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 |
Walt Disney
DIS
|
$134M |
| 2 |
PepsiCo
PEP
|
$132M |
| 3 |
Coca-Cola
KO
|
$126M |
| 4 |
Procter & Gamble
PG
|
$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$315M |
| 2 |
Mastercard
MA
|
$267M |
| 3 |
Apple
AAPL
|
$221M |
| 4 |
RTN
Raytheon Company
RTN
|
$149M |
| 5 |
Northrop Grumman
NOC
|
$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Idexx Laboratories
IDXX
$52.2B
| $36.7M | 0.05% |
164,045
-22,989
| -12% | -$5.14M |
|
|
INFO
402
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $36.6M | 0.05% |
673,848
-2,255
| -0.3% | -$123K |
|
403
Citizens Financial Group
CFG
$22.3B
| $36.4M | 0.04% |
1,120,396
-91,218
| -8% | -$2.96M |
|
404
Assurant
AIZ
$10.7B
| $36.4M | 0.04% |
383,098
+23,732
| +7% | +$2.25M |
|
405
MSCI
MSCI
$44.5B
| $36.3M | 0.04% |
182,671
-6,408
| -3% | -$1.27M |
|
406
RenaissanceRe
RNR
$11.3B
| $35.9M | 0.04% |
250,132
+44,546
| +22% | +$6.39M |
|
407
Waters Corp
WAT
$18.4B
| $35.2M | 0.04% |
140,016
-6,918
| -5% | -$1.74M |
|
408
Akamai
AKAM
$11.3B
| $35.1M | 0.04% |
489,342
+14,363
| +3% | +$1.03M |
|
409
Fastenal
FAST
$55.3B
| $35M | 0.04% |
2,175,592
-74,692
| -3% | -$1.2M |
|
410
Freeport-McMoran
FCX
$67B
| $34.8M | 0.04% |
2,696,203
-285,089
| -10% | -$3.67M |
|
411
Aptiv
APTV
$17.9B
| $34M | 0.04% |
427,894
-25,532
| -6% | -$2.03M |
|
|
PARA
412
DELISTED
Paramount Global Class B
PARA
| $33.6M | 0.04% |
707,163
-85,122
| -11% | -$4.05M |
|
413
Ally Financial
ALLY
$12.7B
| $33.4M | 0.04% |
1,213,702
-21,024
| -2% | -$578K |
|
414
Fortive
FTV
$16.2B
| $33.3M | 0.04% |
473,661
-29,922
| -6% | -$2.1M |
|
415
American Airlines Group
AAL
$8.54B
| $33M | 0.04% |
1,038,375
-77,340
| -7% | -$2.46M |
|
416
MGM Resorts International
MGM
$9.85B
| $33M | 0.04% |
1,284,415
+155,718
| +14% | +$4M |
|
417
Blackstone
BX
$135B
| $32.9M | 0.04% |
941,557
-26,423
| -3% | -$924K |
|
418
Huntington Bancshares
HBAN
$25.9B
| $32.9M | 0.04% |
2,592,516
+140,974
| +6% | +$1.79M |
|
419
H&R Block
HRB
$6.97B
| $32.9M | 0.04% |
1,373,090
+116,542
| +9% | +$2.79M |
|
420
Liberty Global Class C
LBTYK
$4.04B
| $32.8M | 0.04% |
1,354,744
-108,618
| -7% | -$2.63M |
|
421
MPLX
MPLX
$51.1B
| $32.7M | 0.04% |
995,363
-15,743
| -2% | -$518K |
|
422
Host Hotels & Resorts
HST
$12B
| $32.7M | 0.04% |
1,730,722
-168,475
| -9% | -$3.18M |
|
423
Cardinal Health
CAH
$35.9B
| $32.3M | 0.04% |
671,292
-36,869
| -5% | -$1.78M |
|
|
VMW
424
DELISTED
VMware, Inc
VMW
| $32.2M | 0.04% |
178,211
-25,237
| -12% | -$4.56M |
|
425
Devon Energy
DVN
$21.9B
| $31.9M | 0.04% |
1,010,351
+92,945
| +10% | +$2.93M |
|