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 | |
|---|---|---|---|---|---|---|
451
Freeport-McMoran
FCX
$64.4B
| $25.5M | 0.03% |
2,199,451
-496,752
| -18% | -$5.77M |
|
452
Twilio
TWLO
$16B
| $25.5M | 0.03% |
187,107
+65,772
| +54% | +$8.97M |
|
453
U-Haul Holding Co
UHAL
$10.8B
| $25.4M | 0.03% |
672,180
+50,080
| +8% | +$1.9M |
|
454
Textron
TXT
$14.4B
| $25.4M | 0.03% |
478,719
-129,664
| -21% | -$6.88M |
|
455
Cheniere Energy
LNG
$52.1B
| $25.3M | 0.03% |
369,739
-5,860
| -2% | -$401K |
|
456
Cencora
COR
$57.4B
| $25.3M | 0.03% |
296,757
-34,791
| -10% | -$2.97M |
|
457
Lennar Class A
LEN
$35.4B
| $25.3M | 0.03% |
539,089
+3,102
| +0.6% | +$146K |
|
|
FDC
458
DELISTED
First Data Corporation
FDC
| $25.3M | 0.03% |
933,462
+149,452
| +19% | +$4.05M |
|
459
Incyte
INCY
$16.8B
| $25.2M | 0.03% |
297,095
+22,778
| +8% | +$1.94M |
|
|
MMP
460
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $25.2M | 0.03% |
393,178
-13,131
| -3% | -$840K |
|
|
WCG
461
DELISTED
Wellcare Health Plans, Inc.
WCG
| $24.9M | 0.03% |
87,355
-17,772
| -17% | -$5.07M |
|
462
iShares MBS ETF
MBB
$41.5B
| $24.8M | 0.03% |
230,396
-218,411
| -49% | -$23.5M |
|
|
DISCK
463
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $24.7M | 0.03% |
867,792
-146,875
| -14% | -$4.18M |
|
464
Baidu
BIDU
$37B
| $24.6M | 0.03% |
209,248
-48,384
| -19% | -$5.68M |
|
465
W.W. Grainger
GWW
$47.5B
| $24.5M | 0.03% |
91,279
-46,072
| -34% | -$12.4M |
|
|
ATH
466
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $24.4M | 0.03% |
567,644
-1,261,678
| -69% | -$54.3M |
|
467
Teleflex
TFX
$5.76B
| $24.3M | 0.03% |
73,308
+1,795
| +3% | +$594K |
|
468
Xylem
XYL
$33.5B
| $24.2M | 0.03% |
288,856
-10,410
| -3% | -$871K |
|
469
Exact Sciences
EXAS
$10.4B
| $24M | 0.03% |
203,164
+13,065
| +7% | +$1.54M |
|
470
Atlassian
TEAM
$45.7B
| $24M | 0.03% |
183,121
+10,329
| +6% | +$1.35M |
|
|
AMTD
471
DELISTED
TD Ameritrade Holding Corp
AMTD
| $23.9M | 0.03% |
479,699
-1,798
| -0.4% | -$89.8K |
|
472
Tractor Supply
TSCO
$31B
| $23.6M | 0.03% |
1,084,695
-77,900
| -7% | -$1.7M |
|
473
Arista Networks
ANET
$189B
| $23.5M | 0.03% |
1,450,112
+93,024
| +7% | +$1.51M |
|
474
Advance Auto Parts
AAP
$3.55B
| $23.5M | 0.03% |
152,391
-20,257
| -12% | -$3.12M |
|
475
Seagate
STX
$41.1B
| $23.4M | 0.03% |
497,234
-85,635
| -15% | -$4.04M |
|