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 |
Walmart
WMT
|
$250M |
| 2 |
Target
TGT
|
$142M |
| 3 |
Abbott
ABT
|
$113M |
| 4 |
Verizon
VZ
|
$87.4M |
| 5 |
NetEase
NTES
|
$77.2M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Dell
DELL
$84.4B
| $55.2M | 0.04% |
1,236,274
-30,844
| -2% | -$1.38M |
|
402
Yum China
YUMC
$16.5B
| $55.2M | 0.04% |
932,500
-19,235
| -2% | -$1.14M |
|
403
Realty Income
O
$54.2B
| $54.5M | 0.04% |
886,481
+22,624
| +3% | +$1.39M |
|
404
Synchrony
SYF
$28.1B
| $54.5M | 0.04% |
1,340,340
-66,987
| -5% | -$2.72M |
|
405
Old Dominion Freight Line
ODFL
$31.7B
| $54.4M | 0.04% |
452,170
-11,390
| -2% | -$1.37M |
|
406
CDW
CDW
$22.2B
| $54.3M | 0.04% |
327,768
-14,121
| -4% | -$2.34M |
|
407
Keurig Dr Pepper
KDP
$38.9B
| $53.7M | 0.04% |
1,561,868
+497,290
| +47% | +$17.1M |
|
408
SiriusXM
SIRI
$8.1B
| $51.7M | 0.04% |
848,740
-50,687
| -6% | -$3.09M |
|
409
Wayfair
W
$11.6B
| $51.4M | 0.04% |
163,155
-5,719
| -3% | -$1.8M |
|
410
Vulcan Materials
VMC
$39B
| $51.3M | 0.04% |
303,991
-13,050
| -4% | -$2.2M |
|
411
International Paper
IP
$25.7B
| $51.2M | 0.04% |
1,000,010
-9,274
| -0.9% | -$475K |
|
412
PPL Corp
PPL
$26.6B
| $51.1M | 0.04% |
1,772,496
-82,876
| -4% | -$2.39M |
|
413
Oneok
OKE
$45.7B
| $51M | 0.04% |
1,005,889
+33,395
| +3% | +$1.69M |
|
414
Viatris
VTRS
$12.2B
| $50.7M | 0.04% |
3,632,545
-29,513
| -0.8% | -$412K |
|
415
Expedia Group
EXPE
$26.6B
| $50.6M | 0.04% |
294,227
-30,531
| -9% | -$5.25M |
|
416
Occidental Petroleum
OXY
$45.2B
| $50.6M | 0.04% |
1,901,954
-111,871
| -6% | -$2.98M |
|
417
Tractor Supply
TSCO
$32.1B
| $50.3M | 0.04% |
1,419,220
+20,770
| +1% | +$736K |
|
418
Equifax
EFX
$30.8B
| $50M | 0.04% |
275,933
-13,633
| -5% | -$2.47M |
|
419
CarMax
KMX
$9.11B
| $49.9M | 0.04% |
376,127
-15,190
| -4% | -$2.02M |
|
420
Hewlett Packard
HPE
$31B
| $49.6M | 0.04% |
3,153,094
-141,909
| -4% | -$2.23M |
|
421
RingCentral
RNG
$2.89B
| $49.4M | 0.04% |
165,914
-8,060
| -5% | -$2.4M |
|
422
EPAM Systems
EPAM
$9.44B
| $49M | 0.04% |
123,465
-5,017
| -4% | -$1.99M |
|
423
Qorvo
QRVO
$8.61B
| $48.7M | 0.04% |
266,562
-8,808
| -3% | -$1.61M |
|
424
Martin Marietta Materials
MLM
$37.5B
| $48.3M | 0.04% |
143,974
-6,779
| -4% | -$2.28M |
|
425
Regions Financial
RF
$24.1B
| $48.3M | 0.04% |
2,340,085
-115,353
| -5% | -$2.38M |
|