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 | |
|---|---|---|---|---|---|---|
201
Lam Research
LRCX
$130B
| $106M | 0.1% |
3,283,600
-49,080
| -1% | -$1.59M |
|
202
Markel Group
MKL
$24.2B
| $106M | 0.1% |
115,008
+3,291
| +3% | +$3.04M |
|
203
Leidos
LDOS
$23B
| $106M | 0.1% |
1,130,757
+8,875
| +0.8% | +$831K |
|
204
Corpay
CPAY
$22.4B
| $105M | 0.1% |
416,159
+5,473
| +1% | +$1.38M |
|
205
Garmin
GRMN
$45.7B
| $103M | 0.1% |
1,056,515
+66,587
| +7% | +$6.49M |
|
206
Check Point Software Technologies
CHKP
$20.7B
| $103M | 0.1% |
956,649
-20,382
| -2% | -$2.19M |
|
207
FirstEnergy
FE
$25.1B
| $103M | 0.1% |
2,649,313
+87,403
| +3% | +$3.39M |
|
208
Atmos Energy
ATO
$26.7B
| $102M | 0.1% |
1,026,488
+60,065
| +6% | +$5.98M |
|
209
ConocoPhillips
COP
$116B
| $102M | 0.1% |
2,427,858
-78,666
| -3% | -$3.31M |
|
210
Biogen
BIIB
$20.6B
| $101M | 0.1% |
378,360
-23,929
| -6% | -$6.4M |
|
211
Analog Devices
ADI
$122B
| $101M | 0.1% |
824,693
-2,034
| -0.2% | -$249K |
|
212
J.M. Smucker
SJM
$12B
| $101M | 0.1% |
954,952
+488
| +0.1% | +$51.6K |
|
213
Norfolk Southern
NSC
$62.3B
| $101M | 0.1% |
574,493
-8,653
| -1% | -$1.52M |
|
214
Moody's
MCO
$89.5B
| $101M | 0.1% |
365,933
-2,917
| -0.8% | -$801K |
|
215
Boston Scientific
BSX
$159B
| $100M | 0.1% |
2,860,868
-269,080
| -9% | -$9.45M |
|
216
PNC Financial Services
PNC
$80.5B
| $100M | 0.1% |
951,858
-43,480
| -4% | -$4.57M |
|
217
BioMarin Pharmaceuticals
BMRN
$11.1B
| $100M | 0.1% |
811,610
+410,530
| +102% | +$50.6M |
|
218
Omnicom Group
OMC
$15.4B
| $100M | 0.1% |
1,831,292
+48,690
| +3% | +$2.66M |
|
219
Extra Space Storage
EXR
$31.3B
| $99.9M | 0.1% |
1,081,522
-4,182
| -0.4% | -$386K |
|
220
Dollar Tree
DLTR
$20.6B
| $99M | 0.1% |
1,067,883
+30,936
| +3% | +$2.87M |
|
221
Alliant Energy
LNT
$16.6B
| $98.5M | 0.1% |
2,058,027
+113,695
| +6% | +$5.44M |
|
222
Genuine Parts
GPC
$19.4B
| $97.9M | 0.1% |
1,125,872
+65,493
| +6% | +$5.7M |
|
223
Akamai
AKAM
$11.3B
| $97.9M | 0.1% |
913,903
+38,410
| +4% | +$4.11M |
|
224
W.P. Carey
WPC
$14.9B
| $97.8M | 0.1% |
1,475,845
-5,803
| -0.4% | -$384K |
|
225
Arch Capital
ACGL
$34.1B
| $96.8M | 0.1% |
3,377,768
+128,650
| +4% | +$3.69M |
|