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 |
Coca-Cola
KO
|
+$198M |
| 2 |
PepsiCo
PEP
|
+$177M |
| 3 |
Procter & Gamble
PG
|
+$156M |
| 4 |
Linde
LIN
|
+$155M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$152M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$174M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| 1 | Financials | 16.41% |
| 2 | Technology | 16.21% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.86% |
| 5 | Industrials | 9.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
Devon Energy
DVN
$22.5B
| $20.7M | 0.03% |
917,406
-129,603
| -12% | -$2.92M |
|
502
Burlington
BURL
$17.6B
| $20.7M | 0.03% |
127,034
+4,009
| +3% | +$652K |
|
503
Bread Financial
BFH
$2.99B
| $20.7M | 0.03% |
172,423
+1,867
| +1% | +$224K |
|
504
CommScope
COMM
$3.59B
| $20.7M | 0.03% |
1,259,994
+339,818
| +37% | +$5.57M |
|
505
Pultegroup
PHM
$26.7B
| $20.6M | 0.03% |
792,334
-52,194
| -6% | -$1.36M |
|
506
Newell Brands
NWL
$2.54B
| $20.5M | 0.03% |
1,104,570
-339,595
| -24% | -$6.31M |
|
507
Raymond James Financial
RJF
$33.2B
| $20.4M | 0.03% |
411,645
-13,680
| -3% | -$679K |
|
508
GoDaddy
GDDY
$20.1B
| $20.4M | 0.03% |
310,202
-15,092
| -5% | -$990K |
|
509
Booz Allen Hamilton
BAH
$12.6B
| $20.2M | 0.03% |
447,842
-3,678
| -0.8% | -$166K |
|
510
Whirlpool
WHR
$5.24B
| $20.2M | 0.03% |
188,701
-14,217
| -7% | -$1.52M |
|
|
NBL
511
DELISTED
Noble Energy, Inc.
NBL
| $20.1M | 0.03% |
1,070,904
+8,918
| +0.8% | +$167K |
|
|
QVCGA
512
QVC Group, Inc. Series A Common Stock
QVCGA
$83.7M
| $20M | 0.03% |
21,130
-1,137
| -5% | -$1.08M |
|
513
NetEase
NTES
$92.3B
| $20M | 0.03% |
424,945
-96,475
| -19% | -$4.54M |
|
514
AES
AES
$9.06B
| $20M | 0.03% |
1,381,409
-137,685
| -9% | -$1.99M |
|
515
CoStar Group
CSGP
$36.6B
| $19.8M | 0.03% |
587,480
-43,090
| -7% | -$1.45M |
|
516
Zions Bancorporation
ZION
$8.56B
| $19.7M | 0.03% |
482,478
-53,192
| -10% | -$2.17M |
|
517
Lamb Weston
LW
$7.79B
| $19.6M | 0.03% |
266,347
-9,187
| -3% | -$676K |
|
518
Steris
STE
$24B
| $19.5M | 0.03% |
182,363
-31,202
| -15% | -$3.33M |
|
519
Invesco
IVZ
$9.88B
| $19.3M | 0.03% |
1,155,139
+14,637
| +1% | +$245K |
|
520
Ralph Lauren
RL
$18.9B
| $19.3M | 0.03% |
186,398
-2,585
| -1% | -$267K |
|
521
IDEX
IEX
$12.1B
| $19.2M | 0.03% |
151,939
-24,426
| -14% | -$3.08M |
|
522
Sealed Air
SEE
$4.83B
| $19M | 0.03% |
545,442
-24,132
| -4% | -$841K |
|
523
Targa Resources
TRGP
$35.2B
| $19M | 0.03% |
527,509
+102,783
| +24% | +$3.7M |
|
524
Allison Transmission
ALSN
$7.41B
| $18.8M | 0.03% |
429,167
-8,292
| -2% | -$364K |
|
525
JD.com
JD
$47.2B
| $18.8M | 0.03% |
899,286
-196,737
| -18% | -$4.12M |
|