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
|
+$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$506M |
| 4 |
Cisco
CSCO
|
+$402M |
| 5 |
O'Reilly Automotive
ORLY
|
+$178M |
Top Sells
| 1 |
Coca-Cola
KO
|
+$247M |
| 2 |
Apple
AAPL
|
+$220M |
| 3 |
Medtronic
MDT
|
+$192M |
| 4 |
American Tower
AMT
|
+$186M |
| 5 |
L3Harris
LHX
|
+$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
626
Jabil
JBL
$22.4B
| $22.4M | 0.02% |
318,066
-19,148
| -6% | -$1.35M |
|
|
COUP
627
DELISTED
Coupa Software Incorporated
COUP
| $22.3M | 0.01% |
141,332
-7,270
| -5% | -$1.15M |
|
|
SYNH
628
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $22.2M | 0.01% |
216,123
-10,205
| -5% | -$1.05M |
|
629
Mohawk Industries
MHK
$8.67B
| $22.1M | 0.01% |
121,110
-11,411
| -9% | -$2.08M |
|
630
Zions Bancorporation
ZION
$8.42B
| $22M | 0.01% |
348,452
-27,179
| -7% | -$1.72M |
|
631
Manhattan Associates
MANH
$13.3B
| $22M | 0.01% |
141,389
-978
| -0.7% | -$152K |
|
632
Liberty Broadband Class A
LBRDA
$8.63B
| $22M | 0.01% |
136,572
+88,250
| +183% | +$14.2M |
|
633
Deckers Outdoor
DECK
$17.9B
| $22M | 0.01% |
359,862
-28,938
| -7% | -$1.77M |
|
634
Sealed Air
SEE
$4.86B
| $21.9M | 0.01% |
323,898
-21,097
| -6% | -$1.42M |
|
635
United Therapeutics
UTHR
$17.8B
| $21.8M | 0.01% |
100,736
-3,854
| -4% | -$833K |
|
|
BERY
636
DELISTED
Berry Global Group, Inc.
BERY
| $21.7M | 0.01% |
320,678
-20,269
| -6% | -$1.37M |
|
637
IAC Inc
IAC
$2.92B
| $21.7M | 0.01% |
202,482
-5,462
| -3% | -$586K |
|
638
Axon Enterprise
AXON
$58.1B
| $21.6M | 0.01% |
137,867
+6,441
| +5% | +$1.01M |
|
639
American Financial Group
AFG
$11.5B
| $21.6M | 0.01% |
156,982
-4,012
| -2% | -$551K |
|
640
APA Corp
APA
$7.96B
| $21.5M | 0.01% |
798,845
-56,661
| -7% | -$1.52M |
|
641
Franklin Resources
BEN
$12.9B
| $21.5M | 0.01% |
640,641
-32,335
| -5% | -$1.08M |
|
642
Amdocs
DOX
$9.44B
| $21.4M | 0.01% |
286,602
-19,110
| -6% | -$1.43M |
|
643
UGI
UGI
$7.37B
| $21.3M | 0.01% |
463,759
-27,151
| -6% | -$1.25M |
|
644
Arrow Electronics
ARW
$6.49B
| $21.3M | 0.01% |
158,266
-12,539
| -7% | -$1.68M |
|
645
Cleveland-Cliffs
CLF
$5.45B
| $21.2M | 0.01% |
975,107
-57,763
| -6% | -$1.26M |
|
|
ATH
646
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $21.1M | 0.01% |
253,505
-9,210
| -4% | -$767K |
|
|
AVLR
647
DELISTED
Avalara, Inc.
AVLR
| $21.1M | 0.01% |
163,262
-8,777
| -5% | -$1.13M |
|
648
Genpact
G
$7.71B
| $21.1M | 0.01% |
396,721
-28,480
| -7% | -$1.51M |
|
649
Cable One
CABO
$922M
| $20.8M | 0.01% |
11,773
-82
| -0.7% | -$145K |
|
650
Sensata Technologies
ST
$4.66B
| $20.7M | 0.01% |
335,799
-18,775
| -5% | -$1.16M |
|