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 | |
|---|---|---|---|---|---|---|
876
Natera
NTRA
$23.8B
| $9.62M | 0.01% |
153,613
-383
| -0.2% | -$24K |
|
877
Timken Company
TKR
$5.28B
| $9.6M | 0.01% |
119,757
-13,548
| -10% | -$1.09M |
|
878
Zions Bancorporation
ZION
$8.36B
| $9.57M | 0.01% |
218,093
-12,895
| -6% | -$566K |
|
879
Macy's
M
$4.57B
| $9.56M | 0.01% |
475,228
-7,494
| -2% | -$151K |
|
880
Radian Group
RDN
$4.71B
| $9.56M | 0.01% |
334,765
+7,725
| +2% | +$221K |
|
|
AZEK
881
DELISTED
The AZEK Co
AZEK
| $9.53M | 0.01% |
249,251
+10,690
| +4% | +$409K |
|
882
Bright Horizons
BFAM
$6.57B
| $9.5M | 0.01% |
100,765
-3,410
| -3% | -$321K |
|
883
FNB Corp
FNB
$5.9B
| $9.47M | 0.01% |
687,781
-34,507
| -5% | -$475K |
|
884
Asbury Automotive
ABG
$4.95B
| $9.44M | 0.01% |
41,969
| – | – |
|
885
Globus Medical
GMED
$7.99B
| $9.4M | 0.01% |
176,302
-31,733
| -15% | -$1.69M |
|
886
Vornado Realty Trust
VNO
$7.65B
| $9.38M | 0.01% |
332,015
-31,168
| -9% | -$880K |
|
887
KB Home
KBH
$4.46B
| $9.36M | 0.01% |
149,896
-11,338
| -7% | -$708K |
|
888
United Bankshares
UBSI
$5.37B
| $9.36M | 0.01% |
249,288
-9,388
| -4% | -$353K |
|
889
Kanzhun
BZ
$11B
| $9.33M | 0.01% |
561,834
-14,612
| -3% | -$243K |
|
890
Westlake Corp
WLK
$11B
| $9.32M | 0.01% |
66,606
+1,570
| +2% | +$220K |
|
891
TriNet
TNET
$3.32B
| $9.32M | 0.01% |
78,375
+5,824
| +8% | +$693K |
|
892
DT Midstream
DTM
$10.7B
| $9.29M | 0.01% |
169,579
-6,488
| -4% | -$356K |
|
893
Tenable Holdings
TENB
$3.72B
| $9.29M | 0.01% |
201,627
-7,609
| -4% | -$350K |
|
894
Euronet Worldwide
EEFT
$3.57B
| $9.27M | 0.01% |
91,368
+1,838
| +2% | +$187K |
|
895
Civitas Resources
CIVI
$3.08B
| $9.23M | 0.01% |
134,963
+3,671
| +3% | +$251K |
|
896
Kite Realty
KRG
$5.02B
| $9.22M | 0.01% |
403,259
-16,782
| -4% | -$384K |
|
897
Toast
TOST
$23.7B
| $9.16M | 0.01% |
501,887
-16,902
| -3% | -$309K |
|
898
Ciena
CIEN
$17B
| $9.14M | 0.01% |
202,974
-13,810
| -6% | -$622K |
|
899
Iridium Communications
IRDM
$2.08B
| $9.13M | 0.01% |
221,810
-18,433
| -8% | -$759K |
|
|
AZPN
900
DELISTED
Aspen Technology Inc
AZPN
| $9.1M | 0.01% |
41,353
| – | – |
|