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
|
$2.23B |
| 2 |
JPHY
JPMorgan Active High Yield ETF
JPHY
|
$2.02B |
| 3 |
Microsoft
MSFT
|
$1.33B |
| 4 |
NVIDIA
NVDA
|
$985M |
| 5 |
Amazon
AMZN
|
$539M |
Top Sells
| 1 |
Broadcom
AVGO
|
$506M |
| 2 |
Texas Instruments
TXN
|
$293M |
| 3 |
McDonald's
MCD
|
$286M |
| 4 |
Home Depot
HD
|
$264M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$247M |
Sector Composition
| 1 | Technology | 31.86% |
| 2 | Financials | 11.82% |
| 3 | Healthcare | 8.87% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1001
EnerSys
ENS
$3.85B
| $6.14M | ﹤0.01% | 71,536 +2,332 | +3% | +$200K |
|
1002
Viper Energy
VNOM
$6.72B
| $6.13M | ﹤0.01% | 160,761 +87,306 | +119% | +$3.33M |
|
1003
Texas Capital Bancshares
TCBI
$3.96B
| $6.1M | ﹤0.01% | 76,865 -396 | -0.5% | -$31.4K |
|
1004
Highwoods Properties
HIW
$3.41B
| $6.08M | ﹤0.01% | 195,643 +13,029 | +7% | +$405K |
|
1005
ServisFirst Bancshares
SFBS
$4.81B
| $6.04M | ﹤0.01% | 77,865 +6,288 | +9% | +$487K |
|
1006
Power Integrations
POWI
$2.53B
| $5.97M | ﹤0.01% | 106,768 +2,559 | +2% | +$143K |
|
1007
Envista
NVST
$3.52B
| $5.89M | ﹤0.01% | 301,453 +8,763 | +3% | +$171K |
|
1008
Iridium Communications
IRDM
$2.64B
| $5.88M | ﹤0.01% | 195,045 +1,932 | +1% | +$58.3K |
|
1009
Broadstone Net Lease
BNL
$3.52B
| $5.84M | ﹤0.01% | 364,055 +45,145 | +14% | +$725K |
|
1010
KB Home
KBH
$4.32B
| $5.81M | ﹤0.01% | 109,775 -21,524 | -16% | -$1.14M |
|
1011
Knife River
KNF
$4.59B
| $5.78M | ﹤0.01% | 70,789 -19,345 | -21% | -$1.58M |
|
|
MRP
1012
Millrose Properties, Inc.
MRP
$5.86B
| $5.77M | ﹤0.01% | 202,284 +14,390 | +8% | +$410K |
|
|
UCB
1013
United Community Banks, Inc.
UCB
$4.06B
| $5.74M | ﹤0.01% | 192,561 +12,329 | +7% | +$367K |
|
1014
Noble Corp
NE
$4.58B
| $5.66M | ﹤0.01% | 213,102 +13,490 | +7% | +$358K |
|
1015
Champion Homes, Inc.
SKY
$4.26B
| $5.64M | ﹤0.01% | 90,121 +5,758 | +7% | +$361K |
|
1016
Workiva
WK
$4.61B
| $5.63M | ﹤0.01% | 82,197 +342 | +0.4% | +$23.4K |
|
1017
Boise Cascade
BCC
$3.25B
| $5.61M | ﹤0.01% | 64,629 +77 | +0.1% | +$6.69K |
|
1018
WD-40
WDFC
$2.92B
| $5.6M | ﹤0.01% | 24,551 +14 | +0.1% | +$3.19K |
|
1019
Unifirst Corp
UNF
$3.3B
| $5.52M | ﹤0.01% | 29,302 +32 | +0.1% | +$6.02K |
|
1020
Resideo Technologies
REZI
$5.07B
| $5.49M | ﹤0.01% | 248,936 +28,552 | +13% | +$630K |
|
1021
First Hawaiian
FHB
$3.23B
| $5.49M | ﹤0.01% | 219,943 +8,926 | +4% | +$223K |
|
1022
Choice Hotels
CHH
$5.53B
| $5.45M | ﹤0.01% | 42,935 -2,469 | -5% | -$313K |
|
1023
PotlatchDeltic
PCH
$3.25B
| $5.43M | ﹤0.01% | 141,559 +928 | +0.7% | +$35.6K |
|
1024
Murphy Oil
MUR
$3.55B
| $5.41M | ﹤0.01% | 240,476 +275 | +0.1% | +$6.19K |
|
|
AMTM
1025
Amentum Holdings, Inc.
AMTM
$6.07B
| $5.4M | ﹤0.01% | 228,921 +41,073 | +22% | +$970K |
|