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 | |
|---|---|---|---|---|---|---|
901
Boise Cascade
BCC
$3.21B
| $9.37M | 0.01% |
61,098
+4,618
| +8% | +$708K |
|
902
Asbury Automotive
ABG
$4.86B
| $9.36M | 0.01% |
39,693
-2,276
| -5% | -$537K |
|
903
Lyft
LYFT
$7.87B
| $9.34M | 0.01% |
482,818
-17,084
| -3% | -$331K |
|
904
UGI
UGI
$7.38B
| $9.29M | 0.01% |
378,422
+17,659
| +5% | +$433K |
|
905
Lincoln National
LNC
$7.88B
| $9.28M | 0.01% |
290,721
+61,897
| +27% | +$1.98M |
|
906
Rayonier
RYN
$4.04B
| $9.27M | 0.01% |
292,979
-15,047
| -5% | -$476K |
|
|
AEL
907
DELISTED
American Equity Investment Life Holding Company
AEL
| $9.25M | 0.01% |
164,461
+4,703
| +3% | +$264K |
|
908
Duolingo
DUOL
$13.1B
| $9.24M | 0.01% |
+41,908
| New | +$9.24M |
|
909
Ollie's Bargain Outlet
OLLI
$7.95B
| $9.22M | 0.01% |
115,814
-3,777
| -3% | -$301K |
|
910
Varonis Systems
VRNS
$6.31B
| $9.22M | 0.01% |
195,361
+4,445
| +2% | +$210K |
|
911
Vornado Realty Trust
VNO
$7.77B
| $9.21M | 0.01% |
320,216
-11,799
| -4% | -$339K |
|
912
Cytokinetics
CYTK
$6.22B
| $9.19M | 0.01% |
131,141
-4,580
| -3% | -$321K |
|
913
Corebridge Financial
CRBG
$17.9B
| $9.19M | 0.01% |
+319,905
| New | +$9.19M |
|
|
ITCI
914
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $9.18M | 0.01% |
132,703
-27,673
| -17% | -$1.91M |
|
915
SLM Corp
SLM
$6.01B
| $9.15M | 0.01% |
419,723
-4,292
| -1% | -$93.5K |
|
916
EXL Service
EXLS
$6.9B
| $9.13M | 0.01% |
286,967
+12,351
| +4% | +$393K |
|
917
National Fuel Gas
NFG
$7.87B
| $9.11M | 0.01% |
169,599
-7,960
| -4% | -$428K |
|
918
American Eagle Outfitters
AEO
$3.34B
| $9.09M | 0.01% |
352,474
+24,143
| +7% | +$623K |
|
919
Cabot Corp
CBT
$4.21B
| $9.09M | 0.01% |
98,558
+1,846
| +2% | +$170K |
|
|
SUM
920
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $9.07M | 0.01% |
203,534
-19,567
| -9% | -$872K |
|
921
MDU Resources
MDU
$3.36B
| $9.05M | 0.01% |
648,293
-7,301
| -1% | -$102K |
|
922
Masimo
MASI
$7.92B
| $9.05M | 0.01% |
61,615
-15,843
| -20% | -$2.33M |
|
923
StoneCo
STNE
$4.71B
| $9.05M | 0.01% |
544,647
+6,542
| +1% | +$109K |
|
924
Noble Corp
NE
$4.82B
| $9.04M | 0.01% |
186,436
-1,986
| -1% | -$96.3K |
|
925
Boyd Gaming
BYD
$6.84B
| $9.03M | 0.01% |
134,208
-6,789
| -5% | -$457K |
|