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 |
Coca-Cola
KO
|
+$203M |
| 2 |
PepsiCo
PEP
|
+$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
+$113M |
| 4 |
Newmont
NEM
|
+$111M |
| 5 |
McDonald's
MCD
|
+$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$512M |
| 2 |
Apple
AAPL
|
+$248M |
| 3 |
Microsoft
MSFT
|
+$209M |
| 4 |
JPMorgan Chase
JPM
|
+$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
326
Williams Companies
WMB
$69.4B
| $50.5M | 0.06% |
1,802,118
-286,899
| -14% | -$8.04M |
|
327
Corning
GLW
$62B
| $50.2M | 0.06% |
1,511,698
-324,607
| -18% | -$10.8M |
|
328
PACCAR
PCAR
$51.6B
| $49.3M | 0.06% |
1,031,174
-156,450
| -13% | -$7.47M |
|
|
LSXMK
329
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $49.1M | 0.06% |
1,697,558
+217,561
| +15% | +$6.29M |
|
|
ATVI
330
DELISTED
Activision Blizzard Inc.
ATVI
| $49.1M | 0.06% |
1,039,478
-92,242
| -8% | -$4.35M |
|
331
McKesson
MCK
$87.8B
| $49M | 0.06% |
364,629
-128,877
| -26% | -$17.3M |
|
332
Advanced Micro Devices
AMD
$253B
| $48.1M | 0.06% |
1,582,163
-28,575
| -2% | -$868K |
|
|
CDK
333
DELISTED
CDK Global, Inc.
CDK
| $48M | 0.06% |
971,728
+155,409
| +19% | +$7.68M |
|
334
H&R Block
HRB
$6.97B
| $47.9M | 0.06% |
1,633,801
+260,711
| +19% | +$7.64M |
|
335
Agilent Technologies
A
$36.3B
| $47.9M | 0.06% |
640,980
-7,200
| -1% | -$538K |
|
336
Bunge Global
BG
$16.9B
| $46.7M | 0.06% |
838,907
+124,052
| +17% | +$6.91M |
|
|
ALXN
337
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $46.7M | 0.06% |
356,568
+2,733
| +0.8% | +$358K |
|
338
M&T Bank
MTB
$31.1B
| $46.6M | 0.06% |
273,816
-41,841
| -13% | -$7.12M |
|
|
PBCT
339
DELISTED
People's United Financial Inc
PBCT
| $46.5M | 0.05% |
2,769,193
+408,226
| +17% | +$6.85M |
|
340
Parker-Hannifin
PH
$95.7B
| $46.4M | 0.05% |
273,118
-8,344
| -3% | -$1.42M |
|
341
Assurant
AIZ
$10.7B
| $46.1M | 0.05% |
433,733
+50,635
| +13% | +$5.39M |
|
342
Royal Caribbean
RCL
$93.8B
| $46M | 0.05% |
379,311
-57,287
| -13% | -$6.94M |
|
343
Synchrony
SYF
$28B
| $45.9M | 0.05% |
1,324,284
-350,922
| -21% | -$12.2M |
|
344
Electronic Arts
EA
$42B
| $45.5M | 0.05% |
449,726
-38,382
| -8% | -$3.89M |
|
345
State Street
STT
$31.7B
| $45M | 0.05% |
802,946
-141,790
| -15% | -$7.95M |
|
346
T-Mobile US
TMUS
$273B
| $44.6M | 0.05% |
600,962
-70,143
| -10% | -$5.2M |
|
347
Hewlett Packard
HPE
$31.5B
| $44.6M | 0.05% |
2,980,034
-643,213
| -18% | -$9.62M |
|
348
Zimmer Biomet
ZBH
$20.7B
| $43.8M | 0.05% |
383,229
-60,565
| -14% | -$6.92M |
|
349
Idexx Laboratories
IDXX
$52.2B
| $43.5M | 0.05% |
158,003
-6,042
| -4% | -$1.66M |
|
350
Northern Trust
NTRS
$24.3B
| $43.5M | 0.05% |
483,257
-43,997
| -8% | -$3.96M |
|