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 |
Merck
MRK
|
+$266M |
| 2 |
Becton Dickinson
BDX
|
+$208M |
| 3 |
Apple
AAPL
|
+$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$170M |
Top Sells
| 1 |
Aflac
AFL
|
+$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
Arch Capital
ACGL
|
+$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Terreno Realty
TRNO
$6.06B
| $10M | 0.01% |
171,116
+16,989
| +11% | +$994K |
|
1027
Wendy's
WEN
$1.88B
| $9.97M | 0.01% |
454,894
+40,254
| +10% | +$882K |
|
|
AJRD
1028
DELISTED
Aerojet Rocketdyne Holdings, Inc.
AJRD
| $9.97M | 0.01% |
188,658
+21,774
| +13% | +$1.15M |
|
1029
Clean Harbors
CLH
$12.8B
| $9.96M | 0.01% |
130,936
+12,569
| +11% | +$956K |
|
1030
Selective Insurance
SIGI
$4.85B
| $9.94M | 0.01% |
148,398
+13,169
| +10% | +$882K |
|
|
JOYY
1031
JOYY Inc. American Depositary Shares
JOYY
$3.17B
| $9.93M | 0.01% |
124,155
-3,487
| -3% | -$279K |
|
1032
MasTec
MTZ
$14.9B
| $9.93M | 0.01% |
145,575
+13,015
| +10% | +$887K |
|
1033
Millicom
TIGO
$7.88B
| $9.93M | 0.01% |
255,930
+13,988
| +6% | +$542K |
|
1034
Wingstop
WING
$7.67B
| $9.91M | 0.01% |
74,768
+12,232
| +20% | +$1.62M |
|
1035
SPS Commerce
SPSC
$4.26B
| $9.91M | 0.01% |
91,236
+9,672
| +12% | +$1.05M |
|
|
TXNM
1036
TXNM Energy, Inc.
TXNM
$6B
| $9.9M | 0.01% |
203,954
+18,573
| +10% | +$901K |
|
1037
Element Solutions
ESI
$6.37B
| $9.88M | 0.01% |
557,270
+62,973
| +13% | +$1.12M |
|
1038
Blackstone Mortgage Trust
BXMT
$3.39B
| $9.88M | 0.01% |
358,850
+41,778
| +13% | +$1.15M |
|
1039
Sabre
SABR
$742M
| $9.81M | 0.01% |
815,981
+145,946
| +22% | +$1.75M |
|
1040
Black Hills Corp
BKH
$4.33B
| $9.8M | 0.01% |
159,432
+14,328
| +10% | +$880K |
|
1041
Itron
ITRI
$5.51B
| $9.79M | 0.01% |
102,125
+11,157
| +12% | +$1.07M |
|
1042
Unity
U
$18.3B
| $9.76M | 0.01% |
+63,613
| New | +$9.76M |
|
|
JBGS
1043
JBG SMITH
JBGS
$1.44B
| $9.75M | 0.01% |
311,897
+31,925
| +11% | +$998K |
|
1044
Medpace
MEDP
$14B
| $9.74M | 0.01% |
69,937
+6,762
| +11% | +$941K |
|
1045
Rayonier
RYN
$4.13B
| $9.73M | 0.01% |
348,181
+27,251
| +8% | +$762K |
|
1046
Webster Financial
WBS
$10.3B
| $9.73M | 0.01% |
230,857
+22,525
| +11% | +$949K |
|
1047
Crane NXT
CXT
$3.56B
| $9.7M | 0.01% |
359,478
+33,731
| +10% | +$910K |
|
1048
Portland General Electric
POR
$4.65B
| $9.69M | 0.01% |
226,601
+20,857
| +10% | +$892K |
|
1049
MSC Industrial Direct
MSM
$5.14B
| $9.68M | 0.01% |
114,735
+12,022
| +12% | +$1.01M |
|
1050
Cannae Holdings
CNNE
$1.13B
| $9.68M | 0.01% |
218,633
+20,736
| +10% | +$918K |
|