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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Texas Instruments
TXN
|
$102M |
| 5 |
Costco
COST
|
$96.9M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
476
HealthEquity
HQY
$7.88B
| $35.1M | 0.02% |
365,778
+32,807
| +10% | +$3.15M |
|
477
NNN REIT
NNN
$8.18B
| $35.1M | 0.02% |
858,036
-16,740
| -2% | -$684K |
|
478
Teledyne Technologies
TDY
$25.7B
| $34.7M | 0.02% |
74,733
-2,542
| -3% | -$1.18M |
|
479
Dropbox
DBX
$8.06B
| $34.4M | 0.02% |
1,144,754
-37,122
| -3% | -$1.12M |
|
480
Interactive Brokers
IBKR
$26.8B
| $34.2M | 0.02% |
775,124
-38,792
| -5% | -$1.71M |
|
|
SMAR
481
DELISTED
Smartsheet Inc.
SMAR
| $34.2M | 0.02% |
610,289
+384,753
| +171% | +$21.6M |
|
482
The Ensign Group
ENSG
$10B
| $34.1M | 0.02% |
256,985
+82
| +0% | +$10.9K |
|
483
Agree Realty
ADC
$8.08B
| $34.1M | 0.02% |
483,836
+15,279
| +3% | +$1.08M |
|
484
Steel Dynamics
STLD
$19.8B
| $33.5M | 0.02% |
293,352
-24,268
| -8% | -$2.77M |
|
485
RLI Corp
RLI
$6.16B
| $33.4M | 0.02% |
405,392
+304
| +0.1% | +$25.1K |
|
486
Coupang
CPNG
$52.7B
| $33.1M | 0.02% |
1,505,482
-87,740
| -6% | -$1.93M |
|
487
LyondellBasell Industries
LYB
$17.7B
| $32.9M | 0.02% |
443,395
-34,910
| -7% | -$2.59M |
|
488
Steris
STE
$24.2B
| $32.8M | 0.02% |
159,440
-7,263
| -4% | -$1.49M |
|
489
Reliance Steel & Aluminium
RS
$15.7B
| $32.7M | 0.02% |
121,527
-8,927
| -7% | -$2.4M |
|
490
Jacobs Solutions
J
$17.4B
| $32.7M | 0.02% |
247,193
-11,606
| -4% | -$1.54M |
|
491
AerCap
AER
$22B
| $32.7M | 0.02% |
341,344
-31,381
| -8% | -$3M |
|
492
Huntington Ingalls Industries
HII
$10.6B
| $32.7M | 0.02% |
172,821
-21,805
| -11% | -$4.12M |
|
493
International Paper
IP
$25.7B
| $32.7M | 0.02% |
606,665
-41,241
| -6% | -$2.22M |
|
494
Arrow Electronics
ARW
$6.57B
| $32.5M | 0.02% |
287,145
-6,470
| -2% | -$732K |
|
495
Carlisle Companies
CSL
$16.9B
| $32.5M | 0.02% |
88,052
-4,572
| -5% | -$1.69M |
|
496
Devon Energy
DVN
$22.1B
| $32.3M | 0.02% |
986,723
-125,531
| -11% | -$4.11M |
|
497
Icon
ICLR
$13.6B
| $32M | 0.02% |
152,597
-7,218
| -5% | -$1.51M |
|
498
Liberty Media Series C
FWONK
$25.2B
| $32M | 0.02% |
345,122
-601
| -0.2% | -$55.7K |
|
499
Best Buy
BBY
$16.1B
| $31.9M | 0.02% |
371,381
-24,038
| -6% | -$2.06M |
|
500
Bentley Systems
BSY
$16.3B
| $31.8M | 0.02% |
679,939
-9,691
| -1% | -$453K |
|