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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
326
Progressive
PGR
$144B
| $44.6M | 0.06% |
1,671,009
-339,000
| -17% | -$9.05M |
|
|
NBL
327
DELISTED
Noble Energy, Inc.
NBL
| $44.5M | 0.06% |
936,284
+18,962
| +2% | +$902K |
|
328
Eversource Energy
ES
$23.3B
| $44.4M | 0.06% |
796,186
-43,000
| -5% | -$2.4M |
|
|
BBBY
329
DELISTED
Bed Bath & Beyond Inc
BBBY
| $44.4M | 0.06% |
572,907
+52,500
| +10% | +$4.06M |
|
330
Analog Devices
ADI
$122B
| $44.3M | 0.06% |
830,510
+2,600
| +0.3% | +$139K |
|
331
Marriott International Class A Common Stock
MAR
$72.8B
| $44.3M | 0.06% |
563,770
-18,200
| -3% | -$1.43M |
|
332
Plains All American Pipeline
PAA
$12.1B
| $44.3M | 0.06% |
858,117
+16,000
| +2% | +$825K |
|
333
Estee Lauder
EL
$32B
| $44.2M | 0.06% |
615,663
-80,035
| -12% | -$5.74M |
|
|
ANDV
334
DELISTED
Andeavor
ANDV
| $44M | 0.06% |
540,924
+182,972
| +51% | +$14.9M |
|
335
Northern Trust
NTRS
$24.3B
| $43.7M | 0.06% |
659,659
-100,900
| -13% | -$6.69M |
|
336
Fifth Third Bancorp
FITB
$30.1B
| $43.7M | 0.06% |
2,474,681
-270,370
| -10% | -$4.78M |
|
|
SIAL
337
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $43.6M | 0.06% |
317,272
+13,200
| +4% | +$1.81M |
|
338
KeyCorp
KEY
$21B
| $43.2M | 0.06% |
3,249,176
-308,399
| -9% | -$4.1M |
|
339
Fluor
FLR
$6.6B
| $42.8M | 0.06% |
791,058
-383
| -0% | -$20.7K |
|
340
WEC Energy
WEC
$34.6B
| $42.5M | 0.06% |
744,008
-39,500
| -5% | -$2.26M |
|
341
Electronic Arts
EA
$42B
| $42.5M | 0.06% |
876,947
-131,719
| -13% | -$6.38M |
|
342
DaVita
DVA
$9.62B
| $42.4M | 0.06% |
557,800
+9,500
| +2% | +$722K |
|
|
QVCGA
343
QVC Group, Inc. Series A Common Stock
QVCGA
$79M
| $42.3M | 0.06% |
30,711
-2,361
| -7% | -$3.26M |
|
344
W.W. Grainger
GWW
$47.7B
| $42M | 0.06% |
181,469
-15,900
| -8% | -$3.68M |
|
|
LLL
345
DELISTED
L3 Technologies, Inc.
LLL
| $42M | 0.06% |
333,830
+14,331
| +4% | +$1.8M |
|
|
HOT
346
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $41.8M | 0.06% |
564,110
-167,241
| -23% | -$12.4M |
|
347
VeriSign
VRSN
$26.4B
| $41.6M | 0.06% |
757,667
-44,550
| -6% | -$2.44M |
|
348
Regions Financial
RF
$24.1B
| $41.5M | 0.06% |
4,631,375
+10,300
| +0.2% | +$92.4K |
|
349
Murphy Oil
MUR
$3.61B
| $41.4M | 0.06% |
884,773
-142,300
| -14% | -$6.66M |
|
350
Kohl's
KSS
$1.86B
| $41.3M | 0.06% |
676,074
-115,680
| -15% | -$7.07M |
|