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 |
Alphabet (Google) Class A
GOOGL
|
+$394M |
| 2 |
Amazon
AMZN
|
+$114M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$99.1M |
| 4 |
Unilever
UL
|
+$79.5M |
| 5 |
Alibaba
BABA
|
+$77.4M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
+$358M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$61.1M |
| 3 |
Apple
AAPL
|
+$37.6M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$17.2M |
Sector Composition
| 1 | Financials | 17.93% |
| 2 | Technology | 15.61% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.73% |
| 5 | Consumer Discretionary | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Arch Capital
ACGL
$33.4B
| $31.4M | 0.04% |
1,038,330
+110,370
| +12% | +$3.34M |
|
427
Cboe Global Markets
CBOE
$24.3B
| $31.2M | 0.04% |
250,758
+8,708
| +4% | +$1.08M |
|
|
FRC
428
DELISTED
First Republic Bank
FRC
| $31M | 0.04% |
358,347
-8,051
| -2% | -$698K |
|
429
Verisk Analytics
VRSK
$37.5B
| $31M | 0.04% |
322,425
+2,050
| +0.6% | +$197K |
|
430
Cincinnati Financial
CINF
$24B
| $30.9M | 0.04% |
411,771
+14,202
| +4% | +$1.06M |
|
431
ManpowerGroup
MAN
$1.78B
| $30.9M | 0.04% |
244,671
+7,103
| +3% | +$896K |
|
432
Macy's
M
$4.61B
| $30.5M | 0.04% |
1,209,734
+311,230
| +35% | +$7.84M |
|
433
Western Union
WU
$2.79B
| $30.5M | 0.04% |
1,602,814
+48,897
| +3% | +$930K |
|
|
CA
434
DELISTED
CA, Inc.
CA
| $30.4M | 0.04% |
914,620
+24,147
| +3% | +$804K |
|
435
Avery Dennison
AVY
$13B
| $30.4M | 0.04% |
264,459
+9,339
| +4% | +$1.07M |
|
436
Universal Health Services
UHS
$11.9B
| $30.3M | 0.04% |
267,686
+42,211
| +19% | +$4.78M |
|
437
Reinsurance Group of America
RGA
$12.6B
| $30.2M | 0.04% |
193,751
-11,257
| -5% | -$1.76M |
|
438
CBRE Group
CBRE
$48.2B
| $30.1M | 0.04% |
694,808
+29,309
| +4% | +$1.27M |
|
439
FMC
FMC
$4.6B
| $29.9M | 0.04% |
364,575
+10,212
| +3% | +$838K |
|
440
Akamai
AKAM
$11.2B
| $29.9M | 0.04% |
459,688
+42,635
| +10% | +$2.77M |
|
441
McCormick & Company Non-Voting
MKC
$18.7B
| $29.9M | 0.04% |
585,974
+5,118
| +0.9% | +$261K |
|
|
VAR
442
DELISTED
Varian Medical Systems, Inc.
VAR
| $29.9M | 0.04% |
268,570
-2,328
| -0.9% | -$259K |
|
|
QVCGA
443
QVC Group, Inc. Series A Common Stock
QVCGA
$72.7M
| $29.8M | 0.04% |
25,165
+496
| +2% | +$588K |
|
444
Coterra Energy
CTRA
$18.2B
| $29.8M | 0.04% |
1,042,614
+192,753
| +23% | +$5.51M |
|
|
SIVB
445
DELISTED
SVB Financial Group
SIVB
| $29.8M | 0.04% |
127,431
-11,624
| -8% | -$2.72M |
|
446
Packaging Corp of America
PKG
$19.3B
| $29.8M | 0.04% |
247,088
+6,693
| +3% | +$807K |
|
447
Zions Bancorporation
ZION
$8.4B
| $29.7M | 0.04% |
584,775
+2,763
| +0.5% | +$140K |
|
448
Pinnacle West Capital
PNW
$10.4B
| $29.7M | 0.04% |
348,448
+1,764
| +0.5% | +$150K |
|
449
The Mosaic Company
MOS
$10.2B
| $29.5M | 0.04% |
1,148,878
+38,369
| +3% | +$985K |
|
450
Energy Transfer Partners
ET
$58.9B
| $29.3M | 0.04% |
1,697,200
+51,000
| +3% | +$880K |
|