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 | |
|---|---|---|---|---|---|---|
1201
Cadence Bank
CADE
$7.02B
| $7.26M | 0.01% |
264,651
+38,147
| +17% | +$1.05M |
|
1202
FuelCell Energy
FCEL
$222M
| $7.25M | 0.01% |
21,632
+5,021
| +30% | +$1.68M |
|
1203
Avista
AVA
$2.95B
| $7.24M | 0.01% |
180,421
+23,974
| +15% | +$962K |
|
1204
Cabot Corp
CBT
$4.2B
| $7.23M | 0.01% |
161,161
+27,630
| +21% | +$1.24M |
|
1205
Magnite
MGNI
$3.4B
| $7.23M | 0.01% |
235,494
-3,920
| -2% | -$120K |
|
|
MNTV
1206
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $7.23M | 0.01% |
282,843
+8,761
| +3% | +$224K |
|
1207
KB Home
KBH
$4.48B
| $7.21M | 0.01% |
215,199
+3,469
| +2% | +$116K |
|
|
GRA
1208
DELISTED
W.R. Grace & Co.
GRA
| $7.2M | 0.01% |
131,304
+754
| +0.6% | +$41.3K |
|
1209
Howard Hughes
HHH
$4.84B
| $7.19M | 0.01% |
95,582
+2,331
| +2% | +$175K |
|
|
TRTN
1210
DELISTED
Triton International Limited
TRTN
| $7.18M | 0.01% |
147,972
+28,792
| +24% | +$1.4M |
|
|
CCXI
1211
DELISTED
ChemoCentryx, Inc.
CCXI
| $7.18M | 0.01% |
115,911
+2,789
| +2% | +$173K |
|
|
FSKR
1212
DELISTED
FS KKR Capital Corp. II
FSKR
| $7.17M | 0.01% |
+436,952
| New | +$7.17M |
|
1213
Quaker Houghton
KWR
$2.46B
| $7.17M | 0.01% |
28,275
+575
| +2% | +$146K |
|
1214
H.B. Fuller
FUL
$3.33B
| $7.14M | 0.01% |
137,679
+20,861
| +18% | +$1.08M |
|
1215
Hilton Grand Vacations
HGV
$3.98B
| $7.13M | 0.01% |
227,452
+33,680
| +17% | +$1.06M |
|
1216
White Mountains Insurance
WTM
$4.54B
| $7.13M | 0.01% |
7,126
+253
| +4% | +$253K |
|
1217
CONMED
CNMD
$1.64B
| $7.1M | 0.01% |
63,410
+895
| +1% | +$100K |
|
|
PACW
1218
DELISTED
PacWest Bancorp
PACW
| $7.09M | 0.01% |
279,277
+5,514
| +2% | +$140K |
|
1219
American Eagle Outfitters
AEO
$3.18B
| $7.09M | 0.01% |
353,036
+2,859
| +0.8% | +$57.4K |
|
1220
Merit Medical Systems
MMSI
$5.07B
| $7.08M | 0.01% |
127,461
+3,990
| +3% | +$221K |
|
|
MIME
1221
DELISTED
Mimecast Limited
MIME
| $7.08M | 0.01% |
124,470
-4,775
| -4% | -$271K |
|
1222
California Water Service
CWT
$2.76B
| $7.07M | 0.01% |
130,813
+19,014
| +17% | +$1.03M |
|
|
VG
1223
DELISTED
Vonage Holdings Corporation
VG
| $7.06M | 0.01% |
548,032
+14,730
| +3% | +$190K |
|
1224
Kennametal
KMT
$1.58B
| $7.05M | 0.01% |
194,532
+6,142
| +3% | +$223K |
|
1225
National Health Investors
NHI
$3.72B
| $7.04M | 0.01% |
101,800
+2,773
| +3% | +$192K |
|