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 | |
|---|---|---|---|---|---|---|
451
Mercado Libre
MELI
$119B
| $27.1M | 0.03% |
53,339
-928
| -2% | -$471K |
|
452
ResMed
RMD
$40.9B
| $26.9M | 0.03% |
258,685
-1,276
| -0.5% | -$133K |
|
453
Arista Networks
ANET
$178B
| $26.7M | 0.03% |
1,357,088
-419,792
| -24% | -$8.25M |
|
454
Copart
CPRT
$47.1B
| $26.6M | 0.03% |
1,756,308
-260,152
| -13% | -$3.94M |
|
455
Lear
LEA
$6B
| $26.5M | 0.03% |
195,466
-15,001
| -7% | -$2.04M |
|
456
Cencora
COR
$57.7B
| $26.4M | 0.03% |
331,548
-60,993
| -16% | -$4.85M |
|
457
Fox Class A
FOXA
$27.8B
| $26.3M | 0.03% |
+715,328
| New | +$26.3M |
|
458
APA Corp
APA
$7.75B
| $26.2M | 0.03% |
756,975
-38,925
| -5% | -$1.35M |
|
|
ETFC
459
DELISTED
E*Trade Financial Corporation
ETFC
| $26.1M | 0.03% |
562,321
-58,131
| -9% | -$2.7M |
|
460
Voya Financial
VOYA
$7.3B
| $26.1M | 0.03% |
522,364
-52,792
| -9% | -$2.64M |
|
461
Franklin Resources
BEN
$12.9B
| $26M | 0.03% |
783,249
-37,858
| -5% | -$1.25M |
|
|
WRK
462
DELISTED
WestRock Company
WRK
| $25.9M | 0.03% |
675,424
-24,289
| -3% | -$932K |
|
463
Burlington
BURL
$18.3B
| $25.8M | 0.03% |
164,821
+37,787
| +30% | +$5.92M |
|
|
DISCK
464
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $25.8M | 0.03% |
1,014,667
-139,523
| -12% | -$3.55M |
|
465
NRG Energy
NRG
$29.5B
| $25.8M | 0.03% |
606,934
-35,284
| -5% | -$1.5M |
|
|
NBL
466
DELISTED
Noble Energy, Inc.
NBL
| $25.7M | 0.03% |
1,040,653
-30,251
| -3% | -$748K |
|
467
Cheniere Energy
LNG
$51.3B
| $25.7M | 0.03% |
375,599
-6,417
| -2% | -$439K |
|
468
Lennar Class A
LEN
$35.6B
| $25.5M | 0.03% |
535,987
+117,097
| +28% | +$5.56M |
|
|
MXIM
469
DELISTED
Maxim Integrated Products
MXIM
| $25.4M | 0.03% |
476,910
-1,733
| -0.4% | -$92.1K |
|
470
Spirit AeroSystems
SPR
$4.82B
| $25.3M | 0.03% |
276,717
-27,803
| -9% | -$2.54M |
|
471
Robert Half
RHI
$3.66B
| $25.2M | 0.03% |
387,472
-15,233
| -4% | -$993K |
|
472
D.R. Horton
DHI
$53B
| $25.2M | 0.03% |
607,832
-168,076
| -22% | -$6.95M |
|
473
Viatris
VTRS
$12.2B
| $25.1M | 0.03% |
885,341
-96,462
| -10% | -$2.73M |
|
474
The Mosaic Company
MOS
$10.3B
| $25.1M | 0.03% |
917,512
+31,076
| +4% | +$849K |
|
|
KSU
475
DELISTED
Kansas City Southern
KSU
| $25M | 0.03% |
215,568
-19,417
| -8% | -$2.25M |
|