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 |
Netflix
NFLX
|
+$376M |
| 2 |
Charter Communications
CHTR
|
+$360M |
| 3 |
Costco
COST
|
+$202M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$185M |
| 5 |
Microsoft
MSFT
|
+$158M |
Top Sells
| 1 |
Coca-Cola
KO
|
+$211M |
| 2 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
+$174M |
| 3 |
Labcorp
LH
|
+$151M |
| 4 |
Stryker
SYK
|
+$128M |
| 5 |
Mid-America Apartment Communities
MAA
|
+$115M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Virgin Galactic
SPCE
$187M
| $10M | 0.01% |
19,824
+3,803
| +24% | +$1.92M |
|
1002
Tilray
TLRY
$1.23B
| $10M | 0.01% |
+887,366
| New | +$10M |
|
1003
Agree Realty
ADC
$8.04B
| $10M | 0.01% |
151,136
+11,211
| +8% | +$743K |
|
1004
Neogen
NEOG
$1.23B
| $10M | 0.01% |
230,483
+15,515
| +7% | +$674K |
|
1005
Hawaiian Electric Industries
HE
$2.05B
| $10M | 0.01% |
244,828
+1,724
| +0.7% | +$70.4K |
|
1006
Radian Group
RDN
$4.77B
| $9.99M | 0.01% |
439,869
-21,773
| -5% | -$495K |
|
|
EXE
1007
Expand Energy Corporation Common Stock
EXE
$22.5B
| $9.96M | 0.01% |
+161,666
| New | +$9.96M |
|
1008
DT Midstream
DTM
$10.6B
| $9.95M | 0.01% |
+215,079
| New | +$9.95M |
|
1009
Choice Hotels
CHH
$5.31B
| $9.91M | 0.01% |
78,396
-547
| -0.7% | -$69.1K |
|
|
JBTM
1010
JBT Marel Corporation
JBTM
$7.37B
| $9.84M | 0.01% |
69,981
-96
| -0.1% | -$13.5K |
|
1011
Terreno Realty
TRNO
$6.07B
| $9.74M | 0.01% |
154,080
+1,639
| +1% | +$104K |
|
1012
Carter's
CRI
$1.05B
| $9.72M | 0.01% |
99,915
-3,402
| -3% | -$331K |
|
|
ENV
1013
DELISTED
ENVESTNET, INC.
ENV
| $9.71M | 0.01% |
121,031
+786
| +0.7% | +$63.1K |
|
1014
JetBlue
JBLU
$1.88B
| $9.71M | 0.01% |
635,113
-5,786
| -0.9% | -$88.5K |
|
1015
Victoria's Secret
VSCO
$2.05B
| $9.68M | 0.01% |
+175,208
| New | +$9.68M |
|
1016
Foot Locker
FL
$2.29B
| $9.68M | 0.01% |
211,941
-4,687
| -2% | -$214K |
|
1017
Beam Therapeutics
BEAM
$2.02B
| $9.68M | 0.01% |
111,199
+5,813
| +6% | +$506K |
|
1018
Ionis Pharmaceuticals
IONS
$9.72B
| $9.66M | 0.01% |
288,128
-32,552
| -10% | -$1.09M |
|
1019
Air Lease Corp
AL
$7.12B
| $9.65M | 0.01% |
245,178
-2,988
| -1% | -$118K |
|
|
HR
1020
DELISTED
Healthcare Realty Trust Incorporated
HR
| $9.6M | 0.01% |
322,385
+2,778
| +0.9% | +$82.7K |
|
1021
Timken Company
TKR
$5.37B
| $9.55M | 0.01% |
146,009
-768
| -0.5% | -$50.2K |
|
1022
UMB Financial
UMBF
$9.54B
| $9.52M | 0.01% |
98,402
-622
| -0.6% | -$60.2K |
|
1023
Papa John's
PZZA
$1.63B
| $9.46M | 0.01% |
74,513
-31
| -0% | -$3.94K |
|
1024
Blackstone Mortgage Trust
BXMT
$3.42B
| $9.46M | 0.01% |
312,021
-5,260
| -2% | -$159K |
|
|
DISCA
1025
DELISTED
Discovery, Inc. Series A Common Stock
DISCA
| $9.43M | 0.01% |
371,340
+1,420
| +0.4% | +$36K |
|