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 | |
|---|---|---|---|---|---|---|
451
SL Green Realty
SLG
$4.29B
| $32.3M | 0.04% |
342,106
+72,336
| +27% | +$6.83M |
|
452
Bread Financial
BFH
$2.99B
| $32.1M | 0.04% |
170,556
-14,823
| -8% | -$2.79M |
|
453
ResMed
RMD
$39.6B
| $32.1M | 0.04% |
278,173
-10,415
| -4% | -$1.2M |
|
454
Waters Corp
WAT
$17.4B
| $31.9M | 0.04% |
163,741
-79,979
| -33% | -$15.6M |
|
455
Camden Property Trust
CPT
$11.6B
| $31.7M | 0.04% |
338,857
+47,340
| +16% | +$4.43M |
|
|
DRE
456
DELISTED
Duke Realty Corp.
DRE
| $31.7M | 0.04% |
1,116,372
+230,083
| +26% | +$6.53M |
|
|
SPLK
457
DELISTED
Splunk Inc
SPLK
| $31.7M | 0.04% |
261,920
+3,773
| +1% | +$456K |
|
458
IAC Inc
IAC
$2.88B
| $31.6M | 0.04% |
815,889
+57,862
| +8% | +$2.24M |
|
459
Campbell Soup
CPB
$9.98B
| $31.5M | 0.04% |
861,157
-117,559
| -12% | -$4.31M |
|
460
Federal Realty Investment Trust
FRT
$8.67B
| $31.4M | 0.04% |
248,422
+61,850
| +33% | +$7.82M |
|
461
Arista Networks
ANET
$189B
| $31.3M | 0.04% |
1,881,952
+119,408
| +7% | +$1.98M |
|
462
United Rentals
URI
$60.8B
| $31.2M | 0.04% |
190,736
+23,704
| +14% | +$3.88M |
|
463
Pinnacle West Capital
PNW
$10.5B
| $31.1M | 0.04% |
392,896
+72,428
| +23% | +$5.73M |
|
464
CF Industries
CF
$14.1B
| $30.9M | 0.04% |
567,499
+3,204
| +0.6% | +$174K |
|
465
Regency Centers
REG
$13.1B
| $30.9M | 0.04% |
477,121
+177,298
| +59% | +$11.5M |
|
466
Assurant
AIZ
$10.6B
| $30.7M | 0.04% |
283,983
+21,033
| +8% | +$2.27M |
|
467
Workday
WDAY
$60.5B
| $30.6M | 0.04% |
209,741
-3,543
| -2% | -$517K |
|
468
Liberty Broadband Class C
LBRDK
$8.67B
| $30.6M | 0.04% |
362,807
+60,274
| +20% | +$5.08M |
|
469
Macy's
M
$4.56B
| $30.4M | 0.04% |
875,011
-39,783
| -4% | -$1.38M |
|
470
Voya Financial
VOYA
$7.3B
| $30.1M | 0.04% |
606,125
-32,308
| -5% | -$1.6M |
|
|
MMP
471
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $30M | 0.04% |
442,990
-36,136
| -8% | -$2.45M |
|
472
Yum China
YUMC
$16.2B
| $30M | 0.04% |
853,939
-165,775
| -16% | -$5.82M |
|
473
PVH
PVH
$3.93B
| $30M | 0.04% |
207,559
+12,365
| +6% | +$1.79M |
|
|
MXIM
474
DELISTED
Maxim Integrated Products
MXIM
| $29.9M | 0.04% |
529,911
-74,802
| -12% | -$4.22M |
|
475
The Mosaic Company
MOS
$10.6B
| $29.5M | 0.04% |
907,709
-85,409
| -9% | -$2.77M |
|