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 |
Kraft Heinz
KHC
|
$103M |
| 2 |
NETSCOUT
NTCT
|
$102M |
| 3 |
PayPal
PYPL
|
$87.9M |
| 4 |
Netflix
NFLX
|
$87.2M |
| 5 |
AT&T
T
|
$53.9M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
$129M |
| 4 |
Apple
AAPL
|
$56.2M |
| 5 |
Danaher
DHR
|
$50.5M |
Sector Composition
| 1 | Financials | 16.47% |
| 2 | Technology | 14.3% |
| 3 | Healthcare | 14.2% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
BioMarin Pharmaceuticals
BMRN
$11.2B
| $38.8M | 0.07% |
368,500
| – | – |
|
|
TYC
302
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $38.7M | 0.07% |
1,157,100
-67,500
| -6% | -$2.26M |
|
303
Las Vegas Sands
LVS
$39.6B
| $38.2M | 0.07% |
1,007,100
-19,200
| -2% | -$729K |
|
304
Lincoln National
LNC
$8.14B
| $38.1M | 0.06% |
803,590
-34,600
| -4% | -$1.64M |
|
305
Trane Technologies
TT
$92.5B
| $38.1M | 0.06% |
751,153
-24,700
| -3% | -$1.25M |
|
|
JNPR
306
DELISTED
Juniper Networks
JNPR
| $38.1M | 0.06% |
1,482,931
-48,600
| -3% | -$1.25M |
|
307
Hershey
HSY
$37.7B
| $38.1M | 0.06% |
414,354
-12,900
| -3% | -$1.19M |
|
308
W.W. Grainger
GWW
$48.5B
| $38M | 0.06% |
176,769
-4,700
| -3% | -$1.01M |
|
309
Charter Communications
CHTR
$36.3B
| $38M | 0.06% |
215,961
+3,800
| +2% | +$668K |
|
310
Micron Technology
MU
$133B
| $37.6M | 0.06% |
2,509,500
-85,300
| -3% | -$1.28M |
|
311
CF Industries
CF
$14.2B
| $37.4M | 0.06% |
832,910
-26,700
| -3% | -$1.2M |
|
312
Principal Financial Group
PFG
$17.8B
| $37.3M | 0.06% |
787,400
-24,800
| -3% | -$1.17M |
|
313
Pediatrix Medical
MD
$1.5B
| $36.8M | 0.06% |
478,900
+22,800
| +5% | +$1.75M |
|
314
Tyson Foods
TSN
$20.2B
| $36.7M | 0.06% |
851,416
-21,400
| -2% | -$922K |
|
315
Seagate
STX
$36.3B
| $36.5M | 0.06% |
813,700
-20,400
| -2% | -$914K |
|
316
Akamai
AKAM
$11.3B
| $36.4M | 0.06% |
526,450
-15,800
| -3% | -$1.09M |
|
317
Essex Property Trust
ESS
$17.4B
| $36M | 0.06% |
161,034
+1,400
| +0.9% | +$313K |
|
318
Incyte
INCY
$16.8B
| $35.8M | 0.06% |
324,500
-5,500
| -2% | -$607K |
|
319
Genuine Parts
GPC
$19.4B
| $35.8M | 0.06% |
431,664
-24,700
| -5% | -$2.05M |
|
|
MMP
320
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $35.7M | 0.06% |
594,500
+1,600
| +0.3% | +$96.2K |
|
321
Alcoa
AA
$8.01B
| $35.6M | 0.06% |
3,686,123
+204,923
| +6% | +$1.98M |
|
322
Freeport-McMoran
FCX
$64.5B
| $35.5M | 0.06% |
3,667,793
+655,300
| +22% | +$6.35M |
|
323
Best Buy
BBY
$15.6B
| $35.1M | 0.06% |
946,418
-73,400
| -7% | -$2.72M |
|
324
Henry Schein
HSIC
$8.44B
| $35M | 0.06% |
263,725
-1,300
| -0.5% | -$173K |
|
325
American Water Works
AWK
$28B
| $34.8M | 0.06% |
631,469
-5,800
| -0.9% | -$319K |
|