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
|
+$203M |
| 2 |
PepsiCo
PEP
|
+$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
+$113M |
| 4 |
Newmont
NEM
|
+$111M |
| 5 |
McDonald's
MCD
|
+$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$512M |
| 2 |
Apple
AAPL
|
+$248M |
| 3 |
Microsoft
MSFT
|
+$209M |
| 4 |
JPMorgan Chase
JPM
|
+$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Liberty Global Class C
LBTYK
$3.99B
| $27.9M | 0.03% |
1,053,103
-301,641
| -22% | -$8M |
|
427
Celanese
CE
$4.87B
| $27.9M | 0.03% |
258,504
-47,455
| -16% | -$5.12M |
|
|
CXO
428
DELISTED
CONCHO RESOURCES INC.
CXO
| $27.8M | 0.03% |
269,194
-9,707
| -3% | -$1M |
|
429
IAC Inc
IAC
$2.88B
| $27.7M | 0.03% |
713,386
-38,156
| -5% | -$1.48M |
|
430
Huntington Bancshares
HBAN
$25.7B
| $27.7M | 0.03% |
2,003,332
-589,184
| -23% | -$8.14M |
|
|
MXIM
431
DELISTED
Maxim Integrated Products
MXIM
| $27.6M | 0.03% |
461,532
-15,378
| -3% | -$920K |
|
432
NetApp
NTAP
$24.6B
| $27.2M | 0.03% |
441,376
-124,156
| -22% | -$7.66M |
|
433
DXC Technology
DXC
$2.55B
| $27.2M | 0.03% |
492,444
+24,951
| +5% | +$1.38M |
|
434
Expedia Group
EXPE
$26.6B
| $27M | 0.03% |
203,017
+6,210
| +3% | +$826K |
|
435
Ingredion
INGR
$8.08B
| $27M | 0.03% |
326,996
+64,129
| +24% | +$5.29M |
|
436
CarMax
KMX
$8.86B
| $26.9M | 0.03% |
310,106
-31,364
| -9% | -$2.72M |
|
437
Vulcan Materials
VMC
$38.8B
| $26.9M | 0.03% |
195,823
+13,679
| +8% | +$1.88M |
|
438
Fortinet
FTNT
$60.8B
| $26.9M | 0.03% |
1,747,855
-32,810
| -2% | -$504K |
|
|
ANSS
439
DELISTED
Ansys
ANSS
| $26.8M | 0.03% |
131,076
-21,302
| -14% | -$4.36M |
|
440
Waters Corp
WAT
$17.2B
| $26.7M | 0.03% |
123,948
-16,068
| -11% | -$3.46M |
|
441
Dover
DOV
$24B
| $26.4M | 0.03% |
263,852
-37,274
| -12% | -$3.73M |
|
442
JD.com
JD
$47.3B
| $26.3M | 0.03% |
869,004
+164,150
| +23% | +$4.97M |
|
443
Masco
MAS
$15.3B
| $26.3M | 0.03% |
670,213
-114,172
| -15% | -$4.48M |
|
|
VMW
444
DELISTED
VMware, Inc
VMW
| $26.2M | 0.03% |
156,840
-21,371
| -12% | -$3.57M |
|
445
American Airlines Group
AAL
$8.45B
| $26M | 0.03% |
797,014
-241,361
| -23% | -$7.87M |
|
446
Gartner
IT
$17.6B
| $26M | 0.03% |
161,422
-19,943
| -11% | -$3.21M |
|
447
Plains GP Holdings
PAGP
$3.68B
| $25.8M | 0.03% |
1,032,790
+163,147
| +19% | +$4.07M |
|
448
Cardinal Health
CAH
$35.8B
| $25.7M | 0.03% |
546,586
-124,706
| -19% | -$5.87M |
|
449
Lincoln National
LNC
$7.86B
| $25.6M | 0.03% |
397,441
-115,415
| -23% | -$7.44M |
|
450
Hologic
HOLX
$14.6B
| $25.6M | 0.03% |
532,910
-53,044
| -9% | -$2.55M |
|