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 | |
|---|---|---|---|---|---|---|
151
Booking.com
BKNG
$178B
| $146M | 0.14% |
92,002
-3,896
| -4% | -$6.2M |
|
152
Ameren
AEE
$27.2B
| $146M | 0.14% |
2,070,548
+86,844
| +4% | +$6.11M |
|
153
Becton Dickinson
BDX
$55.1B
| $145M | 0.14% |
621,736
+1,897
| +0.3% | +$443K |
|
154
Kellanova
K
$27.8B
| $142M | 0.14% |
2,285,583
+84,489
| +4% | +$5.24M |
|
155
American Express
AXP
$227B
| $140M | 0.14% |
1,468,005
-32,034
| -2% | -$3.05M |
|
156
CMS Energy
CMS
$21.4B
| $140M | 0.14% |
2,391,524
+71,811
| +3% | +$4.2M |
|
157
Target
TGT
$42.3B
| $140M | 0.14% |
1,163,373
+33,437
| +3% | +$4.01M |
|
158
Willis Towers Watson
WTW
$32.1B
| $139M | 0.14% |
706,329
+26,008
| +4% | +$5.12M |
|
159
Advanced Micro Devices
AMD
$245B
| $137M | 0.14% |
2,606,949
+287,472
| +12% | +$15.1M |
|
160
Labcorp
LH
$23.2B
| $136M | 0.13% |
951,491
+26,712
| +3% | +$3.81M |
|
161
Intuitive Surgical
ISRG
$167B
| $135M | 0.13% |
712,029
+2,685
| +0.4% | +$510K |
|
162
GE Aerospace
GE
$296B
| $133M | 0.13% |
3,917,672
-17,347
| -0.4% | -$591K |
|
163
Take-Two Interactive
TTWO
$44.2B
| $133M | 0.13% |
950,987
+695,527
| +272% | +$97.1M |
|
|
ATVI
164
DELISTED
Activision Blizzard Inc.
ATVI
| $130M | 0.13% |
1,710,284
+9,698
| +0.6% | +$736K |
|
165
Micron Technology
MU
$147B
| $129M | 0.13% |
2,495,538
-27,964
| -1% | -$1.44M |
|
166
Quest Diagnostics
DGX
$20.5B
| $128M | 0.13% |
1,122,087
-9,196
| -0.8% | -$1.05M |
|
167
Essex Property Trust
ESS
$17.3B
| $127M | 0.13% |
553,538
-2,660
| -0.5% | -$610K |
|
168
Invitation Homes
INVH
$18.5B
| $125M | 0.12% |
4,556,875
+29,567
| +0.7% | +$814K |
|
169
Applied Materials
AMAT
$130B
| $125M | 0.12% |
2,070,016
-25,157
| -1% | -$1.52M |
|
170
Northrop Grumman
NOC
$83.2B
| $125M | 0.12% |
405,756
+869
| +0.2% | +$267K |
|
171
Alexandria Real Estate Equities
ARE
$14.5B
| $125M | 0.12% |
768,631
+55,687
| +8% | +$9.04M |
|
172
Illinois Tool Works
ITW
$77.6B
| $124M | 0.12% |
708,418
-15,831
| -2% | -$2.77M |
|
173
Morgan Stanley
MS
$236B
| $123M | 0.12% |
2,554,891
-119,008
| -4% | -$5.75M |
|
174
JD.com
JD
$44.6B
| $122M | 0.12% |
2,033,586
+162,268
| +9% | +$9.77M |
|
175
Illumina
ILMN
$15.7B
| $122M | 0.12% |
339,310
+28,030
| +9% | +$10.1M |
|