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 | |
|---|---|---|---|---|---|---|
501
HEICO Class A
HEI.A
$35.3B
| $31.7M | 0.02% |
170,596
+1,873
| +1% | +$349K |
|
502
AXIS Capital
AXS
$7.64B
| $31.6M | 0.02% |
357,074
+6,017
| +2% | +$533K |
|
503
Invitation Homes
INVH
$18.4B
| $31.1M | 0.02% |
972,578
-76,066
| -7% | -$2.43M |
|
504
Snap-on
SNA
$17.1B
| $31.1M | 0.02% |
91,496
-2,964
| -3% | -$1.01M |
|
505
DocuSign
DOCU
$15.7B
| $31M | 0.02% |
345,078
-32,143
| -9% | -$2.89M |
|
506
Ryan Specialty Holdings
RYAN
$6.94B
| $30.9M | 0.02% |
482,359
+19,331
| +4% | +$1.24M |
|
507
Masco
MAS
$15.7B
| $30.9M | 0.02% |
425,608
-51,402
| -11% | -$3.73M |
|
508
Citizens Financial Group
CFG
$22.2B
| $30.9M | 0.02% |
705,313
-78,093
| -10% | -$3.42M |
|
509
Las Vegas Sands
LVS
$36.9B
| $30.8M | 0.02% |
599,451
-49,044
| -8% | -$2.52M |
|
510
Western Digital
WDC
$31.9B
| $30.8M | 0.02% |
682,394
+115,473
| +20% | +$5.2M |
|
511
Camden Property Trust
CPT
$11.8B
| $30.7M | 0.02% |
264,580
+10,776
| +4% | +$1.25M |
|
512
Jabil
JBL
$22.5B
| $30.6M | 0.02% |
212,983
-19,550
| -8% | -$2.81M |
|
513
Zebra Technologies
ZBRA
$16B
| $30.6M | 0.02% |
79,268
-3,218
| -4% | -$1.24M |
|
514
Mid-America Apartment Communities
MAA
$16.9B
| $30.6M | 0.02% |
197,763
-10,852
| -5% | -$1.68M |
|
515
Primerica
PRI
$8.81B
| $30.3M | 0.02% |
111,720
+41,612
| +59% | +$11.3M |
|
516
Flex
FLEX
$20.9B
| $30M | 0.02% |
780,198
-90,681
| -10% | -$3.48M |
|
517
Nutanix
NTNX
$19.8B
| $29.7M | 0.02% |
485,819
-12,183
| -2% | -$745K |
|
518
Pure Storage
PSTG
$25.6B
| $29.7M | 0.02% |
483,426
-39,397
| -8% | -$2.42M |
|
519
Trimble
TRMB
$19.2B
| $29.6M | 0.02% |
419,301
-35,585
| -8% | -$2.51M |
|
520
DaVita
DVA
$9.73B
| $29.4M | 0.02% |
196,788
+84,375
| +75% | +$12.6M |
|
521
Coterra Energy
CTRA
$18.2B
| $29.3M | 0.02% |
1,148,535
-50,690
| -4% | -$1.29M |
|
522
Natera
NTRA
$22.8B
| $29.2M | 0.02% |
184,631
-10,840
| -6% | -$1.72M |
|
523
Insulet
PODD
$24.4B
| $29.2M | 0.02% |
111,860
-8,429
| -7% | -$2.2M |
|
524
Healthcare Realty
HR
$6.39B
| $28.9M | 0.02% |
1,707,523
+26,106
| +2% | +$442K |
|
525
H&R Block
HRB
$6.88B
| $28.8M | 0.02% |
545,643
-18,557
| -3% | -$981K |
|