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 | |
|---|---|---|---|---|---|---|
476
AerCap
AER
$22B
| $35.3M | 0.02% |
372,725
+2,128
| +0.6% | +$202K |
|
477
Agree Realty
ADC
$8.08B
| $35.3M | 0.02% |
468,557
+17,426
| +4% | +$1.31M |
|
478
Alexandria Real Estate Equities
ARE
$14.5B
| $35.2M | 0.02% |
296,382
-5,081
| -2% | -$603K |
|
479
Principal Financial Group
PFG
$17.8B
| $35.1M | 0.02% |
408,499
-5,110
| -1% | -$439K |
|
480
Bentley Systems
BSY
$16.3B
| $35M | 0.02% |
689,630
-93,340
| -12% | -$4.74M |
|
481
Ulta Beauty
ULTA
$23.1B
| $35M | 0.02% |
89,845
-2,302
| -2% | -$896K |
|
|
MRO
482
DELISTED
Marathon Oil Corporation
MRO
| $35M | 0.02% |
1,312,646
+308,947
| +31% | +$8.23M |
|
483
Saic
SAIC
$4.92B
| $34.9M | 0.02% |
250,522
-17,170
| -6% | -$2.39M |
|
484
Aptiv
APTV
$17.5B
| $34.8M | 0.02% |
482,908
+14,336
| +3% | +$1.03M |
|
485
Take-Two Interactive
TTWO
$44.2B
| $34.7M | 0.02% |
226,001
+4,437
| +2% | +$682K |
|
486
Packaging Corp of America
PKG
$19.8B
| $34.5M | 0.02% |
160,375
-8,620
| -5% | -$1.86M |
|
487
Texas Pacific Land
TPL
$20.4B
| $34.5M | 0.02% |
38,993
+963
| +3% | +$852K |
|
488
HEICO Class A
HEI.A
$35.1B
| $34.4M | 0.02% |
168,723
+6,770
| +4% | +$1.38M |
|
489
Carvana
CVNA
$50.9B
| $34.2M | 0.02% |
196,246
+3,491
| +2% | +$608K |
|
490
Teledyne Technologies
TDY
$25.7B
| $33.8M | 0.02% |
77,275
-4,620
| -6% | -$2.02M |
|
491
LPL Financial
LPLA
$26.6B
| $33.7M | 0.02% |
145,026
-2,717
| -2% | -$632K |
|
492
Jacobs Solutions
J
$17.4B
| $33.5M | 0.02% |
258,799
-41,340
| -14% | -$5.36M |
|
493
Pinterest
PINS
$25.8B
| $33.5M | 0.02% |
1,034,506
-13,816
| -1% | -$447K |
|
494
TransUnion
TRU
$17.5B
| $33.4M | 0.02% |
318,893
+66,941
| +27% | +$7.01M |
|
495
Fox Class A
FOXA
$27.4B
| $33.2M | 0.02% |
785,111
+104,481
| +15% | +$4.42M |
|
496
Mid-America Apartment Communities
MAA
$17B
| $33.1M | 0.02% |
208,615
-2,630
| -1% | -$418K |
|
497
Warner Bros
WBD
$30B
| $33.1M | 0.02% |
4,013,392
+96,702
| +2% | +$798K |
|
498
Estee Lauder
EL
$32.1B
| $33.1M | 0.02% |
331,993
-81,206
| -20% | -$8.1M |
|
499
Align Technology
ALGN
$10.1B
| $33.1M | 0.02% |
130,053
-3,070
| -2% | -$781K |
|
500
Revvity
RVTY
$10.1B
| $33M | 0.02% |
258,196
+19,036
| +8% | +$2.43M |
|