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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
376
Keurig Dr Pepper
KDP
$39.5B
| $51M | 0.04% |
1,346,514
-143,403
| -10% | -$5.43M |
|
377
The Mosaic Company
MOS
$10.4B
| $50.9M | 0.04% |
766,040
-34,679
| -4% | -$2.31M |
|
378
Mid-America Apartment Communities
MAA
$16.8B
| $50.7M | 0.04% |
242,144
-12,484
| -5% | -$2.61M |
|
379
Vulcan Materials
VMC
$38.1B
| $50.2M | 0.04% |
273,286
-12,367
| -4% | -$2.27M |
|
380
Martin Marietta Materials
MLM
$36.9B
| $50.1M | 0.04% |
130,200
-4,802
| -4% | -$1.85M |
|
381
Northern Trust
NTRS
$24.7B
| $50M | 0.04% |
429,529
-19,773
| -4% | -$2.3M |
|
382
W.W. Grainger
GWW
$48.7B
| $49.9M | 0.04% |
96,736
-4,989
| -5% | -$2.57M |
|
383
Ventas
VTR
$30.7B
| $49.7M | 0.04% |
805,336
-52,271
| -6% | -$3.23M |
|
384
Delta Air Lines
DAL
$40B
| $49.6M | 0.04% |
1,253,845
-90,854
| -7% | -$3.6M |
|
385
Hartford Financial Services
HIG
$37.4B
| $49.6M | 0.04% |
690,665
-63,073
| -8% | -$4.53M |
|
386
Twilio
TWLO
$16.1B
| $49.6M | 0.04% |
300,704
-23,104
| -7% | -$3.81M |
|
387
CDW
CDW
$21.4B
| $49.6M | 0.04% |
276,990
-18,265
| -6% | -$3.27M |
|
388
D.R. Horton
DHI
$51.3B
| $48.8M | 0.04% |
655,606
-44,023
| -6% | -$3.28M |
|
389
SiriusXM
SIRI
$7.92B
| $48.3M | 0.04% |
7,291,638
-249,019
| -3% | -$1.65M |
|
390
Essex Property Trust
ESS
$16.8B
| $47.9M | 0.04% |
138,549
-5,070
| -4% | -$1.75M |
|
391
Enphase Energy
ENPH
$4.85B
| $47.7M | 0.04% |
236,201
-49,774
| -17% | -$10M |
|
392
Invitation Homes
INVH
$18.5B
| $47.6M | 0.04% |
1,183,994
-85,705
| -7% | -$3.44M |
|
393
CF Industries
CF
$13.7B
| $46.9M | 0.04% |
455,212
-33,247
| -7% | -$3.43M |
|
|
HZNP
394
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $46.2M | 0.04% |
439,269
-33,306
| -7% | -$3.5M |
|
395
Dover
DOV
$24B
| $46.2M | 0.04% |
294,497
-13,826
| -4% | -$2.17M |
|
396
Apollo Global Management
APO
$75.9B
| $46M | 0.04% |
741,296
+263,959
| +55% | +$16.4M |
|
397
Cencora
COR
$57.2B
| $45.7M | 0.04% |
295,641
-28,796
| -9% | -$4.46M |
|
398
Best Buy
BBY
$15.8B
| $45.6M | 0.04% |
502,076
-44,418
| -8% | -$4.04M |
|
399
M&T Bank
MTB
$31B
| $45.3M | 0.04% |
267,177
-14,043
| -5% | -$2.38M |
|
400
Hewlett Packard
HPE
$29.9B
| $45.2M | 0.04% |
2,703,879
-170,278
| -6% | -$2.85M |
|