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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
451
Principal Financial Group
PFG
$17.8B
| $36.9M | 0.03% |
671,625
-31,565
| -4% | -$1.74M |
|
452
Fortinet
FTNT
$60.8B
| $36.9M | 0.03% |
1,727,480
+98,355
| +6% | +$2.1M |
|
453
Celanese
CE
$4.87B
| $36.8M | 0.03% |
299,025
-20,620
| -6% | -$2.54M |
|
454
NetApp
NTAP
$24.6B
| $36.7M | 0.03% |
589,562
-3,612
| -0.6% | -$225K |
|
455
Cardinal Health
CAH
$35.8B
| $36.6M | 0.03% |
724,510
-31,591
| -4% | -$1.6M |
|
|
KSU
456
DELISTED
Kansas City Southern
KSU
| $36.5M | 0.03% |
238,239
+9,676
| +4% | +$1.48M |
|
457
OGE Energy
OGE
$8.85B
| $36.1M | 0.03% |
811,102
+315,063
| +64% | +$14M |
|
458
Expedia Group
EXPE
$26.5B
| $36M | 0.03% |
333,026
-880
| -0.3% | -$95.2K |
|
459
BioMarin Pharmaceuticals
BMRN
$10.5B
| $35.9M | 0.03% |
425,046
+76,834
| +22% | +$6.5M |
|
460
Gen Digital
GEN
$18.1B
| $35.6M | 0.03% |
1,396,832
-106,479
| -7% | -$2.72M |
|
461
W.W. Grainger
GWW
$47.4B
| $35.4M | 0.03% |
104,518
-8,549
| -8% | -$2.89M |
|
|
TIF
462
DELISTED
Tiffany & Co.
TIF
| $34.9M | 0.03% |
261,009
-3,285
| -1% | -$439K |
|
463
CarMax
KMX
$8.85B
| $34.9M | 0.03% |
397,817
+4,818
| +1% | +$422K |
|
464
Lincoln National
LNC
$7.86B
| $34.8M | 0.03% |
589,303
+77,829
| +15% | +$4.59M |
|
465
Trip.com Group
TCOM
$47.3B
| $34.6M | 0.03% |
1,030,520
+293,327
| +40% | +$9.84M |
|
|
MMP
466
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $34.4M | 0.03% |
546,401
+3,207
| +0.6% | +$202K |
|
467
Ally Financial
ALLY
$12.6B
| $34.3M | 0.03% |
1,123,149
+73,450
| +7% | +$2.24M |
|
468
KKR & Co
KKR
$123B
| $34.3M | 0.03% |
1,175,112
+60,172
| +5% | +$1.76M |
|
469
Brookfield Infrastructure Partners
BIP
$14.2B
| $34M | 0.03% |
1,142,958
+69,878
| +7% | +$2.08M |
|
470
Qorvo
QRVO
$8.15B
| $33.5M | 0.03% |
288,120
+28,402
| +11% | +$3.3M |
|
|
SIVB
471
DELISTED
SVB Financial Group
SIVB
| $33.4M | 0.03% |
133,131
+14,837
| +13% | +$3.72M |
|
472
Masco
MAS
$15.3B
| $33.4M | 0.03% |
695,489
+34,420
| +5% | +$1.65M |
|
473
Diamondback Energy
FANG
$40.5B
| $33.4M | 0.03% |
359,322
+37,486
| +12% | +$3.48M |
|
474
Hologic
HOLX
$14.6B
| $33.2M | 0.03% |
636,787
-28,436
| -4% | -$1.48M |
|
475
Host Hotels & Resorts
HST
$12B
| $33.2M | 0.03% |
1,788,320
-212,198
| -11% | -$3.94M |
|