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 |
Vanguard S&P 500 ETF
VOO
|
+$2.5B |
| 2 |
Meta Platforms (Facebook)
META
|
+$334M |
| 3 |
Abbott
ABT
|
+$271M |
| 4 |
Stryker
SYK
|
+$155M |
| 5 |
McDonald's
MCD
|
+$154M |
Top Sells
| 1 |
Apple
AAPL
|
+$1.14B |
| 2 |
Costco
COST
|
+$440M |
| 3 |
Oracle
ORCL
|
+$194M |
| 4 |
Micron Technology
MU
|
+$192M |
| 5 |
Gilead Sciences
GILD
|
+$157M |
Sector Composition
| 1 | Technology | 28.1% |
| 2 | Financials | 13.31% |
| 3 | Healthcare | 11.32% |
| 4 | Consumer Discretionary | 8.29% |
| 5 | Communication Services | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
401
Raymond James Financial
RJF
$32.9B
| $44.2M | 0.03% |
318,516
+4,389
| +1% | +$610K |
|
402
Essential Utilities
WTRG
$10.7B
| $44M | 0.03% |
1,113,450
+65,744
| +6% | +$2.6M |
|
403
Old Republic International
ORI
$9.92B
| $43M | 0.03% |
1,097,172
-56,447
| -5% | -$2.21M |
|
404
Fifth Third Bancorp
FITB
$30.2B
| $42.9M | 0.03% |
1,095,607
-482
| -0% | -$18.9K |
|
405
United Airlines
UAL
$34.2B
| $42.9M | 0.03% |
621,583
+26,378
| +4% | +$1.82M |
|
406
Gaming and Leisure Properties
GLPI
$13.6B
| $42.9M | 0.03% |
842,881
-23,175
| -3% | -$1.18M |
|
407
OGE Energy
OGE
$8.8B
| $42.9M | 0.03% |
933,110
-25,268
| -3% | -$1.16M |
|
408
Corpay
CPAY
$21.9B
| $42.5M | 0.03% |
122,012
-2,304
| -2% | -$803K |
|
409
Chemed
CHE
$6.74B
| $42.1M | 0.03% |
68,451
-1,097
| -2% | -$675K |
|
410
Global Payments
GPN
$21B
| $41.9M | 0.03% |
428,265
+318
| +0.1% | +$31.1K |
|
411
Keysight
KEYS
$29B
| $41.9M | 0.03% |
279,941
-84,241
| -23% | -$12.6M |
|
|
EXE
412
Expand Energy Corporation Common Stock
EXE
$22.5B
| $41.8M | 0.03% |
375,763
-16,446
| -4% | -$1.83M |
|
413
Fortive
FTV
$16.2B
| $41.6M | 0.03% |
568,058
-2,764
| -0.5% | -$202K |
|
414
Albertsons Companies
ACI
$10.4B
| $41.5M | 0.03% |
1,889,025
-62,397
| -3% | -$1.37M |
|
415
Iron Mountain
IRM
$28.9B
| $41.2M | 0.03% |
479,201
-17,255
| -3% | -$1.48M |
|
416
DT Midstream
DTM
$10.7B
| $41.2M | 0.03% |
426,788
+15,179
| +4% | +$1.46M |
|
417
PPG Industries
PPG
$24.6B
| $41.1M | 0.03% |
375,930
-9,424
| -2% | -$1.03M |
|
418
Halliburton
HAL
$18.6B
| $41M | 0.03% |
1,614,820
-51,094
| -3% | -$1.3M |
|
419
Teradyne
TER
$18.2B
| $40.7M | 0.03% |
493,248
-5,366
| -1% | -$443K |
|
420
Dover
DOV
$24B
| $40.7M | 0.03% |
231,626
-7,353
| -3% | -$1.29M |
|
421
Murphy USA
MUSA
$7.52B
| $40.6M | 0.03% |
86,447
-5,407
| -6% | -$2.54M |
|
422
Mettler-Toledo International
MTD
$26.2B
| $40.5M | 0.03% |
34,282
-1,085
| -3% | -$1.28M |
|
423
Coinbase
COIN
$82.8B
| $40.3M | 0.03% |
233,964
-83,910
| -26% | -$14.5M |
|
424
Warner Bros
WBD
$30.2B
| $40.1M | 0.03% |
3,733,050
-47,000
| -1% | -$504K |
|
425
Hormel Foods
HRL
$13.9B
| $39.7M | 0.03% |
1,284,469
-42,173
| -3% | -$1.3M |
|