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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
926
AXIS Capital
AXS
$7.65B
| $10.2M | 0.01% |
168,485
-6,883
| -4% | -$416K |
|
927
Medpace
MEDP
$13.7B
| $10.2M | 0.01% |
62,224
-2,869
| -4% | -$469K |
|
928
Iridium Communications
IRDM
$2.36B
| $10.2M | 0.01% |
252,425
-8,885
| -3% | -$358K |
|
929
OneMain Financial
OMF
$7.24B
| $10.1M | 0.01% |
213,923
-25,486
| -11% | -$1.21M |
|
|
VG
930
DELISTED
Vonage Holdings Corporation
VG
| $10.1M | 0.01% |
+499,052
| New | +$10.1M |
|
931
Dolby
DLB
$7.02B
| $10.1M | 0.01% |
129,203
-11,492
| -8% | -$899K |
|
932
Houlihan Lokey
HLI
$14B
| $10.1M | 0.01% |
115,003
-1,694
| -1% | -$149K |
|
933
MasTec
MTZ
$14B
| $10.1M | 0.01% |
115,732
-4,642
| -4% | -$404K |
|
934
Axalta
AXTA
$6.96B
| $10.1M | 0.01% |
409,937
-30,634
| -7% | -$753K |
|
935
ONE Gas
OGS
$4.48B
| $10.1M | 0.01% |
114,173
-2,321
| -2% | -$205K |
|
936
Hanesbrands
HBI
$2.27B
| $10.1M | 0.01% |
675,635
-65,339
| -9% | -$973K |
|
937
Varonis Systems
VRNS
$6.42B
| $10.1M | 0.01% |
211,541
-21,282
| -9% | -$1.01M |
|
938
Qualys
QLYS
$4.82B
| $10M | 0.01% |
70,447
-5,428
| -7% | -$773K |
|
|
MNDT
939
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $10M | 0.01% |
449,553
-30,451
| -6% | -$679K |
|
940
Semtech
SMTC
$5.24B
| $10M | 0.01% |
144,427
+178
| +0.1% | +$12.3K |
|
941
Integra LifeSciences
IART
$1.21B
| $10M | 0.01% |
155,656
+962
| +0.6% | +$61.8K |
|
942
ICU Medical
ICUI
$3.22B
| $10M | 0.01% |
44,918
-167
| -0.4% | -$37.2K |
|
943
ScottsMiracle-Gro
SMG
$3.62B
| $9.92M | 0.01% |
80,693
-9,538
| -11% | -$1.17M |
|
944
GATX Corp
GATX
$5.97B
| $9.88M | 0.01% |
80,103
| – | – |
|
945
Blackstone Mortgage Trust
BXMT
$3.43B
| $9.86M | 0.01% |
310,131
-2,832
| -0.9% | -$90K |
|
946
RLI Corp
RLI
$6.23B
| $9.86M | 0.01% |
178,232
| – | – |
|
|
BCPC
947
Balchem Corporation
BCPC
$5.21B
| $9.86M | 0.01% |
72,113
-439
| -0.6% | -$60K |
|
948
Ziff Davis
ZD
$1.58B
| $9.86M | 0.01% |
101,854
-1,713
| -2% | -$166K |
|
949
Enovis
ENOV
$1.8B
| $9.84M | 0.01% |
143,652
+3,546
| +3% | +$243K |
|
950
Hilton Grand Vacations
HGV
$4.14B
| $9.83M | 0.01% |
188,920
| – | – |
|