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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
Hilton Worldwide
HLT
$64.7B
| $75.6M | 0.07% |
681,247
-15,910
| -2% | -$1.76M |
|
302
Electronic Arts
EA
$41.5B
| $74.8M | 0.07% |
695,313
+73,996
| +12% | +$7.96M |
|
303
HP
HPQ
$27.1B
| $74.7M | 0.07% |
3,632,709
-49,769
| -1% | -$1.02M |
|
304
Domino's
DPZ
$15.6B
| $73.9M | 0.07% |
251,691
+9,969
| +4% | +$2.93M |
|
305
Zimmer Biomet
ZBH
$20.6B
| $73.2M | 0.07% |
503,482
-6,697
| -1% | -$973K |
|
|
LPT
306
DELISTED
Liberty Property Trust
LPT
| $73.1M | 0.07% |
1,216,483
+35,691
| +3% | +$2.14M |
|
307
Regeneron Pharmaceuticals
REGN
$59B
| $73M | 0.07% |
194,425
+10,597
| +6% | +$3.98M |
|
308
NNN REIT
NNN
$8.06B
| $72.8M | 0.07% |
1,358,244
+19,465
| +1% | +$1.04M |
|
309
VF Corp
VFC
$5.95B
| $72.8M | 0.07% |
729,987
-184,455
| -20% | -$18.4M |
|
310
RenaissanceRe
RNR
$11.2B
| $71.7M | 0.07% |
365,988
-4,365
| -1% | -$856K |
|
|
INFO
311
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $71.2M | 0.06% |
944,597
+50,393
| +6% | +$3.8M |
|
312
State Street
STT
$31.8B
| $70.8M | 0.06% |
895,159
-16,250
| -2% | -$1.29M |
|
|
JNPR
313
DELISTED
Juniper Networks
JNPR
| $70.7M | 0.06% |
2,869,751
-123,560
| -4% | -$3.04M |
|
314
F5
FFIV
$18.7B
| $70.1M | 0.06% |
502,156
-6,638
| -1% | -$927K |
|
315
Energy Transfer Partners
ET
$58.9B
| $70M | 0.06% |
5,458,209
+2,247,766
| +70% | +$28.8M |
|
316
Iron Mountain
IRM
$28.6B
| $70M | 0.06% |
2,196,621
+37,172
| +2% | +$1.18M |
|
317
KLA
KLAC
$121B
| $68.1M | 0.06% |
382,456
+28,819
| +8% | +$5.13M |
|
318
Boston Properties
BXP
$11.5B
| $68M | 0.06% |
493,535
-2,419
| -0.5% | -$333K |
|
319
Oneok
OKE
$45.2B
| $68M | 0.06% |
899,111
+47,642
| +6% | +$3.61M |
|
320
Williams Companies
WMB
$70.3B
| $68M | 0.06% |
2,867,985
+289,701
| +11% | +$6.87M |
|
321
American Financial Group
AFG
$11.5B
| $67.9M | 0.06% |
619,202
-16,595
| -3% | -$1.82M |
|
322
Campbell Soup
CPB
$10.1B
| $67.5M | 0.06% |
1,365,173
-38,097
| -3% | -$1.88M |
|
323
Akamai
AKAM
$11.2B
| $67.2M | 0.06% |
777,414
+259,990
| +50% | +$22.5M |
|
324
T Rowe Price
TROW
$23.5B
| $67.1M | 0.06% |
550,596
+9,793
| +2% | +$1.19M |
|
325
Cummins
CMI
$54.4B
| $67M | 0.06% |
374,161
-34,816
| -9% | -$6.23M |
|