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 | |
|---|---|---|---|---|---|---|
376
Weyerhaeuser
WY
$18.2B
| $38.5M | 0.05% |
1,462,768
-272,412
| -16% | -$7.18M |
|
377
MSCI
MSCI
$44B
| $37.7M | 0.04% |
157,957
-24,714
| -14% | -$5.9M |
|
378
KeyCorp
KEY
$20.9B
| $37.4M | 0.04% |
2,107,098
-300,287
| -12% | -$5.33M |
|
379
SL Green Realty
SLG
$4.21B
| $37.1M | 0.04% |
477,458
+30,056
| +7% | +$2.34M |
|
380
Ameriprise Financial
AMP
$46.5B
| $36.9M | 0.04% |
254,182
-63,424
| -20% | -$9.21M |
|
381
Kroger
KR
$44.7B
| $36.9M | 0.04% |
1,698,750
-327,453
| -16% | -$7.11M |
|
382
Halliburton
HAL
$18.5B
| $36.4M | 0.04% |
1,601,540
-162,788
| -9% | -$3.7M |
|
383
Edison International
EIX
$21.1B
| $36.3M | 0.04% |
537,836
-154,435
| -22% | -$10.4M |
|
384
Regions Financial
RF
$23.9B
| $35.9M | 0.04% |
2,401,763
-547,139
| -19% | -$8.17M |
|
385
Carnival Corp
CCL
$42.8B
| $35.3M | 0.04% |
759,048
-123,613
| -14% | -$5.75M |
|
386
Akamai
AKAM
$11.2B
| $35.2M | 0.04% |
439,578
-49,764
| -10% | -$3.99M |
|
387
Align Technology
ALGN
$9.85B
| $35.2M | 0.04% |
128,618
-3,311
| -3% | -$906K |
|
388
Fortive
FTV
$16.1B
| $35.2M | 0.04% |
515,829
+42,168
| +9% | +$2.88M |
|
389
lululemon athletica
LULU
$19.6B
| $35.2M | 0.04% |
195,216
-38,646
| -17% | -$6.96M |
|
390
Fastenal
FAST
$55B
| $35M | 0.04% |
2,150,742
-24,850
| -1% | -$405K |
|
391
Veeva Systems
VEEV
$46.3B
| $35M | 0.04% |
215,944
+26,905
| +14% | +$4.36M |
|
392
Vanguard Real Estate ETF
VNQ
$34.4B
| $34.8M | 0.04% |
398,213
-316,605
| -44% | -$27.7M |
|
|
HES
393
DELISTED
Hess
HES
| $34.5M | 0.04% |
542,318
-137,666
| -20% | -$8.75M |
|
394
Principal Financial Group
PFG
$17.8B
| $34.5M | 0.04% |
594,916
-164,696
| -22% | -$9.54M |
|
395
Corteva
CTVA
$49.2B
| $34.3M | 0.04% |
+1,161,327
| New | +$34.3M |
|
396
Nucor
NUE
$32.4B
| $34.2M | 0.04% |
621,330
-60,381
| -9% | -$3.33M |
|
|
XYZ
397
Block, Inc.
XYZ
$46B
| $34.2M | 0.04% |
471,113
-23,641
| -5% | -$1.71M |
|
398
CoStar Group
CSGP
$37.3B
| $34.1M | 0.04% |
614,950
+34,010
| +6% | +$1.88M |
|
399
International Paper
IP
$24.8B
| $33.9M | 0.04% |
827,540
-195,632
| -19% | -$8.03M |
|
400
KLA
KLAC
$121B
| $33.6M | 0.04% |
284,276
-68,149
| -19% | -$8.06M |
|