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 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
Alibaba
BABA
|
$274M |
| 3 |
Verizon
VZ
|
$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 5 |
Amazon
AMZN
|
$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
$185M |
| 2 |
CELG
Celgene Corp
CELG
|
$168M |
| 3 |
Procter & Gamble
PG
|
$121M |
| 4 |
Honeywell
HON
|
$109M |
| 5 |
Progressive
PGR
|
$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Liberty Broadband Class C
LBRDK
$8.61B
| $109M | 0.1% |
868,678
+21,369
| +3% | +$2.69M |
|
|
WBA
227
DELISTED
Walgreens Boots Alliance
WBA
| $109M | 0.1% |
1,850,858
-100,170
| -5% | -$5.91M |
|
228
NVR
NVR
$23.5B
| $109M | 0.1% |
28,551
+20,555
| +257% | +$78.3M |
|
229
General Motors
GM
$55.5B
| $109M | 0.1% |
2,967,896
+36,837
| +1% | +$1.35M |
|
230
Alliant Energy
LNT
$16.6B
| $108M | 0.1% |
1,980,889
+83,531
| +4% | +$4.57M |
|
231
Hormel Foods
HRL
$14.1B
| $108M | 0.1% |
2,400,551
-61,910
| -3% | -$2.79M |
|
232
General Dynamics
GD
$86.8B
| $107M | 0.1% |
605,574
+19,091
| +3% | +$3.37M |
|
233
Estee Lauder
EL
$32.1B
| $106M | 0.1% |
515,271
-61,265
| -11% | -$12.7M |
|
|
ATVI
234
DELISTED
Activision Blizzard Inc.
ATVI
| $105M | 0.1% |
1,771,976
+357,598
| +25% | +$21.2M |
|
235
Lam Research
LRCX
$130B
| $104M | 0.09% |
3,555,160
-261,760
| -7% | -$7.65M |
|
236
Autodesk
ADSK
$69.5B
| $103M | 0.09% |
563,304
+91,878
| +19% | +$16.9M |
|
237
Analog Devices
ADI
$122B
| $103M | 0.09% |
868,626
+66,509
| +8% | +$7.9M |
|
238
Fidelity National Financial
FNF
$16.5B
| $103M | 0.09% |
2,356,161
+2,871
| +0.1% | +$125K |
|
|
DRE
239
DELISTED
Duke Realty Corp.
DRE
| $102M | 0.09% |
2,949,675
+42,392
| +1% | +$1.47M |
|
240
Bank of New York Mellon
BK
$73.1B
| $102M | 0.09% |
2,029,511
-7,055
| -0.3% | -$355K |
|
241
Lamb Weston
LW
$8.08B
| $102M | 0.09% |
1,186,963
+28,740
| +2% | +$2.47M |
|
242
Nasdaq
NDAQ
$53.6B
| $102M | 0.09% |
2,858,022
+39,081
| +1% | +$1.4M |
|
243
Equity Lifestyle Properties
ELS
$12B
| $101M | 0.09% |
1,439,015
+700,951
| +95% | +$49.3M |
|
244
Dollar Tree
DLTR
$20.6B
| $101M | 0.09% |
1,069,070
-29,536
| -3% | -$2.78M |
|
245
Marriott International Class A Common Stock
MAR
$71.9B
| $99.4M | 0.09% |
656,265
-16,790
| -2% | -$2.54M |
|
246
Garmin
GRMN
$45.7B
| $98.7M | 0.09% |
1,011,422
+6,403
| +0.6% | +$625K |
|
247
Verisk Analytics
VRSK
$37.8B
| $98.3M | 0.09% |
658,380
-14,291
| -2% | -$2.13M |
|
248
Enterprise Products Partners
EPD
$68.6B
| $98.3M | 0.09% |
3,491,505
+44,418
| +1% | +$1.25M |
|
249
MetLife
MET
$52.9B
| $98M | 0.09% |
1,923,190
-70,153
| -4% | -$3.58M |
|
250
Kinder Morgan
KMI
$59.1B
| $97.7M | 0.09% |
4,615,246
-133,008
| -3% | -$2.82M |
|