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 |
TE Connectivity
TEL
|
$156M |
| 2 |
Microsoft
MSFT
|
$154M |
| 3 |
Oracle
ORCL
|
$104M |
| 4 |
Apple
AAPL
|
$99.8M |
| 5 |
Texas Instruments
TXN
|
$98.1M |
Top Sells
| 1 |
Amazon
AMZN
|
$363M |
| 2 |
Accenture
ACN
|
$352M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$313M |
| 4 |
Charter Communications
CHTR
|
$159M |
| 5 |
Danaher
DHR
|
$150M |
Sector Composition
| 1 | Technology | 28.02% |
| 2 | Healthcare | 14.96% |
| 3 | Financials | 11.83% |
| 4 | Consumer Discretionary | 9.76% |
| 5 | Consumer Staples | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
651
Madison Square Garden
MSGS
$4.71B
| $17M | 0.01% |
90,616
+3,359
| +4% | +$632K |
|
652
WD-40
WDFC
$2.95B
| $17M | 0.01% |
90,289
+32,580
| +56% | +$6.15M |
|
653
Exponent
EXPO
$3.61B
| $16.9M | 0.01% |
181,516
+16,150
| +10% | +$1.51M |
|
654
Norwegian Cruise Line
NCLH
$11.6B
| $16.9M | 0.01% |
774,800
-40,548
| -5% | -$883K |
|
655
KE Holdings
BEKE
$22.4B
| $16.9M | 0.01% |
1,135,006
-57,882
| -5% | -$860K |
|
656
Liberty Global Class A
LBTYA
$4.05B
| $16.8M | 0.01% |
998,948
+105,633
| +12% | +$1.78M |
|
657
Premier
PINC
$2.13B
| $16.8M | 0.01% |
608,084
+59,507
| +11% | +$1.65M |
|
658
Lear
LEA
$5.91B
| $16.8M | 0.01% |
117,013
-5,591
| -5% | -$803K |
|
659
Kinsale Capital Group
KNSL
$10.6B
| $16.8M | 0.01% |
44,881
-22,281
| -33% | -$8.34M |
|
660
NRG Energy
NRG
$28.6B
| $16.8M | 0.01% |
448,085
+13,393
| +3% | +$501K |
|
661
A.O. Smith
AOS
$10.3B
| $16.7M | 0.01% |
229,989
-15,859
| -6% | -$1.15M |
|
662
US Foods
USFD
$17.5B
| $16.7M | 0.01% |
380,232
+4,639
| +1% | +$204K |
|
663
Fortune Brands Innovations
FBIN
$7.3B
| $16.7M | 0.01% |
232,501
-12,172
| -5% | -$876K |
|
664
Saia
SAIA
$8.34B
| $16.7M | 0.01% |
48,665
-2,574
| -5% | -$881K |
|
665
Essential Utilities
WTRG
$11B
| $16.6M | 0.01% |
416,431
-13,251
| -3% | -$529K |
|
666
Apellis Pharmaceuticals
APLS
$3.55B
| $16.6M | 0.01% |
182,188
+40,182
| +28% | +$3.66M |
|
667
TopBuild
BLD
$12.3B
| $16.4M | 0.01% |
61,837
-4,038
| -6% | -$1.07M |
|
668
Grand Canyon Education
LOPE
$5.74B
| $16.4M | 0.01% |
159,032
+3,754
| +2% | +$387K |
|
669
Littelfuse
LFUS
$6.51B
| $16.4M | 0.01% |
56,317
| – | – |
|
670
KeyCorp
KEY
$20.8B
| $16.4M | 0.01% |
1,770,473
-117,802
| -6% | -$1.09M |
|
671
Americold
COLD
$3.98B
| $16.1M | 0.01% |
499,129
-17,833
| -3% | -$576K |
|
672
Texas Pacific Land
TPL
$20.4B
| $16M | 0.01% |
36,378
-1,197
| -3% | -$525K |
|
673
Floor & Decor
FND
$9.42B
| $15.9M | 0.01% |
153,109
-9,844
| -6% | -$1.02M |
|
674
Tenet Healthcare
THC
$17.3B
| $15.9M | 0.01% |
195,506
-5,572
| -3% | -$453K |
|
675
Spire
SR
$4.46B
| $15.9M | 0.01% |
249,859
+282
| +0.1% | +$17.9K |
|