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
|
+$203M |
| 2 |
PepsiCo
PEP
|
+$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
+$113M |
| 4 |
Newmont
NEM
|
+$111M |
| 5 |
McDonald's
MCD
|
+$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$512M |
| 2 |
Apple
AAPL
|
+$248M |
| 3 |
Microsoft
MSFT
|
+$209M |
| 4 |
JPMorgan Chase
JPM
|
+$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
ETFC
501
DELISTED
E*Trade Financial Corporation
ETFC
| $21M | 0.02% |
470,467
-91,854
| -16% | -$4.1M |
|
502
GoDaddy
GDDY
$20.1B
| $21M | 0.02% |
299,026
-10,069
| -3% | -$706K |
|
503
DexCom
DXCM
$29.8B
| $20.9M | 0.02% |
559,196
-76,768
| -12% | -$2.88M |
|
|
DATA
504
DELISTED
Tableau Software, Inc.
DATA
| $20.9M | 0.02% |
126,130
-145
| -0.1% | -$24.1K |
|
505
Voya Financial
VOYA
$7.3B
| $20.9M | 0.02% |
377,226
-145,138
| -28% | -$8.03M |
|
506
Huntington Ingalls Industries
HII
$10.7B
| $20.9M | 0.02% |
92,818
-1,386
| -1% | -$311K |
|
507
Tapestry
TPR
$21.9B
| $20.8M | 0.02% |
654,551
-2,849
| -0.4% | -$90.4K |
|
|
MRO
508
DELISTED
Marathon Oil Corporation
MRO
| $20.7M | 0.02% |
1,457,634
-379,563
| -21% | -$5.39M |
|
509
D.R. Horton
DHI
$52.5B
| $20.7M | 0.02% |
479,891
-127,941
| -21% | -$5.52M |
|
510
ManpowerGroup
MAN
$1.75B
| $20.5M | 0.02% |
211,899
-45,142
| -18% | -$4.36M |
|
511
Martin Marietta Materials
MLM
$37.2B
| $20.5M | 0.02% |
88,952
-13,083
| -13% | -$3.01M |
|
512
Lennox International
LII
$19.6B
| $20.4M | 0.02% |
74,024
-2,966
| -4% | -$816K |
|
|
513
Apollo Global Management
APO
$76.4B
| $20.2M | 0.02% |
590,209
-14,941,696
| -96% | -$512M |
|
514
Brookfield Infrastructure Partners
BIP
$14.2B
| $20.2M | 0.02% |
791,354
-106,974
| -12% | -$2.73M |
|
515
Snap-on
SNA
$16.9B
| $20.2M | 0.02% |
122,013
-19,481
| -14% | -$3.23M |
|
516
Factset
FDS
$13.7B
| $19.9M | 0.02% |
69,436
-1,262
| -2% | -$362K |
|
517
NRG Energy
NRG
$31.2B
| $19.8M | 0.02% |
564,195
-42,739
| -7% | -$1.5M |
|
518
Compañía de Minas Buenaventura
BVN
$5.09B
| $19.7M | 0.02% |
1,181,451
+182,113
| +18% | +$3.04M |
|
519
Jones Lang LaSalle
JLL
$14.6B
| $19.7M | 0.02% |
139,895
-20,840
| -13% | -$2.93M |
|
520
Booz Allen Hamilton
BAH
$12.6B
| $19.7M | 0.02% |
296,912
-91,608
| -24% | -$6.07M |
|
|
NBL
521
DELISTED
Noble Energy, Inc.
NBL
| $19.6M | 0.02% |
875,804
-164,849
| -16% | -$3.69M |
|
522
Lumen
LUMN
$6.3B
| $19.5M | 0.02% |
1,661,110
+12,708
| +0.8% | +$149K |
|
523
Xerox
XRX
$456M
| $19.5M | 0.02% |
551,160
-60,747
| -10% | -$2.15M |
|
|
SIVB
524
DELISTED
SVB Financial Group
SIVB
| $19.5M | 0.02% |
86,689
-1,934
| -2% | -$434K |
|
525
Whirlpool
WHR
$5.24B
| $19.3M | 0.02% |
135,330
-44,273
| -25% | -$6.3M |
|