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
|
+$203M |
| 2 |
PepsiCo
PEP
|
+$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
+$113M |
| 4 |
Newmont
NEM
|
+$111M |
| 5 |
McDonald's
MCD
|
+$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$512M |
| 2 |
Apple
AAPL
|
+$248M |
| 3 |
Microsoft
MSFT
|
+$209M |
| 4 |
JPMorgan Chase
JPM
|
+$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Chipotle Mexican Grill
CMG
$51.9B
| $33.1M | 0.04% |
2,260,450
-1,170,000
| -34% | -$17.1M |
|
402
Ametek
AME
$43.3B
| $33M | 0.04% |
362,882
-1,490
| -0.4% | -$135K |
|
403
Citizens Financial Group
CFG
$22.3B
| $32.9M | 0.04% |
929,389
-191,007
| -17% | -$6.75M |
|
404
Aptiv
APTV
$17.8B
| $32.8M | 0.04% |
405,782
-22,112
| -5% | -$1.79M |
|
405
CDW
CDW
$22.4B
| $32.7M | 0.04% |
294,460
-9,318
| -3% | -$1.03M |
|
406
Gen Digital
GEN
$18B
| $32.4M | 0.04% |
1,490,555
-529,542
| -26% | -$11.5M |
|
407
Kraft Heinz
KHC
$31.5B
| $32.2M | 0.04% |
1,036,035
-108,140
| -9% | -$3.36M |
|
408
ResMed
RMD
$39.6B
| $32.1M | 0.04% |
262,816
+4,131
| +2% | +$504K |
|
409
Copart
CPRT
$46.9B
| $31.6M | 0.04% |
1,691,364
-64,944
| -4% | -$1.21M |
|
|
GAP
410
The Gap, Inc.
GAP
$8.93B
| $31.4M | 0.04% |
1,745,982
+122,314
| +8% | +$2.2M |
|
|
SPLK
411
DELISTED
Splunk Inc
SPLK
| $31.4M | 0.04% |
249,303
+11,928
| +5% | +$1.5M |
|
|
PARA
412
DELISTED
Paramount Global Class B
PARA
| $30.8M | 0.04% |
618,165
-88,998
| -13% | -$4.44M |
|
413
Keysight
KEYS
$29.3B
| $30.6M | 0.04% |
340,828
-14,548
| -4% | -$1.31M |
|
414
Devon Energy
DVN
$22.5B
| $30M | 0.04% |
1,050,251
+39,900
| +4% | +$1.14M |
|
415
MGM Resorts International
MGM
$9.79B
| $29.9M | 0.04% |
1,048,100
-236,315
| -18% | -$6.75M |
|
416
MPLX
MPLX
$50.8B
| $29.9M | 0.04% |
928,908
-66,455
| -7% | -$2.14M |
|
417
Ally Financial
ALLY
$12.7B
| $29.2M | 0.03% |
941,135
-272,567
| -22% | -$8.45M |
|
418
Burlington
BURL
$17.6B
| $29.2M | 0.03% |
171,391
+6,570
| +4% | +$1.12M |
|
419
Microchip Technology
MCHP
$34.9B
| $28.9M | 0.03% |
667,022
-20,006
| -3% | -$867K |
|
|
TIF
420
DELISTED
Tiffany & Co.
TIF
| $28.9M | 0.03% |
308,646
-39,350
| -11% | -$3.68M |
|
421
Energy Transfer Partners
ET
$59.8B
| $28.4M | 0.03% |
2,017,861
-1,783,553
| -47% | -$25.1M |
|
422
Host Hotels & Resorts
HST
$12.1B
| $28.4M | 0.03% |
1,559,249
-171,473
| -10% | -$3.12M |
|
423
Eastman Chemical
EMN
$7.47B
| $28.3M | 0.03% |
363,809
-52,849
| -13% | -$4.11M |
|
424
Comerica
CMA
$8.9B
| $28.1M | 0.03% |
386,852
-21,120
| -5% | -$1.53M |
|
425
Dentsply Sirona
XRAY
$2.73B
| $28M | 0.03% |
479,527
+21,673
| +5% | +$1.26M |
|