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 | |
|---|---|---|---|---|---|---|
651
Pinnacle West Capital
PNW
$10.6B
| $17.3M | 0.01% |
221,205
-20,766
| -9% | -$1.62M |
|
652
United Therapeutics
UTHR
$18.1B
| $17.2M | 0.01% |
96,135
-4,601
| -5% | -$825K |
|
653
Cullen/Frost Bankers
CFR
$8.24B
| $17.2M | 0.01% |
124,596
| – | – |
|
654
Lattice Semiconductor
LSCC
$9.05B
| $17.2M | 0.01% |
282,128
-12,319
| -4% | -$751K |
|
655
XP
XP
$9.96B
| $17.1M | 0.01% |
567,899
-115,469
| -17% | -$3.48M |
|
656
First Industrial Realty Trust
FR
$6.92B
| $17.1M | 0.01% |
275,771
-16,963
| -6% | -$1.05M |
|
657
Huntington Ingalls Industries
HII
$10.6B
| $17.1M | 0.01% |
85,518
-4,378
| -5% | -$873K |
|
658
Commerce Bancshares
CBSH
$8.08B
| $17M | 0.01% |
275,675
-6,642
| -2% | -$411K |
|
659
Lincoln Electric
LECO
$13.5B
| $17M | 0.01% |
123,025
-6,148
| -5% | -$847K |
|
660
Western Alliance Bancorporation
WAL
$10B
| $16.9M | 0.01% |
204,007
-14,403
| -7% | -$1.19M |
|
661
Cable One
CABO
$922M
| $16.9M | 0.01% |
11,513
-260
| -2% | -$381K |
|
662
US Foods
USFD
$17.5B
| $16.8M | 0.01% |
447,709
-24,038
| -5% | -$905K |
|
663
Paylocity
PCTY
$9.62B
| $16.8M | 0.01% |
81,651
| – | – |
|
664
MKS Inc. Common Stock
MKSI
$7.02B
| $16.8M | 0.01% |
111,933
-6,703
| -6% | -$1.01M |
|
665
Nexstar Media Group
NXST
$6.31B
| $16.7M | 0.01% |
88,762
-4,625
| -5% | -$872K |
|
666
Carvana
CVNA
$50.9B
| $16.7M | 0.01% |
140,021
-10,928
| -7% | -$1.3M |
|
667
Floor & Decor
FND
$9.42B
| $16.7M | 0.01% |
206,060
-12,311
| -6% | -$997K |
|
668
Aramark
ARMK
$10.2B
| $16.6M | 0.01% |
612,989
-49,981
| -8% | -$1.36M |
|
669
AptarGroup
ATR
$9.13B
| $16.6M | 0.01% |
141,485
+1,670
| +1% | +$196K |
|
670
Franklin Resources
BEN
$13B
| $16.5M | 0.01% |
589,695
-50,946
| -8% | -$1.42M |
|
671
Newell Brands
NWL
$2.68B
| $16.4M | 0.01% |
768,138
-32,861
| -4% | -$704K |
|
672
Carlyle Group
CG
$23.1B
| $16.4M | 0.01% |
334,885
-24,047
| -7% | -$1.18M |
|
673
DXC Technology
DXC
$2.65B
| $16.4M | 0.01% |
501,755
-53,509
| -10% | -$1.75M |
|
674
WillScot Mobile Mini Holdings
WSC
$4.32B
| $16.4M | 0.01% |
417,976
-9,599
| -2% | -$376K |
|
|
SYNH
675
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $16.3M | 0.01% |
201,939
-14,184
| -7% | -$1.15M |
|