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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
ALLK
1226
DELISTED
Allakos
ALLK
| – | – |
-70,814
| Closed | -$693K |
|
1227
Bandwidth Inc
BAND
$472M
| – | – |
-46,294
| Closed | -$3.32M |
|
1228
BridgeBio Pharma
BBIO
$9.91B
| – | – |
-179,629
| Closed | -$3M |
|
1229
BCE
BCE
$22.8B
| – | – |
0
| – | – |
|
1230
Baidu
BIDU
$33.8B
| – | – |
-578,041
| Closed | -$86M |
|
1231
Bilibili
BILI
$9.29B
| – | – |
-521,911
| Closed | -$24.2M |
|
1232
Consensus Cloud Solutions
CCSI
$506M
| – | – |
-33,073
| Closed | -$1.91M |
|
1233
Cardlytics
CDLX
$49M
| – | – |
-64,986
| Closed | -$4.3M |
|
1234
Cerence
CRNC
$433M
| – | – |
-82,452
| Closed | -$6.32M |
|
1235
CureVac
CVAC
$1.2B
| – | – |
-120,622
| Closed | -$4.14M |
|
1236
Editas Medicine
EDIT
$227M
| – | – |
-149,911
| Closed | -$3.98M |
|
1237
8x8 Inc
EGHT
$269M
| – | – |
-217,592
| Closed | -$3.65M |
|
1238
Enbridge
ENB
$105B
| – | – |
-161,307
| Closed | -$6.3M |
|
1239
eXp World Holdings
EXPI
$1.72B
| – | – |
-138,575
| Closed | -$4.67M |
|
1240
GDS Holdings
GDS
$6.27B
| – | – |
-239,450
| Closed | -$11.3M |
|
1241
iRobot
IRBT
$98.5M
| – | – |
-63,330
| Closed | -$4.17M |
|
|
1242
iShares Core S&P 500 ETF
IVV
$666B
| – | – |
-6,682,000
| Closed | -$3.19B |
|
1243
Kodiak Sciences
KOD
$452M
| – | – |
-75,224
| Closed | -$6.38M |
|
1244
Legend Biotech
LEGN
$6.46B
| – | – |
-91,736
| Closed | -$4.28M |
|
1245
Lemonade
LMND
$3.75B
| – | – |
-74,570
| Closed | -$3.14M |
|
1246
Open Lending Corp
LPRO
$267M
| – | – |
-231,316
| Closed | -$5.2M |
|
1247
LivePerson
LPSN
$86.3M
| – | – |
-128,635
| Closed | -$4.6M |
|
1248
Magnite
MGNI
$3.54B
| – | – |
-250,249
| Closed | -$4.38M |
|
|
ONL
1249
Orion Office REIT
ONL
$166M
| – | – |
-119,375
| Closed | -$2.23M |
|
|
SAGE
1250
DELISTED
Sage Therapeutics
SAGE
| – | – |
-119,702
| Closed | -$5.09M |
|