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 |
Gilead Sciences
GILD
|
$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
$408M |
| 4 |
Adobe
ADBE
|
$333M |
| 5 |
T-Mobile US
TMUS
|
$205M |
Top Sells
| 1 |
Apple
AAPL
|
$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$146M |
| 3 |
Sysco
SYY
|
$144M |
| 4 |
AGN
Allergan plc
AGN
|
$134M |
| 5 |
Welltower
WELL
|
$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
AvalonBay Communities
AVB
$27.8B
| $183M | 0.18% |
1,181,947
+4,185
| +0.4% | +$647K |
|
127
VeriSign
VRSN
$26.2B
| $181M | 0.18% |
874,725
-11,608
| -1% | -$2.4M |
|
128
Blackrock
BLK
$170B
| $179M | 0.18% |
329,379
+62,697
| +24% | +$34.1M |
|
129
United Parcel Service
UPS
$72.1B
| $176M | 0.17% |
1,579,018
+7,770
| +0.5% | +$864K |
|
130
Intuit
INTU
$188B
| $174M | 0.17% |
586,878
+4,808
| +0.8% | +$1.42M |
|
131
ServiceNow
NOW
$190B
| $173M | 0.17% |
426,267
+5,690
| +1% | +$2.3M |
|
132
DTE Energy
DTE
$28.4B
| $172M | 0.17% |
1,882,833
+117,309
| +7% | +$10.7M |
|
133
Charter Communications
CHTR
$35.7B
| $172M | 0.17% |
336,684
-3,646
| -1% | -$1.86M |
|
134
Mondelez International
MDLZ
$79.9B
| $170M | 0.17% |
3,332,037
-32,137
| -1% | -$1.64M |
|
135
Realty Income
O
$54.2B
| $168M | 0.17% |
2,916,914
+80,145
| +3% | +$4.62M |
|
136
Hershey
HSY
$37.6B
| $161M | 0.16% |
1,245,566
+3,752
| +0.3% | +$486K |
|
137
Incyte
INCY
$16.9B
| $160M | 0.16% |
1,543,099
+1,133,190
| +276% | +$118M |
|
138
US Bancorp
USB
$75.9B
| $160M | 0.16% |
4,354,247
-4,974
| -0.1% | -$183K |
|
139
Church & Dwight Co
CHD
$23.3B
| $160M | 0.16% |
2,064,452
+74,208
| +4% | +$5.74M |
|
140
Keysight
KEYS
$28.9B
| $159M | 0.16% |
1,577,232
+1,153,530
| +272% | +$116M |
|
141
Entergy
ETR
$39.2B
| $158M | 0.16% |
3,365,756
+114,058
| +4% | +$5.35M |
|
142
Cigna
CI
$81.5B
| $158M | 0.16% |
840,834
+11,255
| +1% | +$2.11M |
|
143
Caterpillar
CAT
$198B
| $154M | 0.15% |
1,219,976
+3,987
| +0.3% | +$504K |
|
144
Arthur J. Gallagher & Co
AJG
$76.7B
| $154M | 0.15% |
1,582,376
+60,236
| +4% | +$5.87M |
|
145
Waste Connections
WCN
$46.1B
| $152M | 0.15% |
1,624,491
-2,246
| -0.1% | -$211K |
|
146
Republic Services
RSG
$71.7B
| $152M | 0.15% |
1,852,053
-12,540
| -0.7% | -$1.03M |
|
147
Goldman Sachs
GS
$223B
| $151M | 0.15% |
766,370
+35,465
| +5% | +$7.01M |
|
148
Elevance Health
ELV
$70.6B
| $150M | 0.15% |
569,637
-6,737
| -1% | -$1.77M |
|
|
CTXS
149
DELISTED
Citrix Systems Inc
CTXS
| $147M | 0.15% |
995,072
-75,284
| -7% | -$11.1M |
|
150
Kroger
KR
$44.8B
| $147M | 0.14% |
4,338,413
+2,534,946
| +141% | +$85.8M |
|