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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
Blackstone
BX
$133B
| $66.9M | 0.07% |
1,369,349
+402,594
| +42% | +$19.7M |
|
|
TWTR
302
DELISTED
Twitter, Inc.
TWTR
| $66.8M | 0.07% |
1,621,454
+449,174
| +38% | +$18.5M |
|
303
Southwest Airlines
LUV
$16.5B
| $66.6M | 0.07% |
1,232,878
-266,277
| -18% | -$14.4M |
|
304
Cummins
CMI
$55.1B
| $66.5M | 0.07% |
408,977
+33,724
| +9% | +$5.49M |
|
|
DFS
305
DELISTED
Discover Financial Services
DFS
| $66.4M | 0.07% |
818,685
+151,378
| +23% | +$12.3M |
|
306
Campbell Soup
CPB
$10.1B
| $65.8M | 0.07% |
1,403,270
+27,443
| +2% | +$1.29M |
|
307
LyondellBasell Industries
LYB
$17.7B
| $65.7M | 0.07% |
733,800
+126,745
| +21% | +$11.3M |
|
308
IQVIA
IQV
$31.9B
| $65.3M | 0.06% |
436,876
+94,531
| +28% | +$14.1M |
|
309
Hilton Worldwide
HLT
$64B
| $64.9M | 0.06% |
697,157
+112,351
| +19% | +$10.5M |
|
310
McKesson
MCK
$85.5B
| $64.9M | 0.06% |
474,644
+110,015
| +30% | +$15M |
|
311
Boston Properties
BXP
$12.2B
| $64.3M | 0.06% |
495,954
-452,231
| -48% | -$58.6M |
|
312
Advanced Micro Devices
AMD
$245B
| $62.8M | 0.06% |
2,165,140
+582,977
| +37% | +$16.9M |
|
313
Oneok
OKE
$45.7B
| $62.7M | 0.06% |
851,469
+228,141
| +37% | +$16.8M |
|
314
Tesla
TSLA
$1.13T
| $62.4M | 0.06% |
3,884,970
+1,133,460
| +41% | +$18.2M |
|
315
Williams Companies
WMB
$69.9B
| $62M | 0.06% |
2,578,284
+776,166
| +43% | +$18.7M |
|
316
T Rowe Price
TROW
$23.8B
| $61.8M | 0.06% |
540,803
+41,032
| +8% | +$4.69M |
|
317
T-Mobile US
TMUS
$284B
| $61.8M | 0.06% |
784,215
+183,253
| +30% | +$14.4M |
|
318
Electronic Arts
EA
$42.2B
| $60.8M | 0.06% |
621,317
+171,591
| +38% | +$16.8M |
|
|
LPT
319
DELISTED
Liberty Property Trust
LPT
| $60.6M | 0.06% |
1,180,792
+63,116
| +6% | +$3.24M |
|
320
SBA Communications
SBAC
$21.2B
| $60.1M | 0.06% |
249,024
+68,221
| +38% | +$16.5M |
|
|
INFO
321
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $59.8M | 0.06% |
894,204
+213,015
| +31% | +$14.2M |
|
322
Assurant
AIZ
$10.7B
| $59.3M | 0.06% |
471,189
+37,456
| +9% | +$4.71M |
|
323
Domino's
DPZ
$15.7B
| $59.1M | 0.06% |
241,722
+1,838
| +0.8% | +$450K |
|
324
Workday
WDAY
$61.7B
| $59.1M | 0.06% |
347,500
+97,748
| +39% | +$16.6M |
|
325
PACCAR
PCAR
$52B
| $58.9M | 0.06% |
1,260,999
+229,825
| +22% | +$10.7M |
|