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 |
Walt Disney
DIS
|
$134M |
| 2 |
PepsiCo
PEP
|
$132M |
| 3 |
Coca-Cola
KO
|
$126M |
| 4 |
Procter & Gamble
PG
|
$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$315M |
| 2 |
Mastercard
MA
|
$267M |
| 3 |
Apple
AAPL
|
$221M |
| 4 |
RTN
Raytheon Company
RTN
|
$149M |
| 5 |
Northrop Grumman
NOC
|
$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
326
Agilent Technologies
A
$35.5B
| $52.1M | 0.06% |
648,180
+25,888
| +4% | +$2.08M |
|
327
Best Buy
BBY
$15.8B
| $52M | 0.06% |
731,378
-31,205
| -4% | -$2.22M |
|
328
Halliburton
HAL
$18.4B
| $51.7M | 0.06% |
1,764,328
-13,023
| -0.7% | -$382K |
|
329
T Rowe Price
TROW
$23.2B
| $51.6M | 0.06% |
515,432
-19,605
| -4% | -$1.96M |
|
|
ATVI
330
DELISTED
Activision Blizzard Inc.
ATVI
| $51.5M | 0.06% |
1,131,720
-115,800
| -9% | -$5.27M |
|
331
Hilton Worldwide
HLT
$64.7B
| $51.4M | 0.06% |
618,683
-117
| -0% | -$9.72K |
|
|
VER
332
DELISTED
VEREIT, Inc.
VER
| $50.4M | 0.06% |
6,027,109
+1,099,808
| +22% | +$9.21M |
|
333
Las Vegas Sands
LVS
$38B
| $50.4M | 0.06% |
826,775
+27,985
| +4% | +$1.71M |
|
334
Royal Caribbean
RCL
$96.4B
| $50M | 0.06% |
436,598
-26,255
| -6% | -$3.01M |
|
335
Kroger
KR
$45.1B
| $49.8M | 0.06% |
2,026,203
-562,260
| -22% | -$13.8M |
|
336
Electronic Arts
EA
$42B
| $49.6M | 0.06% |
488,108
-8,901
| -2% | -$905K |
|
337
M&T Bank
MTB
$31B
| $49.6M | 0.06% |
315,657
-30,288
| -9% | -$4.76M |
|
|
APC
338
DELISTED
Anadarko Petroleum
APC
| $48.8M | 0.06% |
1,072,017
+69,106
| +7% | +$3.14M |
|
339
Chipotle Mexican Grill
CMG
$56B
| $48.7M | 0.06% |
68,609
-3,598
| -5% | -$2.56M |
|
340
United Airlines
UAL
$34.4B
| $48.6M | 0.06% |
608,601
-9,594
| -2% | -$765K |
|
341
Parker-Hannifin
PH
$94.8B
| $48.3M | 0.06% |
281,462
-16,018
| -5% | -$2.75M |
|
|
CDK
342
DELISTED
CDK Global, Inc.
CDK
| $48M | 0.06% |
816,319
+70,659
| +9% | +$4.16M |
|
343
Fifth Third Bancorp
FITB
$30.2B
| $48M | 0.06% |
1,902,909
+146,941
| +8% | +$3.71M |
|
344
iShares Core MSCI EAFE ETF
IEFA
$149B
| $47.9M | 0.06% |
788,980
-1,137
| -0.1% | -$69.1K |
|
|
ALXN
345
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $47.8M | 0.06% |
353,835
-19,077
| -5% | -$2.58M |
|
346
American Financial Group
AFG
$11.5B
| $47.8M | 0.06% |
497,067
+70,849
| +17% | +$6.82M |
|
347
iShares MBS ETF
MBB
$40.9B
| $47.7M | 0.06% |
448,807
+26,452
| +6% | +$2.81M |
|
348
Northern Trust
NTRS
$24.7B
| $47.7M | 0.06% |
527,254
-25,343
| -5% | -$2.29M |
|
349
Rockwell Automation
ROK
$38.1B
| $46.9M | 0.06% |
267,055
-13,928
| -5% | -$2.44M |
|
350
Oneok
OKE
$46.5B
| $46.5M | 0.06% |
665,926
-86,377
| -11% | -$6.03M |
|