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 |
Apollo Global Management
APO
|
+$635M |
| 2 |
Verizon
VZ
|
+$198M |
| 3 |
EOG Resources
EOG
|
+$105M |
| 4 |
Perrigo
PRGO
|
+$46M |
| 5 |
Meta Platforms (Facebook)
META
|
+$40.8M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$35.3M |
| 3 |
Vodafone
VOD
|
+$31.5M |
| 4 |
Voya Financial
VOYA
|
+$30.5M |
| 5 |
Walmart
WMT
|
+$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.09% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
CarMax
KMX
$9.21B
| $26M | 0.04% |
584,200
+1,400
| +0.2% | +$62.2K |
|
502
Essex Property Trust
ESS
$17.1B
| $25.9M | 0.04% |
152,909
+58,402
| +62% | +$9.91M |
|
|
HAR
503
DELISTED
Harman International Industries
HAR
| $25.9M | 0.04% |
245,542
-11,250
| -4% | -$1.19M |
|
|
ETFC
504
DELISTED
E*Trade Financial Corporation
ETFC
| $25.8M | 0.04% |
1,293,470
+275,640
| +27% | +$5.51M |
|
|
CXO
505
DELISTED
CONCHO RESOURCES INC.
CXO
| $25.8M | 0.04% |
206,497
+47,997
| +30% | +$6M |
|
506
Nasdaq
NDAQ
$54.4B
| $25.7M | 0.04% |
2,214,876
-33,900
| -2% | -$393K |
|
507
GSK
GSK
$82.1B
| $25.7M | 0.04% |
393,859
+33,414
| +9% | +$2.18M |
|
508
IDEX
IEX
$12.4B
| $25.6M | 0.04% |
360,700
+19,300
| +6% | +$1.37M |
|
509
T-Mobile US
TMUS
$273B
| $25.6M | 0.04% |
820,045
+279,606
| +52% | +$8.72M |
|
510
McCormick & Company Non-Voting
MKC
$18.8B
| $25.5M | 0.04% |
715,764
+119,400
| +20% | +$4.25M |
|
511
Pultegroup
PHM
$27.9B
| $25.4M | 0.04% |
1,330,050
-16,458
| -1% | -$315K |
|
|
SNI
512
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $25.3M | 0.04% |
335,962
-21,960
| -6% | -$1.65M |
|
|
URS
513
DELISTED
URS CORP
URS
| $25.3M | 0.04% |
524,646
-84,767
| -14% | -$4.08M |
|
514
Nabors Industries
NBR
$570M
| $25.2M | 0.04% |
21,154
+2,164
| +11% | +$2.58M |
|
|
CIT
515
DELISTED
CIT Group Inc.
CIT
| $25.2M | 0.04% |
522,600
-15,900
| -3% | -$767K |
|
516
Fomento Económico Mexicano
FMX
$30.1B
| $25.1M | 0.04% |
268,700
| – | – |
|
517
Arch Capital
ACGL
$33.9B
| $25M | 0.04% |
1,337,400
+150,900
| +13% | +$2.82M |
|
518
Advance Auto Parts
AAP
$3.66B
| $25M | 0.04% |
209,449
-12,434
| -6% | -$1.48M |
|
519
IAC Inc
IAC
$2.92B
| $24.9M | 0.04% |
2,012,176
-160,952
| -7% | -$1.99M |
|
520
Edwards Lifesciences
EW
$46.9B
| $24.9M | 0.04% |
2,001,402
-30,294
| -1% | -$377K |
|
|
FRC
521
DELISTED
First Republic Bank
FRC
| $24.7M | 0.04% |
454,493
+22,000
| +5% | +$1.2M |
|
522
Tractor Supply
TSCO
$31.3B
| $24.7M | 0.04% |
1,820,000
+87,500
| +5% | +$1.19M |
|
|
CVD
523
DELISTED
COVANCE INC.
CVD
| $24.7M | 0.04% |
250,169
+59,500
| +31% | +$5.86M |
|
524
AGNC Investment
AGNC
$10.8B
| $24.6M | 0.04% |
1,116,470
-107,733
| -9% | -$2.38M |
|
525
Ball Corp
BALL
$13.9B
| $24.6M | 0.04% |
898,600
+64,800
| +8% | +$1.78M |
|