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 |
Apple
AAPL
|
$739M |
| 2 |
Microsoft
MSFT
|
$541M |
| 3 |
Amazon
AMZN
|
$248M |
| 4 |
Tesla
TSLA
|
$234M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$215M |
Top Sells
| 1 |
Waste Connections
WCN
|
$171M |
| 2 |
Walmart
WMT
|
$168M |
| 3 |
NextEra Energy, Inc.
NEE
|
$168M |
| 4 |
Accenture
ACN
|
$125M |
| 5 |
Adobe
ADBE
|
$116M |
Sector Composition
| 1 | Technology | 22.77% |
| 2 | Healthcare | 16.6% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Quanta Services
PWR
$55.5B
| $41.5M | 0.04% |
326,036
+47,605
| +17% | +$6.06M |
|
402
Ingersoll Rand
IR
$32.2B
| $41.2M | 0.04% |
951,615
+216,836
| +30% | +$9.38M |
|
403
Southwest Airlines
LUV
$16.5B
| $41M | 0.04% |
1,330,733
+199,235
| +18% | +$6.14M |
|
404
CenterPoint Energy
CNP
$24.7B
| $40.5M | 0.04% |
1,436,671
+333,476
| +30% | +$9.4M |
|
405
Delta Air Lines
DAL
$39.9B
| $40.3M | 0.04% |
1,436,789
+226,279
| +19% | +$6.35M |
|
406
Northern Trust
NTRS
$24.3B
| $40.3M | 0.04% |
470,544
+59,181
| +14% | +$5.06M |
|
|
Y
407
DELISTED
Alleghany Corporation
Y
| $40.2M | 0.04% |
47,911
+24,801
| +107% | +$20.8M |
|
408
Mid-America Apartment Communities
MAA
$17B
| $40.1M | 0.04% |
258,566
+26,386
| +11% | +$4.09M |
|
409
LPL Financial
LPLA
$26.6B
| $39.9M | 0.04% |
182,703
+24,840
| +16% | +$5.43M |
|
410
The Mosaic Company
MOS
$10.3B
| $39.3M | 0.04% |
812,369
+95,713
| +13% | +$4.63M |
|
|
CHNG
411
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $38.9M | 0.04% |
1,416,286
+555,604
| +65% | +$15.3M |
|
412
Western Union
WU
$2.86B
| $38.8M | 0.04% |
2,872,820
-34,426
| -1% | -$465K |
|
413
Citizens Financial Group
CFG
$22.3B
| $38.8M | 0.04% |
1,128,057
+234,973
| +26% | +$8.07M |
|
414
Dover
DOV
$24.4B
| $38.7M | 0.04% |
331,818
+60,291
| +22% | +$7.03M |
|
415
Healthcare Realty
HR
$6.35B
| $38.1M | 0.04% |
1,826,432
+1,080,349
| +145% | +$22.5M |
|
416
Arch Capital
ACGL
$34.1B
| $38M | 0.04% |
834,613
+132,237
| +19% | +$6.02M |
|
417
U-Haul Holding Co
UHAL
$11.2B
| $38M | 0.03% |
745,390
-4,170
| -0.6% | -$212K |
|
418
Paycom
PAYC
$12.6B
| $37.5M | 0.03% |
113,646
+12,943
| +13% | +$4.27M |
|
419
Monolithic Power Systems
MPWR
$41.5B
| $37M | 0.03% |
101,914
+11,837
| +13% | +$4.3M |
|
|
MRO
420
DELISTED
Marathon Oil Corporation
MRO
| $36.7M | 0.03% |
1,627,519
+173,144
| +12% | +$3.91M |
|
421
Liberty Global Class C
LBTYK
$4.12B
| $36.7M | 0.03% |
2,224,721
-148,262
| -6% | -$2.45M |
|
422
Sun Communities
SUI
$16.2B
| $36.5M | 0.03% |
269,498
+35,288
| +15% | +$4.78M |
|
423
Ventas
VTR
$30.9B
| $36.3M | 0.03% |
903,265
+118,118
| +15% | +$4.74M |
|
424
Waters Corp
WAT
$18.2B
| $36.3M | 0.03% |
134,512
+16,406
| +14% | +$4.42M |
|
425
AES
AES
$9.21B
| $36.1M | 0.03% |
1,597,101
+283,375
| +22% | +$6.4M |
|