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 |
NVIDIA
NVDA
|
$894M |
| 2 |
UnitedHealth
UNH
|
$430M |
| 3 |
Intel
INTC
|
$409M |
| 4 |
Amazon
AMZN
|
$352M |
| 5 |
Broadcom
AVGO
|
$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$415M |
| 2 |
Microsoft
MSFT
|
$275M |
| 3 |
VMW
VMware, Inc
VMW
|
$221M |
| 4 |
JPMorgan Chase
JPM
|
$146M |
| 5 |
Verizon
VZ
|
$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Insperity
NSP
$2.03B
| $6.99M | 0.01% |
59,616
+2,258
| +4% | +$265K |
|
1002
Quaker Houghton
KWR
$2.51B
| $6.98M | 0.01% |
32,702
| – | – |
|
1003
QuidelOrtho
QDEL
$1.95B
| $6.98M | 0.01% |
94,696
| – | – |
|
1004
American Eagle Outfitters
AEO
$3.26B
| $6.95M | 0.01% |
328,331
-460
| -0.1% | -$9.73K |
|
1005
Avient
AVNT
$3.45B
| $6.94M | 0.01% |
167,028
+2,099
| +1% | +$87.3K |
|
1006
Hillenbrand
HI
$1.85B
| $6.9M | 0.01% |
144,134
+2,824
| +2% | +$135K |
|
1007
Blackstone Mortgage Trust
BXMT
$3.45B
| $6.85M | 0.01% |
321,846
-4,598
| -1% | -$97.8K |
|
1008
PENN Entertainment
PENN
$2.99B
| $6.83M | 0.01% |
262,665
-18,479
| -7% | -$481K |
|
1009
IPG Photonics
IPGP
$3.56B
| $6.82M | 0.01% |
62,847
-3,159
| -5% | -$343K |
|
1010
LCI Industries
LCII
$2.57B
| $6.8M | 0.01% |
54,076
-4,700
| -8% | -$591K |
|
1011
Ormat Technologies
ORA
$5.51B
| $6.8M | 0.01% |
89,682
-5,484
| -6% | -$416K |
|
1012
First Financial Bankshares
FFIN
$5.22B
| $6.79M | 0.01% |
224,038
-11,529
| -5% | -$349K |
|
1013
Hancock Whitney
HWC
$5.32B
| $6.79M | 0.01% |
139,655
-89
| -0.1% | -$4.33K |
|
1014
Unifirst Corp
UNF
$3.3B
| $6.77M | 0.01% |
37,018
| – | – |
|
1015
CRISPR Therapeutics
CRSP
$4.99B
| $6.74M | 0.01% |
107,729
-4,440
| -4% | -$278K |
|
1016
Choice Hotels
CHH
$5.41B
| $6.74M | 0.01% |
59,446
-960
| -2% | -$109K |
|
1017
Itron
ITRI
$5.51B
| $6.69M | 0.01% |
88,585
-5,219
| -6% | -$394K |
|
1018
Avis
CAR
$5.5B
| $6.68M | 0.01% |
37,678
-734
| -2% | -$130K |
|
1019
Zillow
ZG
$20.5B
| $6.59M | 0.01% |
116,185
-5,244
| -4% | -$297K |
|
1020
Penske Automotive Group
PAG
$12.4B
| $6.57M | 0.01% |
40,906
-555
| -1% | -$89.1K |
|
1021
Phillips Edison & Co
PECO
$4.54B
| $6.55M | 0.01% |
179,642
+20,003
| +13% | +$730K |
|
1022
FormFactor
FORM
$2.26B
| $6.53M | 0.01% |
156,477
+4,190
| +3% | +$175K |
|
1023
Organon & Co
OGN
$2.7B
| $6.53M | 0.01% |
452,534
-23,587
| -5% | -$340K |
|
1024
GlobalFoundries
GFS
$18.5B
| $6.52M | 0.01% |
107,648
-5,311
| -5% | -$322K |
|
1025
Transocean
RIG
$2.9B
| $6.43M | ﹤0.01% |
1,012,545
-47,772
| -5% | -$303K |
|