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 |
Gilead Sciences
GILD
|
+$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$408M |
| 4 |
Adobe
ADBE
|
+$333M |
| 5 |
T-Mobile US
TMUS
|
+$205M |
Top Sells
| 1 |
Apple
AAPL
|
+$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$146M |
| 3 |
Sysco
SYY
|
+$144M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
851
Essent Group
ESNT
$6.32B
| $9.09M | 0.01% |
250,729
+30,990
| +14% | +$1.12M |
|
852
Littelfuse
LFUS
$6.53B
| $9.07M | 0.01% |
53,166
-310
| -0.6% | -$52.9K |
|
853
Neogen
NEOG
$1.19B
| $9.06M | 0.01% |
233,546
+1,272
| +0.5% | +$49.4K |
|
854
Liberty Global Class A
LBTYA
$4.04B
| $9.06M | 0.01% |
414,461
+2,638
| +0.6% | +$57.7K |
|
|
CCMP
855
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $9.04M | 0.01% |
64,790
-428
| -0.7% | -$59.7K |
|
856
AerCap
AER
$22B
| $9.03M | 0.01% |
293,315
+25,294
| +9% | +$779K |
|
857
Ultragenyx Pharmaceutical
RARE
$2.96B
| $8.98M | 0.01% |
114,800
-6,813
| -6% | -$533K |
|
858
ONE Gas
OGS
$4.56B
| $8.94M | 0.01% |
115,994
-434
| -0.4% | -$33.4K |
|
|
RDFN
859
DELISTED
Redfin
RDFN
| $8.93M | 0.01% |
213,009
+13,649
| +7% | +$572K |
|
860
Pegasystems
PEGA
$9.88B
| $8.92M | 0.01% |
176,294
+4,702
| +3% | +$238K |
|
861
XP
XP
$9.92B
| $8.91M | 0.01% |
211,967
+198,204
| +1,440% | +$8.33M |
|
862
Darling Ingredients
DAR
$5B
| $8.9M | 0.01% |
361,336
-4,351
| -1% | -$107K |
|
|
NVRO
863
DELISTED
NEVRO CORP.
NVRO
| $8.87M | 0.01% |
74,232
+7,576
| +11% | +$905K |
|
|
HR
864
DELISTED
Healthcare Realty Trust Incorporated
HR
| $8.85M | 0.01% |
302,150
+6,291
| +2% | +$184K |
|
865
Brixmor Property Group
BRX
$8.53B
| $8.84M | 0.01% |
689,468
-6,199
| -0.9% | -$79.5K |
|
|
WMGI
866
DELISTED
Wright Medical Group Inc
WMGI
| $8.84M | 0.01% |
297,367
+24,267
| +9% | +$721K |
|
867
Mercury Systems
MRCY
$4.36B
| $8.83M | 0.01% |
112,234
-9,909
| -8% | -$779K |
|
868
Wendy's
WEN
$1.86B
| $8.77M | 0.01% |
402,859
-17,071
| -4% | -$372K |
|
|
MNTA
869
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $8.74M | 0.01% |
262,751
+39,193
| +18% | +$1.3M |
|
870
Hawaiian Electric Industries
HE
$2.09B
| $8.73M | 0.01% |
242,185
-5,972
| -2% | -$215K |
|
871
Ares Management
ARES
$40.2B
| $8.72M | 0.01% |
219,550
+58,480
| +36% | +$2.32M |
|
872
Hanover Insurance
THG
$6.46B
| $8.7M | 0.01% |
85,871
-2,759
| -3% | -$280K |
|
873
Wyndham Hotels & Resorts
WH
$6.6B
| $8.7M | 0.01% |
204,086
-2,478
| -1% | -$106K |
|
874
Inovio Pharmaceuticals
INO
$135M
| $8.69M | 0.01% |
26,870
+12,173
| +83% | +$3.94M |
|
875
Highwoods Properties
HIW
$3.48B
| $8.64M | 0.01% |
231,509
+272
| +0.1% | +$10.2K |
|