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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
LSXMA
501
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $29.8M | 0.03% |
853,135
-37,283
| -4% | -$1.3M |
|
502
Raymond James Financial
RJF
$33.2B
| $29.8M | 0.03% |
499,085
+27,783
| +6% | +$1.66M |
|
503
Teledyne Technologies
TDY
$25.6B
| $29.7M | 0.03% |
85,755
-181
| -0.2% | -$62.7K |
|
504
Norwegian Cruise Line
NCLH
$11.5B
| $29.7M | 0.03% |
508,293
+56,458
| +12% | +$3.3M |
|
505
Old Dominion Freight Line
ODFL
$30.7B
| $29.5M | 0.03% |
466,302
+20,385
| +5% | +$1.29M |
|
506
Wabtec
WAB
$32.4B
| $29.5M | 0.03% |
378,924
+78,059
| +26% | +$6.07M |
|
507
Teradyne
TER
$18.7B
| $29.4M | 0.03% |
430,516
-66,496
| -13% | -$4.53M |
|
508
Wynn Resorts
WYNN
$12.8B
| $29.2M | 0.03% |
210,500
+29,400
| +16% | +$4.08M |
|
509
Equitable Holdings
EQH
$15.8B
| $29M | 0.03% |
1,172,232
+552,537
| +89% | +$13.7M |
|
510
Howmet Aerospace
HWM
$74.1B
| $28.9M | 0.03% |
1,223,147
+96,392
| +9% | +$2.27M |
|
511
Arista Networks
ANET
$189B
| $28.8M | 0.03% |
2,266,976
+190,960
| +9% | +$2.43M |
|
512
SL Green Realty
SLG
$4.29B
| $28.7M | 0.03% |
322,517
-200,842
| -38% | -$17.9M |
|
513
GoDaddy
GDDY
$20.1B
| $28.7M | 0.03% |
422,164
+45,128
| +12% | +$3.07M |
|
514
RingCentral
RNG
$2.77B
| $28.5M | 0.03% |
168,959
+4,127
| +3% | +$696K |
|
515
Jacobs Solutions
J
$17.3B
| $28.4M | 0.03% |
382,640
-36,327
| -9% | -$2.7M |
|
|
VMW
516
DELISTED
VMware, Inc
VMW
| $28.4M | 0.03% |
187,287
-30,588
| -14% | -$4.64M |
|
|
NBIS
517
Nebius Group N.V. Class A Ordinary Shares
NBIS
$22.3B
| $28.4M | 0.03% |
652,974
+71,395
| +12% | +$3.1M |
|
518
Fair Isaac
FICO
$36.7B
| $28.2M | 0.03% |
75,285
-7,213
| -9% | -$2.7M |
|
519
Okta
OKTA
$15.9B
| $28.1M | 0.03% |
243,974
+19,446
| +9% | +$2.24M |
|
520
Allegion
ALLE
$14.6B
| $28M | 0.03% |
224,910
-7,736
| -3% | -$963K |
|
521
U-Haul Holding Co
UHAL
$10.8B
| $27.6M | 0.03% |
733,370
-40,990
| -5% | -$1.54M |
|
522
American Airlines Group
AAL
$8.46B
| $27.4M | 0.02% |
956,481
-50,260
| -5% | -$1.44M |
|
523
Trimble
TRMB
$19.1B
| $27.1M | 0.02% |
650,534
+119,378
| +22% | +$4.98M |
|
524
DocuSign
DOCU
$15.9B
| $26.9M | 0.02% |
362,870
+73,370
| +25% | +$5.44M |
|
525
Tractor Supply
TSCO
$31B
| $26.8M | 0.02% |
1,436,225
-29,275
| -2% | -$547K |
|