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 |
ATVI
Activision Blizzard Inc.
ATVI
|
+$217M |
| 2 |
T-Mobile US
TMUS
|
+$208M |
| 3 |
Electronic Arts
EA
|
+$208M |
| 4 |
Amazon
AMZN
|
+$205M |
| 5 |
Microsoft
MSFT
|
+$193M |
Top Sells
| 1 |
Realty Income
O
|
+$110M |
| 2 |
Healthpeak Properties
DOC
|
+$86.3M |
| 3 |
Hartford Financial Services
HIG
|
+$63.5M |
| 4 |
Annaly Capital Management
NLY
|
+$62.7M |
| 5 |
W.P. Carey
WPC
|
+$51.3M |
Sector Composition
| 1 | Technology | 21.87% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.93% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
LSXMK
376
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $47.5M | 0.04% |
1,854,933
-7,391
| -0.4% | -$189K |
|
377
Simon Property Group
SPG
$58.8B
| $47.5M | 0.04% |
734,642
+27,299
| +4% | +$1.77M |
|
378
CrowdStrike
CRWD
$126B
| $47.5M | 0.04% |
345,605
+110,805
| +47% | +$15.2M |
|
|
379
Hartford Financial Services
HIG
$36.9B
| $47.3M | 0.04% |
1,284,047
-1,723,942
| -57% | -$63.5M |
|
380
West Pharmaceutical
WST
$18.3B
| $46.4M | 0.04% |
168,950
+3,904
| +2% | +$1.07M |
|
381
Southwest Airlines
LUV
$16.9B
| $46.3M | 0.04% |
1,235,521
-8,514
| -0.7% | -$319K |
|
382
Moderna
MRNA
$9.9B
| $46.2M | 0.04% |
652,469
+52,472
| +9% | +$3.71M |
|
383
Copart
CPRT
$44B
| $45.2M | 0.04% |
1,718,544
-115,188
| -6% | -$3.03M |
|
384
Marathon Petroleum
MPC
$56.3B
| $45.1M | 0.04% |
1,537,614
+45,532
| +3% | +$1.34M |
|
|
CDK
385
DELISTED
CDK Global, Inc.
CDK
| $45.1M | 0.04% |
1,034,949
+7,530
| +0.7% | +$328K |
|
386
Delta Air Lines
DAL
$38.8B
| $45M | 0.04% |
1,471,203
-7,138
| -0.5% | -$218K |
|
387
Kraft Heinz
KHC
$30.9B
| $44.8M | 0.04% |
1,497,157
-5,027
| -0.3% | -$151K |
|
388
Ameriprise Financial
AMP
$46.3B
| $44.7M | 0.04% |
290,220
+4,577
| +2% | +$705K |
|
|
NBIS
389
Nebius Group N.V. Class A Ordinary Shares
NBIS
$23.5B
| $44.3M | 0.04% |
678,928
+40,126
| +6% | +$2.62M |
|
390
Erie Indemnity
ERIE
$16.7B
| $43.7M | 0.04% |
207,793
-5,752
| -3% | -$1.21M |
|
391
LyondellBasell Industries
LYB
$16.9B
| $43.6M | 0.04% |
618,065
+20,548
| +3% | +$1.45M |
|
|
KSU
392
DELISTED
Kansas City Southern
KSU
| $43.1M | 0.04% |
238,449
-357
| -0.1% | -$64.6K |
|
|
393
W.P. Carey
WPC
$14.8B
| $42.9M | 0.04% |
671,438
-804,407
| -55% | -$51.3M |
|
394
Bunge Global
BG
$16B
| $42.7M | 0.04% |
935,293
-23,909
| -2% | -$1.09M |
|
|
FRC
395
DELISTED
First Republic Bank
FRC
| $42.5M | 0.04% |
389,732
+8,924
| +2% | +$973K |
|
396
Roku
ROKU
$14.6B
| $42M | 0.04% |
222,256
-5,186
| -2% | -$979K |
|
397
KKR & Co
KKR
$133B
| $41.8M | 0.04% |
1,218,602
+27,696
| +2% | +$951K |
|
|
COUP
398
DELISTED
Coupa Software Incorporated
COUP
| $41.7M | 0.04% |
152,206
+3,656
| +2% | +$1M |
|
399
Elanco Animal Health
ELAN
$9.49B
| $41.6M | 0.04% |
1,488,320
+21,300
| +1% | +$595K |
|
400
Burlington
BURL
$16.7B
| $41.3M | 0.04% |
200,508
-3,785
| -2% | -$780K |
|