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 |
Costco
COST
|
$292M |
| 2 |
NVIDIA
NVDA
|
$284M |
| 3 |
Applied Materials
AMAT
|
$233M |
| 4 |
NXP Semiconductors
NXPI
|
$190M |
| 5 |
Microchip Technology
MCHP
|
$184M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
526
Watsco
WSO
$16.6B
| $30.2M | 0.02% |
61,337
+1,071
| +2% | +$527K |
|
527
Owens Corning
OC
$13B
| $30.1M | 0.02% |
170,514
-14,965
| -8% | -$2.64M |
|
528
Healthpeak Properties
DOC
$12.8B
| $30.1M | 0.02% |
1,314,269
-78,035
| -6% | -$1.78M |
|
529
Dropbox
DBX
$8.06B
| $30.1M | 0.02% |
1,181,876
+30,623
| +3% | +$779K |
|
530
West Pharmaceutical
WST
$18B
| $29.8M | 0.02% |
99,215
-31,826
| -24% | -$9.55M |
|
531
Nutanix
NTNX
$18.7B
| $29.5M | 0.02% |
498,002
+32,505
| +7% | +$1.93M |
|
532
Stanley Black & Decker
SWK
$12.1B
| $29.3M | 0.02% |
266,398
+347
| +0.1% | +$38.2K |
|
533
Western Digital
WDC
$31.9B
| $29.3M | 0.02% |
566,921
-184,359
| -25% | -$9.52M |
|
534
Pentair
PNR
$18.1B
| $29.2M | 0.02% |
298,350
-5,166
| -2% | -$505K |
|
535
Flex
FLEX
$20.8B
| $29.1M | 0.02% |
870,879
+20,101
| +2% | +$672K |
|
536
CF Industries
CF
$13.7B
| $28.7M | 0.02% |
335,010
+7,588
| +2% | +$651K |
|
537
Coterra Energy
CTRA
$18.3B
| $28.7M | 0.02% |
1,199,225
-54,164
| -4% | -$1.3M |
|
538
Celanese
CE
$5.34B
| $28.7M | 0.02% |
211,100
+14,270
| +7% | +$1.94M |
|
539
Post Holdings
POST
$5.88B
| $28.4M | 0.02% |
245,534
-10,151
| -4% | -$1.17M |
|
540
Interactive Brokers
IBKR
$26.8B
| $28.4M | 0.02% |
813,916
-4,280
| -0.5% | -$149K |
|
541
Varonis Systems
VRNS
$6.28B
| $28.3M | 0.02% |
501,483
+50,022
| +11% | +$2.83M |
|
542
Trimble
TRMB
$19.2B
| $28.2M | 0.02% |
454,886
+13,377
| +3% | +$831K |
|
543
Burlington
BURL
$18.4B
| $28.2M | 0.02% |
106,954
-2,465
| -2% | -$649K |
|
544
EQT Corp
EQT
$32.2B
| $28.1M | 0.02% |
766,229
+183,662
| +32% | +$6.73M |
|
545
Insulet
PODD
$24.5B
| $28M | 0.02% |
120,289
+21,341
| +22% | +$4.97M |
|
546
AXIS Capital
AXS
$7.62B
| $27.9M | 0.02% |
351,057
+20,251
| +6% | +$1.61M |
|
547
Jabil
JBL
$22.5B
| $27.9M | 0.02% |
232,533
-7,904
| -3% | -$947K |
|
548
UDR
UDR
$13B
| $27.7M | 0.02% |
610,634
+11,686
| +2% | +$530K |
|
549
US Foods
USFD
$17.5B
| $27.6M | 0.02% |
449,352
+4,245
| +1% | +$261K |
|
550
RPM International
RPM
$16.2B
| $27.6M | 0.02% |
228,143
-1,152
| -0.5% | -$139K |
|