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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Texas Instruments
TXN
|
$102M |
| 5 |
Costco
COST
|
$96.9M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
701
Wingstop
WING
$8.65B
| $15M | 0.01% |
52,919
-3,007
| -5% | -$855K |
|
702
Wintrust Financial
WTFC
$9.34B
| $15M | 0.01% |
120,350
-4,921
| -4% | -$614K |
|
703
Globus Medical
GMED
$8.18B
| $15M | 0.01% |
181,444
-4,835
| -3% | -$400K |
|
704
Generac Holdings
GNRC
$10.6B
| $15M | 0.01% |
96,691
-3,460
| -3% | -$536K |
|
705
Permian Resources
PR
$9.75B
| $14.9M | 0.01% |
1,037,356
-65,265
| -6% | -$939K |
|
706
Zillow
Z
$21.3B
| $14.9M | 0.01% |
201,428
+18,798
| +10% | +$1.39M |
|
707
Churchill Downs
CHDN
$7.18B
| $14.8M | 0.01% |
110,638
-5,635
| -5% | -$752K |
|
708
Paylocity
PCTY
$9.62B
| $14.7M | 0.01% |
73,819
-3,930
| -5% | -$784K |
|
709
Medpace
MEDP
$13.7B
| $14.7M | 0.01% |
44,217
-2,948
| -6% | -$979K |
|
710
Annaly Capital Management
NLY
$14.2B
| $14.7M | 0.01% |
802,027
-28,590
| -3% | -$523K |
|
711
Eagle Materials
EXP
$7.86B
| $14.7M | 0.01% |
59,472
-5,577
| -9% | -$1.38M |
|
712
Saia
SAIA
$8.34B
| $14.7M | 0.01% |
32,179
-2,747
| -8% | -$1.25M |
|
713
Roku
ROKU
$14B
| $14.6M | 0.01% |
197,030
-12,591
| -6% | -$936K |
|
714
Vornado Realty Trust
VNO
$7.93B
| $14.6M | 0.01% |
347,024
-15,306
| -4% | -$643K |
|
715
Range Resources
RRC
$8.27B
| $14.5M | 0.01% |
404,306
-16,172
| -4% | -$582K |
|
716
MasTec
MTZ
$14B
| $14.5M | 0.01% |
106,779
-3,450
| -3% | -$470K |
|
717
Pinnacle Financial Partners
PNFP
$7.55B
| $14.5M | 0.01% |
127,079
-8,308
| -6% | -$950K |
|
718
AES
AES
$9.21B
| $14.5M | 0.01% |
1,126,111
-78,194
| -6% | -$1.01M |
|
719
Brixmor Property Group
BRX
$8.63B
| $14.3M | 0.01% |
515,252
-65,549
| -11% | -$1.82M |
|
720
WESCO International
WCC
$10.7B
| $14.3M | 0.01% |
79,255
-8,336
| -10% | -$1.51M |
|
721
CAVA Group
CAVA
$7.73B
| $14.3M | 0.01% |
126,540
+19,078
| +18% | +$2.15M |
|
722
Alaska Air
ALK
$7.28B
| $14.2M | 0.01% |
220,070
-12,649
| -5% | -$819K |
|
723
Aaon
AAON
$6.62B
| $14.2M | 0.01% |
121,029
+3,166
| +3% | +$373K |
|
724
Carpenter Technology
CRS
$12.3B
| $14.2M | 0.01% |
83,899
+4,495
| +6% | +$763K |
|
725
New York Times
NYT
$9.6B
| $14.2M | 0.01% |
273,039
-19,035
| -7% | -$991K |
|