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 | |
|---|---|---|---|---|---|---|
|
DQ
1101
Daqo New Energy
DQ
$1.7B
| $964K | ﹤0.01% | 63,520 -4,487 | -7% | -$68.1K |
|
|
JKS
1102
JinkoSolar
JKS
$1.19B
| $947K | ﹤0.01% | 44,650 -4,098 | -8% | -$87K |
|
|
EH
1103
EHang Holdings
EH
$1.14B
| $874K | ﹤0.01% | 50,338 -1,689 | -3% | -$29.3K |
|
1104
Lufax Holding
LU
$2.55B
| $780K | ﹤0.01% | 279,622 +35,549 | +15% | +$99.2K |
|
|
VNET
1105
VNET Group
VNET
$2.33B
| $766K | ﹤0.01% | 111,086 -72,038 | -39% | -$497K |
|
1106
Canadian Solar
CSIQ
$655M
| $695K | ﹤0.01% | 62,977 -6,285 | -9% | -$69.4K |
|
1107
Gaotu Techedu
GOTU
$950M
| $588K | ﹤0.01% | 162,815 -17,533 | -10% | -$63.3K |
|
|
DDL
1108
Dingdong
DDL
$447M
| $387K | ﹤0.01% | 191,715 -127,164 | -40% | -$257K |
|
|
SOHU
1109
Sohu.com
SOHU
$483M
| $366K | ﹤0.01% | 27,497 -6,830 | -20% | -$90.9K |
|
|
DAO
1110
Youdao
DAO
$1.07B
| $342K | ﹤0.01% | 39,808 +99 | +0.2% | +$851 |
|
|
ZH
1111
Zhihu
ZH
$421M
| $310K | ﹤0.01% | 77,850 -7,049 | -8% | -$28.1K |
|
|
CAN
1112
Canaan Creative
CAN
$365M
| $213K | ﹤0.01% | 344,956 +76,579 | +29% | +$47.3K |
|
1113
BCE
BCE
$23.3B
| – | – | 0 | – | – |
|
|
DADA
1114
DELISTED
Dada Nexus
DADA
| – | – | -109,323 | Closed | -$202K |
|
|
DFS
1115
DELISTED
Discover Financial Services
DFS
| – | – | -768,927 | Closed | -$131M |
|
1116
Liberty Global Class C
LBTYK
$4.07B
| – | – | -125,665 | Closed | -$1.5M |
|
1117
LXP Industrial Trust
LXP
$2.69B
| – | – | -174,124 | Closed | -$1.51M |
|
|
X
1118
DELISTED
US Steel
X
| – | – | -336,740 | Closed | -$14.2M |
|
|
BERY
1119
DELISTED
Berry Global Group, Inc.
BERY
| – | – | -215,092 | Closed | -$15M |
|
|
BECN
1120
DELISTED
Beacon Roofing Supply, Inc.
BECN
| – | – | -108,577 | Closed | -$13.4M |
|
|
ITCI
1121
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| – | – | -163,937 | Closed | -$21.6M |
|
|
SVA
1122
DELISTED
Sinovac Biotech, Ltd
SVA
| $0 | ﹤0.01% | +68,732 | New | – |
|