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 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
O'Reilly Automotive
ORLY
|
$178M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
Live Nation Entertainment
LYV
$37.9B
| $34.8M | 0.02% |
291,051
+18,843
| +7% | +$2.26M |
|
502
CenterPoint Energy
CNP
$24.7B
| $34.8M | 0.02% |
1,246,698
-78,420
| -6% | -$2.19M |
|
|
ABMD
503
DELISTED
Abiomed Inc
ABMD
| $34.6M | 0.02% |
96,368
-3,081
| -3% | -$1.11M |
|
504
Insulet
PODD
$24.5B
| $34.6M | 0.02% |
130,006
-4,617
| -3% | -$1.23M |
|
505
Apollo Global Management
APO
$75.3B
| $34.6M | 0.02% |
477,337
+80,662
| +20% | +$5.84M |
|
506
CF Industries
CF
$13.7B
| $34.6M | 0.02% |
488,459
-15,520
| -3% | -$1.1M |
|
507
Conagra Brands
CAG
$9.23B
| $34M | 0.02% |
994,615
-54,485
| -5% | -$1.86M |
|
508
Iron Mountain
IRM
$27.2B
| $33.8M | 0.02% |
646,270
-25,989
| -4% | -$1.36M |
|
509
Equity Lifestyle Properties
ELS
$12B
| $33.4M | 0.02% |
381,557
-11,277
| -3% | -$989K |
|
510
Dell
DELL
$84.4B
| $33.4M | 0.02% |
594,879
-638,471
| -52% | -$35.9M |
|
511
Teleflex
TFX
$5.78B
| $33M | 0.02% |
100,590
-4,230
| -4% | -$1.39M |
|
512
Interpublic Group of Companies
IPG
$9.94B
| $33M | 0.02% |
881,874
-49,475
| -5% | -$1.85M |
|
513
Nordson
NDSN
$12.6B
| $32.8M | 0.02% |
128,471
-2,244
| -2% | -$573K |
|
514
W.P. Carey
WPC
$14.9B
| $32.5M | 0.02% |
404,234
-10,467
| -3% | -$841K |
|
515
W.R. Berkley
WRB
$27.3B
| $32M | 0.02% |
873,104
-1,576,435
| -64% | -$57.7M |
|
516
Jones Lang LaSalle
JLL
$14.8B
| $31.9M | 0.02% |
118,300
-2,620
| -2% | -$706K |
|
517
Lumen
LUMN
$4.87B
| $31.8M | 0.02% |
2,536,625
| – | – |
|
518
Rivian
RIVN
$17.2B
| $31.6M | 0.02% |
+305,181
| New | +$31.6M |
|
519
Pultegroup
PHM
$27.7B
| $31.5M | 0.02% |
551,753
-47,934
| -8% | -$2.74M |
|
520
Repligen
RGEN
$7.01B
| $31.5M | 0.02% |
118,949
+7,573
| +7% | +$2.01M |
|
521
Cardinal Health
CAH
$35.7B
| $31.5M | 0.02% |
611,488
-50,004
| -8% | -$2.57M |
|
522
The Mosaic Company
MOS
$10.3B
| $31.5M | 0.02% |
800,719
+2,478
| +0.3% | +$97.4K |
|
523
Fortune Brands Innovations
FBIN
$7.3B
| $31.2M | 0.02% |
341,906
-23,476
| -6% | -$2.14M |
|
524
Kimco Realty
KIM
$15.4B
| $31.1M | 0.02% |
1,262,802
-51,051
| -4% | -$1.26M |
|
525
Fidelity National Financial
FNF
$16.5B
| $31.1M | 0.02% |
620,053
-31,392
| -5% | -$1.58M |
|