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 |
Kraft Heinz
KHC
|
$103M |
| 2 |
NETSCOUT
NTCT
|
$102M |
| 3 |
PayPal
PYPL
|
$87.9M |
| 4 |
Netflix
NFLX
|
$87.2M |
| 5 |
AT&T
T
|
$53.9M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
$129M |
| 4 |
Apple
AAPL
|
$56.2M |
| 5 |
Danaher
DHR
|
$50.5M |
Sector Composition
| 1 | Financials | 16.47% |
| 2 | Technology | 14.3% |
| 3 | Healthcare | 14.2% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
PPL Corp
PPL
$27B
| $51.4M | 0.09% |
1,562,719
-51,300
| -3% | -$1.69M |
|
227
Omnicom Group
OMC
$15.2B
| $50.5M | 0.09% |
765,910
-24,100
| -3% | -$1.59M |
|
228
Monster Beverage
MNST
$60.9B
| $49.9M | 0.08% |
369,406
-9,500
| -3% | -$1.28M |
|
229
Applied Materials
AMAT
$128B
| $49.4M | 0.08% |
3,364,990
-297,600
| -8% | -$4.37M |
|
230
Boston Properties
BXP
$11.5B
| $49.3M | 0.08% |
416,448
-100
| -0% | -$11.8K |
|
231
PACCAR
PCAR
$52.5B
| $49.1M | 0.08% |
941,855
-8,500
| -0.9% | -$443K |
|
|
LNKD
232
DELISTED
LinkedIn Corporation
LNKD
| $48.7M | 0.08% |
256,300
-15,200
| -6% | -$2.89M |
|
233
Conagra Brands
CAG
$9.16B
| $48.5M | 0.08% |
1,197,100
-47,400
| -4% | -$1.92M |
|
234
Healthpeak Properties
DOC
$12.5B
| $48.4M | 0.08% |
1,298,460
+8,400
| +0.7% | +$313K |
|
235
Baxter International
BAX
$12.7B
| $48.3M | 0.08% |
1,471,223
-42,000
| -3% | -$1.38M |
|
236
APA Corp
APA
$8.31B
| $48.1M | 0.08% |
1,228,740
+114,600
| +10% | +$4.49M |
|
237
Kellanova
K
$27.6B
| $48.1M | 0.08% |
722,254
+20,500
| +3% | +$1.36M |
|
238
Intuitive Surgical
ISRG
$170B
| $48M | 0.08% |
104,400
-3,100
| -3% | -$1.42M |
|
|
PARA
239
DELISTED
Paramount Global Class B
PARA
| $47.6M | 0.08% |
1,192,613
-65,818
| -5% | -$2.63M |
|
|
CERN
240
DELISTED
Cerner Corp
CERN
| $47.5M | 0.08% |
791,796
-35,700
| -4% | -$2.14M |
|
241
Blackstone
BX
$134B
| $47.4M | 0.08% |
1,497,600
-4,800
| -0.3% | -$152K |
|
242
Energy Transfer Partners
ET
$60.8B
| $47.1M | 0.08% |
2,265,600
+1,080,800
| +91% | +$22.5M |
|
243
Dollar Tree
DLTR
$22.8B
| $47M | 0.08% |
704,894
+52,804
| +8% | +$3.52M |
|
244
Estee Lauder
EL
$33B
| $47M | 0.08% |
581,976
-29,800
| -5% | -$2.4M |
|
245
Fifth Third Bancorp
FITB
$30.3B
| $46.9M | 0.08% |
2,478,081
-36,400
| -1% | -$688K |
|
246
United Airlines
UAL
$34B
| $46.8M | 0.08% |
883,000
-8,600
| -1% | -$456K |
|
|
HES
247
DELISTED
Hess
HES
| $46.6M | 0.08% |
931,051
+29,800
| +3% | +$1.49M |
|
|
VIAB
248
DELISTED
Viacom Inc. Class B
VIAB
| $46.6M | 0.08% |
1,079,018
-58,800
| -5% | -$2.54M |
|
249
Keurig Dr Pepper
KDP
$39.5B
| $46.3M | 0.08% |
586,018
-7,100
| -1% | -$561K |
|
250
Roper Technologies
ROP
$56.6B
| $46.1M | 0.08% |
294,127
-7,000
| -2% | -$1.1M |
|