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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Spotify
SPOT
$148B
| $30M | 0.04% |
247,100
-7,900
| -3% | -$959K |
|
402
IAC Inc
IAC
$2.92B
| $29.9M | 0.04% |
934,181
-55,126
| -6% | -$1.77M |
|
403
Ameriprise Financial
AMP
$46.3B
| $29.8M | 0.04% |
290,850
-26,203
| -8% | -$2.69M |
|
|
MXIM
404
DELISTED
Maxim Integrated Products
MXIM
| $29.4M | 0.04% |
605,585
-41,910
| -6% | -$2.04M |
|
405
CBRE Group
CBRE
$48.7B
| $29.3M | 0.04% |
776,618
-45,350
| -6% | -$1.71M |
|
406
Seagate
STX
$40.3B
| $29.2M | 0.04% |
599,218
-51,525
| -8% | -$2.51M |
|
407
Hewlett Packard
HPE
$30.8B
| $29.2M | 0.04% |
3,008,721
-546,478
| -15% | -$5.31M |
|
408
Best Buy
BBY
$16.3B
| $29.1M | 0.04% |
511,319
-45,299
| -8% | -$2.58M |
|
409
Okta
OKTA
$16.2B
| $28.8M | 0.03% |
235,662
-8,312
| -3% | -$1.02M |
|
410
Old Dominion Freight Line
ODFL
$31.6B
| $28.8M | 0.03% |
438,852
-27,450
| -6% | -$1.8M |
|
411
Weyerhaeuser
WY
$18.6B
| $28.6M | 0.03% |
1,689,999
-81,573
| -5% | -$1.38M |
|
412
Aptiv
APTV
$17.9B
| $28.5M | 0.03% |
578,139
-28,550
| -5% | -$1.41M |
|
413
Erie Indemnity
ERIE
$17.5B
| $28.4M | 0.03% |
191,375
+131,526
| +220% | +$19.5M |
|
414
International Paper
IP
$25B
| $28.2M | 0.03% |
955,366
-48,915
| -5% | -$1.44M |
|
415
Align Technology
ALGN
$9.96B
| $28.1M | 0.03% |
161,278
-23,805
| -13% | -$4.14M |
|
416
TransUnion
TRU
$18.2B
| $27.9M | 0.03% |
422,062
-63,031
| -13% | -$4.17M |
|
417
Western Digital
WDC
$32.2B
| $27.8M | 0.03% |
883,337
-30,308
| -3% | -$953K |
|
418
Dover
DOV
$24.4B
| $27.6M | 0.03% |
329,384
-18,993
| -5% | -$1.59M |
|
419
Domino's
DPZ
$15.7B
| $27.4M | 0.03% |
84,470
-167,221
| -66% | -$54.2M |
|
420
Arista Networks
ANET
$178B
| $27M | 0.03% |
2,134,768
-132,208
| -6% | -$1.67M |
|
421
KKR & Co
KKR
$123B
| $26.8M | 0.03% |
1,141,515
-33,597
| -3% | -$789K |
|
422
Martin Marietta Materials
MLM
$37.7B
| $26.6M | 0.03% |
140,415
-6,459
| -4% | -$1.22M |
|
423
Steris
STE
$24.5B
| $26.5M | 0.03% |
189,541
-20,262
| -10% | -$2.84M |
|
424
Ingredion
INGR
$8.19B
| $26.5M | 0.03% |
351,312
+2,936
| +0.8% | +$222K |
|
425
Xylem
XYL
$34B
| $26.2M | 0.03% |
402,034
-18,761
| -4% | -$1.22M |
|