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 |
IBM
IBM
|
+$170M |
| 2 |
Mondelez International
MDLZ
|
+$92M |
| 3 |
Warner Bros
WBD
|
+$86.5M |
| 4 |
Roper Technologies
ROP
|
+$82.7M |
| 5 |
Keurig Dr Pepper
KDP
|
+$74.1M |
Top Sells
| 1 |
Apple
AAPL
|
+$242M |
| 2 |
Microsoft
MSFT
|
+$207M |
| 3 |
AT&T
T
|
+$206M |
| 4 |
Amazon
AMZN
|
+$198M |
| 5 |
CERN
Cerner Corp
CERN
|
+$180M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
476
VF Corp
VFC
$5.95B
| $26.2M | 0.02% |
592,968
-26,472
| -4% | -$1.17M |
|
477
Celanese
CE
$5.09B
| $26.1M | 0.02% |
222,110
-13,583
| -6% | -$1.6M |
|
478
Insulet
PODD
$24.6B
| $26.1M | 0.02% |
119,575
-3,997
| -3% | -$871K |
|
479
Camden Property Trust
CPT
$11.9B
| $26.1M | 0.02% |
193,750
-6,193
| -3% | -$833K |
|
480
Royalty Pharma
RPRX
$15.5B
| $26.1M | 0.02% |
619,798
-19,552
| -3% | -$822K |
|
481
Avery Dennison
AVY
$13B
| $25.8M | 0.02% |
159,179
-8,743
| -5% | -$1.42M |
|
482
KBR
KBR
$6.35B
| $25.7M | 0.02% |
531,813
+252,933
| +91% | +$12.2M |
|
483
FMC
FMC
$4.73B
| $25.6M | 0.02% |
239,161
-12,030
| -5% | -$1.29M |
|
484
CarMax
KMX
$9.21B
| $25.3M | 0.02% |
280,078
-19,326
| -6% | -$1.75M |
|
485
JB Hunt Transport Services
JBHT
$13.8B
| $25.3M | 0.02% |
160,818
-10,374
| -6% | -$1.63M |
|
486
Viatris
VTRS
$12.2B
| $25.3M | 0.02% |
2,417,299
-92,157
| -4% | -$965K |
|
487
Carlisle Companies
CSL
$16.8B
| $25.3M | 0.02% |
105,897
-3,968
| -4% | -$947K |
|
488
W.R. Berkley
WRB
$27.5B
| $25.2M | 0.02% |
553,827
-59,840
| -10% | -$2.72M |
|
489
Packaging Corp of America
PKG
$19.4B
| $25M | 0.02% |
182,073
-7,662
| -4% | -$1.05M |
|
490
LKQ Corp
LKQ
$8.39B
| $25M | 0.02% |
509,248
-41,260
| -7% | -$2.03M |
|
491
Liberty Media Series C
FWONK
$25.5B
| $25M | 0.02% |
406,881
-23,851
| -6% | -$1.46M |
|
492
Equity Lifestyle Properties
ELS
$11.9B
| $24.7M | 0.02% |
351,077
-14,874
| -4% | -$1.05M |
|
493
Bunge Global
BG
$16.9B
| $24.6M | 0.02% |
271,625
-9,690
| -3% | -$879K |
|
494
Steel Dynamics
STLD
$19.8B
| $24.6M | 0.02% |
371,672
-30,873
| -8% | -$2.04M |
|
495
Entegris
ENTG
$12.3B
| $24.5M | 0.02% |
265,807
-10,729
| -4% | -$988K |
|
496
FTI Consulting
FCN
$5.41B
| $24.5M | 0.02% |
135,339
+58,625
| +76% | +$10.6M |
|
497
APA Corp
APA
$7.75B
| $24.4M | 0.02% |
698,919
-69,743
| -9% | -$2.43M |
|
498
Lumen
LUMN
$5.78B
| $24.2M | 0.02% |
2,221,286
-19,148
| -0.9% | -$209K |
|
499
DoorDash
DASH
$110B
| $24.1M | 0.02% |
376,129
+112,000
| +42% | +$7.19M |
|
500
Twilio
TWLO
$16.7B
| $24.1M | 0.02% |
287,635
-13,069
| -4% | -$1.1M |
|