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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Carnival Corp
CCL
$42.5B
| $48.5M | 0.04% |
953,877
-23,110
| -2% | -$1.17M |
|
402
Kraft Heinz
KHC
$31.5B
| $48.1M | 0.04% |
1,496,233
+75,197
| +5% | +$2.42M |
|
403
Expeditors International
EXPD
$16.5B
| $47.5M | 0.04% |
608,850
-824,889
| -58% | -$64.4M |
|
404
DexCom
DXCM
$29.8B
| $47.3M | 0.04% |
865,736
+141,456
| +20% | +$7.74M |
|
405
Fox Class B
FOX
$23.1B
| $47.1M | 0.04% |
1,294,033
+47,397
| +4% | +$1.73M |
|
406
MPLX
MPLX
$50.8B
| $47M | 0.04% |
1,845,638
+334,340
| +22% | +$8.51M |
|
407
Halliburton
HAL
$19.3B
| $46.6M | 0.04% |
1,905,389
-18,939
| -1% | -$463K |
|
408
Fastenal
FAST
$55.1B
| $46.3M | 0.04% |
2,505,988
-206,010
| -8% | -$3.81M |
|
409
Keysight
KEYS
$29.3B
| $46M | 0.04% |
448,049
+4,381
| +1% | +$450K |
|
410
Mettler-Toledo International
MTD
$25.8B
| $45.8M | 0.04% |
57,783
+2,087
| +4% | +$1.66M |
|
411
MarketAxess Holdings
MKTX
$6.9B
| $45.2M | 0.04% |
119,245
+28,983
| +32% | +$11M |
|
412
Yum China
YUMC
$16.2B
| $44.8M | 0.04% |
932,947
-121,811
| -12% | -$5.85M |
|
413
Vulcan Materials
VMC
$38.9B
| $44.7M | 0.04% |
310,358
+28,940
| +10% | +$4.17M |
|
414
Citizens Financial Group
CFG
$22.3B
| $44.1M | 0.04% |
1,085,110
-39,203
| -3% | -$1.59M |
|
415
IAC Inc
IAC
$2.88B
| $44M | 0.04% |
989,307
+26,147
| +3% | +$1.16M |
|
416
Western Digital
WDC
$33B
| $43.8M | 0.04% |
913,645
+100,094
| +12% | +$4.8M |
|
417
International Paper
IP
$24.5B
| $43.8M | 0.04% |
1,004,281
-43,896
| -4% | -$1.91M |
|
418
Marvell Technology
MRVL
$57.8B
| $43.4M | 0.04% |
1,633,316
+187,054
| +13% | +$4.97M |
|
419
Copart
CPRT
$46.9B
| $43.3M | 0.04% |
1,903,428
-105,028
| -5% | -$2.39M |
|
420
D.R. Horton
DHI
$52.5B
| $42.5M | 0.04% |
805,695
+64,775
| +9% | +$3.42M |
|
421
Equifax
EFX
$30.3B
| $42.4M | 0.04% |
302,279
+47,573
| +19% | +$6.67M |
|
422
Elanco Animal Health
ELAN
$9.11B
| $42.3M | 0.04% |
1,437,010
+19,571
| +1% | +$576K |
|
|
HES
423
DELISTED
Hess
HES
| $42.3M | 0.04% |
632,996
+62,497
| +11% | +$4.18M |
|
424
Regions Financial
RF
$24.1B
| $41.8M | 0.04% |
2,434,499
-98,395
| -4% | -$1.69M |
|
425
Nucor
NUE
$32.6B
| $41.7M | 0.04% |
741,658
-70,682
| -9% | -$3.98M |
|