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 |
Coca-Cola
KO
|
+$203M |
| 2 |
PepsiCo
PEP
|
+$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
+$113M |
| 4 |
Newmont
NEM
|
+$111M |
| 5 |
McDonald's
MCD
|
+$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$512M |
| 2 |
Apple
AAPL
|
+$248M |
| 3 |
Microsoft
MSFT
|
+$209M |
| 4 |
JPMorgan Chase
JPM
|
+$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
Trane Technologies
TT
$92.3B
| $61.1M | 0.07% |
482,360
-62,318
| -11% | -$7.89M |
|
302
Invitation Homes
INVH
$18.5B
| $60.5M | 0.07% |
2,262,516
+566,164
| +33% | +$15.1M |
|
303
American Financial Group
AFG
$11.5B
| $59.9M | 0.07% |
584,808
+87,741
| +18% | +$8.99M |
|
304
Moody's
MCO
$91B
| $59.5M | 0.07% |
304,520
-3,960
| -1% | -$773K |
|
|
RHT
305
DELISTED
Red Hat Inc
RHT
| $58.3M | 0.07% |
310,337
+15,242
| +5% | +$2.86M |
|
306
PPG Industries
PPG
$25.2B
| $58.2M | 0.07% |
498,885
-58,936
| -11% | -$6.88M |
|
307
Lam Research
LRCX
$133B
| $57.4M | 0.07% |
3,055,500
-595,600
| -16% | -$11.2M |
|
308
iShares Core S&P 500 ETF
IVV
$666B
| $57.3M | 0.07% |
194,459
-225,382
| -54% | -$66.4M |
|
309
Dow Inc
DOW
$17B
| $57.2M | 0.07% |
+1,160,686
| New | +$57.2M |
|
310
Hilton Worldwide
HLT
$65.3B
| $57.2M | 0.07% |
584,806
-33,877
| -5% | -$3.31M |
|
311
Autodesk
ADSK
$69.6B
| $56.3M | 0.07% |
345,655
-9,459
| -3% | -$1.54M |
|
|
LPT
312
DELISTED
Liberty Property Trust
LPT
| $55.9M | 0.07% |
1,117,676
+215,896
| +24% | +$10.8M |
|
313
Centene
CNC
$14.2B
| $55.5M | 0.07% |
1,058,453
-77,834
| -7% | -$4.08M |
|
|
STI
314
DELISTED
SunTrust Banks, Inc.
STI
| $55.1M | 0.07% |
877,330
-266,662
| -23% | -$16.8M |
|
315
Campbell Soup
CPB
$10.1B
| $55.1M | 0.07% |
1,375,827
+222,646
| +19% | +$8.92M |
|
316
IQVIA
IQV
$31.9B
| $55.1M | 0.07% |
342,345
-24,367
| -7% | -$3.92M |
|
317
T Rowe Price
TROW
$23.8B
| $54.8M | 0.06% |
499,771
-15,661
| -3% | -$1.72M |
|
|
FLIR
318
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $54.8M | 0.06% |
1,013,259
+114,872
| +13% | +$6.21M |
|
319
RenaissanceRe
RNR
$11.3B
| $54.8M | 0.06% |
307,788
+57,656
| +23% | +$10.3M |
|
320
Monster Beverage
MNST
$61.5B
| $54.4M | 0.06% |
1,702,998
+127,900
| +8% | +$4.08M |
|
|
XLNX
321
DELISTED
Xilinx Inc
XLNX
| $52.7M | 0.06% |
447,111
-60,845
| -12% | -$7.17M |
|
322
LyondellBasell Industries
LYB
$17.6B
| $52.3M | 0.06% |
607,055
-164,936
| -21% | -$14.2M |
|
323
Cadence Design Systems
CDNS
$98.3B
| $52.1M | 0.06% |
735,842
+50,799
| +7% | +$3.6M |
|
|
DFS
324
DELISTED
Discover Financial Services
DFS
| $51.8M | 0.06% |
667,307
-158,650
| -19% | -$12.3M |
|
325
Workday
WDAY
$61.9B
| $51.3M | 0.06% |
249,752
+13,058
| +6% | +$2.68M |
|