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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
451
FMC
FMC
$4.61B
| $28.9M | 0.03% |
290,533
-862
| -0.3% | -$85.9K |
|
452
Qorvo
QRVO
$8.26B
| $28.9M | 0.03% |
261,811
-2,217
| -0.8% | -$245K |
|
453
Martin Marietta Materials
MLM
$37.2B
| $28.7M | 0.03% |
139,144
-1,271
| -0.9% | -$263K |
|
454
Trip.com Group
TCOM
$47.4B
| $28.6M | 0.03% |
1,101,817
+58,820
| +6% | +$1.52M |
|
455
Nucor
NUE
$32.6B
| $28.2M | 0.03% |
680,752
-11,196
| -2% | -$464K |
|
|
PARA
456
DELISTED
Paramount Global Class B
PARA
| $28.2M | 0.03% |
1,207,815
-18,478
| -2% | -$431K |
|
457
Seagate
STX
$41.1B
| $28M | 0.03% |
577,427
-21,791
| -4% | -$1.05M |
|
458
Arista Networks
ANET
$189B
| $27.7M | 0.03% |
2,108,736
-26,032
| -1% | -$342K |
|
|
VMW
459
DELISTED
VMware, Inc
VMW
| $27.6M | 0.03% |
177,900
+1,951
| +1% | +$302K |
|
460
KeyCorp
KEY
$21.1B
| $27.4M | 0.03% |
2,253,646
-2,000
| -0.1% | -$24.4K |
|
461
Insulet
PODD
$23.8B
| $27.4M | 0.03% |
141,003
+7,358
| +6% | +$1.43M |
|
462
GoDaddy
GDDY
$20.1B
| $27.4M | 0.03% |
373,373
-16,792
| -4% | -$1.23M |
|
463
Factset
FDS
$13.7B
| $27.3M | 0.03% |
83,219
-1,867
| -2% | -$613K |
|
464
Advance Auto Parts
AAP
$3.55B
| $27.3M | 0.03% |
191,639
+17,088
| +10% | +$2.43M |
|
465
Brookfield Infrastructure Partners
BIP
$14.2B
| $27.1M | 0.03% |
990,272
+1,568
| +0.2% | +$43K |
|
466
International Flavors & Fragrances
IFF
$16.5B
| $26.8M | 0.03% |
219,071
-351
| -0.2% | -$43K |
|
467
IDEX
IEX
$12.1B
| $26.7M | 0.03% |
168,687
-1,476
| -0.9% | -$233K |
|
468
Wayfair
W
$11.3B
| $26.5M | 0.03% |
134,147
+4,747
| +4% | +$938K |
|
469
Roku
ROKU
$14B
| $26.5M | 0.03% |
227,442
+35,227
| +18% | +$4.11M |
|
470
Fair Isaac
FICO
$36.7B
| $26.4M | 0.03% |
63,102
-1,306
| -2% | -$546K |
|
471
Exact Sciences
EXAS
$10.4B
| $26.3M | 0.03% |
302,700
+15,533
| +5% | +$1.35M |
|
472
Principal Financial Group
PFG
$17.8B
| $26.2M | 0.03% |
631,225
+2,883
| +0.5% | +$120K |
|
473
Xylem
XYL
$33.5B
| $25.9M | 0.03% |
398,947
-3,087
| -0.8% | -$201K |
|
474
Expedia Group
EXPE
$26.7B
| $25.8M | 0.03% |
313,976
+4,772
| +2% | +$392K |
|
475
Etsy
ETSY
$5.73B
| $25.6M | 0.03% |
241,254
+9
| +0% | +$956 |
|