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 |
Netflix
NFLX
|
$376M |
| 2 |
Charter Communications
CHTR
|
$360M |
| 3 |
Costco
COST
|
$202M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$185M |
| 5 |
Microsoft
MSFT
|
$158M |
Top Sells
| 1 |
Coca-Cola
KO
|
$211M |
| 2 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$174M |
| 3 |
Labcorp
LH
|
$151M |
| 4 |
Stryker
SYK
|
$128M |
| 5 |
Mid-America Apartment Communities
MAA
|
$115M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
SBA Communications
SBAC
$21B
| $187M | 0.14% |
564,185
+321,795
| +133% | +$106M |
|
152
PNC Financial Services
PNC
$81.7B
| $186M | 0.14% |
948,302
-8,863
| -0.9% | -$1.73M |
|
153
Micron Technology
MU
$139B
| $184M | 0.14% |
2,590,122
+66,533
| +3% | +$4.72M |
|
154
Lam Research
LRCX
$127B
| $182M | 0.14% |
3,197,660
-22,840
| -0.7% | -$1.3M |
|
155
Yum! Brands
YUM
$39.9B
| $181M | 0.14% |
1,479,864
-803,916
| -35% | -$98.3M |
|
156
Waste Connections
WCN
$46.6B
| $181M | 0.13% |
1,435,060
+29,138
| +2% | +$3.67M |
|
157
US Bancorp
USB
$76.5B
| $179M | 0.13% |
3,018,524
-1,341,036
| -31% | -$79.7M |
|
158
TJX Companies
TJX
$157B
| $178M | 0.13% |
2,698,001
-17,296
| -0.6% | -$1.14M |
|
|
SGEN
159
DELISTED
Seagen Inc. Common Stock
SGEN
| $177M | 0.13% |
1,044,028
+27,072
| +3% | +$4.6M |
|
160
Cloudflare
NET
$73.2B
| $177M | 0.13% |
1,572,725
+34,788
| +2% | +$3.92M |
|
161
Truist Financial
TFC
$60.7B
| $176M | 0.13% |
2,992,706
-170,975
| -5% | -$10M |
|
162
Nasdaq
NDAQ
$54.1B
| $172M | 0.13% |
2,674,857
+33,003
| +1% | +$2.12M |
|
163
Extra Space Storage
EXR
$30.5B
| $171M | 0.13% |
1,018,621
+19,165
| +2% | +$3.22M |
|
164
Chubb
CB
$112B
| $170M | 0.13% |
981,400
-375,516
| -28% | -$65.1M |
|
165
Liberty Broadband Class C
LBRDK
$8.53B
| $170M | 0.13% |
981,479
+28,890
| +3% | +$4.99M |
|
166
Garmin
GRMN
$45.7B
| $169M | 0.13% |
1,088,759
+16,597
| +2% | +$2.58M |
|
167
General Motors
GM
$55.4B
| $168M | 0.13% |
3,191,584
-34,577
| -1% | -$1.82M |
|
168
Willis Towers Watson
WTW
$32.2B
| $168M | 0.13% |
723,138
+5,956
| +0.8% | +$1.38M |
|
169
DTE Energy
DTE
$28.3B
| $168M | 0.13% |
1,503,082
-246,128
| -14% | -$27.5M |
|
170
Capital One
COF
$145B
| $168M | 0.13% |
1,035,979
-19,294
| -2% | -$3.13M |
|
171
Alexandria Real Estate Equities
ARE
$14.2B
| $163M | 0.12% |
854,872
+30,067
| +4% | +$5.74M |
|
172
Clorox
CLX
$15.2B
| $160M | 0.12% |
965,689
+4,398
| +0.5% | +$728K |
|
173
VeriSign
VRSN
$25.9B
| $160M | 0.12% |
779,040
+3,351
| +0.4% | +$687K |
|
174
Ameren
AEE
$27.3B
| $158M | 0.12% |
1,954,094
+45,786
| +2% | +$3.71M |
|
175
O'Reilly Automotive
ORLY
$89.1B
| $158M | 0.12% |
3,883,965
-15,675
| -0.4% | -$639K |
|