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 | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Advanced Micro Devices
AMD
$245B
| $41.1M | 0.05% |
1,610,738
-29,760
| -2% | -$759K |
|
377
CBRE Group
CBRE
$48.9B
| $41M | 0.05% |
828,806
-52,188
| -6% | -$2.58M |
|
|
HES
378
DELISTED
Hess
HES
| $41M | 0.05% |
679,984
-76,287
| -10% | -$4.59M |
|
379
Ameriprise Financial
AMP
$46.1B
| $40.7M | 0.05% |
317,606
-29,520
| -9% | -$3.78M |
|
380
Mettler-Toledo International
MTD
$26.9B
| $40.3M | 0.05% |
55,695
+2,535
| +5% | +$1.83M |
|
381
Kohl's
KSS
$1.86B
| $39.8M | 0.05% |
579,422
-89,934
| -13% | -$6.18M |
|
382
Global Payments
GPN
$21.3B
| $39.8M | 0.05% |
291,397
-13,476
| -4% | -$1.84M |
|
383
Nucor
NUE
$33.8B
| $39.8M | 0.05% |
681,711
-64,195
| -9% | -$3.75M |
|
384
Fox Class B
FOX
$24.9B
| $39.2M | 0.05% |
+1,093,604
| New | +$39.2M |
|
385
NetApp
NTAP
$23.7B
| $39.2M | 0.05% |
565,532
-54,403
| -9% | -$3.77M |
|
386
SL Green Realty
SLG
$4.4B
| $38.9M | 0.05% |
447,402
+34,783
| +8% | +$3.03M |
|
|
PBCT
387
DELISTED
People's United Financial Inc
PBCT
| $38.8M | 0.05% |
2,360,967
+223,744
| +10% | +$3.68M |
|
388
Elanco Animal Health
ELAN
$9.16B
| $38.8M | 0.05% |
1,210,218
+1,199,926
| +11,659% | +$38.5M |
|
389
Cintas
CTAS
$82.4B
| $38.8M | 0.05% |
767,940
-24,816
| -3% | -$1.25M |
|
390
lululemon athletica
LULU
$19.9B
| $38.3M | 0.05% |
233,862
-127,345
| -35% | -$20.9M |
|
391
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $38.2M | 0.05% |
441,979
+76,652
| +21% | +$6.63M |
|
392
Principal Financial Group
PFG
$17.8B
| $38.1M | 0.05% |
759,612
-56,782
| -7% | -$2.85M |
|
|
PXD
393
DELISTED
Pioneer Natural Resource Co.
PXD
| $38.1M | 0.05% |
250,360
-33,761
| -12% | -$5.14M |
|
394
SBA Communications
SBAC
$21.2B
| $38M | 0.05% |
190,190
-7,141
| -4% | -$1.43M |
|
395
Bunge Global
BG
$16.9B
| $37.9M | 0.05% |
714,855
+24,953
| +4% | +$1.32M |
|
396
KeyCorp
KEY
$20.8B
| $37.9M | 0.05% |
2,407,385
+4,216
| +0.2% | +$66.4K |
|
397
Align Technology
ALGN
$10.1B
| $37.5M | 0.05% |
131,929
-33,635
| -20% | -$9.56M |
|
398
Kraft Heinz
KHC
$32.3B
| $37.4M | 0.05% |
1,144,175
+10,250
| +0.9% | +$335K |
|
|
XYZ
399
Block, Inc.
XYZ
$45.7B
| $37.1M | 0.05% |
494,754
-12,444
| -2% | -$932K |
|
|
TIF
400
DELISTED
Tiffany & Co.
TIF
| $36.7M | 0.05% |
347,996
-182,437
| -34% | -$19.3M |
|