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 |
Verizon
VZ
|
+$165M |
| 2 |
Oracle
ORCL
|
+$139M |
| 3 |
CME Group
CME
|
+$99.7M |
| 4 |
Gilead Sciences
GILD
|
+$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$192M |
| 5 |
Humana
HUM
|
+$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
701
Saic
SAIC
$4.84B
| $9.62M | 0.01% |
128,862
-9,800
| -7% | -$731K |
|
|
SBNY
702
DELISTED
Signature Bank
SBNY
| $9.61M | 0.01% |
119,557
-45,589
| -28% | -$3.66M |
|
|
LM
703
DELISTED
Legg Mason, Inc.
LM
| $9.61M | 0.01% |
196,690
-28,943
| -13% | -$1.41M |
|
|
ONC
704
BeOne Medicines Ltd. American Depositary Shares
ONC
$36.8B
| $9.6M | 0.01% |
77,966
+941
| +1% | +$116K |
|
705
Flex
FLEX
$21.5B
| $9.55M | 0.01% |
1,512,598
-3,716
| -0.2% | -$23.5K |
|
|
LHCG
706
DELISTED
LHC Group LLC
LHCG
| $9.52M | 0.01% |
67,923
-3,300
| -5% | -$463K |
|
707
Comerica
CMA
$8.92B
| $9.43M | 0.01% |
321,489
-41,194
| -11% | -$1.21M |
|
708
Diamondback Energy
FANG
$40.1B
| $9.42M | 0.01% |
359,432
+110
| +0% | +$2.88K |
|
709
First Industrial Realty Trust
FR
$6.92B
| $9.41M | 0.01% |
283,147
-46,301
| -14% | -$1.54M |
|
|
RP
710
DELISTED
RealPage, Inc.
RP
| $9.41M | 0.01% |
177,700
-9,000
| -5% | -$476K |
|
711
United Therapeutics
UTHR
$18.2B
| $9.34M | 0.01% |
98,455
-5,000
| -5% | -$474K |
|
712
ScottsMiracle-Gro
SMG
$3.54B
| $9.32M | 0.01% |
90,982
-4,254
| -4% | -$436K |
|
713
Pinduoduo
PDD
$179B
| $9.29M | 0.01% |
257,915
+3,107
| +1% | +$112K |
|
714
Autohome
ATHM
$3.49B
| $9.28M | 0.01% |
130,718
+1,568
| +1% | +$111K |
|
715
Etsy
ETSY
$5.98B
| $9.27M | 0.01% |
241,245
-42,056
| -15% | -$1.62M |
|
716
iQIYI
IQ
$2.5B
| $9.26M | 0.01% |
520,467
+6,250
| +1% | +$111K |
|
717
Zillow
Z
$21.7B
| $9.25M | 0.01% |
256,900
-10,600
| -4% | -$382K |
|
718
Lincoln Electric
LECO
$13.4B
| $9.25M | 0.01% |
134,064
-300
| -0.2% | -$20.7K |
|
719
Knight Transportation
KNX
$6.93B
| $9.21M | 0.01% |
280,869
-88,785
| -24% | -$2.91M |
|
|
LOGM
720
DELISTED
LogMein, Inc.
LOGM
| $9.11M | 0.01% |
109,427
-27,700
| -20% | -$2.31M |
|
721
Kimco Realty
KIM
$15.2B
| $9.1M | 0.01% |
940,998
-29,780
| -3% | -$288K |
|
722
Flowers Foods
FLO
$3.01B
| $9.08M | 0.01% |
442,411
-22,000
| -5% | -$451K |
|
723
ITT
ITT
$13.9B
| $9.03M | 0.01% |
198,959
-9,592
| -5% | -$435K |
|
|
SRCL
724
DELISTED
Stericycle Inc
SRCL
| $9.02M | 0.01% |
185,697
-23,360
| -11% | -$1.13M |
|
|
XLRN
725
DELISTED
Acceleron Pharma Inc.
XLRN
| $9.01M | 0.01% |
100,282
-2,050
| -2% | -$184K |
|