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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
701
Coherent
COHR
$16.1B
| $18.3M | 0.01% |
241,342
+32,042
| +15% | +$2.43M |
|
702
Natera
NTRA
$23.3B
| $18.2M | 0.01% |
182,716
+21,412
| +13% | +$2.13M |
|
|
VER
703
DELISTED
VEREIT, Inc.
VER
| $18.1M | 0.01% |
478,660
+17,808
| +4% | +$673K |
|
704
Snowflake
SNOW
$76.5B
| $18M | 0.01% |
+63,958
| New | +$18M |
|
705
Churchill Downs
CHDN
$6.77B
| $18M | 0.01% |
184,516
+11,104
| +6% | +$1.08M |
|
706
Voya Financial
VOYA
$7.3B
| $18M | 0.01% |
305,353
+730
| +0.2% | +$42.9K |
|
707
US Foods
USFD
$17.5B
| $18M | 0.01% |
538,999
+29,225
| +6% | +$973K |
|
708
Euronet Worldwide
EEFT
$3.57B
| $17.9M | 0.01% |
123,664
+6,581
| +6% | +$954K |
|
709
Watsco
WSO
$15.8B
| $17.9M | 0.01% |
79,070
+3,927
| +5% | +$890K |
|
710
UGI
UGI
$7.38B
| $17.9M | 0.01% |
512,060
+26,840
| +6% | +$938K |
|
711
Norwegian Cruise Line
NCLH
$11.5B
| $17.7M | 0.01% |
695,074
+120,174
| +21% | +$3.06M |
|
712
A.O. Smith
AOS
$10.2B
| $17.6M | 0.01% |
321,201
+16,527
| +5% | +$906K |
|
713
East-West Bancorp
EWBC
$14.9B
| $17.6M | 0.01% |
347,069
+23,590
| +7% | +$1.2M |
|
714
Lamar Advertising Co
LAMR
$12.8B
| $17.6M | 0.01% |
211,307
+10,853
| +5% | +$903K |
|
715
Zions Bancorporation
ZION
$8.56B
| $17.6M | 0.01% |
404,094
+30,121
| +8% | +$1.31M |
|
716
United Therapeutics
UTHR
$17.9B
| $17.5M | 0.01% |
115,313
+11,518
| +11% | +$1.75M |
|
717
Sealed Air
SEE
$4.83B
| $17.5M | 0.01% |
381,288
+20,042
| +6% | +$918K |
|
718
Stifel
SF
$11.6B
| $17.4M | 0.01% |
345,572
+105,521
| +44% | +$5.32M |
|
|
SBNY
719
DELISTED
Signature Bank
SBNY
| $17.4M | 0.01% |
128,592
+8,266
| +7% | +$1.12M |
|
720
NNN REIT
NNN
$8.06B
| $17.4M | 0.01% |
424,477
+26,540
| +7% | +$1.09M |
|
721
Franklin Resources
BEN
$12.6B
| $17.4M | 0.01% |
694,950
+38,753
| +6% | +$968K |
|
722
News Corp Class A
NWSA
$16.2B
| $17.3M | 0.01% |
965,134
+64,635
| +7% | +$1.16M |
|
723
Middleby
MIDD
$6.99B
| $17.3M | 0.01% |
134,031
+6,336
| +5% | +$817K |
|
724
Robert Half
RHI
$3.56B
| $17.3M | 0.01% |
276,440
+15,750
| +6% | +$984K |
|
725
Ares Capital
ARCC
$15.8B
| $17.3M | 0.01% |
1,022,500
+52,000
| +5% | +$878K |
|