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 |
YHOO
Yahoo Inc
YHOO
|
+$84.3M |
| 2 |
Zoetis
ZTS
|
+$65.3M |
| 3 |
Yum! Brands
YUM
|
+$53.2M |
| 4 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$45.7M |
| 5 |
Zimmer Biomet
ZBH
|
+$40.6M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$122M |
| 2 |
Apple
AAPL
|
+$61.9M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
+$57.7M |
| 4 |
STJ
St Jude Medical
STJ
|
+$53.3M |
| 5 |
Microsoft
MSFT
|
+$51.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 15.06% |
| 3 | Healthcare | 12.81% |
| 4 | Industrials | 10.76% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
FRC
351
DELISTED
First Republic Bank
FRC
| $31.6M | 0.05% |
336,400
+9,000
| +3% | +$844K |
|
352
The Mosaic Company
MOS
$10.2B
| $31.6M | 0.05% |
1,081,389
-37,900
| -3% | -$1.11M |
|
353
Travel + Leisure Co
TNL
$4.04B
| $31.5M | 0.05% |
826,490
-13,954
| -2% | -$531K |
|
|
XL
354
DELISTED
XL Group Ltd.
XL
| $31.4M | 0.05% |
787,100
-20,400
| -3% | -$813K |
|
355
CMS Energy
CMS
$21.2B
| $31.1M | 0.05% |
695,647
-24,500
| -3% | -$1.1M |
|
356
Chemours
CC
$2.5B
| $31.1M | 0.05% |
808,253
-459,600
| -36% | -$17.7M |
|
357
Blackstone
BX
$135B
| $31.1M | 0.05% |
1,046,200
-45,400
| -4% | -$1.35M |
|
358
L3Harris
LHX
$50.6B
| $30.9M | 0.05% |
277,561
-12,200
| -4% | -$1.36M |
|
|
MXIM
359
DELISTED
Maxim Integrated Products
MXIM
| $30.7M | 0.05% |
683,500
+13,300
| +2% | +$598K |
|
360
Bunge Global
BG
$16.8B
| $30.5M | 0.05% |
385,022
-6,100
| -2% | -$483K |
|
361
Kohl's
KSS
$1.86B
| $30.4M | 0.05% |
764,594
+157,900
| +26% | +$6.29M |
|
362
Expedia Group
EXPE
$26.9B
| $30.4M | 0.05% |
240,784
-9,000
| -4% | -$1.14M |
|
363
Royal Caribbean
RCL
$93.8B
| $30.4M | 0.05% |
309,500
-28,400
| -8% | -$2.79M |
|
364
Everest Group
EG
$14.3B
| $30.4M | 0.05% |
129,846
-3,500
| -3% | -$818K |
|
365
Essex Property Trust
ESS
$17.3B
| $30.2M | 0.05% |
130,634
-5,000
| -4% | -$1.16M |
|
366
Fastenal
FAST
$55B
| $30.2M | 0.05% |
2,348,400
-45,200
| -2% | -$582K |
|
367
Realty Income
O
$54.4B
| $30.2M | 0.05% |
523,987
-39,628
| -7% | -$2.29M |
|
368
Dentsply Sirona
XRAY
$2.77B
| $29.9M | 0.05% |
478,598
-19,700
| -4% | -$1.23M |
|
369
Church & Dwight Co
CHD
$23.1B
| $29.9M | 0.05% |
598,600
-33,600
| -5% | -$1.68M |
|
|
CTXS
370
DELISTED
Citrix Systems Inc
CTXS
| $29.8M | 0.05% |
357,000
-119,702
| -25% | -$9.98M |
|
371
Waters Corp
WAT
$17.9B
| $29.8M | 0.05% |
190,400
-1,900
| -1% | -$297K |
|
|
COL
372
DELISTED
Rockwell Collins
COL
| $29.7M | 0.05% |
306,078
-13,800
| -4% | -$1.34M |
|
373
Harley-Davidson
HOG
$3.77B
| $29.6M | 0.05% |
488,883
-2,200
| -0.4% | -$133K |
|
374
Western Union
WU
$2.79B
| $29.5M | 0.05% |
1,451,357
-31,500
| -2% | -$641K |
|
375
Whirlpool
WHR
$5.24B
| $29.4M | 0.05% |
171,811
-4,200
| -2% | -$720K |
|