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 |
Meta Platforms (Facebook)
META
|
+$234M |
| 2 |
NVIDIA
NVDA
|
+$197M |
| 3 |
Costco
COST
|
+$174M |
| 4 |
Home Depot
HD
|
+$157M |
| 5 |
Airbnb
ABNB
|
+$137M |
Top Sells
| 1 |
Amazon
AMZN
|
+$432M |
| 2 |
Microsoft
MSFT
|
+$271M |
| 3 |
Merck
MRK
|
+$261M |
| 4 |
Walt Disney
DIS
|
+$232M |
| 5 |
Texas Instruments
TXN
|
+$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
801
Cullen/Frost Bankers
CFR
$8.11B
| $12.4M | 0.01% |
110,311
+621
| +0.6% | +$69.9K |
|
802
Ciena
CIEN
$18.4B
| $12.4M | 0.01% |
250,933
+47,959
| +24% | +$2.37M |
|
803
Commercial Metals
CMC
$6.53B
| $12.3M | 0.01% |
209,434
-13,547
| -6% | -$796K |
|
804
Permian Resources
PR
$9.99B
| $12.3M | 0.01% |
+694,403
| New | +$12.3M |
|
805
Murphy Oil
MUR
$3.72B
| $12.2M | 0.01% |
267,632
-6,899
| -3% | -$315K |
|
806
First Industrial Realty Trust
FR
$6.77B
| $12.2M | 0.01% |
232,705
-11,387
| -5% | -$598K |
|
807
Affiliated Managers Group
AMG
$6.6B
| $12.2M | 0.01% |
72,883
-3,274
| -4% | -$548K |
|
808
Wyndham Hotels & Resorts
WH
$6.43B
| $12.2M | 0.01% |
159,013
+1,014
| +0.6% | +$77.8K |
|
809
SoFi Technologies
SOFI
$30.6B
| $12.2M | 0.01% |
1,668,284
+376,254
| +29% | +$2.75M |
|
810
PBF Energy
PBF
$3.26B
| $12.2M | 0.01% |
211,381
-8,392
| -4% | -$483K |
|
811
Mattel
MAT
$5.78B
| $12.2M | 0.01% |
614,078
+4,490
| +0.7% | +$88.9K |
|
812
HealthEquity
HQY
$7.88B
| $12M | 0.01% |
147,147
+1,245
| +0.9% | +$102K |
|
813
Tencent Music
TME
$39.2B
| $12M | 0.01% |
1,072,944
-37,367
| -3% | -$418K |
|
814
STAG Industrial
STAG
$6.68B
| $12M | 0.01% |
311,670
-11,214
| -3% | -$431K |
|
815
Lithia Motors
LAD
$8.64B
| $11.9M | 0.01% |
39,707
-7,500
| -16% | -$2.26M |
|
816
SEI Investments
SEIC
$10.7B
| $11.9M | 0.01% |
165,652
-7,920
| -5% | -$569K |
|
817
Commerce Bancshares
CBSH
$8B
| $11.9M | 0.01% |
234,854
-3,609
| -2% | -$183K |
|
818
Meritage Homes
MTH
$5.59B
| $11.9M | 0.01% |
135,348
-11,990
| -8% | -$1.05M |
|
819
Pinnacle Financial Partners
PNFP
$7.58B
| $11.8M | 0.01% |
137,132
-6,362
| -4% | -$546K |
|
820
Rambus
RMBS
$8.3B
| $11.7M | 0.01% |
189,787
-23,533
| -11% | -$1.45M |
|
821
Zillow
Z
$20.8B
| $11.7M | 0.01% |
239,967
-10,665
| -4% | -$520K |
|
822
MarketAxess Holdings
MKTX
$6.9B
| $11.7M | 0.01% |
53,349
-15,594
| -23% | -$3.42M |
|
823
Fabrinet
FN
$13.3B
| $11.7M | 0.01% |
61,814
+1,539
| +3% | +$291K |
|
824
Nexstar Media Group
NXST
$5.98B
| $11.5M | 0.01% |
66,809
-5,690
| -8% | -$980K |
|
825
Bright Horizons
BFAM
$6.36B
| $11.4M | 0.01% |
100,765
| – | – |
|