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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
Realty Income
O
$54.4B
| $26.2M | 0.04% |
491,066
+9,598
| +2% | +$512K |
|
|
VMW
502
DELISTED
VMware, Inc
VMW
| $26.1M | 0.04% |
323,800
-8,000
| -2% | -$645K |
|
503
Ashland
ASH
$2.49B
| $26.1M | 0.04% |
446,671
+15,534
| +4% | +$908K |
|
504
HF Sinclair
DINO
$9.56B
| $26.1M | 0.04% |
757,112
+124,163
| +20% | +$4.27M |
|
505
Live Nation Entertainment
LYV
$39.3B
| $26M | 0.04% |
1,021,946
+315,200
| +45% | +$8.01M |
|
|
RAX
506
DELISTED
Rackspace Hosting Inc
RAX
| $26M | 0.04% |
568,074
+189,590
| +50% | +$8.66M |
|
507
Cincinnati Financial
CINF
$24B
| $25.9M | 0.04% |
496,372
-600
| -0.1% | -$31.3K |
|
508
H&R Block
HRB
$6.97B
| $25.9M | 0.04% |
748,071
+1,500
| +0.2% | +$51.9K |
|
|
AIV
509
Aimco
AIV
$1.1B
| $25.9M | 0.04% |
4,726,764
+49,545
| +1% | +$271K |
|
|
MNK
510
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $25.8M | 0.04% |
240,813
-109,960
| -31% | -$11.8M |
|
511
Expedia Group
EXPE
$26.9B
| $25.8M | 0.04% |
298,114
-114,100
| -28% | -$9.89M |
|
|
TIF
512
DELISTED
Tiffany & Co.
TIF
| $25.8M | 0.04% |
286,076
+46,855
| +20% | +$4.23M |
|
513
AES
AES
$9.06B
| $25.8M | 0.04% |
2,024,298
-1,024,259
| -34% | -$13M |
|
514
Mettler-Toledo International
MTD
$27.1B
| $25.7M | 0.04% |
86,199
| – | – |
|
515
KKR & Co
KKR
$122B
| $25.6M | 0.04% |
1,040,973
+4,400
| +0.4% | +$108K |
|
516
TransDigm Group
TDG
$72.9B
| $25.6M | 0.04% |
125,800
-2,351
| -2% | -$479K |
|
517
Campbell Soup
CPB
$10.1B
| $25.5M | 0.04% |
548,054
-26,441
| -5% | -$1.23M |
|
518
Polaris
PII
$3.35B
| $25.4M | 0.04% |
170,413
+7,660
| +5% | +$1.14M |
|
|
SHPG
519
DELISTED
Shire pic
SHPG
| $25.4M | 0.04% |
114,950
+47,877
| +71% | +$10.6M |
|
520
Align Technology
ALGN
$9.85B
| $25.4M | 0.04% |
432,000
+39,810
| +10% | +$2.34M |
|
521
McCormick & Company Non-Voting
MKC
$18.8B
| $25.3M | 0.03% |
692,964
+1,200
| +0.2% | +$43.8K |
|
|
MWV
522
DELISTED
MEADWESTVACO CORP
MWV
| $25.3M | 0.03% |
497,684
+140,300
| +39% | +$7.12M |
|
|
ANSS
523
DELISTED
Ansys
ANSS
| $25.2M | 0.03% |
303,000
+100
| +0% | +$8.33K |
|
524
Flowserve
FLS
$7.28B
| $25.2M | 0.03% |
462,639
-137,296
| -23% | -$7.49M |
|
525
PLDT
PHI
$4.19B
| $25.1M | 0.03% |
375,700
| – | – |
|