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 |
Coca-Cola
KO
|
+$95.4M |
| 2 |
PepsiCo
PEP
|
+$73.5M |
| 3 |
Accenture
ACN
|
+$68.9M |
| 4 |
Lockheed Martin
LMT
|
+$66.5M |
| 5 |
Simon Property Group
SPG
|
+$53.6M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
+$144M |
| 2 |
Apple
AAPL
|
+$100M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$98.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.6M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.5M |
Sector Composition
| 1 | Technology | 17.51% |
| 2 | Financials | 17.03% |
| 3 | Healthcare | 13.68% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
WRK
401
DELISTED
WestRock Company
WRK
| $38.4M | 0.05% |
717,981
+60,213
| +9% | +$3.22M |
|
402
Expedia Group
EXPE
$26.5B
| $38.2M | 0.05% |
292,579
-24,255
| -8% | -$3.16M |
|
403
Cencora
COR
$57.6B
| $38.2M | 0.05% |
413,747
-46,473
| -10% | -$4.29M |
|
404
MPLX
MPLX
$51B
| $38M | 0.05% |
1,096,594
+118,270
| +12% | +$4.1M |
|
405
Global Payments
GPN
$20.7B
| $38M | 0.05% |
298,359
-56,897
| -16% | -$7.25M |
|
406
CBRE Group
CBRE
$48.2B
| $37.8M | 0.05% |
857,526
+26,105
| +3% | +$1.15M |
|
407
Blackstone
BX
$139B
| $37.8M | 0.05% |
991,365
-116,655
| -11% | -$4.44M |
|
408
DaVita
DVA
$9.47B
| $37.8M | 0.05% |
527,012
-44,818
| -8% | -$3.21M |
|
409
Advance Auto Parts
AAP
$3.58B
| $37.6M | 0.05% |
223,446
-6,603
| -3% | -$1.11M |
|
410
Franklin Resources
BEN
$12.6B
| $37.6M | 0.05% |
1,235,301
-19,256
| -2% | -$586K |
|
411
D.R. Horton
DHI
$52.5B
| $37.5M | 0.05% |
890,048
-2,819
| -0.3% | -$119K |
|
412
Dell
DELL
$84.3B
| $37.5M | 0.05% |
1,377,306
+81,898
| +6% | +$2.23M |
|
413
UDR
UDR
$12.7B
| $37.1M | 0.05% |
916,863
+156,224
| +21% | +$6.32M |
|
414
Coca-Cola Europacific Partners
CCEP
$40.3B
| $37M | 0.05% |
814,688
+317,291
| +64% | +$14.4M |
|
415
Akamai
AKAM
$11B
| $37M | 0.05% |
505,604
+26,188
| +5% | +$1.92M |
|
416
Atmos Energy
ATO
$26.4B
| $36.9M | 0.05% |
392,881
+77,160
| +24% | +$7.25M |
|
417
Ally Financial
ALLY
$12.7B
| $36.9M | 0.05% |
1,394,874
-20,889
| -1% | -$553K |
|
|
Y
418
DELISTED
Alleghany Corporation
Y
| $36.9M | 0.05% |
56,533
+10,785
| +24% | +$7.04M |
|
419
Microchip Technology
MCHP
$35B
| $36.8M | 0.05% |
933,784
-20,750
| -2% | -$819K |
|
420
Garmin
GRMN
$45.5B
| $36.7M | 0.05% |
523,909
+42,005
| +9% | +$2.94M |
|
421
Eastman Chemical
EMN
$7.61B
| $36.4M | 0.05% |
380,049
-14,607
| -4% | -$1.4M |
|
422
American Financial Group
AFG
$11.5B
| $36.2M | 0.05% |
326,274
+61,277
| +23% | +$6.8M |
|
423
Alliant Energy
LNT
$16.5B
| $36.2M | 0.05% |
849,189
+238,968
| +39% | +$10.2M |
|
424
International Flavors & Fragrances
IFF
$16.5B
| $36.1M | 0.05% |
259,741
+39,855
| +18% | +$5.54M |
|
425
KLA
KLAC
$122B
| $35.8M | 0.05% |
351,696
-8,572
| -2% | -$872K |
|