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 |
Walt Disney
DIS
|
+$134M |
| 2 |
PepsiCo
PEP
|
+$132M |
| 3 |
Coca-Cola
KO
|
+$126M |
| 4 |
Procter & Gamble
PG
|
+$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$315M |
| 2 |
Mastercard
MA
|
+$267M |
| 3 |
Apple
AAPL
|
+$221M |
| 4 |
RTN
Raytheon Company
RTN
|
+$149M |
| 5 |
Northrop Grumman
NOC
|
+$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Eastman Chemical
EMN
$7.76B
| $31.6M | 0.04% |
416,658
+36,915
| +10% | +$2.8M |
|
427
Keysight
KEYS
$29.1B
| $31M | 0.04% |
355,376
-8,997
| -2% | -$785K |
|
|
CXO
428
DELISTED
CONCHO RESOURCES INC.
CXO
| $30.9M | 0.04% |
278,901
-3,714
| -1% | -$412K |
|
429
Masco
MAS
$15.4B
| $30.8M | 0.04% |
784,385
-4,374
| -0.6% | -$172K |
|
430
Textron
TXT
$14.4B
| $30.8M | 0.04% |
608,383
-28,786
| -5% | -$1.46M |
|
431
Western Digital
WDC
$32.8B
| $30.7M | 0.04% |
845,540
-233,384
| -22% | -$8.48M |
|
|
MRO
432
DELISTED
Marathon Oil Corporation
MRO
| $30.7M | 0.04% |
1,837,197
-19,242
| -1% | -$322K |
|
433
Ametek
AME
$43.3B
| $30.2M | 0.04% |
364,372
-17,307
| -5% | -$1.44M |
|
434
Celanese
CE
$4.89B
| $30.2M | 0.04% |
305,959
-37,230
| -11% | -$3.67M |
|
435
Lincoln National
LNC
$7.88B
| $30.1M | 0.04% |
512,856
-37,371
| -7% | -$2.19M |
|
436
DXC Technology
DXC
$2.58B
| $30.1M | 0.04% |
467,493
-71,661
| -13% | -$4.61M |
|
437
Comerica
CMA
$8.88B
| $29.9M | 0.04% |
407,972
-23,380
| -5% | -$1.71M |
|
438
Fortinet
FTNT
$61.2B
| $29.9M | 0.04% |
1,780,665
-2,316,450
| -57% | -$38.9M |
|
|
SPLK
439
DELISTED
Splunk Inc
SPLK
| $29.6M | 0.04% |
237,375
-4,085
| -2% | -$509K |
|
440
Advance Auto Parts
AAP
$3.57B
| $29.4M | 0.04% |
172,648
-34,755
| -17% | -$5.93M |
|
441
CDW
CDW
$22.1B
| $29.3M | 0.04% |
303,778
-35,737
| -11% | -$3.44M |
|
442
Microchip Technology
MCHP
$34.9B
| $28.5M | 0.04% |
687,028
-36,550
| -5% | -$1.52M |
|
443
Hologic
HOLX
$14.8B
| $28.4M | 0.03% |
585,954
+27,575
| +5% | +$1.33M |
|
|
WCG
444
DELISTED
Wellcare Health Plans, Inc.
WCG
| $28.4M | 0.03% |
105,127
-28,400
| -21% | -$7.66M |
|
445
Dover
DOV
$24B
| $28.2M | 0.03% |
301,126
-21,988
| -7% | -$2.06M |
|
446
IAC Inc
IAC
$2.88B
| $28.2M | 0.03% |
751,542
-9,859
| -1% | -$370K |
|
447
Seagate
STX
$40.7B
| $27.9M | 0.03% |
582,869
-86,571
| -13% | -$4.15M |
|
|
ANSS
448
DELISTED
Ansys
ANSS
| $27.8M | 0.03% |
152,378
-278,513
| -65% | -$50.9M |
|
449
Gartner
IT
$18.7B
| $27.5M | 0.03% |
181,365
+15,748
| +10% | +$2.39M |
|
450
CoStar Group
CSGP
$37.3B
| $27.1M | 0.03% |
580,940
-6,540
| -1% | -$305K |
|