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 | |
|---|---|---|---|---|---|---|
376
IQVIA
IQV
$32.2B
| $36.8M | 0.05% |
316,463
-13,647
| -4% | -$1.59M |
|
|
ALXN
377
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $36.3M | 0.05% |
372,912
-67,966
| -15% | -$6.62M |
|
378
Ameriprise Financial
AMP
$46.5B
| $36.2M | 0.05% |
347,126
-60,697
| -15% | -$6.34M |
|
379
Principal Financial Group
PFG
$17.8B
| $36.1M | 0.05% |
816,394
-20,913
| -2% | -$924K |
|
380
Citizens Financial Group
CFG
$22.3B
| $36M | 0.05% |
1,211,614
-34,892
| -3% | -$1.04M |
|
381
American Airlines Group
AAL
$8.42B
| $35.8M | 0.05% |
1,115,715
-47,885
| -4% | -$1.54M |
|
|
CDK
382
DELISTED
CDK Global, Inc.
CDK
| $35.7M | 0.05% |
745,660
+184,144
| +33% | +$8.82M |
|
383
KeyCorp
KEY
$20.9B
| $35.5M | 0.05% |
2,403,169
-74,101
| -3% | -$1.1M |
|
384
Yum China
YUMC
$16.2B
| $35.4M | 0.05% |
1,056,453
+202,514
| +24% | +$6.79M |
|
385
CBRE Group
CBRE
$48.2B
| $35.3M | 0.05% |
880,994
+23,468
| +3% | +$940K |
|
|
VER
386
DELISTED
VEREIT, Inc.
VER
| $35.2M | 0.05% |
985,460
+292,163
| +42% | +$10.4M |
|
387
Unilever
UL
$155B
| $34.8M | 0.05% |
666,169
-51,831
| -7% | -$2.71M |
|
388
Idexx Laboratories
IDXX
$52.5B
| $34.8M | 0.05% |
187,034
-6,908
| -4% | -$1.29M |
|
389
Align Technology
ALGN
$9.85B
| $34.7M | 0.05% |
165,564
-4,447
| -3% | -$931K |
|
|
PARA
390
DELISTED
Paramount Global Class B
PARA
| $34.6M | 0.05% |
792,285
-20,531
| -3% | -$898K |
|
391
Aramark
ARMK
$10.1B
| $33.9M | 0.05% |
1,622,151
+380,853
| +31% | +$7.97M |
|
392
Campbell Soup
CPB
$10.1B
| $33.8M | 0.05% |
1,025,195
+164,038
| +19% | +$5.41M |
|
393
Workday
WDAY
$61.6B
| $33.4M | 0.05% |
209,050
-691
| -0.3% | -$110K |
|
394
Cintas
CTAS
$81.4B
| $33.3M | 0.05% |
792,756
-37,332
| -4% | -$1.57M |
|
|
LSXMK
395
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $33.1M | 0.05% |
1,175,118
+303,636
| +35% | +$8.55M |
|
396
Advance Auto Parts
AAP
$3.57B
| $32.7M | 0.05% |
207,403
-16,043
| -7% | -$2.53M |
|
|
INFO
397
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $32.4M | 0.05% |
676,103
-43,943
| -6% | -$2.11M |
|
398
Lumen
LUMN
$5.78B
| $32.2M | 0.05% |
2,127,995
-322,229
| -13% | -$4.88M |
|
399
Assurant
AIZ
$10.7B
| $32.1M | 0.05% |
359,366
+75,383
| +27% | +$6.74M |
|
400
SBA Communications
SBAC
$20.6B
| $31.9M | 0.04% |
197,331
-20,362
| -9% | -$3.3M |
|