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 | |
|---|---|---|---|---|---|---|
176
Illinois Tool Works
ITW
$77.6B
| $152M | 0.12% |
747,963
+22,971
| +3% | +$4.68M |
|
177
PNC Financial Services
PNC
$80.5B
| $151M | 0.12% |
1,012,187
+37,449
| +4% | +$5.58M |
|
178
FedEx
FDX
$53.7B
| $150M | 0.12% |
579,349
+21,948
| +4% | +$5.7M |
|
179
Cooper Companies
COO
$13.5B
| $150M | 0.12% |
1,647,860
+3,036
| +0.2% | +$276K |
|
180
Norfolk Southern
NSC
$62.3B
| $145M | 0.11% |
610,104
+20,124
| +3% | +$4.78M |
|
181
Sherwin-Williams
SHW
$92.9B
| $145M | 0.11% |
590,625
+20,412
| +4% | +$5M |
|
182
Air Products & Chemicals
APD
$64.5B
| $144M | 0.11% |
525,988
+18,891
| +4% | +$5.16M |
|
183
Verisk Analytics
VRSK
$37.8B
| $143M | 0.11% |
687,474
+17,542
| +3% | +$3.64M |
|
184
Broadridge
BR
$29.4B
| $142M | 0.11% |
928,436
-26,199
| -3% | -$4.01M |
|
185
Alexandria Real Estate Equities
ARE
$14.5B
| $142M | 0.11% |
794,924
+9,321
| +1% | +$1.66M |
|
186
Tyler Technologies
TYL
$24.2B
| $141M | 0.11% |
324,088
-7,184
| -2% | -$3.14M |
|
187
Estee Lauder
EL
$32.1B
| $141M | 0.11% |
529,239
+61,180
| +13% | +$16.3M |
|
188
CMS Energy
CMS
$21.4B
| $141M | 0.11% |
2,303,813
-77,447
| -3% | -$4.73M |
|
189
Akamai
AKAM
$11.3B
| $138M | 0.11% |
1,311,480
-36,302
| -3% | -$3.81M |
|
|
CERN
190
DELISTED
Cerner Corp
CERN
| $136M | 0.11% |
1,734,902
+52,596
| +3% | +$4.13M |
|
191
Baidu
BIDU
$35.1B
| $136M | 0.1% |
626,652
-23,491
| -4% | -$5.08M |
|
192
Invitation Homes
INVH
$18.5B
| $135M | 0.1% |
4,532,525
-33,884
| -0.7% | -$1.01M |
|
193
Northrop Grumman
NOC
$83.2B
| $132M | 0.1% |
434,660
+15,884
| +4% | +$4.84M |
|
194
Garmin
GRMN
$45.7B
| $131M | 0.1% |
1,095,486
+27,891
| +3% | +$3.34M |
|
195
General Motors
GM
$55.5B
| $131M | 0.1% |
3,139,660
+138,020
| +5% | +$5.75M |
|
196
Incyte
INCY
$16.9B
| $131M | 0.1% |
1,501,184
-31,559
| -2% | -$2.75M |
|
197
Humana
HUM
$37B
| $131M | 0.1% |
318,097
+12,030
| +4% | +$4.94M |
|
198
Illumina
ILMN
$15.7B
| $130M | 0.1% |
361,572
+14,043
| +4% | +$5.05M |
|
199
Analog Devices
ADI
$122B
| $130M | 0.1% |
876,707
+29,840
| +4% | +$4.41M |
|
200
Quest Diagnostics
DGX
$20.5B
| $129M | 0.1% |
1,086,290
-27,230
| -2% | -$3.24M |
|