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 |
Walt Disney
DIS
|
$134M |
| 2 |
PepsiCo
PEP
|
$132M |
| 3 |
Coca-Cola
KO
|
$126M |
| 4 |
Procter & Gamble
PG
|
$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$315M |
| 2 |
Mastercard
MA
|
$267M |
| 3 |
Apple
AAPL
|
$221M |
| 4 |
RTN
Raytheon Company
RTN
|
$149M |
| 5 |
Northrop Grumman
NOC
|
$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
351
Gen Digital
GEN
$18.3B
| $46.4M | 0.06% |
2,020,097
+55,870
| +3% | +$1.28M |
|
352
T-Mobile US
TMUS
$275B
| $46.4M | 0.06% |
671,105
-32,628
| -5% | -$2.25M |
|
353
Weyerhaeuser
WY
$18.5B
| $45.7M | 0.06% |
1,735,180
-14,700
| -0.8% | -$387K |
|
354
Workday
WDAY
$62.2B
| $45.6M | 0.06% |
236,694
+27,644
| +13% | +$5.33M |
|
355
International Paper
IP
$24.7B
| $44.8M | 0.06% |
1,023,172
-14,994
| -1% | -$657K |
|
356
Carnival Corp
CCL
$43.2B
| $44.8M | 0.06% |
882,661
-434,159
| -33% | -$22M |
|
357
Stanley Black & Decker
SWK
$12.2B
| $44.7M | 0.06% |
328,002
-18,042
| -5% | -$2.46M |
|
358
Palo Alto Networks
PANW
$132B
| $44.5M | 0.05% |
1,098,948
-1,564,968
| -59% | -$63.3M |
|
359
Campbell Soup
CPB
$10.1B
| $44M | 0.05% |
1,153,181
+127,986
| +12% | +$4.88M |
|
360
Rollins
ROL
$27.6B
| $43.8M | 0.05% |
1,579,754
+283,154
| +22% | +$7.86M |
|
|
LPT
361
DELISTED
Liberty Property Trust
LPT
| $43.7M | 0.05% |
901,780
+155,837
| +21% | +$7.55M |
|
362
Cadence Design Systems
CDNS
$98.1B
| $43.5M | 0.05% |
685,043
-672,756
| -50% | -$42.7M |
|
|
LSXMK
363
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $43.1M | 0.05% |
1,479,997
+304,879
| +26% | +$8.88M |
|
364
Monster Beverage
MNST
$61.2B
| $43M | 0.05% |
1,575,098
-111,610
| -7% | -$3.05M |
|
365
Edison International
EIX
$20.6B
| $42.9M | 0.05% |
692,271
-1,337,487
| -66% | -$82.8M |
|
|
FLIR
366
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $42.7M | 0.05% |
898,387
+176,501
| +24% | +$8.4M |
|
|
GAP
367
The Gap, Inc.
GAP
$8.85B
| $42.5M | 0.05% |
1,623,668
+734,097
| +83% | +$19.2M |
|
368
Baidu
BIDU
$37.4B
| $42.5M | 0.05% |
257,632
-131,441
| -34% | -$21.7M |
|
369
KLA
KLAC
$121B
| $42.1M | 0.05% |
352,425
+19,002
| +6% | +$2.27M |
|
370
Conagra Brands
CAG
$9.32B
| $42.1M | 0.05% |
1,515,890
-989,179
| -39% | -$27.4M |
|
371
Regions Financial
RF
$24.1B
| $41.7M | 0.05% |
2,948,902
-231,821
| -7% | -$3.28M |
|
|
TWTR
372
DELISTED
Twitter, Inc.
TWTR
| $41.6M | 0.05% |
1,263,711
-620,748
| -33% | -$20.4M |
|
373
W.W. Grainger
GWW
$47.6B
| $41.3M | 0.05% |
137,351
-6,060
| -4% | -$1.82M |
|
374
Invitation Homes
INVH
$18.4B
| $41.3M | 0.05% |
1,696,352
+341,630
| +25% | +$8.31M |
|
375
TransDigm Group
TDG
$71B
| $41.1M | 0.05% |
90,591
-3,265
| -3% | -$1.48M |
|