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 |
Netflix
NFLX
|
$376M |
| 2 |
Charter Communications
CHTR
|
$360M |
| 3 |
Costco
COST
|
$202M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$185M |
| 5 |
Microsoft
MSFT
|
$158M |
Top Sells
| 1 |
Coca-Cola
KO
|
$211M |
| 2 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$174M |
| 3 |
Labcorp
LH
|
$151M |
| 4 |
Stryker
SYK
|
$128M |
| 5 |
Mid-America Apartment Communities
MAA
|
$115M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
451
Ingersoll Rand
IR
$32.1B
| $43.8M | 0.03% |
868,591
+31,865
| +4% | +$1.61M |
|
452
Darden Restaurants
DRI
$24.5B
| $43.7M | 0.03% |
288,755
-3,936
| -1% | -$596K |
|
453
Qorvo
QRVO
$8.47B
| $43.6M | 0.03% |
260,551
-8,354
| -3% | -$1.4M |
|
454
Royal Caribbean
RCL
$95.2B
| $43.5M | 0.03% |
489,035
+640
| +0.1% | +$56.9K |
|
455
M&T Bank
MTB
$31.1B
| $43.1M | 0.03% |
288,789
-1,062
| -0.4% | -$159K |
|
456
Halliburton
HAL
$18.5B
| $42.9M | 0.03% |
1,984,375
+12,539
| +0.6% | +$271K |
|
457
Wayfair
W
$11.3B
| $42.8M | 0.03% |
167,692
-660
| -0.4% | -$169K |
|
458
Hewlett Packard
HPE
$30.8B
| $42.5M | 0.03% |
2,985,101
-86,492
| -3% | -$1.23M |
|
459
Bio-Techne
TECH
$8.38B
| $42.3M | 0.03% |
349,568
+1,396
| +0.4% | +$169K |
|
460
Burlington
BURL
$18.4B
| $42.3M | 0.03% |
149,136
-404
| -0.3% | -$115K |
|
461
Steris
STE
$24.4B
| $41.9M | 0.03% |
205,348
-12,970
| -6% | -$2.65M |
|
462
Hologic
HOLX
$14.8B
| $41.8M | 0.03% |
566,079
-11,942
| -2% | -$881K |
|
463
W.W. Grainger
GWW
$47.6B
| $41.5M | 0.03% |
105,620
+919
| +0.9% | +$361K |
|
464
Advance Auto Parts
AAP
$3.66B
| $41.3M | 0.03% |
197,666
+4,021
| +2% | +$840K |
|
465
Teradyne
TER
$19.2B
| $41M | 0.03% |
375,990
+491
| +0.1% | +$53.6K |
|
466
Baker Hughes
BKR
$44.9B
| $40.7M | 0.03% |
1,647,411
+19,326
| +1% | +$478K |
|
467
BILL Holdings
BILL
$5.17B
| $40.7M | 0.03% |
152,352
-14,768
| -9% | -$3.94M |
|
468
Healthpeak Properties
DOC
$12.8B
| $40.5M | 0.03% |
1,209,916
+5,917
| +0.5% | +$198K |
|
469
Cencora
COR
$57.1B
| $40.5M | 0.03% |
338,993
-6,825
| -2% | -$815K |
|
470
Jacobs Solutions
J
$17.3B
| $40.4M | 0.03% |
368,661
-5,966
| -2% | -$654K |
|
471
Raymond James Financial
RJF
$32.9B
| $40M | 0.03% |
432,965
+8,129
| +2% | +$750K |
|
472
Principal Financial Group
PFG
$17.7B
| $39.9M | 0.03% |
620,218
-18,014
| -3% | -$1.16M |
|
473
Teleflex
TFX
$5.76B
| $39.5M | 0.03% |
104,820
-209
| -0.2% | -$78.7K |
|
474
MGM Resorts International
MGM
$9.87B
| $38.9M | 0.03% |
902,598
-20,269
| -2% | -$875K |
|
475
Boston Properties
BXP
$11.9B
| $38.8M | 0.03% |
357,770
+1,469
| +0.4% | +$159K |
|