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
|
+$203M |
| 2 |
PepsiCo
PEP
|
+$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
+$113M |
| 4 |
Newmont
NEM
|
+$111M |
| 5 |
McDonald's
MCD
|
+$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$512M |
| 2 |
Apple
AAPL
|
+$248M |
| 3 |
Microsoft
MSFT
|
+$209M |
| 4 |
JPMorgan Chase
JPM
|
+$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
INFO
351
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $43.4M | 0.05% |
681,189
+7,341
| +1% | +$468K |
|
352
United Airlines
UAL
$34.2B
| $43.4M | 0.05% |
495,524
-113,077
| -19% | -$9.9M |
|
353
Blackstone
BX
$135B
| $42.9M | 0.05% |
966,755
+25,198
| +3% | +$1.12M |
|
354
Oneok
OKE
$45.2B
| $42.9M | 0.05% |
623,328
-42,598
| -6% | -$2.93M |
|
355
Mettler-Toledo International
MTD
$26.5B
| $42.8M | 0.05% |
50,933
-4,762
| -9% | -$4M |
|
356
Fox Class B
FOX
$23.6B
| $42.7M | 0.05% |
1,168,152
+74,548
| +7% | +$2.72M |
|
357
Rollins
ROL
$27.8B
| $42.5M | 0.05% |
1,778,871
+199,117
| +13% | +$4.76M |
|
358
Global Payments
GPN
$21.1B
| $42.4M | 0.05% |
264,893
-26,504
| -9% | -$4.24M |
|
359
Elanco Animal Health
ELAN
$9.32B
| $42.4M | 0.05% |
1,253,837
+43,619
| +4% | +$1.47M |
|
360
Conagra Brands
CAG
$9.3B
| $41.9M | 0.05% |
1,580,378
+64,488
| +4% | +$1.71M |
|
361
TransDigm Group
TDG
$73.9B
| $41.9M | 0.05% |
86,604
-3,987
| -4% | -$1.93M |
|
362
Regeneron Pharmaceuticals
REGN
$59B
| $41.7M | 0.05% |
133,072
-9,263
| -7% | -$2.9M |
|
363
CBRE Group
CBRE
$48.2B
| $41.5M | 0.05% |
809,721
-19,085
| -2% | -$979K |
|
364
Stanley Black & Decker
SWK
$11.9B
| $41.4M | 0.05% |
286,592
-41,410
| -13% | -$5.99M |
|
365
Cintas
CTAS
$81.4B
| $41.1M | 0.05% |
692,708
-75,232
| -10% | -$4.46M |
|
366
Rockwell Automation
ROK
$38.6B
| $41.1M | 0.05% |
250,723
-16,332
| -6% | -$2.68M |
|
367
Tesla
TSLA
$1.12T
| $41M | 0.05% |
2,751,510
-494,130
| -15% | -$7.36M |
|
|
TWTR
368
DELISTED
Twitter, Inc.
TWTR
| $40.9M | 0.05% |
1,172,280
-91,431
| -7% | -$3.19M |
|
369
Mercado Libre
MELI
$120B
| $40.9M | 0.05% |
66,863
+13,524
| +25% | +$8.27M |
|
370
SBA Communications
SBAC
$20.6B
| $40.7M | 0.05% |
180,803
-9,387
| -5% | -$2.11M |
|
371
Las Vegas Sands
LVS
$37.1B
| $39.9M | 0.05% |
675,702
-151,073
| -18% | -$8.93M |
|
372
Best Buy
BBY
$16.2B
| $39.9M | 0.05% |
572,418
-158,960
| -22% | -$11.1M |
|
373
Fifth Third Bancorp
FITB
$30.1B
| $39.8M | 0.05% |
1,425,668
-477,241
| -25% | -$13.3M |
|
374
Palo Alto Networks
PANW
$132B
| $39.2M | 0.05% |
1,153,938
+54,990
| +5% | +$1.87M |
|
|
PXD
375
DELISTED
Pioneer Natural Resource Co.
PXD
| $39.1M | 0.05% |
253,951
+3,591
| +1% | +$553K |
|