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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 3 |
JOBS
51job, Inc.
JOBS
|
+$26.8M |
| 4 |
Intel
INTC
|
+$24.2M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$22.7M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
+$312M |
| 2 |
Amazon
AMZN
|
+$153M |
| 3 |
Johnson & Johnson
JNJ
|
+$75.8M |
| 4 |
Microsoft
MSFT
|
+$69.7M |
| 5 |
Honeywell
HON
|
+$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.58% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
FRC
401
DELISTED
First Republic Bank
FRC
| $32.3M | 0.05% |
348,984
-9,363
| -3% | -$867K |
|
402
HF Sinclair
DINO
$9.56B
| $32.3M | 0.05% |
660,551
-77,834
| -11% | -$3.8M |
|
403
Akamai
AKAM
$11.3B
| $32.2M | 0.05% |
453,991
-5,697
| -1% | -$404K |
|
404
Incyte
INCY
$16.9B
| $32.2M | 0.05% |
386,005
-203
| -0.1% | -$16.9K |
|
405
Campbell Soup
CPB
$10.1B
| $32M | 0.05% |
738,916
+181,117
| +32% | +$7.84M |
|
406
Vornado Realty Trust
VNO
$7.81B
| $32M | 0.05% |
475,365
+41,573
| +10% | +$2.8M |
|
407
Xylem
XYL
$34.1B
| $32M | 0.05% |
415,835
-136,608
| -25% | -$10.5M |
|
408
Expeditors International
EXPD
$16.5B
| $31.8M | 0.05% |
502,745
-2,986
| -0.6% | -$189K |
|
409
VeriSign
VRSN
$26.4B
| $31.6M | 0.05% |
266,759
-9,245
| -3% | -$1.1M |
|
410
Church & Dwight Co
CHD
$23B
| $31.5M | 0.04% |
626,470
-12,389
| -2% | -$624K |
|
411
Coty
COTY
$3.77B
| $31.5M | 0.04% |
1,718,990
-562,945
| -25% | -$10.3M |
|
|
GAP
412
The Gap, Inc.
GAP
$8.96B
| $31.4M | 0.04% |
1,006,785
+45,799
| +5% | +$1.43M |
|
413
Arista Networks
ANET
$176B
| $31.4M | 0.04% |
1,965,952
+330,688
| +20% | +$5.28M |
|
414
McCormick & Company Non-Voting
MKC
$18.8B
| $31.3M | 0.04% |
588,934
+2,960
| +0.5% | +$157K |
|
415
Universal Health Services
UHS
$11.8B
| $31.3M | 0.04% |
264,285
-3,401
| -1% | -$403K |
|
416
Domino's
DPZ
$15.8B
| $31.3M | 0.04% |
133,971
-12,156
| -8% | -$2.84M |
|
417
Palo Alto Networks
PANW
$132B
| $31.3M | 0.04% |
1,033,926
-112,392
| -10% | -$3.4M |
|
418
TransDigm Group
TDG
$72.9B
| $31.3M | 0.04% |
101,889
-79
| -0.1% | -$24.2K |
|
419
Ball Corp
BALL
$13.9B
| $31.2M | 0.04% |
785,990
+43,117
| +6% | +$1.71M |
|
420
Newell Brands
NWL
$2.65B
| $31.2M | 0.04% |
1,223,966
+196,837
| +19% | +$5.02M |
|
421
Devon Energy
DVN
$21.9B
| $31.1M | 0.04% |
977,287
-187,071
| -16% | -$5.95M |
|
422
Huntington Ingalls Industries
HII
$10.6B
| $31M | 0.04% |
120,122
-3,396
| -3% | -$875K |
|
|
JOBS
423
DELISTED
51job, Inc.
JOBS
| $30.9M | 0.04% |
359,560
+311,151
| +643% | +$26.8M |
|
|
JNPR
424
DELISTED
Juniper Networks
JNPR
| $30.9M | 0.04% |
1,271,109
+54,077
| +4% | +$1.32M |
|
425
Nektar Therapeutics
NKTR
$843M
| $30.8M | 0.04% |
19,349
+3,790
| +24% | +$6.04M |
|