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 |
Medtronic
MDT
|
$293M |
| 2 |
Visa
V
|
$274M |
| 3 |
AGN
Allergan plc
AGN
|
$103M |
| 4 |
Equinix
EQIX
|
$36M |
| 5 |
Qorvo
QRVO
|
$32M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$179M |
| 2 |
Wells Fargo
WFC
|
$127M |
| 3 |
Microsoft
MSFT
|
$113M |
| 4 |
Occidental Petroleum
OXY
|
$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
3826
Forrester Research
FORR
$185M
| – | – |
-15,762
| Closed | -$586K |
|
3827
Freshpet
FRPT
$2.6B
| – | – |
-18,293
| Closed | -$254K |
|
3828
Gold Fields
GFI
$29.9B
| – | – |
-235,338
| Closed | -$1.35M |
|
3829
Gerdau
GGB
$6.15B
| – | – |
-708,226
| Closed | -$1.94M |
|
|
GRP.U
3830
Granite Real Estate Investment Trust
GRP.U
$3.35B
| – | – |
-63,000
| Closed | -$2.29M |
|
3831
HDFC Bank
HDB
$181B
| – | – |
-348,210
| Closed | -$10.8M |
|
3832
Honda
HMC
$44.6B
| – | – |
-74,882
| Closed | -$2.31M |
|
3833
ICICI Bank
IBN
$114B
| – | – |
-1,063,332
| Closed | -$12.5M |
|
3834
IDT Corp
IDT
$1.64B
| – | – |
-39,507
| Closed | -$634K |
|
3835
Infosys
INFY
$68.8B
| – | – |
-1,282,624
| Closed | -$11.3M |
|
3836
Itaú Unibanco
ITUB
$75.4B
| – | – |
-8,651,287
| Closed | -$47.6M |
|
3837
iShares US Real Estate ETF
IYR
$3.72B
| – | – |
-51,200
| Closed | -$4.25M |
|
3838
Lennar Class B
LEN.B
$34.2B
| – | – |
-42,292
| Closed | -$1.41M |
|
3839
Limoneira
LMNR
$288M
| – | – |
-26,900
| Closed | -$581K |
|
3840
MakeMyTrip
MMYT
$9.52B
| – | – |
-50,829
| Closed | -$1.39M |
|
3841
Altria Group
MO
$112B
| – | – |
-40,586
| Closed | -$2.21M |
|
3842
Topgolf Callaway Brands
MODG
$1.68B
| – | – |
-196,200
| Closed | -$1.55M |
|
3843
ArcelorMittal
MT
$25.3B
| – | – |
-162,333
| Closed | -$3.56M |
|
3844
New Mountain Finance
NMFC
$1.13B
| – | – |
-19,114
| Closed | -$278K |
|
3845
Nokia
NOK
$24.7B
| – | – |
-3,927,975
| Closed | -$31.5M |
|
3846
Novo Nordisk
NVO
$249B
| – | – |
-871,696
| Closed | -$19.8M |
|
3847
Novartis
NVS
$249B
| – | – |
-51,395
| Closed | -$4.56M |
|
3848
Oppenheimer Holdings
OPY
$783M
| – | – |
-17,600
| Closed | -$375K |
|
3849
Petrobras
PBR
$79.8B
| – | – |
-187,241
| Closed | -$1.4M |
|
|
3850
Petrobras Class A
PBR.A
$73.6B
| – | – |
-2,116,557
| Closed | -$16.6M |
|