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
|
+$2.23B |
| 2 |
JPHY
JPMorgan Active High Yield ETF
JPHY
|
+$2.02B |
| 3 |
Microsoft
MSFT
|
+$1.33B |
| 4 |
NVIDIA
NVDA
|
+$985M |
| 5 |
Amazon
AMZN
|
+$539M |
Top Sells
| 1 |
Broadcom
AVGO
|
+$506M |
| 2 |
Texas Instruments
TXN
|
+$293M |
| 3 |
McDonald's
MCD
|
+$286M |
| 4 |
Home Depot
HD
|
+$264M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$247M |
Sector Composition
| 1 | Technology | 31.86% |
| 2 | Financials | 11.82% |
| 3 | Healthcare | 8.87% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
751
Dutch Bros
BROS
$8.33B
| $13.6M | 0.01% |
198,895
+38,697
| +24% | +$2.65M |
|
752
CarMax
KMX
$9.21B
| $13.6M | 0.01% |
201,767
-38,136
| -16% | -$2.56M |
|
753
Comerica
CMA
$8.88B
| $13.5M | 0.01% |
226,603
+12,342
| +6% | +$736K |
|
754
EXL Service
EXLS
$7.13B
| $13.5M | 0.01% |
308,154
+28,371
| +10% | +$1.24M |
|
755
Cullen/Frost Bankers
CFR
$8.27B
| $13.4M | 0.01% |
104,560
+4,031
| +4% | +$518K |
|
756
Zions Bancorporation
ZION
$8.4B
| $13.4M | 0.01% |
258,210
+20,606
| +9% | +$1.07M |
|
757
Middleby
MIDD
$7.03B
| $13.4M | 0.01% |
93,124
+809
| +0.9% | +$116K |
|
758
Full Truck Alliance
YMM
$13.9B
| $13.4M | 0.01% |
1,134,627
+83,434
| +8% | +$985K |
|
759
Fabrinet
FN
$13.2B
| $13.2M | 0.01% |
44,896
-11,215
| -20% | -$3.3M |
|
760
Affiliated Managers Group
AMG
$6.59B
| $13.2M | 0.01% |
67,234
+165
| +0.2% | +$32.5K |
|
761
BellRing Brands
BRBR
$4.75B
| $13.1M | 0.01% |
226,101
+9,179
| +4% | +$532K |
|
762
American Airlines Group
AAL
$8.42B
| $13.1M | 0.01% |
1,164,443
+55,059
| +5% | +$618K |
|
763
Match Group
MTCH
$9.19B
| $13M | 0.01% |
421,527
+4,806
| +1% | +$148K |
|
764
Commerce Bancshares
CBSH
$8.04B
| $12.9M | 0.01% |
208,148
+9,483
| +5% | +$590K |
|
765
Elastic
ESTC
$9.69B
| $12.9M | 0.01% |
153,349
+16,835
| +12% | +$1.42M |
|
766
Ryder
R
$7.57B
| $12.9M | 0.01% |
81,104
+2
| +0% | +$318 |
|
767
Huntington Ingalls Industries
HII
$10.5B
| $12.9M | 0.01% |
53,328
+303
| +0.6% | +$73.2K |
|
768
Charles River Laboratories
CRL
$7.75B
| $12.8M | 0.01% |
84,605
+3,198
| +4% | +$485K |
|
769
Commault Systems
CVLT
$8.23B
| $12.8M | 0.01% |
73,544
+1,722
| +2% | +$300K |
|
770
UMB Financial
UMBF
$9.29B
| $12.8M | 0.01% |
121,620
+24,656
| +25% | +$2.59M |
|
|
MZTI
771
The Marzetti Company Common Stock
MZTI
$5.02B
| $12.7M | 0.01% |
73,686
-21,587
| -23% | -$3.73M |
|
772
Oshkosh
OSK
$8.7B
| $12.6M | 0.01% |
111,199
+1,404
| +1% | +$159K |
|
773
Unity
U
$19.2B
| $12.6M | 0.01% |
520,774
+53,015
| +11% | +$1.28M |
|
774
Wingstop
WING
$8.03B
| $12.6M | 0.01% |
37,407
+13
| +0% | +$4.38K |
|
775
Valmont Industries
VMI
$7.34B
| $12.6M | 0.01% |
38,465
+67
| +0.2% | +$21.9K |
|