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 |
NVIDIA
NVDA
|
+$894M |
| 2 |
UnitedHealth
UNH
|
+$430M |
| 3 |
Intel
INTC
|
+$409M |
| 4 |
Amazon
AMZN
|
+$352M |
| 5 |
Broadcom
AVGO
|
+$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$415M |
| 2 |
Microsoft
MSFT
|
+$275M |
| 3 |
VMW
VMware, Inc
VMW
|
+$221M |
| 4 |
JPMorgan Chase
JPM
|
+$146M |
| 5 |
Verizon
VZ
|
+$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
851
Franklin Electric
FELE
$4.2B
| $10.2M | 0.01% |
105,561
-943
| -0.9% | -$91.1K |
|
852
Sensata Technologies
ST
$4.59B
| $10.2M | 0.01% |
270,406
-16,197
| -6% | -$609K |
|
853
Polaris
PII
$3.29B
| $10.1M | 0.01% |
106,941
-1,508
| -1% | -$143K |
|
854
MSC Industrial Direct
MSM
$5.1B
| $10.1M | 0.01% |
99,956
+1,484
| +2% | +$150K |
|
855
ESAB
ESAB
$6.9B
| $10.1M | 0.01% |
116,710
| – | – |
|
856
VF Corp
VFC
$5.85B
| $10.1M | 0.01% |
535,911
+143
| +0% | +$2.69K |
|
|
SWAV
857
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $10.1M | 0.01% |
52,821
-1,738
| -3% | -$331K |
|
858
Valmont Industries
VMI
$7.45B
| $10.1M | 0.01% |
43,067
-2,654
| -6% | -$620K |
|
859
Flowserve
FLS
$7.35B
| $10.1M | 0.01% |
243,962
-12,051
| -5% | -$497K |
|
860
Mohawk Industries
MHK
$8.41B
| $10M | 0.01% |
96,968
-7,401
| -7% | -$766K |
|
861
On Holding
ONON
$14B
| $10M | 0.01% |
371,308
-26,444
| -7% | -$713K |
|
862
Sealed Air
SEE
$4.83B
| $10M | 0.01% |
274,109
+3,370
| +1% | +$123K |
|
863
Tencent Music
TME
$39.2B
| $10M | 0.01% |
1,110,311
-27,485
| -2% | -$248K |
|
864
Rithm Capital
RITM
$6.63B
| $9.99M | 0.01% |
935,136
-40,890
| -4% | -$437K |
|
865
Maximus
MMS
$4.94B
| $9.91M | 0.01% |
118,154
-7,636
| -6% | -$640K |
|
866
TAL Education Group
TAL
$6.37B
| $9.87M | 0.01% |
781,117
-20,171
| -3% | -$255K |
|
867
FIVE9
FIVN
$1.95B
| $9.86M | 0.01% |
125,308
-3,107
| -2% | -$244K |
|
868
Rayonier
RYN
$4.04B
| $9.79M | 0.01% |
308,026
-10,244
| -3% | -$326K |
|
869
Cadence Bank
CADE
$6.94B
| $9.76M | 0.01% |
329,885
-33,584
| -9% | -$994K |
|
870
Capri Holdings
CPRI
$2.54B
| $9.74M | 0.01% |
193,784
-14,390
| -7% | -$723K |
|
871
Procore
PCOR
$10.3B
| $9.7M | 0.01% |
140,164
+838
| +0.6% | +$58K |
|
872
StoneCo
STNE
$4.71B
| $9.7M | 0.01% |
538,105
-36,357
| -6% | -$656K |
|
873
HealthEquity
HQY
$7.88B
| $9.67M | 0.01% |
145,902
-4,446
| -3% | -$295K |
|
874
PBF Energy
PBF
$3.26B
| $9.66M | 0.01% |
219,773
-10,759
| -5% | -$473K |
|
875
Element Solutions
ESI
$6.24B
| $9.63M | 0.01% |
416,029
-20,406
| -5% | -$472K |
|