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 |
AT&T
T
|
+$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$146M |
| 3 |
PepsiCo
PEP
|
+$65.1M |
| 4 |
Coca-Cola
KO
|
+$62.7M |
| 5 |
Pfizer
PFE
|
+$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$164M |
| 4 |
Microsoft
MSFT
|
+$135M |
| 5 |
Amazon
AMZN
|
+$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
Energy Transfer Partners
ET
$59.8B
| $25.7M | 0.04% |
1,491,518
-127,882
| -8% | -$2.21M |
|
|
DRE
502
DELISTED
Duke Realty Corp.
DRE
| $25.7M | 0.04% |
886,289
+62,624
| +8% | +$1.82M |
|
503
Flex
FLEX
$21.7B
| $25.7M | 0.04% |
2,416,017
+381,486
| +19% | +$4.06M |
|
504
Raymond James Financial
RJF
$33.2B
| $25.6M | 0.04% |
430,586
+4,757
| +1% | +$283K |
|
505
Harley-Davidson
HOG
$3.65B
| $25.6M | 0.04% |
608,323
+50,440
| +9% | +$2.12M |
|
|
SPLK
506
DELISTED
Splunk Inc
SPLK
| $25.6M | 0.04% |
258,147
-23,013
| -8% | -$2.28M |
|
507
Gartner
IT
$17.6B
| $25.4M | 0.04% |
191,236
-35,055
| -15% | -$4.66M |
|
508
Diamondback Energy
FANG
$40.4B
| $25.2M | 0.03% |
191,158
-10,224
| -5% | -$1.35M |
|
|
NLSN
509
DELISTED
Nielsen Holdings plc
NLSN
| $25.1M | 0.03% |
811,228
+59,796
| +8% | +$1.85M |
|
510
IDEX
IEX
$12.1B
| $25.1M | 0.03% |
183,800
-19,619
| -10% | -$2.68M |
|
511
CF Industries
CF
$14.1B
| $25.1M | 0.03% |
564,295
-122,067
| -18% | -$5.42M |
|
512
Alaska Air
ALK
$7.22B
| $24.9M | 0.03% |
412,602
+25,450
| +7% | +$1.54M |
|
|
PBCT
513
DELISTED
People's United Financial Inc
PBCT
| $24.9M | 0.03% |
1,376,580
+291,314
| +27% | +$5.27M |
|
514
Old Dominion Freight Line
ODFL
$30.7B
| $24.8M | 0.03% |
500,376
-76,473
| -13% | -$3.8M |
|
515
Ralph Lauren
RL
$18.9B
| $24.8M | 0.03% |
197,622
-20,064
| -9% | -$2.52M |
|
516
AXIS Capital
AXS
$7.59B
| $24.8M | 0.03% |
445,996
+58,829
| +15% | +$3.27M |
|
517
Xylem
XYL
$33.5B
| $24.7M | 0.03% |
367,269
-48,566
| -12% | -$3.27M |
|
518
ON Semiconductor
ON
$19.7B
| $24.7M | 0.03% |
1,110,029
+66,245
| +6% | +$1.47M |
|
519
United Rentals
URI
$60.8B
| $24.7M | 0.03% |
167,032
-24,944
| -13% | -$3.68M |
|
520
TransUnion
TRU
$17.5B
| $24.6M | 0.03% |
343,335
+76,745
| +29% | +$5.5M |
|
521
ManpowerGroup
MAN
$1.75B
| $24.6M | 0.03% |
285,668
+51,969
| +22% | +$4.47M |
|
522
W.R. Berkley
WRB
$27.4B
| $24.5M | 0.03% |
1,142,478
+236,078
| +26% | +$5.07M |
|
523
Sealed Air
SEE
$4.83B
| $24.2M | 0.03% |
569,760
-28,784
| -5% | -$1.22M |
|
524
Tractor Supply
TSCO
$31B
| $24.1M | 0.03% |
1,578,445
-225,465
| -12% | -$3.45M |
|
525
Advanced Micro Devices
AMD
$259B
| $24.1M | 0.03% |
1,609,190
-110,037
| -6% | -$1.65M |
|