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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
801
Crane NXT
CXT
$3.56B
| $13.1M | 0.01% |
436,442
+44,633
| +11% | +$1.34M |
|
802
BWX Technologies
BWXT
$15.5B
| $13.1M | 0.01% |
210,849
+48,097
| +30% | +$2.99M |
|
803
Chegg
CHGG
$169M
| $13.1M | 0.01% |
344,523
+71,690
| +26% | +$2.72M |
|
|
FLG
804
Flagstar Financial, Inc.
FLG
$5.31B
| $13M | 0.01% |
361,682
+28,660
| +9% | +$1.03M |
|
|
MLNX
805
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $13M | 0.01% |
111,026
-638
| -0.6% | -$74.8K |
|
806
AGCO
AGCO
$8.1B
| $13M | 0.01% |
168,311
-1,657
| -1% | -$128K |
|
807
Lincoln Electric
LECO
$13.4B
| $13M | 0.01% |
134,364
-18,850
| -12% | -$1.82M |
|
808
Cullen/Frost Bankers
CFR
$8.24B
| $13M | 0.01% |
132,897
+10,513
| +9% | +$1.03M |
|
809
News Corp Class A
NWSA
$16.6B
| $13M | 0.01% |
918,864
-119,933
| -12% | -$1.7M |
|
|
NATI
810
DELISTED
National Instruments Corp
NATI
| $13M | 0.01% |
306,432
+13,446
| +5% | +$569K |
|
811
CubeSmart
CUBE
$9.48B
| $12.9M | 0.01% |
410,418
-7,674
| -2% | -$242K |
|
812
MongoDB
MDB
$27.1B
| $12.9M | 0.01% |
97,824
+6,666
| +7% | +$877K |
|
813
Hanesbrands
HBI
$2.25B
| $12.8M | 0.01% |
863,225
-92,286
| -10% | -$1.37M |
|
814
Spire
SR
$4.49B
| $12.8M | 0.01% |
153,809
+41,212
| +37% | +$3.43M |
|
815
Toll Brothers
TOL
$14.2B
| $12.8M | 0.01% |
323,785
-49,772
| -13% | -$1.97M |
|
|
ONC
816
BeOne Medicines Ltd. American Depositary Shares
ONC
$36.9B
| $12.8M | 0.01% |
77,025
+13,640
| +22% | +$2.26M |
|
817
Banner Corp
BANR
$2.32B
| $12.7M | 0.01% |
225,293
+137,725
| +157% | +$7.79M |
|
818
Evercore
EVR
$13.2B
| $12.7M | 0.01% |
169,437
+56,535
| +50% | +$4.23M |
|
819
Frontdoor
FTDR
$4.86B
| $12.6M | 0.01% |
266,025
+107,827
| +68% | +$5.11M |
|
820
EnerSys
ENS
$4.02B
| $12.6M | 0.01% |
168,386
+47,386
| +39% | +$3.55M |
|
821
Exelixis
EXEL
$10.5B
| $12.6M | 0.01% |
715,070
+40,181
| +6% | +$708K |
|
822
PENN Entertainment
PENN
$2.92B
| $12.6M | 0.01% |
492,043
+263,078
| +115% | +$6.72M |
|
823
Iridium Communications
IRDM
$1.95B
| $12.6M | 0.01% |
509,677
+164,789
| +48% | +$4.06M |
|
824
Etsy
ETSY
$5.92B
| $12.6M | 0.01% |
283,301
+9,140
| +3% | +$405K |
|
|
TECD
825
DELISTED
Tech Data Corp
TECD
| $12.5M | 0.01% |
87,224
+7,731
| +10% | +$1.11M |
|