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 |
Alphabet (Google) Class A
GOOGL
|
+$200M |
| 2 |
Apple
AAPL
|
+$164M |
| 3 |
Accenture
ACN
|
+$133M |
| 4 |
KLA
KLAC
|
+$115M |
| 5 |
Autodesk
ADSK
|
+$114M |
Top Sells
| 1 |
NVIDIA
NVDA
|
+$1.72B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
+$505M |
| 3 |
Costco
COST
|
+$422M |
| 4 |
Home Depot
HD
|
+$348M |
| 5 |
Bank of America
BAC
|
+$259M |
Sector Composition
| 1 | Technology | 33.69% |
| 2 | Healthcare | 12.79% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
United Airlines
UAL
$34.8B
| $29.8M | 0.02% |
613,167
+51,294
| +9% | +$2.5M |
|
502
Bunge Global
BG
$16.5B
| $29.5M | 0.02% |
276,041
+10,995
| +4% | +$1.17M |
|
503
Zscaler
ZS
$43.4B
| $29.3M | 0.02% |
152,606
-4,501
| -3% | -$865K |
|
504
Camden Property Trust
CPT
$11.6B
| $29.3M | 0.02% |
268,705
-71,171
| -21% | -$7.77M |
|
505
DraftKings
DKNG
$22.7B
| $29.3M | 0.02% |
767,166
+16,814
| +2% | +$642K |
|
506
Selective Insurance
SIGI
$4.75B
| $29.2M | 0.02% |
311,405
-9,182
| -3% | -$862K |
|
507
Warner Bros
WBD
$31B
| $29.1M | 0.02% |
3,916,690
+96,994
| +3% | +$722K |
|
508
RLI Corp
RLI
$6.08B
| $29.1M | 0.02% |
413,112
-12,678
| -3% | -$892K |
|
|
MRO
509
DELISTED
Marathon Oil Corporation
MRO
| $28.8M | 0.02% |
1,003,699
-56,059
| -5% | -$1.61M |
|
510
HEICO Class A
HEI.A
$35B
| $28.7M | 0.02% |
161,953
+27,649
| +21% | +$4.91M |
|
511
Las Vegas Sands
LVS
$37.4B
| $28.2M | 0.02% |
637,739
-4,296
| -0.7% | -$190K |
|
512
Insight Enterprises
NSIT
$3.96B
| $28.2M | 0.02% |
142,228
-10,547
| -7% | -$2.09M |
|
513
Agree Realty
ADC
$7.96B
| $27.9M | 0.02% |
451,131
-90,634
| -17% | -$5.61M |
|
514
Texas Pacific Land
TPL
$21.6B
| $27.9M | 0.02% |
38,030
+1,610
| +4% | +$1.18M |
|
515
Watsco
WSO
$15.8B
| $27.9M | 0.02% |
60,266
-2,626
| -4% | -$1.22M |
|
516
Coca-Cola Europacific Partners
CCEP
$40.3B
| $27.9M | 0.02% |
382,580
+854
| +0.2% | +$62.2K |
|
517
Citizens Financial Group
CFG
$22.3B
| $27.8M | 0.02% |
772,337
-58,705
| -7% | -$2.12M |
|
518
International Paper
IP
$24.5B
| $27.8M | 0.02% |
644,343
-14,854
| -2% | -$641K |
|
519
Sun Communities
SUI
$16.1B
| $27.3M | 0.02% |
226,769
+9,698
| +4% | +$1.17M |
|
520
Healthpeak Properties
DOC
$12.5B
| $27.3M | 0.02% |
1,392,304
+89,440
| +7% | +$1.75M |
|
521
Gen Digital
GEN
$18B
| $26.9M | 0.02% |
1,076,811
-2,336,337
| -68% | -$58.4M |
|
522
Qualys
QLYS
$4.75B
| $26.9M | 0.02% |
188,564
-11,837
| -6% | -$1.69M |
|
523
Unum
UNM
$12.6B
| $26.8M | 0.02% |
523,871
+140,607
| +37% | +$7.19M |
|
524
HealthEquity
HQY
$7.88B
| $26.7M | 0.02% |
310,185
+163,038
| +111% | +$14.1M |
|
525
Post Holdings
POST
$5.69B
| $26.6M | 0.02% |
255,685
-40,279
| -14% | -$4.2M |
|