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 |
Walmart
WMT
|
$250M |
| 2 |
Target
TGT
|
$142M |
| 3 |
Abbott
ABT
|
$113M |
| 4 |
Verizon
VZ
|
$87.4M |
| 5 |
NetEase
NTES
|
$77.2M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
451
HubSpot
HUBS
$25.7B
| $44M | 0.03% |
96,804
-2,583
| -3% | -$1.17M |
|
452
AES
AES
$9.21B
| $43.8M | 0.03% |
1,634,323
-63,537
| -4% | -$1.7M |
|
453
Cardinal Health
CAH
$35.7B
| $43.7M | 0.03% |
719,709
-17,762
| -2% | -$1.08M |
|
454
Xylem
XYL
$34.2B
| $43.5M | 0.03% |
413,588
-10,840
| -3% | -$1.14M |
|
455
DraftKings
DKNG
$23.1B
| $42.7M | 0.03% |
696,777
-28,136
| -4% | -$1.73M |
|
456
Darden Restaurants
DRI
$24.5B
| $42.6M | 0.03% |
300,263
+9,311
| +3% | +$1.32M |
|
|
WORK
457
DELISTED
Slack Technologies, Inc.
WORK
| $42.3M | 0.03% |
1,041,599
+201,731
| +24% | +$8.2M |
|
458
Cencora
COR
$56.7B
| $41.9M | 0.03% |
355,254
-11,907
| -3% | -$1.41M |
|
459
Exact Sciences
EXAS
$10.2B
| $41.9M | 0.03% |
317,707
-9,799
| -3% | -$1.29M |
|
460
Conagra Brands
CAG
$9.23B
| $41.8M | 0.03% |
1,111,310
-53,651
| -5% | -$2.02M |
|
|
COUP
461
DELISTED
Coupa Software Incorporated
COUP
| $41.6M | 0.03% |
163,568
-942
| -0.6% | -$240K |
|
462
Trip.com Group
TCOM
$47.6B
| $41.2M | 0.03% |
1,040,617
-49,693
| -5% | -$1.97M |
|
463
Ally Financial
ALLY
$12.7B
| $41M | 0.03% |
906,419
-40,834
| -4% | -$1.85M |
|
|
Y
464
DELISTED
Alleghany Corporation
Y
| $40.7M | 0.03% |
65,062
-50,044
| -43% | -$31.3M |
|
|
HES
465
DELISTED
Hess
HES
| $40.7M | 0.03% |
575,837
-35,285
| -6% | -$2.5M |
|
466
Arista Networks
ANET
$180B
| $40.7M | 0.03% |
2,155,184
-94,864
| -4% | -$1.79M |
|
467
Waters Corp
WAT
$18.2B
| $40.6M | 0.03% |
142,982
-3,319
| -2% | -$943K |
|
468
W.W. Grainger
GWW
$47.5B
| $40.6M | 0.03% |
101,200
-5,602
| -5% | -$2.25M |
|
469
Enphase Energy
ENPH
$5.18B
| $40.5M | 0.03% |
249,543
-5,956
| -2% | -$966K |
|
470
Cheniere Energy
LNG
$51.8B
| $40.2M | 0.03% |
557,789
-4,184
| -0.7% | -$301K |
|
471
Principal Financial Group
PFG
$17.8B
| $39.6M | 0.03% |
660,330
-33,201
| -5% | -$1.99M |
|
472
Celanese
CE
$5.34B
| $39.5M | 0.03% |
263,747
-19,243
| -7% | -$2.88M |
|
473
NetApp
NTAP
$23.7B
| $39.4M | 0.03% |
542,799
-24,615
| -4% | -$1.79M |
|
474
Ingersoll Rand
IR
$32.2B
| $39.4M | 0.03% |
800,019
-24,264
| -3% | -$1.19M |
|
475
Healthpeak Properties
DOC
$12.8B
| $39.3M | 0.03% |
1,238,215
-66,727
| -5% | -$2.12M |
|