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 | |
|---|---|---|---|---|---|---|
151
S&P Global
SPGI
$164B
| $189M | 0.15% |
575,139
+19,814
| +4% | +$6.51M |
|
152
DTE Energy
DTE
$28.4B
| $189M | 0.15% |
1,828,299
-59,098
| -3% | -$6.11M |
|
153
American Express
AXP
$227B
| $188M | 0.15% |
1,556,346
+53,500
| +4% | +$6.47M |
|
154
Cigna
CI
$81.5B
| $185M | 0.14% |
890,390
+19,184
| +2% | +$3.99M |
|
155
Mercado Libre
MELI
$123B
| $183M | 0.14% |
109,062
+12,901
| +13% | +$21.6M |
|
156
Hershey
HSY
$37.6B
| $181M | 0.14% |
1,189,947
-41,218
| -3% | -$6.28M |
|
157
JD.com
JD
$44.6B
| $180M | 0.14% |
2,044,286
-59,011
| -3% | -$5.19M |
|
158
VeriSign
VRSN
$26.2B
| $180M | 0.14% |
829,518
-33,290
| -4% | -$7.2M |
|
159
Equity Residential
EQR
$25.5B
| $178M | 0.14% |
3,010,460
-85,830
| -3% | -$5.09M |
|
160
Church & Dwight Co
CHD
$23.3B
| $175M | 0.13% |
2,006,645
-42,527
| -2% | -$3.71M |
|
|
SGEN
161
DELISTED
Seagen Inc. Common Stock
SGEN
| $175M | 0.13% |
+998,612
| New | +$175M |
|
162
Charles Schwab
SCHW
$167B
| $174M | 0.13% |
3,285,252
+629,765
| +24% | +$33.4M |
|
163
Republic Services
RSG
$71.7B
| $170M | 0.13% |
1,768,154
-64,732
| -4% | -$6.23M |
|
164
CSX Corp
CSX
$60.6B
| $165M | 0.13% |
5,446,899
+184,179
| +3% | +$5.57M |
|
165
Lam Research
LRCX
$130B
| $164M | 0.13% |
3,481,800
+119,270
| +4% | +$5.63M |
|
166
Entergy
ETR
$39.2B
| $162M | 0.12% |
3,239,232
-99,836
| -3% | -$4.98M |
|
167
Truist Financial
TFC
$60B
| $161M | 0.12% |
3,360,130
+150,742
| +5% | +$7.23M |
|
168
Labcorp
LH
$23.2B
| $160M | 0.12% |
916,194
-26,673
| -3% | -$4.66M |
|
169
Autodesk
ADSK
$69.5B
| $160M | 0.12% |
524,645
+20,464
| +4% | +$6.25M |
|
170
AvalonBay Communities
AVB
$27.8B
| $158M | 0.12% |
982,565
-191,306
| -16% | -$30.7M |
|
171
Ameren
AEE
$27.2B
| $155M | 0.12% |
1,990,112
-66,702
| -3% | -$5.21M |
|
172
Willis Towers Watson
WTW
$32.1B
| $154M | 0.12% |
733,007
+11,519
| +2% | +$2.43M |
|
173
Liberty Broadband Class C
LBRDK
$8.61B
| $154M | 0.12% |
973,655
+104,680
| +12% | +$16.6M |
|
174
Uber
UBER
$190B
| $154M | 0.12% |
3,017,656
+133,356
| +5% | +$6.8M |
|
175
Waste Connections
WCN
$46.1B
| $154M | 0.12% |
1,498,717
-86,647
| -5% | -$8.89M |
|