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 |
NVIDIA
NVDA
|
+$894M |
| 2 |
UnitedHealth
UNH
|
+$430M |
| 3 |
Intel
INTC
|
+$409M |
| 4 |
Amazon
AMZN
|
+$352M |
| 5 |
Broadcom
AVGO
|
+$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$415M |
| 2 |
Microsoft
MSFT
|
+$275M |
| 3 |
VMW
VMware, Inc
VMW
|
+$221M |
| 4 |
JPMorgan Chase
JPM
|
+$146M |
| 5 |
Verizon
VZ
|
+$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
601
White Mountains Insurance
WTM
$4.59B
| $21.2M | 0.02% |
14,078
| – | – |
|
|
CNH
602
CNH Industrial
CNH
$14.2B
| $21M | 0.02% |
+1,726,665
| New | +$21M |
|
603
DocuSign
DOCU
$15.9B
| $21M | 0.02% |
353,735
-20,886
| -6% | -$1.24M |
|
604
Boston Properties
BXP
$11.6B
| $21M | 0.02% |
299,652
-19,612
| -6% | -$1.38M |
|
605
Five Below
FIVE
$8.01B
| $21M | 0.02% |
98,557
-2,210
| -2% | -$471K |
|
|
DOC
606
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $21M | 0.02% |
1,574,844
-24,603
| -2% | -$327K |
|
607
Allegion
ALLE
$14.7B
| $20.8M | 0.02% |
163,789
-4,643
| -3% | -$588K |
|
608
Ovintiv
OVV
$10.8B
| $20.6M | 0.02% |
470,162
-6,169
| -1% | -$271K |
|
|
WRK
609
DELISTED
WestRock Company
WRK
| $20.6M | 0.02% |
496,807
-12,209
| -2% | -$507K |
|
610
Healthpeak Properties
DOC
$12.5B
| $20.6M | 0.02% |
1,041,770
-27,528
| -3% | -$545K |
|
611
Rexford Industrial Realty
REXR
$10.1B
| $20.6M | 0.02% |
366,933
+4,091
| +1% | +$230K |
|
612
APA Corp
APA
$7.95B
| $20.5M | 0.02% |
572,539
-25,403
| -4% | -$911K |
|
613
Casella Waste Systems
CWST
$5.82B
| $20.5M | 0.02% |
239,593
+7,793
| +3% | +$666K |
|
614
Floor & Decor
FND
$9.24B
| $20.3M | 0.02% |
182,290
-6,099
| -3% | -$680K |
|
615
MarketAxess Holdings
MKTX
$6.95B
| $20.2M | 0.02% |
68,943
-1,435
| -2% | -$420K |
|
616
Eastman Chemical
EMN
$7.66B
| $20.1M | 0.02% |
223,814
-10,257
| -4% | -$921K |
|
617
Roku
ROKU
$13.7B
| $20.1M | 0.02% |
218,993
+34,490
| +19% | +$3.16M |
|
618
Nutanix
NTNX
$20.5B
| $19.9M | 0.02% |
416,912
-12,010
| -3% | -$573K |
|
619
Haemonetics
HAE
$2.58B
| $19.6M | 0.01% |
229,717
+61,935
| +37% | +$5.3M |
|
620
Performance Food Group
PFGC
$16.3B
| $19.6M | 0.01% |
284,033
-11,194
| -4% | -$774K |
|
621
US Foods
USFD
$17.7B
| $19.4M | 0.01% |
426,618
+3,934
| +0.9% | +$179K |
|
622
nVent Electric
NVT
$15.3B
| $19.3M | 0.01% |
326,979
-21,396
| -6% | -$1.26M |
|
623
East-West Bancorp
EWBC
$14.9B
| $19.2M | 0.01% |
266,648
-11,365
| -4% | -$818K |
|
624
ONE Gas
OGS
$4.47B
| $19.1M | 0.01% |
299,344
+2,962
| +1% | +$189K |
|
625
Texas Pacific Land
TPL
$21.2B
| $19.1M | 0.01% |
36,378
| – | – |
|