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 |
Apollo Global Management
APO
|
+$635M |
| 2 |
Verizon
VZ
|
+$198M |
| 3 |
EOG Resources
EOG
|
+$105M |
| 4 |
Perrigo
PRGO
|
+$46M |
| 5 |
Meta Platforms (Facebook)
META
|
+$40.8M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$35.3M |
| 3 |
Vodafone
VOD
|
+$31.5M |
| 4 |
Voya Financial
VOYA
|
+$30.5M |
| 5 |
Walmart
WMT
|
+$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.09% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
CFN
401
DELISTED
CAREFUSION CORPORATION
CFN
| $33.5M | 0.05% |
856,400
+10,400
| +1% | +$406K |
|
402
Clorox
CLX
$15.4B
| $33.5M | 0.05% |
372,935
-27,281
| -7% | -$2.45M |
|
403
Newmont
NEM
$83.2B
| $33.3M | 0.05% |
1,335,573
-53,753
| -4% | -$1.34M |
|
|
ALTR
404
DELISTED
ALTERA CORP
ALTR
| $33.3M | 0.05% |
949,566
-27,838
| -3% | -$976K |
|
405
American Water Works
AWK
$27.3B
| $33.2M | 0.05% |
729,644
+66,700
| +10% | +$3.03M |
|
406
Edgewell Personal Care
EPC
$1.05B
| $33M | 0.05% |
453,006
-99,287
| -18% | -$7.23M |
|
|
X
407
DELISTED
US Steel
X
| $32.8M | 0.05% |
1,176,460
+388,221
| +49% | +$10.8M |
|
|
MXIM
408
DELISTED
Maxim Integrated Products
MXIM
| $32.8M | 0.05% |
996,886
+181,186
| +22% | +$5.96M |
|
|
ESV
409
DELISTED
Ensco Rowan plc
ESV
| $32.8M | 0.05% |
161,703
+8,736
| +6% | +$1.77M |
|
410
Unum
UNM
$12.6B
| $32.7M | 0.05% |
959,886
-50,200
| -5% | -$1.71M |
|
411
Masco
MAS
$15.9B
| $32.6M | 0.05% |
1,695,586
-54,801
| -3% | -$1.05M |
|
412
Bunge Global
BG
$16.9B
| $32.5M | 0.05% |
406,322
-7,000
| -2% | -$560K |
|
413
Trimble
TRMB
$19.3B
| $32.4M | 0.05% |
860,982
+121,400
| +16% | +$4.57M |
|
414
Electronic Arts
EA
$42B
| $32.2M | 0.05% |
1,122,325
-66,097
| -6% | -$1.9M |
|
415
Travel + Leisure Co
TNL
$4.1B
| $32.2M | 0.05% |
1,004,562
+15,283
| +2% | +$490K |
|
416
Vulcan Materials
VMC
$39.5B
| $32.2M | 0.05% |
503,420
+79,290
| +19% | +$5.07M |
|
417
Owens Corning
OC
$13B
| $32.1M | 0.05% |
774,414
+2,370
| +0.3% | +$98.4K |
|
418
F5
FFIV
$18.4B
| $32.1M | 0.05% |
299,028
+70,372
| +31% | +$7.56M |
|
419
AXIS Capital
AXS
$7.67B
| $32.1M | 0.05% |
699,504
+49,359
| +8% | +$2.27M |
|
420
Oceaneering
OII
$2.41B
| $32M | 0.05% |
442,340
-23,030
| -5% | -$1.67M |
|
421
TripAdvisor
TRIP
$2.02B
| $31.9M | 0.05% |
370,245
+101,345
| +38% | +$8.72M |
|
422
Amdocs
DOX
$9.44B
| $31.9M | 0.05% |
688,650
-500
| -0.1% | -$23.1K |
|
|
ETP
423
DELISTED
Energy Transfer Partners L.p.
ETP
| $31.8M | 0.05% |
585,000
+10,000
| +2% | +$544K |
|
|
VAR
424
DELISTED
Varian Medical Systems, Inc.
VAR
| $31.7M | 0.05% |
430,722
+3,421
| +0.8% | +$252K |
|
|
COL
425
DELISTED
Rockwell Collins
COL
| $31.6M | 0.05% |
405,796
+761
| +0.2% | +$59.3K |
|