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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
551
Lincoln National
LNC
$7.98B
| $24.2M | 0.02% |
370,875
-27,963
| -7% | -$1.83M |
|
552
Trip.com Group
TCOM
$47.6B
| $24.1M | 0.02% |
1,043,921
-65,133
| -6% | -$1.51M |
|
553
Host Hotels & Resorts
HST
$12B
| $24M | 0.02% |
1,237,664
-265,581
| -18% | -$5.16M |
|
|
LSI
554
DELISTED
Life Storage, Inc.
LSI
| $23.9M | 0.02% |
169,833
-5,144
| -3% | -$722K |
|
555
Ares Management
ARES
$38.9B
| $23.8M | 0.02% |
293,395
-10,221
| -3% | -$830K |
|
556
Graco
GGG
$14.2B
| $23.6M | 0.02% |
338,600
-19,039
| -5% | -$1.33M |
|
557
Masco
MAS
$15.9B
| $23.5M | 0.02% |
461,676
-54,515
| -11% | -$2.78M |
|
558
Vistra
VST
$63.7B
| $23.5M | 0.02% |
1,008,859
-14,766
| -1% | -$343K |
|
559
PTC
PTC
$25.6B
| $23.3M | 0.02% |
216,492
-10,872
| -5% | -$1.17M |
|
560
Bath & Body Works
BBWI
$6.06B
| $22.8M | 0.02% |
476,526
-56,617
| -11% | -$2.71M |
|
561
East-West Bancorp
EWBC
$14.8B
| $22.7M | 0.02% |
287,734
-14,144
| -5% | -$1.12M |
|
|
AZPN
562
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $22.7M | 0.02% |
137,088
-11,778
| -8% | -$1.95M |
|
563
Snap-on
SNA
$17.1B
| $22.6M | 0.02% |
110,163
-7,678
| -7% | -$1.58M |
|
564
Rexford Industrial Realty
REXR
$10.2B
| $22.6M | 0.02% |
302,802
-9,958
| -3% | -$743K |
|
565
Essential Utilities
WTRG
$11B
| $22.5M | 0.02% |
440,912
-32,221
| -7% | -$1.65M |
|
566
Avis
CAR
$5.5B
| $22.5M | 0.02% |
85,418
-5,829
| -6% | -$1.53M |
|
567
CubeSmart
CUBE
$9.52B
| $22.4M | 0.02% |
431,017
-24,979
| -5% | -$1.3M |
|
568
Globant
GLOB
$2.78B
| $22.3M | 0.02% |
84,995
-3,029
| -3% | -$794K |
|
569
Williams-Sonoma
WSM
$24.7B
| $22.2M | 0.02% |
306,244
-28,706
| -9% | -$2.08M |
|
570
Service Corp International
SCI
$10.9B
| $22.1M | 0.02% |
335,499
-25,605
| -7% | -$1.69M |
|
571
American Homes 4 Rent
AMH
$12.9B
| $22M | 0.02% |
550,511
-62,561
| -10% | -$2.5M |
|
572
American Financial Group
AFG
$11.6B
| $22M | 0.02% |
150,968
-6,014
| -4% | -$876K |
|
573
Vail Resorts
MTN
$5.87B
| $22M | 0.02% |
84,349
-2,953
| -3% | -$769K |
|
574
Exact Sciences
EXAS
$10.2B
| $21.9M | 0.02% |
313,844
-16,658
| -5% | -$1.16M |
|
575
Amdocs
DOX
$9.46B
| $21.9M | 0.02% |
266,213
-20,389
| -7% | -$1.68M |
|