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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
MMP
301
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $48.3M | 0.07% |
607,198
+12,900
| +2% | +$1.03M |
|
302
Lincoln National
LNC
$7.86B
| $48.2M | 0.07% |
933,340
+40,300
| +5% | +$2.08M |
|
303
Coca-Cola Europacific Partners
CCEP
$40.3B
| $47.8M | 0.07% |
1,106,198
+119,052
| +12% | +$5.14M |
|
304
Itaú Unibanco
ITUB
$75.8B
| $47.6M | 0.07% |
8,651,287
+876,264
| +11% | +$4.82M |
|
|
TFCF
305
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $47.6M | 0.07% |
1,443,111
-8,728
| -0.6% | -$288K |
|
306
Alaska Air
ALK
$7.23B
| $47.5M | 0.07% |
681,692
+66,300
| +11% | +$4.62M |
|
307
AGNC Investment
AGNC
$10.8B
| $47.2M | 0.07% |
2,156,230
+893,275
| +71% | +$19.6M |
|
308
AXIS Capital
AXS
$7.57B
| $47.1M | 0.07% |
900,045
+340,452
| +61% | +$17.8M |
|
|
SNDK
309
DELISTED
SANDISK CORP
SNDK
| $46.9M | 0.06% |
594,100
-24,955
| -4% | -$1.97M |
|
310
Hershey
HSY
$37.6B
| $46.7M | 0.06% |
427,854
+43,248
| +11% | +$4.72M |
|
|
311
Teva Pharmaceuticals
TEVA
$22.3B
| $46.7M | 0.06% |
790,268
+696,868
| +746% | +$41.2M |
|
312
Ryanair
RYAAY
$31.1B
| $46.6M | 0.06% |
1,663,976
| – | – |
|
|
CHK
313
DELISTED
Chesapeake Energy Corporation
CHK
| $46.6M | 0.06% |
11,509
+378
| +3% | +$1.53M |
|
314
Bunge Global
BG
$16.4B
| $46.6M | 0.06% |
506,622
+92,927
| +22% | +$8.54M |
|
315
Harley-Davidson
HOG
$3.64B
| $46.3M | 0.06% |
740,783
-116,700
| -14% | -$7.29M |
|
316
Nucor
NUE
$32.4B
| $46.2M | 0.06% |
1,030,761
+171,269
| +20% | +$7.68M |
|
317
Perrigo
PRGO
$3.04B
| $46.2M | 0.06% |
295,883
-14,169
| -5% | -$2.21M |
|
318
Republic Services
RSG
$71B
| $46.1M | 0.06% |
1,112,713
+39,600
| +4% | +$1.64M |
|
319
Genuine Parts
GPC
$19.4B
| $46.1M | 0.06% |
472,264
+6,900
| +1% | +$673K |
|
320
Roper Technologies
ROP
$55B
| $45.9M | 0.06% |
291,727
-16,500
| -5% | -$2.59M |
|
321
Motorola Solutions
MSI
$80.4B
| $45.7M | 0.06% |
704,073
-62,300
| -8% | -$4.05M |
|
322
Best Buy
BBY
$16.1B
| $45.7M | 0.06% |
1,289,576
-144,756
| -10% | -$5.12M |
|
|
GGP
323
DELISTED
GGP Inc.
GGP
| $45.4M | 0.06% |
1,449,735
-34,200
| -2% | -$1.07M |
|
324
American Water Works
AWK
$27.1B
| $45.3M | 0.06% |
797,669
+168,300
| +27% | +$9.56M |
|
325
SPDR S&P 500 ETF Trust
SPY
$663B
| $44.8M | 0.06% |
221,035
| – | – |
|