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 |
DuPont de Nemours
DD
|
+$176M |
| 2 |
Microsoft
MSFT
|
+$97.3M |
| 3 |
Apple
AAPL
|
+$66.4M |
| 4 |
Meta Platforms (Facebook)
META
|
+$61.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$59.5M |
Top Sells
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$173M |
| 2 |
BHI
Baker Hughes
BHI
|
+$56.5M |
| 3 |
Synchrony
SYF
|
+$40.3M |
| 4 |
Alibaba
BABA
|
+$38.7M |
| 5 |
AABA
Altaba Inc. Common Stock
AABA
|
+$35.1M |
Sector Composition
| 1 | Financials | 17.96% |
| 2 | Technology | 15.59% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.91% |
| 5 | Consumer Discretionary | 9.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
CenterPoint Energy
CNP
$24.5B
| $41.3M | 0.06% |
1,414,659
+51,222
| +4% | +$1.5M |
|
302
Clorox
CLX
$15.3B
| $41.1M | 0.06% |
311,910
+24,410
| +8% | +$3.22M |
|
303
Keurig Dr Pepper
KDP
$37.8B
| $41.1M | 0.06% |
464,227
+19,809
| +4% | +$1.75M |
|
|
ANDV
304
DELISTED
Andeavor
ANDV
| $41M | 0.06% |
397,226
-6,835
| -2% | -$705K |
|
305
Travel + Leisure Co
TNL
$4.06B
| $40.8M | 0.06% |
858,184
+14,639
| +2% | +$697K |
|
306
Ameren
AEE
$26.8B
| $40.5M | 0.06% |
700,000
+33,400
| +5% | +$1.93M |
|
307
Unum
UNM
$12.5B
| $40.2M | 0.06% |
785,277
+27,791
| +4% | +$1.42M |
|
308
Global Payments
GPN
$21.1B
| $40.1M | 0.06% |
422,255
+11,229
| +3% | +$1.07M |
|
309
Annaly Capital Management
NLY
$14.3B
| $40M | 0.06% |
819,701
+55,975
| +7% | +$2.73M |
|
310
AutoZone
AZO
$70.5B
| $39.7M | 0.06% |
66,763
+2,490
| +4% | +$1.48M |
|
311
Nucor
NUE
$32.6B
| $39.5M | 0.06% |
704,698
+38,937
| +6% | +$2.18M |
|
312
Lumen
LUMN
$5.36B
| $39.4M | 0.06% |
2,086,872
+83,671
| +4% | +$1.58M |
|
|
CXO
313
DELISTED
CONCHO RESOURCES INC.
CXO
| $39.2M | 0.06% |
297,930
+6,830
| +2% | +$900K |
|
314
Hershey
HSY
$38.1B
| $39.2M | 0.06% |
358,898
+3,044
| +0.9% | +$332K |
|
315
Blackstone
BX
$136B
| $39.2M | 0.06% |
1,173,288
+101,888
| +10% | +$3.4M |
|
316
Comerica
CMA
$8.84B
| $39.1M | 0.06% |
512,913
+21,749
| +4% | +$1.66M |
|
317
Quest Diagnostics
DGX
$20.4B
| $38.6M | 0.06% |
411,800
+26,980
| +7% | +$2.53M |
|
318
ServiceNow
NOW
$193B
| $38.5M | 0.06% |
327,827
+14,927
| +5% | +$1.75M |
|
319
Lear
LEA
$5.9B
| $38.4M | 0.06% |
221,598
+5,198
| +2% | +$900K |
|
320
T-Mobile US
TMUS
$272B
| $38.3M | 0.06% |
621,211
+50,311
| +9% | +$3.1M |
|
|
FRC
321
DELISTED
First Republic Bank
FRC
| $38.3M | 0.06% |
366,398
+22,798
| +7% | +$2.38M |
|
322
Expedia Group
EXPE
$26.8B
| $38.1M | 0.06% |
264,671
+5,787
| +2% | +$833K |
|
323
Dover
DOV
$23.9B
| $38M | 0.06% |
514,483
+11,300
| +2% | +$834K |
|
324
L3Harris
LHX
$50.4B
| $37.9M | 0.06% |
288,042
+14,281
| +5% | +$1.88M |
|
325
Kellanova
K
$27.7B
| $37.7M | 0.06% |
644,041
+32,460
| +5% | +$1.9M |
|