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 |
IBM
IBM
|
$170M |
| 2 |
Mondelez International
MDLZ
|
$92M |
| 3 |
Warner Bros
WBD
|
$86.5M |
| 4 |
Roper Technologies
ROP
|
$82.7M |
| 5 |
Keurig Dr Pepper
KDP
|
$74.1M |
Top Sells
| 1 |
Apple
AAPL
|
$242M |
| 2 |
Microsoft
MSFT
|
$207M |
| 3 |
AT&T
T
|
$206M |
| 4 |
Amazon
AMZN
|
$198M |
| 5 |
CERN
Cerner Corp
CERN
|
$180M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1101
TAL Education Group
TAL
$6.17B
| $4.01M | ﹤0.01% |
823,980
-36,146
| -4% | -$176K |
|
1102
Murphy USA
MUSA
$7.47B
| $4M | ﹤0.01% |
17,185
+10,988
| +177% | +$2.56M |
|
1103
Glaukos
GKOS
$5.39B
| $4M | ﹤0.01% |
88,002
| – | – |
|
1104
Kyndryl
KD
$7.57B
| $3.98M | ﹤0.01% |
407,365
-55,434
| -12% | -$542K |
|
1105
Frontdoor
FTDR
$4.59B
| $3.95M | ﹤0.01% |
163,959
-11,421
| -7% | -$275K |
|
1106
Viasat
VSAT
$3.98B
| $3.94M | ﹤0.01% |
128,544
| – | – |
|
|
SAVE
1107
DELISTED
Spirit Airlines, Inc.
SAVE
| $3.93M | ﹤0.01% |
164,852
-4,615
| -3% | -$110K |
|
1108
APi Group
APG
$14.5B
| $3.93M | ﹤0.01% |
393,707
+3,455
| +0.9% | +$34.5K |
|
1109
Tenable Holdings
TENB
$3.76B
| $3.91M | ﹤0.01% |
86,147
+14,346
| +20% | +$651K |
|
1110
Zillow
ZG
$20.5B
| $3.9M | ﹤0.01% |
122,712
| – | – |
|
1111
Hain Celestial
HAIN
$164M
| $3.87M | ﹤0.01% |
163,059
-18,958
| -10% | -$450K |
|
1112
Kite Realty
KRG
$5.11B
| $3.85M | ﹤0.01% |
222,785
+4,623
| +2% | +$79.9K |
|
1113
Xerox
XRX
$493M
| $3.85M | ﹤0.01% |
259,399
-39,020
| -13% | -$579K |
|
1114
Zai Lab
ZLAB
$3.42B
| $3.84M | ﹤0.01% |
110,797
-4,819
| -4% | -$167K |
|
1115
LiveRamp
RAMP
$1.86B
| $3.83M | ﹤0.01% |
148,369
+2,017
| +1% | +$52.1K |
|
1116
QuantumScape
QS
$4.44B
| $3.82M | ﹤0.01% |
444,710
| – | – |
|
1117
Commercial Metals
CMC
$6.63B
| $3.78M | ﹤0.01% |
114,304
+16,724
| +17% | +$553K |
|
1118
Opendoor
OPEN
$4.89B
| $3.78M | ﹤0.01% |
802,944
-40,002
| -5% | -$188K |
|
1119
Upwork
UPWK
$2.15B
| $3.77M | ﹤0.01% |
182,370
-19,674
| -10% | -$407K |
|
1120
Upstart Holdings
UPST
$6.44B
| $3.75M | ﹤0.01% |
118,457
+22,922
| +24% | +$725K |
|
1121
Q2 Holdings
QTWO
$4.92B
| $3.74M | ﹤0.01% |
96,833
-6,626
| -6% | -$256K |
|
|
JWN
1122
DELISTED
Nordstrom
JWN
| $3.73M | ﹤0.01% |
176,679
-11,695
| -6% | -$247K |
|
|
FTCH
1123
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $3.62M | ﹤0.01% |
505,240
-72,873
| -13% | -$522K |
|
1124
Bread Financial
BFH
$3.09B
| $3.61M | ﹤0.01% |
97,420
-6,161
| -6% | -$228K |
|
1125
ESAB
ESAB
$7.15B
| $3.61M | ﹤0.01% |
+82,415
| New | +$3.61M |
|