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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$224M |
| 3 |
Aflac
AFL
|
$52.6M |
| 4 |
Fiserv
FI
|
$36.2M |
| 5 |
JOBS
51job, Inc.
JOBS
|
$26.8M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$312M |
| 2 |
Amazon
AMZN
|
$153M |
| 3 |
Johnson & Johnson
JNJ
|
$75.8M |
| 4 |
Microsoft
MSFT
|
$69.7M |
| 5 |
Honeywell
HON
|
$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.6% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Freeport-McMoran
FCX
$64.5B
| $60.6M | 0.09% |
3,448,028
-526,314
| -13% | -$9.25M |
|
227
Amphenol
APH
$133B
| $60.5M | 0.09% |
702,673
-67,592
| -9% | -$5.82M |
|
228
Xcel Energy
XEL
$42.7B
| $60.3M | 0.09% |
1,326,542
-106,329
| -7% | -$4.84M |
|
229
Hartford Financial Services
HIG
$37.1B
| $60M | 0.09% |
1,165,114
-86,765
| -7% | -$4.47M |
|
|
PXD
230
DELISTED
Pioneer Natural Resource Co.
PXD
| $60M | 0.09% |
349,369
-26,936
| -7% | -$4.63M |
|
|
RHT
231
DELISTED
Red Hat Inc
RHT
| $59.8M | 0.09% |
399,652
-22,647
| -5% | -$3.39M |
|
232
KeyCorp
KEY
$20.8B
| $59.1M | 0.08% |
3,024,113
-107,325
| -3% | -$2.1M |
|
233
W.W. Grainger
GWW
$48.6B
| $59.1M | 0.08% |
209,444
+8,951
| +4% | +$2.53M |
|
234
Stanley Black & Decker
SWK
$11.1B
| $59M | 0.08% |
385,408
-9,949
| -3% | -$1.52M |
|
235
Roper Technologies
ROP
$55.9B
| $59M | 0.08% |
210,261
-43,537
| -17% | -$12.2M |
|
|
ALXN
236
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $58.7M | 0.08% |
526,569
-27,473
| -5% | -$3.06M |
|
237
Best Buy
BBY
$15.7B
| $58.7M | 0.08% |
838,363
-89,184
| -10% | -$6.24M |
|
238
VF Corp
VFC
$5.8B
| $58.5M | 0.08% |
789,655
-76,337
| -9% | -$5.66M |
|
239
Parker-Hannifin
PH
$95B
| $57.9M | 0.08% |
338,269
-22,760
| -6% | -$3.89M |
|
240
Rockwell Automation
ROK
$38B
| $57.6M | 0.08% |
330,845
-20,409
| -6% | -$3.56M |
|
241
Vanguard Real Estate ETF
VNQ
$34.1B
| $57.5M | 0.08% |
761,465
+138,771
| +22% | +$10.5M |
|
242
Citizens Financial Group
CFG
$22.3B
| $57M | 0.08% |
1,356,969
-151,770
| -10% | -$6.37M |
|
243
Aptiv
APTV
$17.1B
| $56.7M | 0.08% |
667,285
-44,740
| -6% | -$3.8M |
|
244
International Paper
IP
$26B
| $56.4M | 0.08% |
1,054,921
-17,132
| -2% | -$915K |
|
245
PACCAR
PCAR
$51.9B
| $56.3M | 0.08% |
851,004
+1,094
| +0.1% | +$72.4K |
|
246
Autodesk
ADSK
$68.3B
| $55.9M | 0.08% |
445,373
-28,781
| -6% | -$3.61M |
|
247
JD.com
JD
$44.8B
| $55.9M | 0.08% |
1,380,745
-494,413
| -26% | -$20M |
|
248
Trane Technologies
TT
$91.4B
| $55.7M | 0.08% |
651,134
+5,918
| +0.9% | +$506K |
|
249
O'Reilly Automotive
ORLY
$87.6B
| $54.9M | 0.08% |
221,800
-24,566
| -10% | -$6.08M |
|
|
TFCFA
250
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $54.6M | 0.08% |
1,488,207
-140,584
| -9% | -$5.16M |
|