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
|
$6.83B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$200M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Amphenol
APH
|
$163M |
| 5 |
Chipotle Mexican Grill
CMG
|
$151M |
Top Sells
| 1 |
Financial Select Sector SPDR Fund
XLF
|
$505M |
| 2 |
Costco
COST
|
$422M |
| 3 |
Home Depot
HD
|
$348M |
| 4 |
Bank of America
BAC
|
$259M |
| 5 |
PepsiCo
PEP
|
$247M |
Sector Composition
| 1 | Technology | 33.69% |
| 2 | Healthcare | 12.79% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Gaotu Techedu
GOTU
$950M
| $1.14M | ﹤0.01% | 232,917 -31,295 | -12% | -$153K |
|
|
EH
1152
EHang Holdings
EH
$1.14B
| $846K | ﹤0.01% | 62,312 -9,832 | -14% | -$134K |
|
1153
Weibo
WB
$2.81B
| $781K | ﹤0.01% | 101,746 -13,001 | -11% | -$99.8K |
|
|
GRAL
1154
GRAIL, Inc. Common Stock
GRAL
$1.18B
| $733K | ﹤0.01% | +47,702 | New | +$733K |
|
|
TUYA
1155
Tuya Inc
TUYA
$1.62B
| $590K | ﹤0.01% | 344,929 -104,088 | -23% | -$178K |
|
1156
Lufax Holding
LU
$2.55B
| $580K | ﹤0.01% | 244,739 -44,416 | -15% | -$105K |
|
|
SOHU
1157
Sohu.com
SOHU
$483M
| $460K | ﹤0.01% | 33,025 -10,907 | -25% | -$152K |
|
|
DDL
1158
Dingdong
DDL
$447M
| $370K | ﹤0.01% | 186,035 -42,567 | -19% | -$84.7K |
|
|
VNET
1159
VNET Group
VNET
$2.33B
| $368K | ﹤0.01% | 175,689 -38,283 | -18% | -$80.2K |
|
|
ZH
1160
Zhihu
ZH
$421M
| $230K | ﹤0.01% | 84,119 -762,883 | -90% | -$2.08M |
|
|
HUYA
1161
Huya Inc
HUYA
$796M
| $217K | ﹤0.01% | 55,036 -3,585 | -6% | -$14.2K |
|
|
CAN
1162
Canaan Creative
CAN
$365M
| $202K | ﹤0.01% | 202,231 -46,865 | -19% | -$46.9K |
|
|
DAO
1163
Youdao
DAO
$1.07B
| $182K | ﹤0.01% | 46,443 -11,160 | -19% | -$43.7K |
|
|
DADA
1164
DELISTED
Dada Nexus
DADA
| $150K | ﹤0.01% | 118,810 -15,285 | -11% | -$19.3K |
|
|
NBIS
1165
Nebius Group N.V. Class A Ordinary Shares
NBIS
$16.3B
| $61 | ﹤0.01% | 608,396 | – | – |
|
1166
BCE
BCE
$23.3B
| – | – | 0 | – | – |
|
|
1167
Financial Select Sector SPDR Fund
XLF
$54.1B
| – | – | -12,000,000 | Closed | -$505M |
|
|
AIRC
1168
DELISTED
Apartment Income REIT Corp.
AIRC
| – | – | -264,429 | Closed | -$8.59M |
|
|
SWAV
1169
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| – | – | -50,437 | Closed | -$16.4M |
|
|
PXD
1170
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – | -416,234 | Closed | -$109M |
|
|
AEL
1171
DELISTED
American Equity Investment Life Holding Company
AEL
| – | – | -164,461 | Closed | -$9.25M |
|
|
SVA
1172
DELISTED
Sinovac Biotech, Ltd
SVA
| $0 | ﹤0.01% | 68,732 | – | – |
|