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 |
Medtronic
MDT
|
$293M |
| 2 |
Visa
V
|
$274M |
| 3 |
AGN
Allergan plc
AGN
|
$103M |
| 4 |
Equinix
EQIX
|
$36M |
| 5 |
Qorvo
QRVO
|
$32M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$179M |
| 2 |
Wells Fargo
WFC
|
$127M |
| 3 |
Microsoft
MSFT
|
$113M |
| 4 |
Occidental Petroleum
OXY
|
$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
IHS
551
DELISTED
IHS INC CL-A COM STK
IHS
| $21.4M | 0.03% |
166,671
-5,100
| -3% | -$656K |
|
552
Xylem
XYL
$34B
| $21.4M | 0.03% |
577,400
+19,400
| +3% | +$719K |
|
|
Y
553
DELISTED
Alleghany Corporation
Y
| $21.4M | 0.03% |
45,600
+2,700
| +6% | +$1.27M |
|
|
ADT
554
DELISTED
ADT CORP
ADT
| $21.3M | 0.03% |
633,300
+106,410
| +20% | +$3.57M |
|
555
ResMed
RMD
$40.7B
| $21.3M | 0.03% |
377,000
+31,800
| +9% | +$1.79M |
|
556
Align Technology
ALGN
$9.94B
| $21.2M | 0.03% |
338,300
-93,700
| -22% | -$5.88M |
|
557
JetBlue
JBLU
$1.85B
| $21.2M | 0.03% |
1,019,504
+130,414
| +15% | +$2.71M |
|
558
Willis Towers Watson
WTW
$32.2B
| $21.1M | 0.03% |
170,106
-11,665
| -6% | -$1.45M |
|
559
MSCI
MSCI
$43.9B
| $21.1M | 0.03% |
342,500
+47,000
| +16% | +$2.89M |
|
|
CDK
560
DELISTED
CDK Global, Inc.
CDK
| $21M | 0.03% |
389,933
-31,055
| -7% | -$1.68M |
|
561
Martin Marietta Materials
MLM
$37.7B
| $21M | 0.03% |
148,704
-171,778
| -54% | -$24.3M |
|
|
VAL
562
DELISTED
Valspar
VAL
| $21M | 0.03% |
256,657
+3,100
| +1% | +$254K |
|
563
Dorian LPG
LPG
$1.34B
| $21M | 0.03% |
1,258,100
| – | – |
|
|
BPL
564
DELISTED
Buckeye Partners, L.P.
BPL
| $20.8M | 0.03% |
281,800
+400
| +0.1% | +$29.6K |
|
565
A.O. Smith
AOS
$10.3B
| $20.7M | 0.03% |
576,400
+32,808
| +6% | +$1.18M |
|
566
Sensata Technologies
ST
$4.64B
| $20.7M | 0.03% |
392,800
+37,400
| +11% | +$1.97M |
|
567
PVH
PVH
$4.07B
| $20.7M | 0.03% |
179,700
-128,822
| -42% | -$14.8M |
|
568
Nasdaq
NDAQ
$54.2B
| $20.6M | 0.03% |
1,266,576
-109,500
| -8% | -$1.78M |
|
569
Zions Bancorporation
ZION
$8.37B
| $20.5M | 0.03% |
646,600
-12,039
| -2% | -$382K |
|
570
AGNC Investment
AGNC
$10.8B
| $20.5M | 0.03% |
1,116,000
-1,040,230
| -48% | -$19.1M |
|
571
D.R. Horton
DHI
$54.8B
| $20.5M | 0.03% |
748,800
+423,500
| +130% | +$11.6M |
|
572
Workday
WDAY
$62B
| $20.5M | 0.03% |
268,000
+169,100
| +171% | +$12.9M |
|
573
Navient
NAVI
$1.34B
| $20.4M | 0.03% |
1,121,100
+50,000
| +5% | +$910K |
|
|
SWN
574
DELISTED
Southwestern Energy Company
SWN
| $20.4M | 0.03% |
897,902
-477,209
| -35% | -$10.8M |
|
575
Norwegian Cruise Line
NCLH
$11.3B
| $20.4M | 0.03% |
363,400
+256,000
| +238% | +$14.3M |
|