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 |
Medtronic
MDT
|
$293M |
| 2 |
Visa
V
|
$274M |
| 3 |
AGN
Allergan plc
AGN
|
$103M |
| 4 |
Starbucks
SBUX
|
$102M |
| 5 |
Marathon Petroleum
MPC
|
$44.3M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$179M |
| 2 |
Wells Fargo
WFC
|
$127M |
| 3 |
Microsoft
MSFT
|
$113M |
| 4 |
Occidental Petroleum
OXY
|
$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
BBBY
301
DELISTED
Bed Bath & Beyond Inc
BBBY
| $42.1M | 0.06% |
610,107
+37,200
| +6% | +$2.57M |
|
302
M&T Bank
MTB
$31.5B
| $42M | 0.06% |
336,280
+14,300
| +4% | +$1.79M |
|
303
Principal Financial Group
PFG
$17.8B
| $41.7M | 0.06% |
812,200
+1,133
| +0.1% | +$58.1K |
|
|
NBL
304
DELISTED
Noble Energy, Inc.
NBL
| $41.5M | 0.06% |
971,684
+35,400
| +4% | +$1.51M |
|
305
Lam Research
LRCX
$123B
| $41.4M | 0.06% |
508,600
-374,588
| -42% | -$30.5M |
|
|
PLL
306
DELISTED
PALL CORP
PLL
| $41.2M | 0.06% |
331,364
-15,900
| -5% | -$1.98M |
|
|
TFCF
307
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $41.1M | 0.06% |
1,274,600
-168,511
| -12% | -$5.43M |
|
308
DTE Energy
DTE
$28.2B
| $41M | 0.06% |
549,016
-6,100
| -1% | -$455K |
|
|
XL
309
DELISTED
XL Group Ltd.
XL
| $40.9M | 0.06% |
1,100,129
+88,829
| +9% | +$3.3M |
|
310
Genuine Parts
GPC
$19.4B
| $40.9M | 0.06% |
456,364
-15,900
| -3% | -$1.42M |
|
311
KeyCorp
KEY
$20.8B
| $40.5M | 0.06% |
2,695,744
-553,432
| -17% | -$8.31M |
|
312
Universal Health Services
UHS
$11.6B
| $40.4M | 0.06% |
284,488
-72,180
| -20% | -$10.3M |
|
|
ALTR
313
DELISTED
ALTERA CORP
ALTR
| $40.1M | 0.06% |
783,900
+251,234
| +47% | +$12.9M |
|
|
LVLT
314
DELISTED
Level 3 Communications Inc
LVLT
| $40M | 0.06% |
760,120
+31,990
| +4% | +$1.68M |
|
315
Clorox
CLX
$14.7B
| $39.9M | 0.06% |
383,200
-296,871
| -44% | -$30.9M |
|
|
JNPR
316
DELISTED
Juniper Networks
JNPR
| $39.8M | 0.06% |
1,531,531
-829,184
| -35% | -$21.5M |
|
317
Seagate
STX
$36.3B
| $39.6M | 0.06% |
834,100
+125,265
| +18% | +$5.95M |
|
318
Whirlpool
WHR
$5.06B
| $39.6M | 0.06% |
228,711
-47,680
| -17% | -$8.25M |
|
|
HOT
319
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $39.6M | 0.06% |
487,800
-76,310
| -14% | -$6.19M |
|
|
NLSN
320
DELISTED
Nielsen Holdings plc
NLSN
| $39.1M | 0.06% |
873,200
+50,200
| +6% | +$2.25M |
|
321
Motorola Solutions
MSI
$78.7B
| $39M | 0.06% |
680,073
-24,000
| -3% | -$1.38M |
|
322
Kohl's
KSS
$1.81B
| $38.9M | 0.06% |
620,594
-55,480
| -8% | -$3.47M |
|
|
TWTR
323
DELISTED
Twitter, Inc.
TWTR
| $38.8M | 0.06% |
1,071,700
-305,665
| -22% | -$11.1M |
|
324
Alcoa
AA
$8.01B
| $38.8M | 0.06% |
3,481,200
-1,401,051
| -29% | -$15.6M |
|
325
CarMax
KMX
$8.96B
| $38.7M | 0.06% |
584,000
+213,600
| +58% | +$14.1M |
|