semiconductor
ON
$19.8B
| $43.5M | 0.03% |
591,057
-194,707
| -25% | -$14.3M |
|
433
Old Republic International
ORI
$9.84B
| $43.4M | 0.03% |
1,412,551
+31,934
| +2% | +$981K |
|
434
Iron Mountain
IRM
$29.1B
| $43.3M | 0.03% |
540,387
-14,454
| -3% | -$1.16M |
|
435
Omega Healthcare
OHI
$12.6B
| $43.2M | 0.03% |
1,365,079
+88,803
| +7% | +$2.81M |
|
436
MongoDB
MDB
$27.6B
| $43.1M | 0.03% |
120,180
-1,210
| -1% | -$434K |
|
437
Xylem
XYL
$33.6B
| $42.6M | 0.03% |
329,453
-95,827
| -23% | -$12.4M |
|
438
Qorvo
QRVO
$8.11B
| $42M | 0.03% |
365,364
+176,082
| +93% | +$20.2M |
|
439
Steel Dynamics
STLD
$19.4B
| $41.4M | 0.03% |
279,423
-28,698
| -9% | -$4.25M |
|
440
Hubbell
HUBB
$23.7B
| $41.3M | 0.03% |
99,617
-2,102
| -2% | -$872K |
|
441
Strategy Inc Common Stock Class A
MSTR
$94.7B
| $40.6M | 0.03% |
238,210
+10,390
| +5% | +$1.77M |
|
442
Corpay
CPAY
$21.6B
| $40.3M | 0.03% |
130,575
-3,947
| -3% | -$1.22M |
|
443
Saic
SAIC
$4.69B
| $40.3M | 0.03% |
308,817
-9,414
| -3% | -$1.23M |
|
444
Ares Management
ARES
$39.1B
| $40.2M | 0.03% |
302,291
+1,564
| +0.5% | +$208K |
|
445
BWX Technologies
BWXT
$15.1B
| $39.9M | 0.03% |
388,484
+1,446
| +0.4% | +$148K |
|
446
Steris
STE
$24.3B
| $39.6M | 0.03% |
176,093
-4,841
| -3% | -$1.09M |
|
447
Royal Gold
RGLD
$12.3B
| $39.5M | 0.03% |
324,462
+77,350
| +31% | +$9.42M |
|
448
Western Digital
WDC
$33.2B
| $39.3M | 0.03% |
761,287
+130,286
| +21% | +$6.72M |
|
449
Alexandria Real Estate Equities
ARE
$14.3B
| $39.2M | 0.03% |
303,826
-467,766
| -61% | -$60.3M |
|
450
OGE Energy
OGE
$8.81B
| $38.9M | 0.03% |
1,133,271
+38,202
| +3% | +$1.31M |
|