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 |
Verizon
VZ
|
+$165M |
| 2 |
Oracle
ORCL
|
+$139M |
| 3 |
CME Group
CME
|
+$99.7M |
| 4 |
Gilead Sciences
GILD
|
+$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$192M |
| 5 |
Humana
HUM
|
+$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
476
Freeport-McMoran
FCX
$64.6B
| $20.1M | 0.02% |
2,972,000
-158,000
| -5% | -$1.07M |
|
477
CarMax
KMX
$8.91B
| $20.1M | 0.02% |
372,653
-25,164
| -6% | -$1.35M |
|
|
COUP
478
DELISTED
Coupa Software Incorporated
COUP
| $20M | 0.02% |
143,126
-9,568
| -6% | -$1.34M |
|
479
Regions Financial
RF
$24.1B
| $19.9M | 0.02% |
2,223,668
-210,831
| -9% | -$1.89M |
|
480
Fair Isaac
FICO
$36.8B
| $19.8M | 0.02% |
64,408
-10,877
| -14% | -$3.35M |
|
481
Essential Utilities
WTRG
$10.7B
| $19.8M | 0.02% |
486,524
-6,324
| -1% | -$257K |
|
482
Dentsply Sirona
XRAY
$2.75B
| $19.8M | 0.02% |
508,757
-40,443
| -7% | -$1.57M |
|
483
Principal Financial Group
PFG
$17.7B
| $19.7M | 0.02% |
628,342
-43,283
| -6% | -$1.36M |
|
|
CY
484
DELISTED
Cypress Semiconductor
CY
| $19.6M | 0.02% |
840,216
-174,750
| -17% | -$4.08M |
|
485
Avery Dennison
AVY
$12.8B
| $19.4M | 0.02% |
190,548
-7,822
| -4% | -$797K |
|
486
Allegion
ALLE
$14.6B
| $19.4M | 0.02% |
210,390
-14,520
| -6% | -$1.34M |
|
|
CXO
487
DELISTED
CONCHO RESOURCES INC.
CXO
| $19.2M | 0.02% |
449,073
-22,521
| -5% | -$965K |
|
|
VAR
488
DELISTED
Varian Medical Systems, Inc.
VAR
| $19.2M | 0.02% |
187,028
-29,174
| -13% | -$2.99M |
|
489
Ingersoll Rand
IR
$31.9B
| $19.2M | 0.02% |
773,707
+483,314
| +166% | +$12M |
|
490
Molina Healthcare
MOH
$9.61B
| $19M | 0.02% |
135,821
-10,694
| -7% | -$1.49M |
|
491
Huntington Bancshares
HBAN
$25.7B
| $18.9M | 0.02% |
2,304,169
-191,412
| -8% | -$1.57M |
|
492
Masimo
MASI
$7.91B
| $18.9M | 0.02% |
106,488
-5,400
| -5% | -$956K |
|
|
MMP
493
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $18.8M | 0.02% |
516,438
-29,963
| -5% | -$1.09M |
|
494
Packaging Corp of America
PKG
$19.2B
| $18.8M | 0.02% |
216,951
-11,874
| -5% | -$1.03M |
|
495
Citizens Financial Group
CFG
$22.3B
| $18.8M | 0.02% |
1,000,474
-84,636
| -8% | -$1.59M |
|
496
Revvity
RVTY
$9.69B
| $18.7M | 0.02% |
248,538
-14,485
| -6% | -$1.09M |
|
497
Cable One
CABO
$907M
| $18.7M | 0.02% |
11,380
-593
| -5% | -$975K |
|
498
Oneok
OKE
$45.8B
| $18.5M | 0.02% |
849,185
-49,926
| -6% | -$1.09M |
|
|
HES
499
DELISTED
Hess
HES
| $18.4M | 0.02% |
552,411
-80,585
| -13% | -$2.68M |
|
500
Snap
SNAP
$11.9B
| $18.2M | 0.02% |
1,529,352
+4,806
| +0.3% | +$57.1K |
|