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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
TransUnion
TRU
$18B
| $41.5M | 0.04% |
485,093
+76,022
| +19% | +$6.51M |
|
427
Teleflex
TFX
$5.67B
| $41.4M | 0.04% |
110,070
+4,971
| +5% | +$1.87M |
|
|
CXO
428
DELISTED
CONCHO RESOURCES INC.
CXO
| $41.3M | 0.04% |
471,594
+33,036
| +8% | +$2.89M |
|
429
Fox Class A
FOXA
$25B
| $41.1M | 0.04% |
1,109,998
+105,976
| +11% | +$3.93M |
|
430
Martin Marietta Materials
MLM
$37.3B
| $41.1M | 0.04% |
146,874
+11,313
| +8% | +$3.16M |
|
431
Freeport-McMoran
FCX
$64.5B
| $41.1M | 0.04% |
3,130,000
+160,641
| +5% | +$2.11M |
|
432
Conagra Brands
CAG
$9.12B
| $40.9M | 0.04% |
1,193,710
-554,358
| -32% | -$19M |
|
433
MGM Resorts International
MGM
$9.83B
| $40.4M | 0.04% |
1,214,083
-82,953
| -6% | -$2.76M |
|
434
Dover
DOV
$24.2B
| $40.2M | 0.04% |
348,377
+1,353
| +0.4% | +$156K |
|
|
MXIM
435
DELISTED
Maxim Integrated Products
MXIM
| $39.8M | 0.04% |
647,495
+22,518
| +4% | +$1.39M |
|
|
WCG
436
DELISTED
Wellcare Health Plans, Inc.
WCG
| $39.4M | 0.04% |
119,337
+10,155
| +9% | +$3.35M |
|
437
Baker Hughes
BKR
$45.7B
| $39.1M | 0.04% |
1,525,700
+527,900
| +53% | +$13.5M |
|
438
Seagate
STX
$41B
| $38.7M | 0.04% |
650,743
+38,202
| +6% | +$2.27M |
|
439
New Oriental
EDU
$8.71B
| $38.6M | 0.04% |
318,555
+35,564
| +13% | +$4.31M |
|
440
Spotify
SPOT
$147B
| $38.1M | 0.03% |
255,000
+35,100
| +16% | +$5.25M |
|
441
TAL Education Group
TAL
$6.37B
| $38.1M | 0.03% |
789,987
+121,347
| +18% | +$5.85M |
|
442
Rollins
ROL
$27.5B
| $38M | 0.03% |
1,718,837
+24,161
| +1% | +$534K |
|
443
Cencora
COR
$58B
| $37.8M | 0.03% |
444,057
+58,152
| +15% | +$4.94M |
|
444
Huntington Bancshares
HBAN
$25.8B
| $37.6M | 0.03% |
2,495,581
-138,627
| -5% | -$2.09M |
|
445
Lumen
LUMN
$6.17B
| $37.6M | 0.03% |
2,845,897
+549,836
| +24% | +$7.26M |
|
446
Incyte
INCY
$16.5B
| $37.5M | 0.03% |
429,882
+19,700
| +5% | +$1.72M |
|
447
Lennar Class A
LEN
$35.3B
| $37.5M | 0.03% |
694,215
+19,745
| +3% | +$1.07M |
|
448
Advance Auto Parts
AAP
$3.57B
| $37.4M | 0.03% |
233,643
+41,356
| +22% | +$6.62M |
|
449
Waters Corp
WAT
$17.5B
| $37.4M | 0.03% |
160,119
+9,965
| +7% | +$2.33M |
|
450
Exact Sciences
EXAS
$10.4B
| $37.4M | 0.03% |
404,388
+125,958
| +45% | +$11.6M |
|