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 | |
|---|---|---|---|---|---|---|
351
Monster Beverage
MNST
$61.5B
| $41.1M | 0.06% |
2,077,608
-753,570
| -27% | -$14.9M |
|
352
Pentair
PNR
$18.1B
| $41.1M | 0.06% |
976,040
-57,774
| -6% | -$2.43M |
|
353
NiSource
NI
$18.9B
| $40.6M | 0.06% |
2,349,735
-350,701
| -13% | -$6.06M |
|
354
Seagate
STX
$40.2B
| $40.5M | 0.06% |
708,835
+27,500
| +4% | +$1.57M |
|
355
ON Semiconductor
ON
$20B
| $40.3M | 0.06% |
4,017,026
+1,075,998
| +37% | +$10.8M |
|
356
Tyson Foods
TSN
$19.9B
| $40.3M | 0.06% |
980,406
-164,947
| -14% | -$6.77M |
|
357
Ulta Beauty
ULTA
$23.3B
| $39.8M | 0.05% |
292,947
+106,654
| +57% | +$14.5M |
|
|
HAR
358
DELISTED
Harman International Industries
HAR
| $39.8M | 0.05% |
388,552
+57,147
| +17% | +$5.85M |
|
359
Principal Financial Group
PFG
$17.8B
| $39.6M | 0.05% |
811,067
-6,600
| -0.8% | -$322K |
|
360
Molson Coors Class B
TAP
$9.86B
| $39M | 0.05% |
502,807
+52,477
| +12% | +$4.07M |
|
361
Paychex
PAYX
$48.7B
| $38.7M | 0.05% |
811,907
-95,100
| -10% | -$4.53M |
|
362
Telkom Indonesia
TLK
$19B
| $38.4M | 0.05% |
1,685,382
+63,618
| +4% | +$1.45M |
|
363
Labcorp
LH
$23B
| $38.3M | 0.05% |
383,017
+5,006
| +1% | +$500K |
|
364
Travel + Leisure Co
TNL
$4.1B
| $38.2M | 0.05% |
977,805
-305,847
| -24% | -$12M |
|
365
News Corp Class A
NWSA
$16.9B
| $38.1M | 0.05% |
2,468,954
+310,500
| +14% | +$4.8M |
|
366
Universal Health Services
UHS
$11.8B
| $38.1M | 0.05% |
356,668
+31,880
| +10% | +$3.41M |
|
367
CMS Energy
CMS
$21.2B
| $38M | 0.05% |
1,013,279
+22,100
| +2% | +$829K |
|
|
ATVI
368
DELISTED
Activision Blizzard Inc.
ATVI
| $37.9M | 0.05% |
1,852,500
-96,000
| -5% | -$1.97M |
|
369
Agilent Technologies
A
$36.3B
| $37.9M | 0.05% |
978,513
-485,126
| -33% | -$18.8M |
|
370
Lear
LEA
$6B
| $37.6M | 0.05% |
380,500
+108,000
| +40% | +$10.7M |
|
371
Credicorp
BAP
$20.9B
| $37.5M | 0.05% |
247,379
+30,800
| +14% | +$4.67M |
|
372
M&T Bank
MTB
$31.1B
| $37.4M | 0.05% |
321,980
-16,100
| -5% | -$1.87M |
|
373
Western Union
WU
$2.82B
| $37.1M | 0.05% |
2,135,927
+15,800
| +0.7% | +$274K |
|
374
Newell Brands
NWL
$2.65B
| $37M | 0.05% |
990,000
+216,400
| +28% | +$8.09M |
|
|
GAP
375
The Gap, Inc.
GAP
$8.96B
| $37M | 0.05% |
867,525
-303,300
| -26% | -$12.9M |
|