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 |
Netflix
NFLX
|
$376M |
| 2 |
Charter Communications
CHTR
|
$360M |
| 3 |
Costco
COST
|
$202M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$185M |
| 5 |
Microsoft
MSFT
|
$158M |
Top Sells
| 1 |
Coca-Cola
KO
|
$211M |
| 2 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$174M |
| 3 |
Labcorp
LH
|
$151M |
| 4 |
Stryker
SYK
|
$128M |
| 5 |
Mid-America Apartment Communities
MAA
|
$115M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
NUAN
501
DELISTED
Nuance Communications, Inc.
NUAN
| $35M | 0.03% |
635,730
-9,984
| -2% | -$550K |
|
502
Bath & Body Works
BBWI
$5.86B
| $34.4M | 0.03% |
545,752
-147,598
| -21% | -$9.3M |
|
503
VICI Properties
VICI
$35.4B
| $34.3M | 0.03% |
1,206,500
+2,503
| +0.2% | +$71.1K |
|
504
Novavax
NVAX
$1.25B
| $34.3M | 0.03% |
165,281
+3,255
| +2% | +$675K |
|
505
Interpublic Group of Companies
IPG
$9.84B
| $34.2M | 0.03% |
931,349
-10,032
| -1% | -$368K |
|
506
Lyft
LYFT
$7.35B
| $34M | 0.03% |
634,024
+64,918
| +11% | +$3.48M |
|
507
Factset
FDS
$14.2B
| $33.1M | 0.02% |
83,965
-1,409
| -2% | -$556K |
|
508
Arch Capital
ACGL
$34B
| $32.9M | 0.02% |
861,344
-17,796
| -2% | -$679K |
|
509
LKQ Corp
LKQ
$8.36B
| $32.7M | 0.02% |
650,453
-24,869
| -4% | -$1.25M |
|
510
Cardinal Health
CAH
$35.8B
| $32.7M | 0.02% |
661,492
-30,143
| -4% | -$1.49M |
|
511
CenterPoint Energy
CNP
$24.3B
| $32.6M | 0.02% |
1,325,118
+19,577
| +1% | +$482K |
|
|
COUP
512
DELISTED
Coupa Software Incorporated
COUP
| $32.6M | 0.02% |
148,602
+142
| +0.1% | +$31.1K |
|
513
DraftKings
DKNG
$22.8B
| $32.6M | 0.02% |
676,057
-4,951
| -0.7% | -$238K |
|
|
ABMD
514
DELISTED
Abiomed Inc
ABMD
| $32.4M | 0.02% |
99,449
-699
| -0.7% | -$228K |
|
515
Repligen
RGEN
$6.79B
| $32.2M | 0.02% |
111,376
+111
| +0.1% | +$32.1K |
|
516
JB Hunt Transport Services
JBHT
$13.8B
| $32.1M | 0.02% |
191,908
-2,359
| -1% | -$394K |
|
517
Camden Property Trust
CPT
$11.8B
| $31.9M | 0.02% |
216,369
-526,635
| -71% | -$77.7M |
|
518
Lumen
LUMN
$5.21B
| $31.4M | 0.02% |
2,536,625
+44,388
| +2% | +$550K |
|
519
Upstart Holdings
UPST
$6.55B
| $31.3M | 0.02% |
+98,759
| New | +$31.3M |
|
520
Masco
MAS
$15.8B
| $31.2M | 0.02% |
561,868
-13,795
| -2% | -$766K |
|
521
Nordson
NDSN
$12.7B
| $31.1M | 0.02% |
130,715
+616
| +0.5% | +$147K |
|
522
United Airlines
UAL
$34.6B
| $31.1M | 0.02% |
653,582
-69,629
| -10% | -$3.31M |
|
523
Williams-Sonoma
WSM
$24.7B
| $30.9M | 0.02% |
348,868
-7,316
| -2% | -$649K |
|
524
Eastman Chemical
EMN
$7.88B
| $30.9M | 0.02% |
306,251
-3,479
| -1% | -$350K |
|
525
Cognex
CGNX
$7.51B
| $30.7M | 0.02% |
382,680
-1,911
| -0.5% | -$153K |
|