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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
626
Dynatrace
DT
$15.1B
| $18.6M | 0.01% |
394,221
-26,812
| -6% | -$1.26M |
|
627
Tetra Tech
TTEK
$9.48B
| $18.5M | 0.01% |
559,955
-20,495
| -4% | -$676K |
|
|
ZNGA
628
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $18.4M | 0.01% |
1,994,014
-184,748
| -8% | -$1.71M |
|
629
Toro Company
TTC
$7.99B
| $18.4M | 0.01% |
215,471
-14,708
| -6% | -$1.26M |
|
630
Ciena
CIEN
$16.5B
| $18.2M | 0.01% |
300,480
-24,740
| -8% | -$1.5M |
|
631
Middleby
MIDD
$7.32B
| $18.2M | 0.01% |
111,120
-7,275
| -6% | -$1.19M |
|
632
Jabil
JBL
$22.5B
| $18.1M | 0.01% |
293,546
-24,520
| -8% | -$1.51M |
|
633
Lear
LEA
$5.91B
| $18.1M | 0.01% |
126,939
-5,410
| -4% | -$771K |
|
634
Organon & Co
OGN
$2.7B
| $18.1M | 0.01% |
517,159
-19,077
| -4% | -$666K |
|
635
Lennox International
LII
$20.3B
| $18M | 0.01% |
69,980
-4,497
| -6% | -$1.16M |
|
636
Five Below
FIVE
$8.46B
| $17.9M | 0.01% |
113,054
-4,686
| -4% | -$742K |
|
637
First Citizens BancShares
FCNCA
$24.9B
| $17.9M | 0.01% |
26,891
+13,351
| +99% | +$8.89M |
|
638
Liberty Broadband Class A
LBRDA
$8.57B
| $17.8M | 0.01% |
135,487
-1,085
| -0.8% | -$142K |
|
639
EastGroup Properties
EGP
$8.97B
| $17.7M | 0.01% |
87,259
-1,673
| -2% | -$340K |
|
640
Lamb Weston
LW
$8.08B
| $17.7M | 0.01% |
294,810
-15,311
| -5% | -$917K |
|
641
Kohl's
KSS
$1.86B
| $17.6M | 0.01% |
291,837
-42,078
| -13% | -$2.54M |
|
|
AIRC
642
DELISTED
Apartment Income REIT Corp.
AIRC
| $17.6M | 0.01% |
329,062
-15,418
| -4% | -$824K |
|
643
Arrow Electronics
ARW
$6.57B
| $17.6M | 0.01% |
148,084
-10,182
| -6% | -$1.21M |
|
644
Flex
FLEX
$20.8B
| $17.6M | 0.01% |
1,256,652
-119,244
| -9% | -$1.67M |
|
645
Pentair
PNR
$18.1B
| $17.5M | 0.01% |
323,045
-34,527
| -10% | -$1.87M |
|
646
Churchill Downs
CHDN
$7.18B
| $17.5M | 0.01% |
157,806
-3,866
| -2% | -$429K |
|
647
RingCentral
RNG
$2.89B
| $17.5M | 0.01% |
148,911
-9,279
| -6% | -$1.09M |
|
|
PBCT
648
DELISTED
People's United Financial Inc
PBCT
| $17.4M | 0.01% |
870,544
-54,888
| -6% | -$1.1M |
|
649
Chemed
CHE
$6.79B
| $17.3M | 0.01% |
34,153
| – | – |
|
650
Bright Horizons
BFAM
$6.64B
| $17.3M | 0.01% |
130,322
-6,348
| -5% | -$842K |
|