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 | |
|---|---|---|---|---|---|---|
801
Lamb Weston
LW
$8.02B
| $11.9M | 0.01% |
229,078
+8,781
| +4% | +$455K |
|
802
STAG Industrial
STAG
$6.84B
| $11.9M | 0.01% |
327,127
+46,764
| +17% | +$1.7M |
|
803
AES
AES
$9.06B
| $11.8M | 0.01% |
1,120,421
+301,089
| +37% | +$3.17M |
|
804
Watts Water Technologies
WTS
$9.47B
| $11.7M | 0.01% |
47,776
+3,261
| +7% | +$802K |
|
805
Five Below
FIVE
$8.34B
| $11.7M | 0.01% |
89,530
+25,075
| +39% | +$3.29M |
|
806
Flowers Foods
FLO
$3.15B
| $11.7M | 0.01% |
734,308
-193,808
| -21% | -$3.1M |
|
807
Old National Bancorp
ONB
$8.96B
| $11.7M | 0.01% |
548,331
+55,986
| +11% | +$1.19M |
|
808
Bright Horizons
BFAM
$6.62B
| $11.7M | 0.01% |
94,559
+2,648
| +3% | +$327K |
|
809
Advanced Drainage Systems
WMS
$11.5B
| $11.7M | 0.01% |
101,512
+2,206
| +2% | +$253K |
|
810
Darling Ingredients
DAR
$4.94B
| $11.6M | 0.01% |
306,486
+14,533
| +5% | +$551K |
|
811
Churchill Downs
CHDN
$7.01B
| $11.6M | 0.01% |
114,406
+80
| +0.1% | +$8.08K |
|
812
AGCO
AGCO
$8.23B
| $11.5M | 0.01% |
111,891
+9,068
| +9% | +$935K |
|
813
Ollie's Bargain Outlet
OLLI
$8.12B
| $11.5M | 0.01% |
87,285
+7,837
| +10% | +$1.03M |
|
814
OneMain Financial
OMF
$7.27B
| $11.5M | 0.01% |
201,750
+10,237
| +5% | +$584K |
|
815
Starwood Property Trust
STWD
$7.53B
| $11.5M | 0.01% |
572,943
+102,760
| +22% | +$2.06M |
|
816
HF Sinclair
DINO
$9.56B
| $11.5M | 0.01% |
279,135
+5,802
| +2% | +$238K |
|
817
Dayforce
DAY
$10.9B
| $11.5M | 0.01% |
206,763
-385,126
| -65% | -$21.3M |
|
818
APA Corp
APA
$7.96B
| $11.4M | 0.01% |
625,141
+35,430
| +6% | +$648K |
|
819
Globus Medical
GMED
$8.04B
| $11.4M | 0.01% |
193,364
+10,780
| +6% | +$636K |
|
820
Simpson Manufacturing
SSD
$8.14B
| $11.4M | 0.01% |
73,168
+2,787
| +4% | +$433K |
|
821
Prosperity Bancshares
PB
$6.46B
| $11.4M | 0.01% |
161,759
+13,423
| +9% | +$943K |
|
822
Kanzhun
BZ
$11.1B
| $11.3M | 0.01% |
633,884
+140,977
| +29% | +$2.52M |
|
823
Lattice Semiconductor
LSCC
$9.13B
| $11.3M | 0.01% |
230,364
+14,712
| +7% | +$721K |
|
824
Universal Display
OLED
$6.91B
| $11.3M | 0.01% |
73,029
-15,880
| -18% | -$2.45M |
|
825
Bath & Body Works
BBWI
$5.87B
| $11.2M | 0.01% |
375,270
+21,059
| +6% | +$631K |
|