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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
751
ITT
ITT
$13.9B
| $11.4M | 0.01% |
194,836
-4,123
| -2% | -$242K |
|
752
East-West Bancorp
EWBC
$15.1B
| $11.4M | 0.01% |
315,231
-10,146
| -3% | -$368K |
|
753
Douglas Emmett
DEI
$2.81B
| $11.4M | 0.01% |
371,036
-3,142
| -0.8% | -$96.3K |
|
754
Enphase Energy
ENPH
$4.88B
| $11.4M | 0.01% |
239,001
+27,993
| +13% | +$1.33M |
|
755
TD Synnex
SNX
$12.6B
| $11.3M | 0.01% |
188,948
+814
| +0.4% | +$48.7K |
|
756
BJs Wholesale Club
BJ
$12.9B
| $11.3M | 0.01% |
302,923
+54,410
| +22% | +$2.03M |
|
757
Paylocity
PCTY
$9.48B
| $11.3M | 0.01% |
77,303
-254
| -0.3% | -$37.1K |
|
758
Churchill Downs
CHDN
$6.93B
| $11.3M | 0.01% |
169,134
+12,082
| +8% | +$804K |
|
759
Zai Lab
ZLAB
$3.61B
| $11.2M | 0.01% |
136,941
+57,395
| +72% | +$4.71M |
|
|
NATI
760
DELISTED
National Instruments Corp
NATI
| $11.2M | 0.01% |
289,499
-2,773
| -0.9% | -$107K |
|
|
JOYY
761
JOYY Inc. American Depositary Shares
JOYY
$3.17B
| $11.1M | 0.01% |
125,450
+684
| +0.5% | +$60.6K |
|
762
Axalta
AXTA
$6.88B
| $11.1M | 0.01% |
491,478
+16,859
| +4% | +$380K |
|
|
MRO
763
DELISTED
Marathon Oil Corporation
MRO
| $11.1M | 0.01% |
1,806,751
-35,549
| -2% | -$218K |
|
764
Jabil
JBL
$23B
| $11M | 0.01% |
344,425
-1,075
| -0.3% | -$34.5K |
|
765
Oshkosh
OSK
$8.88B
| $11M | 0.01% |
153,233
-287
| -0.2% | -$20.6K |
|
|
PBCT
766
DELISTED
People's United Financial Inc
PBCT
| $11M | 0.01% |
948,466
-45,583
| -5% | -$527K |
|
767
Lincoln Electric
LECO
$13.4B
| $10.9M | 0.01% |
129,827
-4,237
| -3% | -$357K |
|
|
COR
768
DELISTED
Coresite Realty Corporation
COR
| $10.9M | 0.01% |
89,871
+5,781
| +7% | +$700K |
|
|
ETRN
769
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $10.9M | 0.01% |
1,307,680
+851,723
| +187% | +$7.08M |
|
770
First Industrial Realty Trust
FR
$6.97B
| $10.9M | 0.01% |
282,622
-525
| -0.2% | -$20.2K |
|
771
Novavax
NVAX
$1.34B
| $10.8M | 0.01% |
129,975
+107,657
| +482% | +$8.97M |
|
772
Planet Fitness
PLNT
$8.68B
| $10.8M | 0.01% |
178,706
-5,828
| -3% | -$353K |
|
773
10x Genomics
TXG
$1.63B
| $10.8M | 0.01% |
121,121
+95,306
| +369% | +$8.51M |
|
774
Euronet Worldwide
EEFT
$3.62B
| $10.8M | 0.01% |
112,656
-18
| -0% | -$1.73K |
|
|
ACC
775
DELISTED
American Campus Communities, Inc.
ACC
| $10.8M | 0.01% |
308,737
-1,621
| -0.5% | -$56.7K |
|