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
|
+$2.23B |
| 2 |
JPHY
JPMorgan Active High Yield ETF
JPHY
|
+$2.02B |
| 3 |
Microsoft
MSFT
|
+$1.33B |
| 4 |
NVIDIA
NVDA
|
+$985M |
| 5 |
Amazon
AMZN
|
+$539M |
Top Sells
| 1 |
Broadcom
AVGO
|
+$506M |
| 2 |
Texas Instruments
TXN
|
+$293M |
| 3 |
McDonald's
MCD
|
+$286M |
| 4 |
Home Depot
HD
|
+$264M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$247M |
Sector Composition
| 1 | Technology | 31.86% |
| 2 | Financials | 11.82% |
| 3 | Healthcare | 8.87% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
601
American Financial Group
AFG
$11.5B
| $20.9M | 0.01% |
165,278
-29,996
| -15% | -$3.79M |
|
602
West Pharmaceutical
WST
$18.2B
| $20.6M | 0.01% |
94,256
+4,562
| +5% | +$998K |
|
603
Nordson
NDSN
$12.5B
| $20.6M | 0.01% |
96,084
+2,191
| +2% | +$470K |
|
604
Antero Resources
AR
$10.1B
| $20.6M | 0.01% |
511,172
+37,849
| +8% | +$1.52M |
|
605
Federal Realty Investment Trust
FRT
$8.64B
| $20.6M | 0.01% |
216,669
+2,099
| +1% | +$199K |
|
606
Astera Labs
ALAB
$36.4B
| $20.5M | 0.01% |
227,237
+108,937
| +92% | +$9.85M |
|
|
TXNM
607
TXNM Energy, Inc.
TXNM
$5.99B
| $20.5M | 0.01% |
364,639
-51,664
| -12% | -$2.91M |
|
608
Ciena
CIEN
$17.8B
| $20.5M | 0.01% |
251,460
+17,294
| +7% | +$1.41M |
|
609
Manhattan Associates
MANH
$13.1B
| $20.4M | 0.01% |
103,375
+1,746
| +2% | +$345K |
|
610
Campbell Soup
CPB
$9.84B
| $20.4M | 0.01% |
664,933
-219,671
| -25% | -$6.73M |
|
611
Globe Life
GL
$11.4B
| $20.3M | 0.01% |
163,323
+8,968
| +6% | +$1.11M |
|
612
Selective Insurance
SIGI
$4.74B
| $20.3M | 0.01% |
234,229
-23,100
| -9% | -$2M |
|
613
Host Hotels & Resorts
HST
$12.1B
| $20.3M | 0.01% |
1,319,768
+77,753
| +6% | +$1.19M |
|
614
Service Corp International
SCI
$11.1B
| $20.2M | 0.01% |
248,326
+14,917
| +6% | +$1.21M |
|
615
Lincoln Electric
LECO
$13.3B
| $20.2M | 0.01% |
97,455
+1,694
| +2% | +$351K |
|
|
CNH
616
CNH Industrial
CNH
$14.3B
| $20.2M | 0.01% |
1,555,167
+85,309
| +6% | +$1.11M |
|
617
JB Hunt Transport Services
JBHT
$13.7B
| $20M | 0.01% |
139,407
+9,740
| +8% | +$1.4M |
|
618
SPS Commerce
SPSC
$4.3B
| $19.9M | 0.01% |
146,501
-17,497
| -11% | -$2.38M |
|
619
Toll Brothers
TOL
$13.9B
| $19.8M | 0.01% |
173,567
+3,820
| +2% | +$436K |
|
620
Southwest Gas
SWX
$5.64B
| $19.8M | 0.01% |
265,830
-35,102
| -12% | -$2.61M |
|
621
nVent Electric
NVT
$15.4B
| $19.6M | 0.01% |
267,585
+52,369
| +24% | +$3.84M |
|
622
The Mosaic Company
MOS
$10.3B
| $19.6M | 0.01% |
536,890
+32,190
| +6% | +$1.17M |
|
623
Acuity Brands
AYI
$10.3B
| $19.6M | 0.01% |
65,628
+126
| +0.2% | +$37.6K |
|
624
Akamai
AKAM
$11.3B
| $19.5M | 0.01% |
245,097
+23,411
| +11% | +$1.87M |
|
625
Watsco
WSO
$16.5B
| $19.5M | 0.01% |
44,165
-10,451
| -19% | -$4.62M |
|