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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
United Therapeutics
UTHR
$18.3B
| $34.7M | 0.05% |
235,844
+65,527
| +38% | +$9.64M |
|
|
CFN
402
DELISTED
CAREFUSION CORPORATION
CFN
| $34.7M | 0.05% |
580,700
-387,000
| -40% | -$23.1M |
|
|
PLL
403
DELISTED
PALL CORP
PLL
| $34.5M | 0.05% |
347,264
+20,600
| +6% | +$2.05M |
|
|
FL
404
DELISTED
Foot Locker
FL
| $34.4M | 0.05% |
635,764
+8,600
| +1% | +$465K |
|
405
Check Point Software Technologies
CHKP
$21.1B
| $34.4M | 0.05% |
433,900
+3,400
| +0.8% | +$269K |
|
|
XLNX
406
DELISTED
Xilinx Inc
XLNX
| $34.3M | 0.05% |
870,412
-60,409
| -6% | -$2.38M |
|
407
EQT Corp
EQT
$31.4B
| $34.3M | 0.05% |
837,859
-46,425
| -5% | -$1.9M |
|
408
Lamar Advertising Co
LAMR
$12.9B
| $34.2M | 0.05% |
606,824
| – | – |
|
409
Edgewell Personal Care
EPC
$1.05B
| $34.1M | 0.05% |
355,383
-40,396
| -10% | -$3.88M |
|
|
AMTD
410
DELISTED
TD Ameritrade Holding Corp
AMTD
| $33.9M | 0.05% |
1,019,613
-69,570
| -6% | -$2.32M |
|
|
JWN
411
DELISTED
Nordstrom
JWN
| $33.7M | 0.05% |
428,259
+800
| +0.2% | +$63K |
|
412
Affiliated Managers Group
AMG
$6.57B
| $33.5M | 0.05% |
163,715
-3,831
| -2% | -$785K |
|
413
Vulcan Materials
VMC
$39.5B
| $33.3M | 0.05% |
474,835
-31,375
| -6% | -$2.2M |
|
414
SL Green Realty
SLG
$4.32B
| $33.3M | 0.05% |
264,318
-17,355
| -6% | -$2.19M |
|
415
Essex Property Trust
ESS
$17.1B
| $33.3M | 0.05% |
145,034
-700
| -0.5% | -$161K |
|
416
Pilgrim's Pride
PPC
$10.6B
| $33.1M | 0.05% |
893,905
-143,923
| -14% | -$5.33M |
|
417
Quest Diagnostics
DGX
$20.4B
| $33.1M | 0.05% |
463,820
-63,779
| -12% | -$4.55M |
|
418
Everest Group
EG
$14.2B
| $33M | 0.05% |
188,689
-22,640
| -11% | -$3.96M |
|
419
Celanese
CE
$5.09B
| $32.9M | 0.05% |
605,814
-85,600
| -12% | -$4.64M |
|
420
Alliant Energy
LNT
$16.5B
| $32.9M | 0.05% |
938,708
+55,600
| +6% | +$1.95M |
|
|
VAR
421
DELISTED
Varian Medical Systems, Inc.
VAR
| $32.8M | 0.05% |
430,152
+4,562
| +1% | +$348K |
|
422
Tapestry
TPR
$21.8B
| $32.8M | 0.05% |
892,762
+80,599
| +10% | +$2.96M |
|
423
BorgWarner
BWA
$9.45B
| $32.6M | 0.05% |
674,363
+1,704
| +0.3% | +$82.3K |
|
424
Cheniere Energy
LNG
$51.3B
| $32M | 0.04% |
437,100
+17,800
| +4% | +$1.3M |
|
425
Autodesk
ADSK
$69.6B
| $32M | 0.04% |
569,200
-106,100
| -16% | -$5.96M |
|