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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
501
Packaging Corp of America
PKG
$19.8B
| $29.6M | 0.02% |
189,735
-12,604
| -6% | -$1.97M |
|
502
Cleveland-Cliffs
CLF
$5.63B
| $29.5M | 0.02% |
914,599
-60,508
| -6% | -$1.95M |
|
503
Avery Dennison
AVY
$13.1B
| $29.2M | 0.02% |
167,922
-12,565
| -7% | -$2.19M |
|
504
Pinduoduo
PDD
$177B
| $29.1M | 0.02% |
725,706
-48,690
| -6% | -$1.95M |
|
505
Liberty Media Series C
FWONK
$25.2B
| $29.1M | 0.02% |
430,732
-9,695
| -2% | -$655K |
|
506
Interpublic Group of Companies
IPG
$9.94B
| $29M | 0.02% |
818,918
-62,956
| -7% | -$2.23M |
|
507
CarMax
KMX
$9.11B
| $28.9M | 0.02% |
299,404
-51,783
| -15% | -$5M |
|
508
Charles River Laboratories
CRL
$8.07B
| $28.7M | 0.02% |
100,910
-7,595
| -7% | -$2.16M |
|
509
Kimco Realty
KIM
$15.4B
| $28.6M | 0.02% |
1,159,057
-103,745
| -8% | -$2.56M |
|
510
Qorvo
QRVO
$8.61B
| $28.3M | 0.02% |
228,131
-16,775
| -7% | -$2.08M |
|
511
GoDaddy
GDDY
$20.1B
| $28M | 0.02% |
334,854
-16,156
| -5% | -$1.35M |
|
512
Equity Lifestyle Properties
ELS
$12B
| $28M | 0.02% |
365,951
-15,606
| -4% | -$1.19M |
|
513
Loews
L
$20B
| $27.9M | 0.02% |
430,773
-31,157
| -7% | -$2.02M |
|
514
Dell
DELL
$84.4B
| $27.8M | 0.02% |
554,719
-40,160
| -7% | -$2.02M |
|
515
Pinterest
PINS
$25.8B
| $27.6M | 0.02% |
1,123,374
-90,150
| -7% | -$2.22M |
|
516
Nordson
NDSN
$12.6B
| $27.6M | 0.02% |
121,562
-6,909
| -5% | -$1.57M |
|
517
Unity
U
$18.5B
| $27.5M | 0.02% |
276,831
-14,488
| -5% | -$1.44M |
|
518
Viatris
VTRS
$12.2B
| $27.3M | 0.02% |
2,509,456
-133,257
| -5% | -$1.45M |
|
519
Howmet Aerospace
HWM
$71.8B
| $27.3M | 0.02% |
758,543
-56,035
| -7% | -$2.01M |
|
520
W.R. Berkley
WRB
$27.3B
| $27.2M | 0.02% |
613,667
-259,437
| -30% | -$11.5M |
|
521
Jones Lang LaSalle
JLL
$14.8B
| $27.1M | 0.02% |
113,362
-4,938
| -4% | -$1.18M |
|
522
United Airlines
UAL
$34.5B
| $27.1M | 0.02% |
583,954
-39,273
| -6% | -$1.82M |
|
523
Carlisle Companies
CSL
$16.9B
| $27M | 0.02% |
109,865
-3,466
| -3% | -$852K |
|
524
Fidelity National Financial
FNF
$16.5B
| $26.8M | 0.02% |
570,611
-49,442
| -8% | -$2.32M |
|
525
Darling Ingredients
DAR
$5.07B
| $26.7M | 0.02% |
332,681
-13,976
| -4% | -$1.12M |
|