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 |
Microsoft
MSFT
|
+$555M |
| 2 |
Apple
AAPL
|
+$534M |
| 3 |
Amazon
AMZN
|
+$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$268M |
| 5 |
Alibaba
BABA
|
+$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
+$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
+$145M |
| 3 |
Becton Dickinson
BDX
|
+$103M |
| 4 |
HCA Healthcare
HCA
|
+$84.7M |
| 5 |
Pfizer
PFE
|
+$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
West Pharmaceutical
WST
$18.2B
| $25.3M | 0.03% |
178,250
+47,277
| +36% | +$6.7M |
|
502
Old Dominion Freight Line
ODFL
$31.8B
| $25.3M | 0.03% |
445,917
+80,667
| +22% | +$4.57M |
|
503
Zebra Technologies
ZBRA
$16B
| $25.2M | 0.03% |
122,111
+32,687
| +37% | +$6.75M |
|
504
Pultegroup
PHM
$27.9B
| $25.2M | 0.03% |
689,082
+148,885
| +28% | +$5.44M |
|
505
Exact Sciences
EXAS
$10.2B
| $25.2M | 0.03% |
278,430
+75,266
| +37% | +$6.8M |
|
506
Spotify
SPOT
$148B
| $25.1M | 0.02% |
219,900
+90,400
| +70% | +$10.3M |
|
507
Fair Isaac
FICO
$36.9B
| $25M | 0.02% |
82,498
+10,793
| +15% | +$3.28M |
|
508
Fortinet
FTNT
$61.2B
| $25M | 0.02% |
1,629,125
-118,730
| -7% | -$1.82M |
|
509
GoDaddy
GDDY
$20.5B
| $24.9M | 0.02% |
377,036
+78,010
| +26% | +$5.15M |
|
510
FMC
FMC
$4.73B
| $24.8M | 0.02% |
283,316
+70,426
| +33% | +$6.17M |
|
|
SIVB
511
DELISTED
SVB Financial Group
SIVB
| $24.7M | 0.02% |
118,294
+31,605
| +36% | +$6.6M |
|
512
Paycom
PAYC
$12.6B
| $24.6M | 0.02% |
117,469
+34,902
| +42% | +$7.31M |
|
|
TIF
513
DELISTED
Tiffany & Co.
TIF
| $24.5M | 0.02% |
264,294
-44,352
| -14% | -$4.11M |
|
514
Allegion
ALLE
$14.6B
| $24.1M | 0.02% |
232,646
+42,574
| +22% | +$4.41M |
|
515
Viatris
VTRS
$12.2B
| $24M | 0.02% |
1,215,562
+238,215
| +24% | +$4.71M |
|
516
Snap-on
SNA
$17.1B
| $23.9M | 0.02% |
152,700
+30,687
| +25% | +$4.8M |
|
517
Kimco Realty
KIM
$15.3B
| $23.7M | 0.02% |
1,134,519
+172,479
| +18% | +$3.6M |
|
518
EPAM Systems
EPAM
$9.16B
| $23.7M | 0.02% |
129,914
+34,027
| +35% | +$6.2M |
|
519
Molson Coors Class B
TAP
$9.86B
| $23.6M | 0.02% |
410,696
+97,985
| +31% | +$5.63M |
|
520
Voya Financial
VOYA
$7.3B
| $23.6M | 0.02% |
433,173
+55,947
| +15% | +$3.05M |
|
|
DISCK
521
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $23.6M | 0.02% |
956,708
+88,916
| +10% | +$2.19M |
|
522
BioMarin Pharmaceuticals
BMRN
$10.7B
| $23.5M | 0.02% |
348,212
+77,246
| +29% | +$5.21M |
|
523
Devon Energy
DVN
$21.8B
| $23.5M | 0.02% |
975,332
-74,919
| -7% | -$1.8M |
|
524
WEX
WEX
$5.91B
| $23.5M | 0.02% |
116,068
+25,831
| +29% | +$5.22M |
|
525
Norwegian Cruise Line
NCLH
$11.5B
| $23.4M | 0.02% |
451,835
+132,745
| +42% | +$6.87M |
|