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 | |
|---|---|---|---|---|---|---|
201
Kellanova
K
$27.8B
| $129M | 0.1% |
2,200,777
-71,287
| -3% | -$4.17M |
|
202
NIO
NIO
$13.4B
| $126M | 0.1% |
2,579,370
+284,842
| +12% | +$13.9M |
|
|
CTXS
203
DELISTED
Citrix Systems Inc
CTXS
| $125M | 0.1% |
964,366
-27,080
| -3% | -$3.52M |
|
204
DuPont de Nemours
DD
$32.6B
| $125M | 0.1% |
1,761,054
+68,281
| +4% | +$4.86M |
|
205
Digital Realty Trust
DLR
$55.7B
| $125M | 0.1% |
894,950
+53,650
| +6% | +$7.48M |
|
206
O'Reilly Automotive
ORLY
$89B
| $124M | 0.1% |
4,123,785
+68,700
| +2% | +$2.07M |
|
207
Edwards Lifesciences
EW
$47.5B
| $124M | 0.1% |
1,359,751
-56,936
| -4% | -$5.19M |
|
208
Sun Communities
SUI
$16.2B
| $123M | 0.1% |
812,755
+3,186
| +0.4% | +$484K |
|
209
Nasdaq
NDAQ
$53.6B
| $123M | 0.09% |
2,781,912
-84,633
| -3% | -$3.74M |
|
210
Domino's
DPZ
$15.7B
| $122M | 0.09% |
318,293
+94,333
| +42% | +$36.2M |
|
211
Cadence Design Systems
CDNS
$95.6B
| $121M | 0.09% |
883,404
+26,316
| +3% | +$3.59M |
|
212
Extra Space Storage
EXR
$31.3B
| $120M | 0.09% |
1,036,034
-31,371
| -3% | -$3.63M |
|
213
Dollar Tree
DLTR
$20.6B
| $120M | 0.09% |
1,108,996
+33,952
| +3% | +$3.67M |
|
|
DRE
214
DELISTED
Duke Realty Corp.
DRE
| $119M | 0.09% |
2,985,656
-80,842
| -3% | -$3.23M |
|
215
Corpay
CPAY
$22.4B
| $119M | 0.09% |
437,280
+10,770
| +3% | +$2.94M |
|
216
Pinduoduo
PDD
$177B
| $119M | 0.09% |
667,591
+8,069
| +1% | +$1.43M |
|
217
Check Point Software Technologies
CHKP
$20.7B
| $118M | 0.09% |
886,518
-44,135
| -5% | -$5.87M |
|
218
Mid-America Apartment Communities
MAA
$17B
| $117M | 0.09% |
925,191
-28,828
| -3% | -$3.65M |
|
|
TIF
219
DELISTED
Tiffany & Co.
TIF
| $117M | 0.09% |
888,853
-48,390
| -5% | -$6.36M |
|
220
Genuine Parts
GPC
$19.4B
| $116M | 0.09% |
1,159,919
+21,373
| +2% | +$2.15M |
|
221
NVR
NVR
$23.5B
| $115M | 0.09% |
28,233
-594
| -2% | -$2.42M |
|
222
Leidos
LDOS
$23B
| $115M | 0.09% |
1,093,173
-32,501
| -3% | -$3.42M |
|
223
Eaton
ETN
$136B
| $115M | 0.09% |
955,946
+33,058
| +4% | +$3.97M |
|
224
Emerson Electric
EMR
$74.6B
| $115M | 0.09% |
1,427,428
+52,614
| +4% | +$4.23M |
|
225
Markel Group
MKL
$24.2B
| $114M | 0.09% |
110,725
-3,400
| -3% | -$3.51M |
|