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 |
Alphabet (Google) Class A
GOOGL
|
$394M |
| 2 |
Amazon
AMZN
|
$114M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
$99.1M |
| 4 |
Unilever
UL
|
$79.5M |
| 5 |
Intuitive Surgical
ISRG
|
$78.2M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$358M |
| 2 |
BCR
CR Bard Inc.
BCR
|
$61.1M |
| 3 |
Apple
AAPL
|
$37.6M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
$17.2M |
Sector Composition
| 1 | Financials | 17.93% |
| 2 | Technology | 15.61% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.75% |
| 5 | Consumer Discretionary | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
American Airlines Group
AAL
$8.84B
| $66.8M | 0.09% |
1,284,168
-30,420
| -2% | -$1.58M |
|
|
ALXN
227
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $66.3M | 0.09% |
554,042
+90,463
| +20% | +$10.8M |
|
228
Sempra
SRE
$53.9B
| $66M | 0.09% |
616,865
| – | – |
|
229
Edison International
EIX
$21.6B
| $65.8M | 0.09% |
1,039,886
+106,528
| +11% | +$6.74M |
|
230
Roper Technologies
ROP
$56.6B
| $65.7M | 0.09% |
253,798
+6,511
| +3% | +$1.69M |
|
231
Dollar General
DG
$23.9B
| $65.4M | 0.09% |
703,487
+81,276
| +13% | +$7.56M |
|
|
PXD
232
DELISTED
Pioneer Natural Resource Co.
PXD
| $65M | 0.09% |
376,305
+27,407
| +8% | +$4.74M |
|
233
Hewlett Packard
HPE
$29.8B
| $65M | 0.09% |
4,527,352
+163,912
| +4% | +$2.35M |
|
234
VF Corp
VFC
$5.8B
| $64.1M | 0.09% |
865,992
+45,527
| +6% | +$3.37M |
|
235
Best Buy
BBY
$15.6B
| $63.5M | 0.09% |
927,547
+36,866
| +4% | +$2.52M |
|
236
Citizens Financial Group
CFG
$22.6B
| $63.3M | 0.09% |
1,508,739
+70,283
| +5% | +$2.95M |
|
237
KeyCorp
KEY
$20.8B
| $63.2M | 0.09% |
3,131,438
+139,217
| +5% | +$2.81M |
|
238
DXC Technology
DXC
$2.57B
| $62.2M | 0.08% |
655,447
+1,917
| +0.3% | +$182K |
|
239
Republic Services
RSG
$73B
| $62.2M | 0.08% |
919,777
-842
| -0.1% | -$56.9K |
|
240
International Paper
IP
$26.2B
| $62.1M | 0.08% |
1,072,053
-46,575
| -4% | -$2.7M |
|
|
PARA
241
DELISTED
Paramount Global Class B
PARA
| $61.8M | 0.08% |
1,046,614
+35,939
| +4% | +$2.12M |
|
242
PACCAR
PCAR
$52.5B
| $60.4M | 0.08% |
849,910
+27,219
| +3% | +$1.93M |
|
243
Aptiv
APTV
$17.3B
| $60.4M | 0.08% |
712,025
+2,357
| +0.3% | +$200K |
|
244
NetEase
NTES
$85.9B
| $60.4M | 0.08% |
175,032
+36,404
| +26% | +$12.6M |
|
245
WEC Energy
WEC
$34.3B
| $59.5M | 0.08% |
895,272
+66,908
| +8% | +$4.44M |
|
246
Dollar Tree
DLTR
$23.2B
| $59.5M | 0.08% |
554,000
+15,845
| +3% | +$1.7M |
|
247
O'Reilly Automotive
ORLY
$88B
| $59.3M | 0.08% |
246,366
-22
| -0% | -$5.29K |
|
248
Welltower
WELL
$113B
| $58M | 0.08% |
910,233
+50,609
| +6% | +$3.23M |
|
249
Paychex
PAYX
$50.1B
| $57.9M | 0.08% |
850,877
+34,491
| +4% | +$2.35M |
|
250
Equity Residential
EQR
$25.3B
| $57.8M | 0.08% |
906,693
+25,725
| +3% | +$1.64M |
|