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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
601
Exelixis
EXEL
$10.5B
| $16.2M | 0.02% |
681,180
+10,266
| +2% | +$244K |
|
602
WEX
WEX
$6.04B
| $16.1M | 0.02% |
97,418
-725
| -0.7% | -$120K |
|
|
NUAN
603
DELISTED
Nuance Communications, Inc.
NUAN
| $16.1M | 0.02% |
635,194
-14,728
| -2% | -$373K |
|
604
AptarGroup
ATR
$9.03B
| $16.1M | 0.02% |
143,492
-1,005
| -0.7% | -$113K |
|
605
Lyft
LYFT
$7.6B
| $16M | 0.02% |
485,300
+86,700
| +22% | +$2.86M |
|
606
Gaming and Leisure Properties
GLPI
$13.7B
| $16M | 0.02% |
461,906
+1,901
| +0.4% | +$65.8K |
|
607
GDS Holdings
GDS
$7.37B
| $15.9M | 0.02% |
199,556
+78,795
| +65% | +$6.28M |
|
608
Toro Company
TTC
$7.82B
| $15.9M | 0.02% |
239,390
-1,426
| -0.6% | -$94.6K |
|
609
Chemed
CHE
$6.67B
| $15.8M | 0.02% |
35,068
-391
| -1% | -$176K |
|
610
American Homes 4 Rent
AMH
$12.8B
| $15.8M | 0.02% |
587,346
+6,003
| +1% | +$161K |
|
|
GLIBA
611
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $15.8M | 0.02% |
221,499
+858
| +0.4% | +$61K |
|
612
Vornado Realty Trust
VNO
$8.07B
| $15.7M | 0.02% |
410,708
+15,931
| +4% | +$609K |
|
613
Zscaler
ZS
$44.6B
| $15.7M | 0.02% |
143,200
+11,168
| +8% | +$1.22M |
|
|
AZPN
614
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $15.6M | 0.02% |
150,920
-2,308
| -2% | -$239K |
|
|
VER
615
DELISTED
VEREIT, Inc.
VER
| $15.6M | 0.02% |
485,173
-1,251,468
| -72% | -$40.2M |
|
616
Avantor
AVTR
$8.87B
| $15.6M | 0.02% |
916,731
+211,789
| +30% | +$3.6M |
|
617
Huntington Ingalls Industries
HII
$10.8B
| $15.6M | 0.02% |
89,279
-1,983
| -2% | -$346K |
|
618
Interpublic Group of Companies
IPG
$9.78B
| $15.5M | 0.02% |
905,373
+15,955
| +2% | +$274K |
|
619
Genpact
G
$7.55B
| $15.5M | 0.02% |
425,160
+2,737
| +0.6% | +$100K |
|
620
DaVita
DVA
$9.53B
| $15.4M | 0.02% |
194,940
-9,976
| -5% | -$790K |
|
|
CZR
621
DELISTED
Caesars Entertainment Corporation
CZR
| $15.4M | 0.02% |
1,267,056
-22,217
| -2% | -$269K |
|
622
Hubbell
HUBB
$24B
| $15.3M | 0.02% |
122,157
-1,177
| -1% | -$148K |
|
623
Bright Horizons
BFAM
$6.49B
| $15.3M | 0.02% |
130,426
-160
| -0.1% | -$18.8K |
|
624
New York Times
NYT
$9.53B
| $15.3M | 0.02% |
363,527
+34,865
| +11% | +$1.47M |
|
625
Service Corp International
SCI
$11.3B
| $15.3M | 0.02% |
392,388
-10,154
| -3% | -$395K |
|