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 |
Alphabet (Google) Class A
GOOGL
|
+$200M |
| 2 |
Apple
AAPL
|
+$164M |
| 3 |
Accenture
ACN
|
+$133M |
| 4 |
KLA
KLAC
|
+$115M |
| 5 |
Autodesk
ADSK
|
+$114M |
Top Sells
| 1 |
NVIDIA
NVDA
|
+$1.72B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
+$505M |
| 3 |
Costco
COST
|
+$422M |
| 4 |
Home Depot
HD
|
+$348M |
| 5 |
Bank of America
BAC
|
+$259M |
Sector Composition
| 1 | Technology | 33.69% |
| 2 | Healthcare | 12.79% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Zimmer Biomet
ZBH
$20.7B
| $41M | 0.03% |
377,487
-1,110
| -0.3% | -$120K |
|
427
Albertsons Companies
ACI
$10.5B
| $40.3M | 0.03% |
2,042,504
-443,684
| -18% | -$8.76M |
|
428
Ares Management
ARES
$40.5B
| $40.3M | 0.03% |
302,478
+187
| +0.1% | +$24.9K |
|
429
Royal Gold
RGLD
$12.5B
| $40.2M | 0.03% |
321,209
-3,253
| -1% | -$407K |
|
430
Omega Healthcare
OHI
$12.5B
| $40.1M | 0.03% |
1,172,079
-193,000
| -14% | -$6.61M |
|
431
Applovin
APP
$193B
| $39.9M | 0.03% |
479,870
+89,571
| +23% | +$7.45M |
|
432
Steel Dynamics
STLD
$19.7B
| $39.9M | 0.03% |
308,224
+28,801
| +10% | +$3.73M |
|
433
State Street
STT
$32B
| $39.3M | 0.03% |
530,973
-34,754
| -6% | -$2.57M |
|
434
Teradyne
TER
$18.4B
| $38.8M | 0.03% |
261,922
-10,799
| -4% | -$1.6M |
|
435
Dollar General
DG
$23.2B
| $38.8M | 0.03% |
293,429
-11,857
| -4% | -$1.57M |
|
436
Knight Transportation
KNX
$6.97B
| $38.8M | 0.03% |
777,199
-211,688
| -21% | -$10.6M |
|
437
Bentley Systems
BSY
$16.2B
| $38.6M | 0.03% |
782,970
-315,668
| -29% | -$15.6M |
|
438
Henry Schein
HSIC
$8.43B
| $38.6M | 0.03% |
601,841
-231,008
| -28% | -$14.8M |
|
439
Weyerhaeuser
WY
$18.6B
| $38.5M | 0.03% |
1,357,064
-22,077
| -2% | -$627K |
|
440
NNN REIT
NNN
$8.17B
| $38.5M | 0.03% |
903,298
-224,677
| -20% | -$9.57M |
|
441
Carlisle Companies
CSL
$16.8B
| $38.3M | 0.03% |
94,629
+4,065
| +4% | +$1.65M |
|
442
Strategy Inc Common Stock Class A
MSTR
$92.4B
| $38.1M | 0.03% |
276,430
+38,220
| +16% | +$5.26M |
|
443
Old Republic International
ORI
$10.1B
| $37.9M | 0.03% |
1,225,390
-187,161
| -13% | -$5.78M |
|
444
Steris
STE
$24.9B
| $37.7M | 0.03% |
171,502
-4,591
| -3% | -$1.01M |
|
445
Veralto
VLTO
$27.1B
| $37.6M | 0.03% |
393,976
+13,293
| +3% | +$1.27M |
|
446
Gaming and Leisure Properties
GLPI
$13.7B
| $37.5M | 0.03% |
829,737
-150,427
| -15% | -$6.8M |
|
447
Invitation Homes
INVH
$18.8B
| $37.5M | 0.03% |
1,044,915
-28,908
| -3% | -$1.04M |
|
448
First Citizens BancShares
FCNCA
$25.4B
| $37.1M | 0.03% |
22,055
+656
| +3% | +$1.1M |
|
449
TD Synnex
SNX
$12.6B
| $36.7M | 0.03% |
318,308
+50,120
| +19% | +$5.78M |
|
450
Arrow Electronics
ARW
$6.66B
| $36.6M | 0.03% |
302,994
-35,117
| -10% | -$4.24M |
|