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 |
IBM
IBM
|
+$170M |
| 2 |
Mondelez International
MDLZ
|
+$92M |
| 3 |
Warner Bros
WBD
|
+$86.5M |
| 4 |
Roper Technologies
ROP
|
+$82.7M |
| 5 |
Keurig Dr Pepper
KDP
|
+$74.1M |
Top Sells
| 1 |
Apple
AAPL
|
+$242M |
| 2 |
Microsoft
MSFT
|
+$207M |
| 3 |
AT&T
T
|
+$206M |
| 4 |
Amazon
AMZN
|
+$198M |
| 5 |
CERN
Cerner Corp
CERN
|
+$180M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Regions Financial
RF
$24.2B
| $35.8M | 0.03% |
1,908,610
-101,247
| -5% | -$1.9M |
|
402
Lennar Class A
LEN
$35.6B
| $35.5M | 0.03% |
519,355
-37,064
| -7% | -$2.53M |
|
403
Trade Desk
TTD
$25.6B
| $35.1M | 0.03% |
838,817
-43,254
| -5% | -$1.81M |
|
404
Delta Air Lines
DAL
$39.8B
| $35.1M | 0.03% |
1,210,510
-43,335
| -3% | -$1.26M |
|
405
Quanta Services
PWR
$55.4B
| $34.9M | 0.03% |
278,431
-11,377
| -4% | -$1.43M |
|
406
Essex Property Trust
ESS
$17.2B
| $34.8M | 0.03% |
133,247
-5,302
| -4% | -$1.39M |
|
407
Steris
STE
$24.3B
| $34.8M | 0.03% |
168,995
+5,431
| +3% | +$1.12M |
|
408
Monolithic Power Systems
MPWR
$40.8B
| $34.6M | 0.03% |
90,077
-2,815
| -3% | -$1.08M |
|
409
Avantor
AVTR
$8.86B
| $34.5M | 0.03% |
1,109,583
-61,550
| -5% | -$1.91M |
|
410
Alnylam Pharmaceuticals
ALNY
$60.7B
| $34.5M | 0.03% |
236,555
-9,048
| -4% | -$1.32M |
|
411
United Rentals
URI
$60.9B
| $34.5M | 0.03% |
142,015
-5,360
| -4% | -$1.3M |
|
412
Hewlett Packard
HPE
$31.5B
| $34.5M | 0.03% |
2,598,332
-105,547
| -4% | -$1.4M |
|
413
Teledyne Technologies
TDY
$25.4B
| $34.3M | 0.03% |
91,365
-3,996
| -4% | -$1.5M |
|
414
Icon
ICLR
$13.2B
| $34.3M | 0.03% |
158,061
-9,580
| -6% | -$2.08M |
|
415
Revvity
RVTY
$9.94B
| $34.2M | 0.03% |
240,812
-9,727
| -4% | -$1.38M |
|
416
Principal Financial Group
PFG
$17.9B
| $33.9M | 0.03% |
507,781
-42,783
| -8% | -$2.86M |
|
417
Huntington Bancshares
HBAN
$25.8B
| $33.9M | 0.03% |
2,817,021
-120,154
| -4% | -$1.45M |
|
418
The Mosaic Company
MOS
$10.2B
| $33.8M | 0.03% |
716,656
-49,384
| -6% | -$2.33M |
|
419
Fortive
FTV
$16B
| $33.8M | 0.03% |
622,199
-23,962
| -4% | -$1.3M |
|
|
HZNP
420
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $33.8M | 0.03% |
423,338
-15,931
| -4% | -$1.27M |
|
421
Molina Healthcare
MOH
$9.57B
| $33.2M | 0.03% |
118,817
-5,247
| -4% | -$1.47M |
|
422
PG&E
PCG
$32.8B
| $33M | 0.03% |
3,305,571
-254,890
| -7% | -$2.54M |
|
423
Dover
DOV
$23.9B
| $32.9M | 0.03% |
271,527
-22,970
| -8% | -$2.79M |
|
424
Raymond James Financial
RJF
$33.2B
| $32.8M | 0.03% |
367,345
-21,455
| -6% | -$1.92M |
|
|
MRO
425
DELISTED
Marathon Oil Corporation
MRO
| $32.7M | 0.03% |
1,454,375
-192,228
| -12% | -$4.32M |
|