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 |
NVIDIA
NVDA
|
+$894M |
| 2 |
UnitedHealth
UNH
|
+$430M |
| 3 |
Intel
INTC
|
+$409M |
| 4 |
Amazon
AMZN
|
+$352M |
| 5 |
Broadcom
AVGO
|
+$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$415M |
| 2 |
Microsoft
MSFT
|
+$275M |
| 3 |
VMW
VMware, Inc
VMW
|
+$221M |
| 4 |
JPMorgan Chase
JPM
|
+$146M |
| 5 |
Verizon
VZ
|
+$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
451
Principal Financial Group
PFG
$17.9B
| $35.6M | 0.03% |
452,839
-23,520
| -5% | -$1.85M |
|
452
Targa Resources
TRGP
$34.8B
| $35.6M | 0.03% |
409,681
-14,377
| -3% | -$1.25M |
|
453
Reinsurance Group of America
RGA
$12.7B
| $35.5M | 0.03% |
219,152
+86,698
| +65% | +$14M |
|
454
Coterra Energy
CTRA
$18.2B
| $35.1M | 0.03% |
1,375,579
-60,591
| -4% | -$1.55M |
|
455
Regions Financial
RF
$24B
| $34.8M | 0.03% |
1,794,605
-54,784
| -3% | -$1.06M |
|
456
Skyworks Solutions
SWKS
$11.2B
| $34.7M | 0.03% |
309,028
-12,124
| -4% | -$1.36M |
|
457
Huntington Bancshares
HBAN
$25.7B
| $34.6M | 0.03% |
2,722,727
-72,083
| -3% | -$917K |
|
458
Reliance Steel & Aluminium
RS
$15.4B
| $34.4M | 0.03% |
123,054
-3,575
| -3% | -$1,000K |
|
459
Encompass Health
EHC
$12.5B
| $34.4M | 0.03% |
515,717
+317,730
| +160% | +$21.2M |
|
460
Alnylam Pharmaceuticals
ALNY
$60.6B
| $34.3M | 0.03% |
179,330
-48,500
| -21% | -$9.28M |
|
461
Jazz Pharmaceuticals
JAZZ
$7.77B
| $34.2M | 0.03% |
278,294
+83,065
| +43% | +$10.2M |
|
462
Deckers Outdoor
DECK
$17.3B
| $34M | 0.03% |
305,496
-17,436
| -5% | -$1.94M |
|
463
Carnival Corp
CCL
$43.2B
| $33.7M | 0.03% |
1,815,449
-67,419
| -4% | -$1.25M |
|
464
Seagate
STX
$40.7B
| $33.5M | 0.03% |
392,701
+18,443
| +5% | +$1.57M |
|
|
WBA
465
DELISTED
Walgreens Boots Alliance
WBA
| $33.5M | 0.03% |
1,282,026
-41,695
| -3% | -$1.09M |
|
466
Hubbell
HUBB
$22.9B
| $33.5M | 0.03% |
101,719
-4,475
| -4% | -$1.47M |
|
467
Camden Property Trust
CPT
$11.8B
| $33.2M | 0.03% |
334,548
+4,975
| +2% | +$494K |
|
468
Agree Realty
ADC
$8B
| $33.2M | 0.03% |
526,681
+16,836
| +3% | +$1.06M |
|
469
LPL Financial
LPLA
$27.7B
| $33M | 0.03% |
144,837
-6,859
| -5% | -$1.56M |
|
470
Zoom
ZM
$25.5B
| $32.2M | 0.02% |
448,440
-12,396
| -3% | -$891K |
|
471
Selective Insurance
SIGI
$4.82B
| $32.2M | 0.02% |
323,998
+3,469
| +1% | +$345K |
|
472
Northern Trust
NTRS
$24.5B
| $32.1M | 0.02% |
379,913
-11,174
| -3% | -$943K |
|
473
Veralto
VLTO
$26.1B
| $32.1M | 0.02% |
+389,662
| New | +$32.1M |
|
474
Las Vegas Sands
LVS
$37B
| $31.6M | 0.02% |
641,915
-10,305
| -2% | -$507K |
|
475
Liberty Global Class C
LBTYK
$4.01B
| $31.6M | 0.02% |
1,693,054
-96,520
| -5% | -$1.8M |
|