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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
AGNC Investment
AGNC
$10.8B
| $48.4M | 0.06% |
4,570,169
+25,465
| +0.6% | +$269K |
|
302
American International
AIG
$43.9B
| $47.9M | 0.06% |
1,975,618
-199,563
| -9% | -$4.84M |
|
303
CoStar Group
CSGP
$37.9B
| $47.7M | 0.06% |
812,160
-48,480
| -6% | -$2.85M |
|
304
Prudential Financial
PRU
$37.2B
| $47.7M | 0.06% |
914,121
-64,106
| -7% | -$3.34M |
|
305
Enterprise Products Partners
EPD
$68.6B
| $47.5M | 0.06% |
3,319,868
-171,637
| -5% | -$2.45M |
|
306
TE Connectivity
TEL
$61.7B
| $47.3M | 0.06% |
750,259
-46,929
| -6% | -$2.96M |
|
307
ResMed
RMD
$40.6B
| $47.2M | 0.06% |
320,234
-18,653
| -6% | -$2.75M |
|
308
PACCAR
PCAR
$52B
| $47.1M | 0.06% |
1,154,778
-67,458
| -6% | -$2.75M |
|
309
EOG Resources
EOG
$64.4B
| $47M | 0.06% |
1,309,390
-67,407
| -5% | -$2.42M |
|
310
Zimmer Biomet
ZBH
$20.9B
| $47M | 0.06% |
479,013
-24,469
| -5% | -$2.4M |
|
311
Constellation Brands
STZ
$26.2B
| $47M | 0.06% |
327,629
-18,300
| -5% | -$2.62M |
|
312
Johnson Controls International
JCI
$69.5B
| $46.8M | 0.06% |
1,737,053
-155,185
| -8% | -$4.18M |
|
313
Loews
L
$20B
| $46.6M | 0.06% |
1,339,272
-885,543
| -40% | -$30.8M |
|
314
Assurant
AIZ
$10.7B
| $46.6M | 0.06% |
447,547
-7,178
| -2% | -$747K |
|
315
Marriott International Class A Common Stock
MAR
$71.9B
| $46.5M | 0.06% |
622,062
-34,203
| -5% | -$2.56M |
|
316
NNN REIT
NNN
$8.18B
| $46.5M | 0.06% |
1,444,975
+86,731
| +6% | +$2.79M |
|
317
McKesson
MCK
$85.5B
| $46.4M | 0.06% |
343,360
-113,096
| -25% | -$15.3M |
|
318
Idexx Laboratories
IDXX
$51.4B
| $46.3M | 0.06% |
191,300
-11,213
| -6% | -$2.72M |
|
319
Veeva Systems
VEEV
$44.7B
| $46.1M | 0.06% |
294,984
-66,872
| -18% | -$10.5M |
|
320
Cummins
CMI
$55.1B
| $46M | 0.06% |
339,854
-34,307
| -9% | -$4.64M |
|
321
Federal Realty Investment Trust
FRT
$8.86B
| $44.8M | 0.05% |
600,837
-2,086
| -0.3% | -$156K |
|
322
PPG Industries
PPG
$24.8B
| $44.7M | 0.05% |
535,123
-30,900
| -5% | -$2.58M |
|
323
Trane Technologies
TT
$92.1B
| $44.6M | 0.05% |
539,435
-33,936
| -6% | -$2.8M |
|
324
Workday
WDAY
$61.7B
| $44.3M | 0.05% |
339,994
-57,917
| -15% | -$7.54M |
|
|
XLNX
325
DELISTED
Xilinx Inc
XLNX
| $43.9M | 0.05% |
562,724
-39,445
| -7% | -$3.07M |
|