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 | |
|---|---|---|---|---|---|---|
801
First Financial Bankshares
FFIN
$5.13B
| $12.8M | 0.01% |
289,715
+619
| +0.2% | +$27.3K |
|
802
Clean Harbors
CLH
$12.7B
| $12.8M | 0.01% |
114,274
-3,957
| -3% | -$442K |
|
803
Landstar System
LSTR
$4.54B
| $12.7M | 0.01% |
84,348
-2,611
| -3% | -$394K |
|
804
TopBuild
BLD
$11.8B
| $12.7M | 0.01% |
70,065
-1,814
| -3% | -$329K |
|
|
COHR
805
DELISTED
Coherent Inc
COHR
| $12.7M | 0.01% |
46,429
-6,266
| -12% | -$1.71M |
|
806
Starwood Property Trust
STWD
$7.57B
| $12.7M | 0.01% |
524,606
-51,648
| -9% | -$1.25M |
|
807
Affirm
AFRM
$28.8B
| $12.7M | 0.01% |
+273,531
| New | +$12.7M |
|
808
Rayonier
RYN
$4.04B
| $12.6M | 0.01% |
322,608
-8,148
| -2% | -$319K |
|
809
HF Sinclair
DINO
$9.81B
| $12.6M | 0.01% |
316,649
-10,310
| -3% | -$411K |
|
810
Exponent
EXPO
$3.52B
| $12.6M | 0.01% |
116,613
| – | – |
|
811
Southern Copper
SCCO
$81.1B
| $12.6M | 0.01% |
174,171
-11,772
| -6% | -$851K |
|
812
SouthState Bank Corporation
SSB
$10.2B
| $12.5M | 0.01% |
153,695
-3,312
| -2% | -$270K |
|
|
SMAR
813
DELISTED
Smartsheet Inc.
SMAR
| $12.5M | 0.01% |
228,672
-7,134
| -3% | -$391K |
|
814
Acadia Healthcare
ACHC
$2.15B
| $12.5M | 0.01% |
190,518
-5,982
| -3% | -$392K |
|
815
Unum
UNM
$12.5B
| $12.4M | 0.01% |
392,047
-41,367
| -10% | -$1.3M |
|
816
SEI Investments
SEIC
$10.7B
| $12.3M | 0.01% |
204,695
-23,244
| -10% | -$1.4M |
|
817
nVent Electric
NVT
$14.7B
| $12.2M | 0.01% |
350,798
-11,450
| -3% | -$398K |
|
818
10x Genomics
TXG
$1.68B
| $12.2M | 0.01% |
160,300
-4,962
| -3% | -$377K |
|
819
Crane NXT
CXT
$3.49B
| $12.2M | 0.01% |
323,957
-10,678
| -3% | -$402K |
|
820
Cousins Properties
CUZ
$4.81B
| $12.2M | 0.01% |
301,854
-20,238
| -6% | -$815K |
|
|
CDK
821
DELISTED
CDK Global, Inc.
CDK
| $12.1M | 0.01% |
249,488
-11,321
| -4% | -$551K |
|
822
Hanover Insurance
THG
$6.41B
| $12.1M | 0.01% |
81,141
| – | – |
|
823
Globus Medical
GMED
$7.98B
| $12.1M | 0.01% |
164,202
-2,107
| -1% | -$155K |
|
824
Sonoco
SON
$4.51B
| $12.1M | 0.01% |
193,587
-6,617
| -3% | -$414K |
|
825
Primerica
PRI
$8.79B
| $12.1M | 0.01% |
88,418
-100
| -0.1% | -$13.7K |
|