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 |
Walmart
WMT
|
$250M |
| 2 |
Target
TGT
|
$142M |
| 3 |
Abbott
ABT
|
$113M |
| 4 |
Verizon
VZ
|
$87.4M |
| 5 |
NetEase
NTES
|
$77.2M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
326
Southwest Airlines
LUV
$16.5B
| $75.9M | 0.06% |
1,243,390
-48,452
| -4% | -$2.96M |
|
327
Corning
GLW
$61B
| $75.6M | 0.06% |
1,737,199
-65,676
| -4% | -$2.86M |
|
328
McKesson
MCK
$85.5B
| $74.9M | 0.06% |
384,161
-19,646
| -5% | -$3.83M |
|
329
Kinder Morgan
KMI
$59.1B
| $74.9M | 0.06% |
4,497,630
-244,491
| -5% | -$4.07M |
|
|
PXD
330
DELISTED
Pioneer Natural Resource Co.
PXD
| $73.5M | 0.06% |
462,759
+63,296
| +16% | +$10.1M |
|
331
Archer Daniels Midland
ADM
$30.2B
| $73M | 0.06% |
1,280,210
-44,286
| -3% | -$2.52M |
|
332
Campbell Soup
CPB
$10.1B
| $72.5M | 0.06% |
1,441,862
-56,782
| -4% | -$2.85M |
|
333
PACCAR
PCAR
$52B
| $72.4M | 0.06% |
1,168,983
-42,966
| -4% | -$2.66M |
|
334
Essex Property Trust
ESS
$17.3B
| $72.4M | 0.06% |
266,275
-182,317
| -41% | -$49.6M |
|
|
ONC
335
BeOne Medicines Ltd. American Depositary Shares
ONC
$37.6B
| $71.6M | 0.05% |
+205,769
| New | +$71.6M |
|
336
NiSource
NI
$19B
| $71.5M | 0.05% |
2,967,068
-141,708
| -5% | -$3.42M |
|
337
TransDigm Group
TDG
$71.6B
| $71.2M | 0.05% |
121,030
-3,608
| -3% | -$2.12M |
|
338
Pinnacle West Capital
PNW
$10.6B
| $71.1M | 0.05% |
874,211
-39,476
| -4% | -$3.21M |
|
339
Delta Air Lines
DAL
$39.9B
| $71.1M | 0.05% |
1,471,719
-63,629
| -4% | -$3.07M |
|
340
State Street
STT
$32B
| $71M | 0.05% |
845,596
-42,134
| -5% | -$3.54M |
|
341
Match Group
MTCH
$9.18B
| $71M | 0.05% |
516,812
-15,603
| -3% | -$2.14M |
|
342
Rockwell Automation
ROK
$38.2B
| $70.8M | 0.05% |
266,849
-11,085
| -4% | -$2.94M |
|
343
SBA Communications
SBAC
$21.2B
| $70.8M | 0.05% |
254,914
-9,314
| -4% | -$2.59M |
|
344
Stanley Black & Decker
SWK
$12.1B
| $70.6M | 0.05% |
353,818
-14,439
| -4% | -$2.88M |
|
345
Skyworks Solutions
SWKS
$11.2B
| $70.5M | 0.05% |
384,453
-16,898
| -4% | -$3.1M |
|
346
AGNC Investment
AGNC
$10.8B
| $70.4M | 0.05% |
4,201,129
-300,008
| -7% | -$5.03M |
|
|
XLNX
347
DELISTED
Xilinx Inc
XLNX
| $70.3M | 0.05% |
567,226
-17,808
| -3% | -$2.21M |
|
348
Pinterest
PINS
$25.8B
| $70M | 0.05% |
944,948
+59,140
| +7% | +$4.38M |
|
349
BioMarin Pharmaceuticals
BMRN
$11.1B
| $69.7M | 0.05% |
922,713
-12,959
| -1% | -$979K |
|
350
DexCom
DXCM
$31.6B
| $69.6M | 0.05% |
774,656
-105,916
| -12% | -$9.52M |
|