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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
926
SL Green Realty
SLG
$4.48B
| $11.7M | 0.01% |
190,972
+5,953
| +3% | +$365K |
|
927
SLM Corp
SLM
$6.04B
| $11.7M | 0.01% |
943,533
+75,961
| +9% | +$941K |
|
928
Advanced Drainage Systems
WMS
$11.4B
| $11.7M | 0.01% |
139,612
+11,793
| +9% | +$986K |
|
|
NVTA
929
DELISTED
Invitae Corporation
NVTA
| $11.7M | 0.01% |
278,860
+38,660
| +16% | +$1.62M |
|
|
SAIL
930
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $11.7M | 0.01% |
218,827
+17,861
| +9% | +$951K |
|
931
Integra LifeSciences
IART
$1.2B
| $11.6M | 0.01% |
179,330
+16,372
| +10% | +$1.06M |
|
932
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$3.52B
| $11.6M | 0.01% |
183,467
+17,171
| +10% | +$1.09M |
|
933
LiveRamp
RAMP
$1.77B
| $11.6M | 0.01% |
158,410
+12,144
| +8% | +$889K |
|
934
STAG Industrial
STAG
$6.82B
| $11.6M | 0.01% |
368,909
+28,103
| +8% | +$880K |
|
935
KBR
KBR
$6.37B
| $11.5M | 0.01% |
373,049
+44,148
| +13% | +$1.37M |
|
936
Pacific Biosciences
PACB
$372M
| $11.5M | 0.01% |
444,345
+66,702
| +18% | +$1.73M |
|
937
Semtech
SMTC
$5.2B
| $11.5M | 0.01% |
159,788
+12,005
| +8% | +$865K |
|
938
Fiverr
FVRR
$873M
| $11.5M | 0.01% |
58,940
-362
| -0.6% | -$70.6K |
|
939
MGIC Investment
MTG
$6.66B
| $11.5M | 0.01% |
914,937
+81,317
| +10% | +$1.02M |
|
940
Exponent
EXPO
$3.58B
| $11.5M | 0.01% |
127,487
+9,838
| +8% | +$886K |
|
941
Ares Management
ARES
$40.4B
| $11.4M | 0.01% |
242,842
+17,692
| +8% | +$832K |
|
942
Ashland
ASH
$2.5B
| $11.4M | 0.01% |
143,495
+15,121
| +12% | +$1.2M |
|
943
JetBlue
JBLU
$1.89B
| $11.3M | 0.01% |
780,377
+118,751
| +18% | +$1.73M |
|
944
Herbalife
HLF
$961M
| $11.3M | 0.01% |
236,051
+27,699
| +13% | +$1.33M |
|
945
Liberty Global Class A
LBTYA
$4.03B
| $11.3M | 0.01% |
468,241
+43,745
| +10% | +$1.06M |
|
946
Alcoa
AA
$8.34B
| $11.3M | 0.01% |
490,307
+46,960
| +11% | +$1.08M |
|
947
Acuity Brands
AYI
$10.4B
| $11.3M | 0.01% |
93,164
+1,600
| +2% | +$194K |
|
948
Graphic Packaging
GPK
$6.23B
| $11.3M | 0.01% |
664,875
-1,345
| -0.2% | -$22.8K |
|
|
SAGE
949
DELISTED
Sage Therapeutics
SAGE
| $11.2M | 0.01% |
129,918
+22,618
| +21% | +$1.96M |
|
|
ARNA
950
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $11.2M | 0.01% |
145,962
+13,379
| +10% | +$1.03M |
|