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 | |
|---|---|---|---|---|---|---|
726
Curtiss-Wright
CW
$19.3B
| $9M | 0.01% |
97,438
-4,674
| -5% | -$432K |
|
727
Autoliv
ALV
$9.77B
| $9M | 0.01% |
195,572
+19,472
| +11% | +$896K |
|
728
EastGroup Properties
EGP
$8.86B
| $8.99M | 0.01% |
86,014
-26,103
| -23% | -$2.73M |
|
729
Planet Fitness
PLNT
$8.78B
| $8.99M | 0.01% |
184,534
-40,478
| -18% | -$1.97M |
|
|
WORK
730
DELISTED
Slack Technologies, Inc.
WORK
| $8.93M | 0.01% |
332,700
-6,489
| -2% | -$174K |
|
|
IAA
731
DELISTED
IAA, Inc. Common Stock
IAA
| $8.93M | 0.01% |
297,892
-15,099
| -5% | -$452K |
|
732
Zoom
ZM
$25.3B
| $8.92M | 0.01% |
61,070
+7,400
| +14% | +$1.08M |
|
|
AYX
733
DELISTED
Alteryx, Inc.
AYX
| $8.92M | 0.01% |
93,730
-20,839
| -18% | -$1.98M |
|
734
Black Hills Corp
BKH
$4.29B
| $8.83M | 0.01% |
137,971
-19,858
| -13% | -$1.27M |
|
|
HPP
735
Hudson Pacific Properties
HPP
$1.11B
| $8.82M | 0.01% |
347,601
+15,041
| +5% | +$381K |
|
736
Avantor
AVTR
$8.83B
| $8.81M | 0.01% |
704,942
+49,900
| +8% | +$623K |
|
737
Armstrong World Industries
AWI
$8.57B
| $8.8M | 0.01% |
110,857
-5,500
| -5% | -$437K |
|
738
Blue Owl Capital
OBDC
$7.28B
| $8.8M | 0.01% |
762,689
+26,900
| +4% | +$310K |
|
|
STOR
739
DELISTED
STORE Capital Corporation
STOR
| $8.78M | 0.01% |
484,627
-12,400
| -2% | -$225K |
|
|
EQC
740
DELISTED
Equity Commonwealth
EQC
| $8.76M | 0.01% |
276,150
-19,596
| -7% | -$621K |
|
741
Cirrus Logic
CRUS
$5.93B
| $8.75M | 0.01% |
133,307
-36,437
| -21% | -$2.39M |
|
742
US Foods
USFD
$18B
| $8.74M | 0.01% |
493,555
+7,461
| +2% | +$132K |
|
|
CZR
743
DELISTED
Caesars Entertainment Corporation
CZR
| $8.72M | 0.01% |
1,289,273
-50,600
| -4% | -$342K |
|
744
Mercury Systems
MRCY
$4.4B
| $8.71M | 0.01% |
122,143
-21,122
| -15% | -$1.51M |
|
745
Sealed Air
SEE
$4.97B
| $8.71M | 0.01% |
352,602
-24,900
| -7% | -$615K |
|
746
Landstar System
LSTR
$4.58B
| $8.71M | 0.01% |
90,875
-5,054
| -5% | -$484K |
|
|
JBGS
747
JBG SMITH
JBGS
$1.44B
| $8.7M | 0.01% |
273,394
+11,900
| +5% | +$379K |
|
748
Tetra Tech
TTEK
$9.46B
| $8.68M | 0.01% |
614,695
-31,000
| -5% | -$438K |
|
749
Chegg
CHGG
$168M
| $8.64M | 0.01% |
241,376
-103,147
| -30% | -$3.69M |
|
|
ACC
750
DELISTED
American Campus Communities, Inc.
ACC
| $8.61M | 0.01% |
310,358
+13,200
| +4% | +$366K |
|