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 | |
|---|---|---|---|---|---|---|
1151
Emergent Biosolutions
EBS
$409M
| $2.91M | ﹤0.01% |
93,640
-9,545
| -9% | -$296K |
|
1152
Under Armour Class C
UA
$2.13B
| $2.88M | ﹤0.01% |
379,646
-40,324
| -10% | -$306K |
|
1153
Embecta
EMBC
$858M
| $2.87M | ﹤0.01% |
+113,486
| New | +$2.87M |
|
1154
TripAdvisor
TRIP
$2.02B
| $2.87M | ﹤0.01% |
160,989
-14,883
| -8% | -$265K |
|
1155
Cadence Bank
CADE
$7.01B
| $2.84M | ﹤0.01% |
121,137
+5,290
| +5% | +$124K |
|
1156
Sabre
SABR
$675M
| $2.83M | ﹤0.01% |
485,594
-75,838
| -14% | -$442K |
|
1157
Strategy Inc Common Stock Class A
MSTR
$94.4B
| $2.76M | ﹤0.01% |
167,940
| – | – |
|
|
AZEK
1158
DELISTED
The AZEK Co
AZEK
| $2.66M | ﹤0.01% |
159,005
-31,327
| -16% | -$524K |
|
1159
Kornit Digital
KRNT
$677M
| $2.64M | ﹤0.01% |
83,133
-17,974
| -18% | -$570K |
|
|
JOYY
1160
JOYY Inc. American Depositary Shares
JOYY
$3.2B
| $2.62M | ﹤0.01% |
87,563
-16,733
| -16% | -$500K |
|
|
NVRO
1161
DELISTED
NEVRO CORP.
NVRO
| $2.61M | ﹤0.01% |
59,476
-7,682
| -11% | -$337K |
|
1162
Beyond Meat
BYND
$186M
| $2.6M | ﹤0.01% |
108,501
| – | – |
|
1163
Tilray
TLRY
$1.31B
| $2.54M | ﹤0.01% |
814,673
+10,805
| +1% | +$33.7K |
|
1164
Digital Turbine
APPS
$478M
| $2.5M | ﹤0.01% |
143,123
-23,884
| -14% | -$417K |
|
1165
Shake Shack
SHAK
$4.02B
| $2.49M | ﹤0.01% |
62,997
| – | – |
|
1166
iQIYI
IQ
$2.61B
| $2.41M | ﹤0.01% |
573,329
-12,070
| -2% | -$50.7K |
|
1167
Under Armour
UAA
$2.2B
| $2.33M | ﹤0.01% |
279,800
-53,464
| -16% | -$445K |
|
1168
Hyatt Hotels
H
$13.7B
| $2.29M | ﹤0.01% |
31,019
+6,995
| +29% | +$517K |
|
1169
Southwest Gas
SWX
$5.64B
| $2.18M | ﹤0.01% |
25,044
-110,427
| -82% | -$9.62M |
|
1170
CareDx
CDNA
$735M
| $2.17M | ﹤0.01% |
101,176
| – | – |
|
|
QVCGA
1171
QVC Group, Inc. Series A Common Stock
QVCGA
$72.6M
| $2.17M | ﹤0.01% |
15,085
| – | – |
|
1172
Asana
ASAN
$3.15B
| $2.05M | ﹤0.01% |
116,668
-35,400
| -23% | -$622K |
|
1173
Fastly
FSLY
$1.09B
| $2.01M | ﹤0.01% |
172,735
| – | – |
|
1174
Watts Water Technologies
WTS
$9.26B
| $2M | ﹤0.01% |
16,301
+275
| +2% | +$33.8K |
|
1175
3D Systems Corporation
DDD
$267M
| $1.98M | ﹤0.01% |
204,252
-60,722
| -23% | -$589K |
|