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 |
Bristol-Myers Squibb
BMY
|
+$319M |
| 2 |
AbbVie
ABBV
|
+$240M |
| 3 |
IBM
IBM
|
+$102M |
| 4 |
Progressive
PGR
|
+$97.4M |
| 5 |
Conagra Brands
CAG
|
+$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$3.19B |
| 3 |
Apple
AAPL
|
+$367M |
| 4 |
Microsoft
MSFT
|
+$324M |
| 5 |
Amazon
AMZN
|
+$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
751
Huazhu Hotels Group
HTHT
$11.7B
| $14.2M | 0.01% |
429,907
-25,065
| -6% | -$827K |
|
752
Bruker
BRKR
$4.67B
| $14.2M | 0.01% |
220,514
-13,664
| -6% | -$879K |
|
753
Autoliv
ALV
$9.74B
| $14.2M | 0.01% |
185,116
-8,618
| -4% | -$659K |
|
754
Masimo
MASI
$8.08B
| $14.1M | 0.01% |
96,873
-297,163
| -75% | -$43.2M |
|
755
Zillow
Z
$21.8B
| $14.1M | 0.01% |
285,795
-33,335
| -10% | -$1.64M |
|
756
Peloton Interactive
PTON
$3.3B
| $14.1M | 0.01% |
532,089
+18,922
| +4% | +$500K |
|
757
Curtiss-Wright
CW
$18.2B
| $14M | 0.01% |
93,503
| – | – |
|
758
AGNC Investment
AGNC
$10.8B
| $14M | 0.01% |
1,066,532
-88,611
| -8% | -$1.16M |
|
|
BHVN
759
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $13.9M | 0.01% |
117,458
+8,069
| +7% | +$957K |
|
760
XPO
XPO
$15.6B
| $13.9M | 0.01% |
320,442
-19,341
| -6% | -$837K |
|
761
Euronet Worldwide
EEFT
$3.59B
| $13.8M | 0.01% |
106,324
-2,631
| -2% | -$342K |
|
762
Emcor
EME
$27.8B
| $13.8M | 0.01% |
122,731
-3,506
| -3% | -$395K |
|
763
Exelixis
EXEL
$10.1B
| $13.8M | 0.01% |
608,078
-48,792
| -7% | -$1.11M |
|
764
Gentex
GNTX
$6.3B
| $13.8M | 0.01% |
472,400
-32,067
| -6% | -$935K |
|
765
Rapid7
RPD
$1.33B
| $13.8M | 0.01% |
123,731
| – | – |
|
766
Encompass Health
EHC
$12.7B
| $13.7M | 0.01% |
242,854
-20,152
| -8% | -$1.14M |
|
767
Dropbox
DBX
$8.19B
| $13.7M | 0.01% |
590,536
-79,360
| -12% | -$1.85M |
|
768
AerCap
AER
$21.9B
| $13.7M | 0.01% |
272,972
-15,344
| -5% | -$771K |
|
769
FIVE9
FIVN
$2.06B
| $13.7M | 0.01% |
124,318
-7,215
| -5% | -$797K |
|
770
Marriott Vacations Worldwide
VAC
$2.71B
| $13.7M | 0.01% |
86,720
-2,459
| -3% | -$388K |
|
771
Kanzhun
BZ
$11.1B
| $13.7M | 0.01% |
+548,561
| New | +$13.7M |
|
772
Silicon Laboratories
SLAB
$4.42B
| $13.6M | 0.01% |
90,776
-5,272
| -5% | -$792K |
|
773
PENN Entertainment
PENN
$2.93B
| $13.5M | 0.01% |
318,814
-30,210
| -9% | -$1.28M |
|
774
Saia
SAIA
$8.31B
| $13.5M | 0.01% |
55,403
-3,915
| -7% | -$955K |
|
775
National Fuel Gas
NFG
$7.71B
| $13.5M | 0.01% |
196,614
-3,945
| -2% | -$271K |
|