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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
251
Campbell Soup
CPB
$9.38B
| $65M | 0.08% |
1,407,523
+42,350
| +3% | +$1.95M |
|
|
Y
252
DELISTED
Alleghany Corporation
Y
| $64.9M | 0.08% |
117,449
-1,825
| -2% | -$1.01M |
|
253
Western Union
WU
$2.83B
| $64.7M | 0.08% |
3,569,156
+67,218
| +2% | +$1.22M |
|
254
Electronic Arts
EA
$42.9B
| $64.2M | 0.08% |
640,643
-54,670
| -8% | -$5.48M |
|
255
Everest Group
EG
$14.5B
| $64.1M | 0.08% |
333,030
-7,275
| -2% | -$1.4M |
|
256
Camden Property Trust
CPT
$11.6B
| $64M | 0.08% |
807,726
+7,571
| +0.9% | +$600K |
|
257
Coca-Cola Europacific Partners
CCEP
$39.7B
| $62.7M | 0.08% |
1,670,373
-25,554
| -2% | -$959K |
|
258
W.R. Berkley
WRB
$27.3B
| $62.5M | 0.08% |
1,198,147
-17,924
| -1% | -$935K |
|
259
Bank of New York Mellon
BK
$73.8B
| $62.1M | 0.08% |
1,844,953
-184,558
| -9% | -$6.22M |
|
260
Kinder Morgan
KMI
$59.4B
| $61.6M | 0.07% |
4,423,725
-191,521
| -4% | -$2.67M |
|
261
Henry Schein
HSIC
$8.29B
| $61.2M | 0.07% |
1,211,635
-20,562
| -2% | -$1.04M |
|
262
SiriusXM
SIRI
$7.78B
| $60.9M | 0.07% |
12,325,781
-389,439
| -3% | -$1.92M |
|
263
Annaly Capital Management
NLY
$13.5B
| $60.4M | 0.07% |
11,915,014
-246,919
| -2% | -$1.25M |
|
264
Simon Property Group
SPG
$58.4B
| $59.9M | 0.07% |
1,091,077
-1,094,128
| -50% | -$60M |
|
265
T-Mobile US
TMUS
$288B
| $59.5M | 0.07% |
709,278
-41,358
| -6% | -$3.47M |
|
266
General Motors
GM
$55.7B
| $59.2M | 0.07% |
2,849,769
-118,127
| -4% | -$2.45M |
|
|
WBC
267
DELISTED
WABCO HOLDINGS INC.
WBC
| $58.4M | 0.07% |
432,447
+1,571
| +0.4% | +$212K |
|
268
Credicorp
BAP
$20.6B
| $58.4M | 0.07% |
408,041
+450
| +0.1% | +$64.4K |
|
269
Globe Life
GL
$11.3B
| $58.2M | 0.07% |
808,557
-72,046
| -8% | -$5.19M |
|
270
HP
HPQ
$27.1B
| $58.2M | 0.07% |
3,351,162
-281,547
| -8% | -$4.89M |
|
271
DuPont de Nemours
DD
$31.7B
| $57.3M | 0.07% |
1,680,314
-90,927
| -5% | -$3.1M |
|
272
Fidelity National Financial
FNF
$15.9B
| $57.2M | 0.07% |
2,298,624
+33,085
| +1% | +$823K |
|
273
HCA Healthcare
HCA
$95B
| $55.7M | 0.07% |
620,420
-28,064
| -4% | -$2.52M |
|
274
Phillips 66
PSX
$54.1B
| $54.8M | 0.07% |
1,022,182
-72,324
| -7% | -$3.88M |
|
275
MetLife
MET
$53.6B
| $54.8M | 0.07% |
1,792,084
-131,106
| -7% | -$4.01M |
|