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 |
YHOO
Yahoo Inc
YHOO
|
+$84.3M |
| 2 |
Zoetis
ZTS
|
+$65.3M |
| 3 |
Yum! Brands
YUM
|
+$53.2M |
| 4 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$45.7M |
| 5 |
Zimmer Biomet
ZBH
|
+$40.6M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$122M |
| 2 |
Apple
AAPL
|
+$61.9M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
+$57.7M |
| 4 |
STJ
St Jude Medical
STJ
|
+$53.3M |
| 5 |
Microsoft
MSFT
|
+$51.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 15.06% |
| 3 | Healthcare | 12.81% |
| 4 | Industrials | 10.76% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
CIT
401
DELISTED
CIT Group Inc.
CIT
| $27M | 0.04% |
629,700
+2,200
| +0.4% | +$94.4K |
|
402
Hasbro
HAS
$10.9B
| $27M | 0.04% |
270,734
-10,400
| -4% | -$1.04M |
|
403
Cincinnati Financial
CINF
$23.8B
| $27M | 0.04% |
373,472
-30,700
| -8% | -$2.22M |
|
404
Synopsys
SNPS
$71.8B
| $26.9M | 0.04% |
372,460
-17,200
| -4% | -$1.24M |
|
405
SBA Communications
SBAC
$20.8B
| $26.8M | 0.04% |
223,000
-21,700
| -9% | -$2.61M |
|
|
WRK
406
DELISTED
WestRock Company
WRK
| $26.8M | 0.04% |
515,554
-39,000
| -7% | -$2.03M |
|
407
Goodyear
GT
$2.45B
| $26.7M | 0.04% |
741,200
-7,900
| -1% | -$284K |
|
|
FL
408
DELISTED
Foot Locker
FL
| $26.7M | 0.04% |
356,264
-3,100
| -0.9% | -$232K |
|
409
McCormick & Company Non-Voting
MKC
$18.4B
| $26.6M | 0.04% |
546,000
-28,600
| -5% | -$1.39M |
|
410
Pinnacle West Capital
PNW
$10.5B
| $26.5M | 0.04% |
317,898
-700
| -0.2% | -$58.4K |
|
411
Interpublic Group of Companies
IPG
$9.51B
| $26.4M | 0.04% |
1,075,074
-18,700
| -2% | -$459K |
|
412
Markel Group
MKL
$24.3B
| $26.4M | 0.04% |
27,066
-600
| -2% | -$586K |
|
413
Ball Corp
BALL
$13.6B
| $26.2M | 0.04% |
706,952
-36,200
| -5% | -$1.34M |
|
414
Flex
FLEX
$21.7B
| $26.1M | 0.04% |
2,062,556
-78,426
| -4% | -$993K |
|
|
Y
415
DELISTED
Alleghany Corporation
Y
| $26M | 0.04% |
42,300
+1,300
| +3% | +$799K |
|
416
Chipotle Mexican Grill
CMG
$51.9B
| $25.8M | 0.04% |
2,890,000
-125,000
| -4% | -$1.11M |
|
417
Reinsurance Group of America
RGA
$12.7B
| $25.7M | 0.04% |
202,100
-6,200
| -3% | -$787K |
|
|
SIVB
418
DELISTED
SVB Financial Group
SIVB
| $25.6M | 0.04% |
137,500
+6,400
| +5% | +$1.19M |
|
|
ETFC
419
DELISTED
E*Trade Financial Corporation
ETFC
| $25.6M | 0.04% |
733,130
-17,000
| -2% | -$593K |
|
|
DISH
420
DELISTED
DISH Network Corp.
DISH
| $25.6M | 0.04% |
402,800
-37,800
| -9% | -$2.4M |
|
421
Bath & Body Works
BBWI
$5.81B
| $25.5M | 0.04% |
669,093
+13,359
| +2% | +$509K |
|
|
TIF
422
DELISTED
Tiffany & Co.
TIF
| $25.5M | 0.04% |
267,200
-4,900
| -2% | -$467K |
|
423
Martin Marietta Materials
MLM
$37.2B
| $25.4M | 0.04% |
116,580
-4,800
| -4% | -$1.05M |
|
424
Howmet Aerospace
HWM
$74.1B
| $25.3M | 0.04% |
1,254,621
-82,935
| -6% | -$1.68M |
|
425
Align Technology
ALGN
$9.64B
| $25.1M | 0.04% |
218,700
-2,500
| -1% | -$287K |
|