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 |
Costco
COST
|
$292M |
| 2 |
NVIDIA
NVDA
|
$284M |
| 3 |
Applied Materials
AMAT
|
$233M |
| 4 |
NXP Semiconductors
NXPI
|
$190M |
| 5 |
Microchip Technology
MCHP
|
$184M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Royal Gold
RGLD
$11.9B
| $43.3M | 0.03% |
308,514
-12,695
| -4% | -$1.78M |
|
427
Chemed
CHE
$6.7B
| $42.7M | 0.03% |
70,986
-5,786
| -8% | -$3.48M |
|
428
Emcor
EME
$28.1B
| $42.6M | 0.03% |
99,014
-441
| -0.4% | -$190K |
|
429
Gaming and Leisure Properties
GLPI
$13.5B
| $42.4M | 0.03% |
824,470
-5,267
| -0.6% | -$271K |
|
430
NNN REIT
NNN
$8.03B
| $42.4M | 0.03% |
874,776
-28,522
| -3% | -$1.38M |
|
431
Builders FirstSource
BLDR
$15.1B
| $42.3M | 0.03% |
218,081
-7,893
| -3% | -$1.53M |
|
432
TD Synnex
SNX
$12.2B
| $42.3M | 0.03% |
352,036
+33,728
| +11% | +$4.05M |
|
433
Old Republic International
ORI
$10B
| $42M | 0.03% |
1,186,814
-38,576
| -3% | -$1.37M |
|
434
Hormel Foods
HRL
$13.9B
| $41.9M | 0.03% |
1,321,056
-53,311
| -4% | -$1.69M |
|
435
First Citizens BancShares
FCNCA
$25.7B
| $41.8M | 0.03% |
22,701
+646
| +3% | +$1.19M |
|
436
Carlisle Companies
CSL
$16B
| $41.7M | 0.03% |
92,624
-2,005
| -2% | -$902K |
|
437
Henry Schein
HSIC
$8.14B
| $41.5M | 0.03% |
569,772
-32,069
| -5% | -$2.34M |
|
438
Essential Utilities
WTRG
$10.8B
| $41.5M | 0.03% |
1,075,333
-68,319
| -6% | -$2.64M |
|
439
Rockwell Automation
ROK
$38.1B
| $41.3M | 0.03% |
153,849
-5,656
| -4% | -$1.52M |
|
440
KBR
KBR
$6.44B
| $41.2M | 0.03% |
632,655
-22,701
| -3% | -$1.48M |
|
441
Best Buy
BBY
$15.8B
| $40.8M | 0.03% |
395,419
+19,740
| +5% | +$2.04M |
|
442
Illumina
ILMN
$15.2B
| $40.8M | 0.03% |
313,102
+26,882
| +9% | +$3.51M |
|
443
Raymond James Financial
RJF
$33.2B
| $40.6M | 0.03% |
331,909
-1,168
| -0.4% | -$143K |
|
444
Hubbell
HUBB
$22.8B
| $40.6M | 0.03% |
94,743
-4,261
| -4% | -$1.83M |
|
445
Steris
STE
$23.9B
| $40.4M | 0.03% |
166,703
-4,799
| -3% | -$1.16M |
|
446
Steel Dynamics
STLD
$19.1B
| $40M | 0.03% |
317,620
+9,396
| +3% | +$1.18M |
|
447
Masco
MAS
$15.1B
| $40M | 0.03% |
477,010
+26,834
| +6% | +$2.25M |
|
448
Corpay
CPAY
$22.6B
| $40M | 0.03% |
127,938
+585
| +0.5% | +$183K |
|
449
Cloudflare
NET
$71.7B
| $39.9M | 0.03% |
492,805
-7,689
| -2% | -$622K |
|
450
Synchrony
SYF
$28.1B
| $39.4M | 0.03% |
789,646
+25,424
| +3% | +$1.27M |
|