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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
CAN
1201
Canaan Creative
CAN
$365M
| $746K | ﹤0.01% | 276,432 -77,548 | -22% | -$209K |
|
|
VNET
1202
VNET Group
VNET
$2.33B
| $734K | ﹤0.01% | 226,511 -37,089 | -14% | -$120K |
|
|
YSG
1203
Yatsen Holding
YSG
$877M
| $733K | ﹤0.01% | 495,368 -81,217 | -14% | -$120K |
|
|
EH
1204
EHang Holdings
EH
$1.14B
| $715K | ﹤0.01% | 65,376 -11,523 | -15% | -$126K |
|
|
LX
1205
LexinFintech Holdings
LX
$1.06B
| $673K | ﹤0.01% | 248,416 -46,373 | -16% | -$126K |
|
|
HUYA
1206
Huya Inc
HUYA
$796M
| $577K | ﹤0.01% | 159,913 -28,160 | -15% | -$102K |
|
|
DAO
1207
Youdao
DAO
$1.07B
| $576K | ﹤0.01% | 67,711 -8,318 | -11% | -$70.7K |
|
|
NIU
1208
Niu Technologies
NIU
$341M
| $381K | ﹤0.01% | 91,919 -11,527 | -11% | -$47.7K |
|
|
IMAB
1209
I-MAB
IMAB
$340M
| $370K | ﹤0.01% | 106,938 -10,977 | -9% | -$38K |
|
|
DOYU
1210
DouYu International Holdings
DOYU
$233M
| $341K | ﹤0.01% | 286,523 -39,404 | -12% | -$46.9K |
|
|
ZH
1211
Zhihu
ZH
$421M
| $336K | ﹤0.01% | 264,612 -68,954 | -21% | -$87.6K |
|
|
SIVB
1212
DELISTED
SVB Financial Group
SIVB
| $106K | ﹤0.01% | 117,068 -12,477 | -10% | -$11.3K |
|
|
SBNY
1213
DELISTED
Signature Bank
SBNY
| $22.6K | ﹤0.01% | 123,356 -12,848 | -9% | -$2.35K |
|
|
NBIS
1214
Nebius Group N.V. Class A Ordinary Shares
NBIS
$16.3B
| $61 | ﹤0.01% | 608,396 | – | – |
|
1215
Liberty Broadband Class A
LBRDA
$8.71B
| – | – | -111,412 | Closed | -$8.45M |
|
1216
Digital Turbine
APPS
$455M
| – | – | -171,299 | Closed | -$2.61M |
|
1217
Li Auto
LI
$23.7B
| – | – | -1,136,298 | Closed | -$23.2M |
|
1218
MasterBrand
MBC
$1.61B
| – | – | -293,186 | Closed | -$2.21M |
|
1219
Maravai LifeSciences
MRVI
$350M
| – | – | -246,995 | Closed | -$3.53M |
|
1220
Novavax
NVAX
$1.21B
| – | – | -140,099 | Closed | -$1.44M |
|
|
OCFT
1221
OneConnect Financial Technology
OCFT
$281M
| – | – | -28,122 | Closed | -$149K |
|
1222
Opendoor
OPEN
$3.27B
| – | – | -972,707 | Closed | -$1.13M |
|
1223
Sabre
SABR
$706M
| – | – | -596,262 | Closed | -$3.68M |
|
1224
Trip.com Group
TCOM
$48.2B
| – | – | -1,171,121 | Closed | -$40.3M |
|
1225
Twist Bioscience
TWST
$1.63B
| – | – | -106,403 | Closed | -$2.53M |
|