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 | |
|---|---|---|---|---|---|---|
|
NBIS
851
Nebius Group N.V. Class A Ordinary Shares
NBIS
$22.8B
| $11.5M | 0.01% |
608,396
-18,352
| -3% | -$348K |
|
852
Eagle Materials
EXP
$7.42B
| $11.5M | 0.01% |
89,718
-4,475
| -5% | -$574K |
|
853
Valvoline
VVV
$5.05B
| $11.5M | 0.01% |
364,019
-22,990
| -6% | -$726K |
|
854
RH
RH
$4.36B
| $11.5M | 0.01% |
35,141
-2,309
| -6% | -$753K |
|
855
SLM Corp
SLM
$6.22B
| $11.4M | 0.01% |
621,810
-57,166
| -8% | -$1.05M |
|
856
PVH
PVH
$3.96B
| $11.4M | 0.01% |
148,833
-6,726
| -4% | -$515K |
|
|
PACW
857
DELISTED
PacWest Bancorp
PACW
| $11.4M | 0.01% |
264,285
| – | – |
|
858
Halozyme
HALO
$8.9B
| $11.4M | 0.01% |
285,769
-23,835
| -8% | -$951K |
|
859
Ralph Lauren
RL
$18.8B
| $11.4M | 0.01% |
100,447
-4,162
| -4% | -$472K |
|
860
Innovative Industrial Properties
IIPR
$1.59B
| $11.4M | 0.01% |
55,265
+2,140
| +4% | +$440K |
|
|
SRC
861
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $11.3M | 0.01% |
246,067
-8,683
| -3% | -$400K |
|
862
Portland General Electric
POR
$4.64B
| $11.3M | 0.01% |
205,072
-7,667
| -4% | -$423K |
|
863
Valmont Industries
VMI
$7.34B
| $11.3M | 0.01% |
47,374
-560
| -1% | -$134K |
|
864
Glacier Bancorp
GBCI
$5.75B
| $11.3M | 0.01% |
224,110
+7,283
| +3% | +$366K |
|
865
Novavax
NVAX
$1.29B
| $11.3M | 0.01% |
152,998
-12,395
| -7% | -$913K |
|
866
Guardant Health
GH
$7.41B
| $11.3M | 0.01% |
169,993
-5,652
| -3% | -$374K |
|
867
Sunrun
RUN
$3.7B
| $11.3M | 0.01% |
370,538
-19,930
| -5% | -$605K |
|
868
Douglas Emmett
DEI
$2.7B
| $11.2M | 0.01% |
334,502
-27,550
| -8% | -$921K |
|
869
Skechers
SKX
$9.51B
| $11.1M | 0.01% |
272,895
-7,054
| -3% | -$288K |
|
870
Rithm Capital
RITM
$6.64B
| $11.1M | 0.01% |
1,012,805
+66,560
| +7% | +$731K |
|
871
Teradata
TDC
$1.99B
| $11.1M | 0.01% |
225,601
-12,185
| -5% | -$601K |
|
872
Hexcel
HXL
$5B
| $11.1M | 0.01% |
186,918
+400
| +0.2% | +$23.8K |
|
873
Saic
SAIC
$4.73B
| $11.1M | 0.01% |
120,539
-1,834
| -1% | -$169K |
|
874
Workiva
WK
$4.32B
| $11.1M | 0.01% |
94,021
-247
| -0.3% | -$29.1K |
|
875
Novanta
NOVT
$4.14B
| $11.1M | 0.01% |
77,938
| – | – |
|