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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1001
IAC Inc
IAC
$2.95B
| $6.61M | 0.01% |
156,058
-23,185
| -13% | -$981K |
|
1002
Credit Acceptance
CACC
$5.85B
| $6.6M | 0.01% |
15,138
-2,586
| -15% | -$1.13M |
|
1003
Independence Realty Trust
IRT
$4.16B
| $6.55M | 0.01% |
408,537
-76,581
| -16% | -$1.23M |
|
|
SUM
1004
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $6.54M | 0.01% |
229,564
-9,577
| -4% | -$273K |
|
1005
SM Energy
SM
$3.24B
| $6.53M | 0.01% |
232,033
-71,452
| -24% | -$2.01M |
|
1006
Teladoc Health
TDOC
$1.35B
| $6.5M | 0.01% |
251,098
-41,525
| -14% | -$1.08M |
|
1007
Quaker Houghton
KWR
$2.45B
| $6.47M | 0.01% |
32,702
| – | – |
|
1008
PTC Therapeutics
PTCT
$4.61B
| $6.47M | 0.01% |
133,488
-24,981
| -16% | -$1.21M |
|
1009
Foot Locker
FL
$2.3B
| $6.44M | 0.01% |
162,303
-16,290
| -9% | -$647K |
|
1010
Travel + Leisure Co
TNL
$4.12B
| $6.43M | 0.01% |
163,973
-29,439
| -15% | -$1.15M |
|
1011
Clarivate
CLVT
$2.86B
| $6.43M | 0.01% |
684,411
-197,481
| -22% | -$1.85M |
|
1012
Applovin
APP
$169B
| $6.42M | 0.01% |
407,603
+14,519
| +4% | +$229K |
|
1013
KB Home
KBH
$4.49B
| $6.39M | 0.01% |
159,047
-8,277
| -5% | -$333K |
|
1014
Armstrong World Industries
AWI
$8.53B
| $6.38M | 0.01% |
89,548
-15,403
| -15% | -$1.1M |
|
1015
XPO
XPO
$15.4B
| $6.32M | 0.01% |
198,048
-33,295
| -14% | -$1.06M |
|
1016
Community Bank
CBU
$3.21B
| $6.3M | 0.01% |
120,088
-6,109
| -5% | -$321K |
|
1017
XP
XP
$9.43B
| $6.3M | 0.01% |
530,930
-48,916
| -8% | -$581K |
|
1018
Yeti Holdings
YETI
$2.94B
| $6.29M | 0.01% |
157,254
-36,986
| -19% | -$1.48M |
|
1019
ESAB
ESAB
$7.07B
| $6.27M | 0.01% |
106,175
+3,208
| +3% | +$189K |
|
1020
Watts Water Technologies
WTS
$9.33B
| $6.26M | 0.01% |
37,175
+4,421
| +13% | +$744K |
|
1021
ICU Medical
ICUI
$3.1B
| $6.22M | 0.01% |
37,720
-4,219
| -10% | -$696K |
|
1022
LCI Industries
LCII
$2.56B
| $6.19M | 0.01% |
56,360
-1,228
| -2% | -$135K |
|
1023
First Hawaiian
FHB
$3.26B
| $6.12M | 0.01% |
296,514
-21,646
| -7% | -$447K |
|
1024
SLM Corp
SLM
$6.62B
| $6.1M | 0.01% |
492,309
-127,756
| -21% | -$1.58M |
|
1025
iRhythm Technologies
IRTC
$5.85B
| $6.09M | 0.01% |
49,093
| – | – |
|