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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
426
Waters Corp
WAT
$18.4B
| $26.2M | 0.03% |
143,670
-16,449
| -10% | -$2.99M |
|
427
D.R. Horton
DHI
$54.9B
| $25.8M | 0.03% |
759,109
-46,586
| -6% | -$1.58M |
|
|
DFS
428
DELISTED
Discover Financial Services
DFS
| $25.5M | 0.03% |
713,988
-63,171
| -8% | -$2.25M |
|
429
West Pharmaceutical
WST
$18.2B
| $25.3M | 0.03% |
165,844
-9,608
| -5% | -$1.46M |
|
430
Nucor
NUE
$33.1B
| $24.9M | 0.03% |
691,948
-49,710
| -7% | -$1.79M |
|
431
Teladoc Health
TDOC
$1.39B
| $24.9M | 0.03% |
160,777
-27,754
| -15% | -$4.3M |
|
432
Energy Transfer Partners
ET
$58.9B
| $24.8M | 0.03% |
5,391,541
-66,668
| -1% | -$307K |
|
433
Trip.com Group
TCOM
$47.7B
| $24.5M | 0.03% |
1,042,997
+12,477
| +1% | +$293K |
|
434
W.W. Grainger
GWW
$47.7B
| $24.4M | 0.03% |
98,253
-6,265
| -6% | -$1.56M |
|
435
ZTO Express
ZTO
$15.1B
| $24.3M | 0.03% |
915,844
+10,998
| +1% | +$291K |
|
436
OGE Energy
OGE
$8.75B
| $24.2M | 0.03% |
788,439
-22,663
| -3% | -$696K |
|
437
Fifth Third Bancorp
FITB
$30.1B
| $24.2M | 0.03% |
1,629,490
-140,611
| -8% | -$2.09M |
|
438
Teledyne Technologies
TDY
$25.6B
| $24.1M | 0.03% |
80,981
-4,774
| -6% | -$1.42M |
|
439
Alnylam Pharmaceuticals
ALNY
$59.6B
| $24M | 0.03% |
220,800
-3,500
| -2% | -$381K |
|
440
Gen Digital
GEN
$18.4B
| $23.9M | 0.03% |
1,279,606
-117,226
| -8% | -$2.19M |
|
441
Occidental Petroleum
OXY
$44.7B
| $23.9M | 0.03% |
2,059,958
-57,296
| -3% | -$663K |
|
442
Lennar Class A
LEN
$36.9B
| $23.8M | 0.03% |
643,997
-50,218
| -7% | -$1.86M |
|
443
FMC
FMC
$4.73B
| $23.8M | 0.03% |
291,395
-17,059
| -6% | -$1.39M |
|
|
PXD
444
DELISTED
Pioneer Natural Resource Co.
PXD
| $23.8M | 0.03% |
339,229
-25,000
| -7% | -$1.75M |
|
445
Brookfield Infrastructure Partners
BIP
$14.4B
| $23.7M | 0.03% |
988,704
-154,254
| -13% | -$3.7M |
|
446
Lumen
LUMN
$5.25B
| $23.6M | 0.03% |
2,493,072
-352,825
| -12% | -$3.34M |
|
447
IDEX
IEX
$12.4B
| $23.5M | 0.03% |
170,163
-9,841
| -5% | -$1.36M |
|
448
KeyCorp
KEY
$21B
| $23.4M | 0.03% |
2,255,646
-172,406
| -7% | -$1.79M |
|
449
Jacobs Solutions
J
$17.3B
| $23.1M | 0.03% |
353,020
-29,620
| -8% | -$1.94M |
|
450
Synchrony
SYF
$28B
| $22.8M | 0.03% |
1,418,281
-217,512
| -13% | -$3.5M |
|