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 |
Vanguard S&P 500 ETF
VOO
|
+$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$506M |
| 4 |
Cisco
CSCO
|
+$402M |
| 5 |
O'Reilly Automotive
ORLY
|
+$178M |
Top Sells
| 1 |
Coca-Cola
KO
|
+$247M |
| 2 |
Apple
AAPL
|
+$220M |
| 3 |
Medtronic
MDT
|
+$192M |
| 4 |
American Tower
AMT
|
+$186M |
| 5 |
L3Harris
LHX
|
+$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
951
Unum
UNM
$12.6B
| $10.6M | 0.01% |
433,414
-23,714
| -5% | -$583K |
|
|
CHNG
952
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $10.6M | 0.01% |
497,711
-47,936
| -9% | -$1.02M |
|
953
Hanover Insurance
THG
$6.36B
| $10.6M | 0.01% |
81,141
| – | – |
|
954
Air Lease Corp
AL
$7.12B
| $10.6M | 0.01% |
240,381
-4,797
| -2% | -$212K |
|
955
SL Green Realty
SLG
$4.32B
| $10.6M | 0.01% |
143,050
-17,008
| -11% | -$1.26M |
|
956
Maximus
MMS
$4.98B
| $10.6M | 0.01% |
132,532
-7,262
| -5% | -$579K |
|
957
QuantumScape
QS
$5.37B
| $10.5M | 0.01% |
474,521
+42,747
| +10% | +$949K |
|
958
Premier
PINC
$2.24B
| $10.5M | 0.01% |
255,264
-14,808
| -5% | -$610K |
|
959
QuidelOrtho
QDEL
$1.93B
| $10.5M | 0.01% |
77,529
-5,896
| -7% | -$796K |
|
960
UMB Financial
UMBF
$9.54B
| $10.5M | 0.01% |
98,622
+220
| +0.2% | +$23.3K |
|
|
STL
961
DELISTED
Sterling Bancorp
STL
| $10.5M | 0.01% |
405,710
-35,191
| -8% | -$908K |
|
962
Essent Group
ESNT
$6.29B
| $10.4M | 0.01% |
229,270
-19,166
| -8% | -$873K |
|
963
Qualys
QLYS
$4.88B
| $10.4M | 0.01% |
75,875
-2,370
| -3% | -$325K |
|
964
Strategy Inc Common Stock Class A
MSTR
$93.5B
| $10.4M | 0.01% |
190,570
+11,830
| +7% | +$644K |
|
965
Integra LifeSciences
IART
$1.22B
| $10.4M | 0.01% |
154,694
-8,767
| -5% | -$587K |
|
966
Digital Turbine
APPS
$473M
| $10.3M | 0.01% |
169,641
-29,680
| -15% | -$1.81M |
|
967
Highwoods Properties
HIW
$3.45B
| $10.3M | 0.01% |
231,320
-10,103
| -4% | -$451K |
|
968
Adient
ADNT
$1.99B
| $10.3M | 0.01% |
214,154
-1,390
| -0.6% | -$66.6K |
|
|
ARNA
969
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $10.3M | 0.01% |
110,327
-15,573
| -12% | -$1.45M |
|
970
PagSeguro Digital
PAGS
$2.78B
| $10.2M | 0.01% |
390,737
-6,730
| -2% | -$176K |
|
971
Saic
SAIC
$4.72B
| $10.2M | 0.01% |
122,373
-7,380
| -6% | -$617K |
|
972
United Bankshares
UBSI
$5.41B
| $10.2M | 0.01% |
281,447
+3,262
| +1% | +$118K |
|
973
CRISPR Therapeutics
CRSP
$4.92B
| $10.1M | 0.01% |
133,771
-4,562
| -3% | -$346K |
|
974
Rithm Capital
RITM
$6.63B
| $10.1M | 0.01% |
946,245
-49,462
| -5% | -$530K |
|
975
The Ensign Group
ENSG
$10B
| $10.1M | 0.01% |
120,526
+85
| +0.1% | +$7.14K |
|