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 |
Microsoft
MSFT
|
+$555M |
| 2 |
Apple
AAPL
|
+$534M |
| 3 |
Amazon
AMZN
|
+$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$268M |
| 5 |
Alibaba
BABA
|
+$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
+$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
+$145M |
| 3 |
Becton Dickinson
BDX
|
+$103M |
| 4 |
HCA Healthcare
HCA
|
+$84.7M |
| 5 |
Pfizer
PFE
|
+$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
451
Lincoln National
LNC
$7.83B
| $30.9M | 0.03% |
511,474
+114,033
| +29% | +$6.88M |
|
452
Xylem
XYL
$33.6B
| $30.7M | 0.03% |
385,727
+96,871
| +34% | +$7.71M |
|
453
Incyte
INCY
$16.5B
| $30.4M | 0.03% |
410,182
+113,087
| +38% | +$8.39M |
|
|
KSU
454
DELISTED
Kansas City Southern
KSU
| $30.4M | 0.03% |
228,563
+44,237
| +24% | +$5.88M |
|
455
U-Haul Holding Co
UHAL
$10.9B
| $30.2M | 0.03% |
774,360
+102,180
| +15% | +$3.99M |
|
456
Liberty Global Class C
LBTYK
$3.97B
| $30.1M | 0.03% |
1,267,264
+214,161
| +20% | +$5.09M |
|
457
Ingredion
INGR
$8.05B
| $30M | 0.03% |
367,316
+40,320
| +12% | +$3.3M |
|
458
Take-Two Interactive
TTWO
$45.2B
| $30M | 0.03% |
239,372
+111,535
| +87% | +$14M |
|
459
Align Technology
ALGN
$9.8B
| $30M | 0.03% |
165,753
+37,135
| +29% | +$6.72M |
|
460
KKR & Co
KKR
$125B
| $29.9M | 0.03% |
1,114,940
+226,637
| +26% | +$6.09M |
|
|
CXO
461
DELISTED
CONCHO RESOURCES INC.
CXO
| $29.8M | 0.03% |
438,558
+169,364
| +63% | +$11.5M |
|
462
NVR
NVR
$22.9B
| $29.7M | 0.03% |
7,996
+1,550
| +24% | +$5.76M |
|
463
MarketAxess Holdings
MKTX
$6.97B
| $29.6M | 0.03% |
90,262
+21,755
| +32% | +$7.12M |
|
464
Twilio
TWLO
$16.4B
| $29.4M | 0.03% |
267,106
+79,999
| +43% | +$8.8M |
|
465
Hasbro
HAS
$10.9B
| $29.3M | 0.03% |
247,274
-609,997
| -71% | -$72.4M |
|
466
Gartner
IT
$17.8B
| $29.2M | 0.03% |
204,208
+42,786
| +27% | +$6.12M |
|
|
AMTD
467
DELISTED
TD Ameritrade Holding Corp
AMTD
| $29M | 0.03% |
621,799
+142,100
| +30% | +$6.64M |
|
468
Diamondback Energy
FANG
$39.9B
| $28.9M | 0.03% |
321,836
+108,707
| +51% | +$9.77M |
|
469
Teradyne
TER
$18.3B
| $28.8M | 0.03% |
497,012
+107,716
| +28% | +$6.24M |
|
470
Steris
STE
$24.3B
| $28.8M | 0.03% |
198,997
+46,967
| +31% | +$6.79M |
|
471
Lumen
LUMN
$6.15B
| $28.7M | 0.03% |
2,296,061
+634,951
| +38% | +$7.92M |
|
472
Textron
TXT
$14.4B
| $28.6M | 0.03% |
584,490
+105,771
| +22% | +$5.18M |
|
|
GAP
473
The Gap, Inc.
GAP
$8.77B
| $28.6M | 0.03% |
1,647,301
-98,681
| -6% | -$1.71M |
|
474
CF Industries
CF
$13.8B
| $28.4M | 0.03% |
578,229
+86,783
| +18% | +$4.27M |
|
475
Freeport-McMoran
FCX
$64.3B
| $28.4M | 0.03% |
2,969,359
+769,908
| +35% | +$7.37M |
|