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 | |
|---|---|---|---|---|---|---|
|
BPY
926
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $8.08M | 0.01% |
817,149
+15,137
| +2% | +$150K |
|
|
BLUE
927
DELISTED
bluebird bio
BLUE
| $8.03M | 0.01% |
10,160
+1,444
| +17% | +$1.14M |
|
928
Emcor
EME
$28.4B
| $8.02M | 0.01% |
121,199
-4,998
| -4% | -$331K |
|
|
MGP
929
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $8.01M | 0.01% |
294,451
+39,463
| +15% | +$1.07M |
|
|
JBGS
930
JBG SMITH
JBGS
$1.45B
| $8.01M | 0.01% |
270,921
-2,473
| -0.9% | -$73.1K |
|
931
Valvoline
VVV
$5.11B
| $8.01M | 0.01% |
414,237
-9,578
| -2% | -$185K |
|
|
ENV
932
DELISTED
ENVESTNET, INC.
ENV
| $7.99M | 0.01% |
108,601
+1,111
| +1% | +$81.7K |
|
933
Cloudflare
NET
$77.3B
| $7.98M | 0.01% |
222,000
-67,961
| -23% | -$2.44M |
|
|
DOC
934
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $7.96M | 0.01% |
454,187
+32,203
| +8% | +$564K |
|
935
Black Hills Corp
BKH
$4.32B
| $7.95M | 0.01% |
140,308
+2,337
| +2% | +$132K |
|
936
Affiliated Managers Group
AMG
$6.76B
| $7.95M | 0.01% |
106,596
-5,339
| -5% | -$398K |
|
|
FTCH
937
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $7.95M | 0.01% |
460,200
+203,500
| +79% | +$3.51M |
|
938
Globus Medical
GMED
$7.95B
| $7.94M | 0.01% |
166,418
-4,028
| -2% | -$192K |
|
939
Emergent Biosolutions
EBS
$440M
| $7.94M | 0.01% |
100,347
-2,388
| -2% | -$189K |
|
940
Terreno Realty
TRNO
$6.05B
| $7.89M | 0.01% |
149,911
+705
| +0.5% | +$37.1K |
|
941
Qualys
QLYS
$4.84B
| $7.87M | 0.01% |
75,691
+209
| +0.3% | +$21.7K |
|
|
ARNA
942
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $7.87M | 0.01% |
125,048
+10,353
| +9% | +$652K |
|
943
Unum
UNM
$12.8B
| $7.85M | 0.01% |
473,269
+3,492
| +0.7% | +$57.9K |
|
944
Carter's
CRI
$1.08B
| $7.85M | 0.01% |
97,283
-2,773
| -3% | -$224K |
|
945
National Fuel Gas
NFG
$7.98B
| $7.84M | 0.01% |
187,017
-700
| -0.4% | -$29.4K |
|
946
Agree Realty
ADC
$8.13B
| $7.83M | 0.01% |
119,078
+25,408
| +27% | +$1.67M |
|
947
Power Integrations
POWI
$2.48B
| $7.82M | 0.01% |
132,328
+4,716
| +4% | +$279K |
|
948
Amicus Therapeutics
FOLD
$2.47B
| $7.79M | 0.01% |
516,331
-5,269
| -1% | -$79.5K |
|
949
AGCO
AGCO
$8.13B
| $7.75M | 0.01% |
139,721
-3,072
| -2% | -$170K |
|
950
Natera
NTRA
$23.2B
| $7.75M | 0.01% |
155,336
+15,974
| +11% | +$796K |
|