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 |
Coca-Cola
KO
|
+$95.4M |
| 2 |
PepsiCo
PEP
|
+$73.5M |
| 3 |
Accenture
ACN
|
+$68.9M |
| 4 |
Lockheed Martin
LMT
|
+$66.5M |
| 5 |
Simon Property Group
SPG
|
+$53.6M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
+$144M |
| 2 |
Apple
AAPL
|
+$100M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$98.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.6M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.5M |
Sector Composition
| 1 | Technology | 17.51% |
| 2 | Financials | 17.03% |
| 3 | Healthcare | 13.68% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Chipotle Mexican Grill
CMG
$51.9B
| $35.7M | 0.05% |
3,924,150
+142,100
| +4% | +$1.29M |
|
427
MSCI
MSCI
$43.6B
| $35.3M | 0.05% |
198,967
-40,928
| -17% | -$7.26M |
|
|
CDK
428
DELISTED
CDK Global, Inc.
CDK
| $35.1M | 0.05% |
561,516
+118,941
| +27% | +$7.44M |
|
429
SBA Communications
SBAC
$20.8B
| $35M | 0.05% |
217,693
-24,555
| -10% | -$3.94M |
|
|
ETFC
430
DELISTED
E*Trade Financial Corporation
ETFC
| $34.9M | 0.05% |
666,208
-3,007
| -0.4% | -$158K |
|
431
Mettler-Toledo International
MTD
$25.8B
| $34.9M | 0.05% |
57,285
-26,854
| -32% | -$16.4M |
|
432
Fastenal
FAST
$55.1B
| $34.8M | 0.04% |
2,401,500
-107,392
| -4% | -$1.56M |
|
433
MGM Resorts International
MGM
$9.79B
| $34.7M | 0.04% |
1,244,636
+124,434
| +11% | +$3.47M |
|
434
Capri Holdings
CPRI
$2.54B
| $34.7M | 0.04% |
506,402
+10,239
| +2% | +$702K |
|
435
Dover
DOV
$24.1B
| $34.5M | 0.04% |
389,955
-63,144
| -14% | -$5.59M |
|
|
FLIR
436
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $34.3M | 0.04% |
558,526
+125,787
| +29% | +$7.73M |
|
|
VMW
437
DELISTED
VMware, Inc
VMW
| $34.1M | 0.04% |
218,577
+5,866
| +3% | +$915K |
|
|
ABMD
438
DELISTED
Abiomed Inc
ABMD
| $33.9M | 0.04% |
75,372
+3,619
| +5% | +$1.63M |
|
439
HF Sinclair
DINO
$9.57B
| $33.9M | 0.04% |
484,935
-23,447
| -5% | -$1.64M |
|
440
Seagate
STX
$41.1B
| $33.6M | 0.04% |
709,353
+8,310
| +1% | +$393K |
|
441
Alexandria Real Estate Equities
ARE
$14.3B
| $33.5M | 0.04% |
265,972
+87,363
| +49% | +$11M |
|
442
AGNC Investment
AGNC
$10.7B
| $33.3M | 0.04% |
1,787,506
+318,189
| +22% | +$5.93M |
|
443
Waste Connections
WCN
$45.3B
| $33.2M | 0.04% |
416,621
+213,076
| +105% | +$17M |
|
444
Iron Mountain
IRM
$28.8B
| $33.2M | 0.04% |
961,385
+332,340
| +53% | +$11.5M |
|
|
NBL
445
DELISTED
Noble Energy, Inc.
NBL
| $33.1M | 0.04% |
1,061,986
+2,229
| +0.2% | +$69.5K |
|
446
Ametek
AME
$43.3B
| $32.9M | 0.04% |
416,147
-47,882
| -10% | -$3.79M |
|
|
SIVB
447
DELISTED
SVB Financial Group
SIVB
| $32.9M | 0.04% |
105,730
+1,416
| +1% | +$440K |
|
448
CDW
CDW
$22.4B
| $32.8M | 0.04% |
368,462
-4,221
| -1% | -$375K |
|
449
W.R. Berkley
WRB
$27.4B
| $32.6M | 0.04% |
1,378,296
+235,818
| +21% | +$5.58M |
|
450
Lear
LEA
$5.76B
| $32.4M | 0.04% |
223,345
-11,756
| -5% | -$1.7M |
|