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
|
+$198M |
| 2 |
PepsiCo
PEP
|
+$177M |
| 3 |
Procter & Gamble
PG
|
+$156M |
| 4 |
Linde
LIN
|
+$155M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$152M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$174M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| 1 | Financials | 16.41% |
| 2 | Technology | 16.21% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.86% |
| 5 | Industrials | 9.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
351
Agilent Technologies
A
$36.3B
| $42M | 0.06% |
622,292
-38,635
| -6% | -$2.61M |
|
352
Las Vegas Sands
LVS
$37.1B
| $41.6M | 0.06% |
798,790
+19,360
| +2% | +$1.01M |
|
353
Regency Centers
REG
$13.3B
| $41.5M | 0.06% |
707,632
+230,511
| +48% | +$13.5M |
|
354
Monster Beverage
MNST
$61.5B
| $41.5M | 0.06% |
1,686,708
+64,958
| +4% | +$1.6M |
|
355
W.R. Berkley
WRB
$27.5B
| $41.5M | 0.06% |
1,893,237
+514,941
| +37% | +$11.3M |
|
356
Stanley Black & Decker
SWK
$12.1B
| $41.4M | 0.06% |
346,044
-4,048
| -1% | -$485K |
|
357
Fifth Third Bancorp
FITB
$30.1B
| $41.3M | 0.06% |
1,755,968
-121,425
| -6% | -$2.86M |
|
358
Garmin
GRMN
$46.1B
| $41.2M | 0.06% |
650,845
+126,936
| +24% | +$8.04M |
|
359
Oneok
OKE
$45.2B
| $40.6M | 0.06% |
752,303
-17,085
| -2% | -$922K |
|
360
Camden Property Trust
CPT
$11.9B
| $40.5M | 0.06% |
460,222
+121,365
| +36% | +$10.7M |
|
361
W.W. Grainger
GWW
$47.7B
| $40.5M | 0.06% |
143,411
-15,728
| -10% | -$4.44M |
|
362
Best Buy
BBY
$16.3B
| $40.4M | 0.06% |
762,583
-21,224
| -3% | -$1.12M |
|
363
International Paper
IP
$25B
| $39.7M | 0.06% |
1,038,166
-17,744
| -2% | -$678K |
|
|
VIAB
364
DELISTED
Viacom Inc. Class B
VIAB
| $39.6M | 0.06% |
1,541,417
+172,764
| +13% | +$4.44M |
|
365
Electronic Arts
EA
$42B
| $39.2M | 0.06% |
497,009
-41,318
| -8% | -$3.26M |
|
366
Nucor
NUE
$32.4B
| $38.6M | 0.05% |
745,906
-40,458
| -5% | -$2.1M |
|
367
American Financial Group
AFG
$11.5B
| $38.6M | 0.05% |
426,218
+99,944
| +31% | +$9.05M |
|
368
Weyerhaeuser
WY
$18.7B
| $38.3M | 0.05% |
1,749,880
+5,421
| +0.3% | +$119K |
|
369
Huntington Ingalls Industries
HII
$10.6B
| $37.4M | 0.05% |
196,547
+27,669
| +16% | +$5.27M |
|
|
PXD
370
DELISTED
Pioneer Natural Resource Co.
PXD
| $37.4M | 0.05% |
284,121
-33,315
| -10% | -$4.38M |
|
371
Liberty Broadband Class C
LBRDK
$8.68B
| $37.3M | 0.05% |
517,921
+155,114
| +43% | +$11.2M |
|
372
Gen Digital
GEN
$18.4B
| $37.1M | 0.05% |
1,964,227
-163,084
| -8% | -$3.08M |
|
373
NNN REIT
NNN
$8.12B
| $37M | 0.05% |
763,445
+196,476
| +35% | +$9.53M |
|
374
NetApp
NTAP
$24.2B
| $37M | 0.05% |
619,935
-24,206
| -4% | -$1.44M |
|
375
Bunge Global
BG
$16.9B
| $36.9M | 0.05% |
689,902
+68,303
| +11% | +$3.65M |
|