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 |
Walt Disney
DIS
|
$134M |
| 2 |
PepsiCo
PEP
|
$132M |
| 3 |
Coca-Cola
KO
|
$126M |
| 4 |
Procter & Gamble
PG
|
$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$315M |
| 2 |
Mastercard
MA
|
$267M |
| 3 |
Apple
AAPL
|
$221M |
| 4 |
RTN
Raytheon Company
RTN
|
$149M |
| 5 |
Northrop Grumman
NOC
|
$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
251
Vornado Realty Trust
VNO
$7.23B
| $73M | 0.09% |
1,083,145
+196,042
| +22% | +$13.2M |
|
252
FirstEnergy
FE
$25B
| $72.9M | 0.09% |
1,751,497
+195,580
| +13% | +$8.14M |
|
253
Coca-Cola Europacific Partners
CCEP
$39.6B
| $72.4M | 0.09% |
1,400,157
+219,037
| +19% | +$11.3M |
|
254
Avery Dennison
AVY
$13.2B
| $70.8M | 0.09% |
626,495
+90,711
| +17% | +$10.3M |
|
255
Atmos Energy
ATO
$26.6B
| $70.7M | 0.09% |
686,546
+110,295
| +19% | +$11.4M |
|
256
Air Products & Chemicals
APD
$64.9B
| $70.1M | 0.09% |
367,009
-15,020
| -4% | -$2.87M |
|
257
Verisk Analytics
VRSK
$36.9B
| $69.3M | 0.09% |
520,916
+68,106
| +15% | +$9.06M |
|
258
Alliant Energy
LNT
$16.6B
| $69.3M | 0.09% |
1,469,690
+280,211
| +24% | +$13.2M |
|
259
Jack Henry & Associates
JKHY
$11.7B
| $69.1M | 0.09% |
497,771
+87,896
| +21% | +$12.2M |
|
260
Alexandria Real Estate Equities
ARE
$13.8B
| $68.9M | 0.08% |
483,304
+75,812
| +19% | +$10.8M |
|
|
STI
261
DELISTED
SunTrust Banks, Inc.
STI
| $67.8M | 0.08% |
1,143,992
-122,919
| -10% | -$7.28M |
|
|
CERN
262
DELISTED
Cerner Corp
CERN
| $67.5M | 0.08% |
1,180,535
+191,435
| +19% | +$11M |
|
263
Lamb Weston
LW
$7.88B
| $67.1M | 0.08% |
895,367
+629,020
| +236% | +$47.1M |
|
264
Nasdaq
NDAQ
$53.6B
| $67M | 0.08% |
765,967
+131,660
| +21% | +$11.5M |
|
265
Cummins
CMI
$54.3B
| $67M | 0.08% |
424,339
-9,800
| -2% | -$1.55M |
|
266
Pinnacle West Capital
PNW
$10.6B
| $66.4M | 0.08% |
694,204
+116,099
| +20% | +$11.1M |
|
|
WP
267
DELISTED
Worldpay, Inc.
WP
| $66.1M | 0.08% |
582,209
-498,633
| -46% | -$56.6M |
|
268
Garmin
GRMN
$44.7B
| $66.1M | 0.08% |
764,928
+114,083
| +18% | +$9.85M |
|
269
Sherwin-Williams
SHW
$89.9B
| $66M | 0.08% |
153,325
-4,311
| -3% | -$1.86M |
|
270
F5
FFIV
$17.7B
| $65.8M | 0.08% |
419,582
+57,978
| +16% | +$9.1M |
|
271
Truist Financial
TFC
$59.4B
| $65.5M | 0.08% |
1,407,919
-169,468
| -11% | -$7.89M |
|
272
Lam Research
LRCX
$123B
| $65.4M | 0.08% |
365,110
-61,517
| -14% | -$11M |
|
273
Leidos
LDOS
$23.2B
| $65.3M | 0.08% |
1,019,185
+167,018
| +20% | +$10.7M |
|
274
LyondellBasell Industries
LYB
$17.8B
| $64.9M | 0.08% |
771,991
-76,066
| -9% | -$6.4M |
|
|
DRE
275
DELISTED
Duke Realty Corp.
DRE
| $64.8M | 0.08% |
2,119,847
+367,919
| +21% | +$11.3M |
|