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 | |
|---|---|---|---|---|---|---|
|
ANSS
326
DELISTED
Ansys
ANSS
| $43.8M | 0.05% |
188,587
-10,946
| -5% | -$2.54M |
|
327
State Street
STT
$32B
| $43.7M | 0.05% |
821,273
-73,886
| -8% | -$3.94M |
|
|
ALXN
328
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $43.6M | 0.05% |
485,920
-34,053
| -7% | -$3.06M |
|
329
Boston Properties
BXP
$12.2B
| $43.6M | 0.05% |
472,698
-20,837
| -4% | -$1.92M |
|
330
Ford
F
$46.7B
| $43.4M | 0.05% |
8,991,840
-434,026
| -5% | -$2.1M |
|
331
Edison International
EIX
$21B
| $43.3M | 0.05% |
791,106
-22,006
| -3% | -$1.21M |
|
332
American Financial Group
AFG
$11.6B
| $43.1M | 0.05% |
615,351
-3,851
| -0.6% | -$270K |
|
333
IQVIA
IQV
$31.9B
| $43.1M | 0.05% |
399,485
-29,790
| -7% | -$3.21M |
|
334
Valero Energy
VLO
$48.7B
| $42.9M | 0.05% |
945,561
-51,484
| -5% | -$2.34M |
|
335
TAL Education Group
TAL
$6.17B
| $42.6M | 0.05% |
799,555
+9,568
| +1% | +$510K |
|
|
VER
336
DELISTED
VEREIT, Inc.
VER
| $42.5M | 0.05% |
1,736,641
+5,662
| +0.3% | +$138K |
|
337
Hilton Worldwide
HLT
$64B
| $42.3M | 0.05% |
620,563
-60,684
| -9% | -$4.14M |
|
338
Schlumberger
SLB
$53.4B
| $42.2M | 0.05% |
3,130,886
-141,122
| -4% | -$1.9M |
|
339
Palo Alto Networks
PANW
$130B
| $42.1M | 0.05% |
1,541,286
-50,142
| -3% | -$1.37M |
|
|
LSXMK
340
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $41.9M | 0.05% |
1,740,499
+5,345
| +0.3% | +$129K |
|
|
TWTR
341
DELISTED
Twitter, Inc.
TWTR
| $41.9M | 0.05% |
1,704,648
-83,976
| -5% | -$2.06M |
|
|
FRC
342
DELISTED
First Republic Bank
FRC
| $41.6M | 0.05% |
505,151
-544,941
| -52% | -$44.8M |
|
343
PPL Corp
PPL
$26.6B
| $41.4M | 0.05% |
1,676,848
-4,028,104
| -71% | -$99.4M |
|
344
Rollins
ROL
$27.4B
| $41.3M | 0.05% |
1,712,291
-6,546
| -0.4% | -$158K |
|
345
Archer Daniels Midland
ADM
$30.2B
| $40.7M | 0.05% |
1,157,646
-64,444
| -5% | -$2.27M |
|
|
SPLK
346
DELISTED
Splunk Inc
SPLK
| $40.4M | 0.05% |
319,924
-40,483
| -11% | -$5.11M |
|
347
Corteva
CTVA
$49.1B
| $39.5M | 0.05% |
1,681,637
-84,391
| -5% | -$1.98M |
|
348
Rockwell Automation
ROK
$38.2B
| $39.2M | 0.05% |
259,742
-17,031
| -6% | -$2.57M |
|
349
Expeditors International
EXPD
$16.4B
| $38.8M | 0.05% |
580,944
-27,906
| -5% | -$1.86M |
|
350
Williams Companies
WMB
$69.9B
| $38.6M | 0.05% |
2,725,442
-142,543
| -5% | -$2.02M |
|