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 | |
|---|---|---|---|---|---|---|
601
FMC
FMC
$4.6B
| $19M | 0.03% |
416,233
-8,532
| -2% | -$389K |
|
602
Arthur J. Gallagher & Co
AJG
$76.5B
| $18.9M | 0.03% |
399,200
+144,300
| +57% | +$6.83M |
|
603
CoStar Group
CSGP
$37.3B
| $18.9M | 0.03% |
937,000
+58,850
| +7% | +$1.18M |
|
604
Raymond James Financial
RJF
$33B
| $18.8M | 0.03% |
473,133
-4,500
| -0.9% | -$179K |
|
605
Carlisle Companies
CSL
$16.3B
| $18.7M | 0.03% |
186,600
+6,700
| +4% | +$671K |
|
606
Middleby
MIDD
$7.03B
| $18.7M | 0.03% |
166,300
-11,125
| -6% | -$1.25M |
|
|
POM
607
DELISTED
PEPCO HOLDINGS, INC.
POM
| $18.6M | 0.03% |
690,519
-62,200
| -8% | -$1.68M |
|
608
Waste Connections
WCN
$45.7B
| $18.6M | 0.03% |
591,255
-13,650
| -2% | -$429K |
|
609
RPM International
RPM
$16.1B
| $18.5M | 0.03% |
378,700
+30,669
| +9% | +$1.5M |
|
610
Helmerich & Payne
HP
$1.99B
| $18.5M | 0.03% |
262,700
-105,121
| -29% | -$7.4M |
|
611
Marvell Technology
MRVL
$57.6B
| $18.5M | 0.03% |
1,401,934
-622,000
| -31% | -$8.2M |
|
612
Alkermes
ALKS
$4.6B
| $18.4M | 0.03% |
286,400
+4,967
| +2% | +$320K |
|
613
Manhattan Associates
MANH
$13B
| $18.4M | 0.03% |
308,500
+2,100
| +0.7% | +$125K |
|
|
CPN
614
DELISTED
Calpine Corporation
CPN
| $18.4M | 0.03% |
1,020,240
-54,200
| -5% | -$975K |
|
|
SNI
615
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $18.3M | 0.03% |
280,342
-27,320
| -9% | -$1.79M |
|
|
VMW
616
DELISTED
VMware, Inc
VMW
| $18.3M | 0.03% |
212,900
-110,900
| -34% | -$9.51M |
|
|
HUB.B
617
DELISTED
HUBBELL INC CL-B
HUB.B
| $18.2M | 0.03% |
168,301
-2,700
| -2% | -$292K |
|
|
GRA
618
DELISTED
W.R. Grace & Co.
GRA
| $18.2M | 0.03% |
181,500
+96,900
| +115% | +$9.72M |
|
619
Alexandria Real Estate Equities
ARE
$14.3B
| $18.2M | 0.03% |
207,605
+26,950
| +15% | +$2.36M |
|
|
PBCT
620
DELISTED
People's United Financial Inc
PBCT
| $18.2M | 0.03% |
1,119,879
+188,200
| +20% | +$3.05M |
|
621
Anywhere Real Estate
HOUS
$686M
| $18.1M | 0.03% |
387,800
+35,300
| +10% | +$1.65M |
|
622
Old Dominion Freight Line
ODFL
$31.2B
| $18.1M | 0.03% |
791,328
+15,948
| +2% | +$365K |
|
623
Jefferies Financial Group
JEF
$13.3B
| $18.1M | 0.03% |
832,372
-166,441
| -17% | -$3.62M |
|
|
DRC
624
DELISTED
DRESSER-RAND GROUP INC
DRC
| $18.1M | 0.03% |
212,100
+7,800
| +4% | +$664K |
|
625
Arrow Electronics
ARW
$6.5B
| $18.1M | 0.03% |
323,765
-20,100
| -6% | -$1.12M |
|