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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
CVC
526
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $25M | 0.03% |
1,286,516
-30,400
| -2% | -$592K |
|
527
Huntington Ingalls Industries
HII
$10.6B
| $25M | 0.03% |
209,600
-13,000
| -6% | -$1.55M |
|
528
Federal Realty Investment Trust
FRT
$8.65B
| $24.9M | 0.03% |
169,362
+200
| +0.1% | +$29.4K |
|
529
lululemon athletica
LULU
$19.5B
| $24.9M | 0.03% |
368,984
-67,999
| -16% | -$4.59M |
|
530
Embraer
ERJ
$10.9B
| $24.7M | 0.03% |
694,419
+59,362
| +9% | +$2.11M |
|
531
Autoliv
ALV
$9.57B
| $24.6M | 0.03% |
332,744
+5,830
| +2% | +$431K |
|
532
Vanguard FTSE Europe ETF
VGK
$26.9B
| $24.5M | 0.03% |
457,081
| – | – |
|
|
WFT
533
DELISTED
Weatherford International plc
WFT
| $24.4M | 0.03% |
2,178,231
+113,885
| +6% | +$1.28M |
|
|
MBT
534
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $24.4M | 0.03% |
3,035,609
+299,000
| +11% | +$2.4M |
|
|
DISCK
535
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $24.3M | 0.03% |
828,684
-127,468
| -13% | -$3.74M |
|
536
America Movil
AMX
$59.7B
| $24.3M | 0.03% |
1,072,753
-1,168,416
| -52% | -$26.5M |
|
537
Gartner
IT
$17.6B
| $24.2M | 0.03% |
286,987
+7,700
| +3% | +$650K |
|
|
SRCL
538
DELISTED
Stericycle Inc
SRCL
| $24.2M | 0.03% |
180,196
-46,000
| -20% | -$6.18M |
|
|
JAH
539
DELISTED
JARDEN CORPORATION
JAH
| $24.2M | 0.03% |
488,900
+13,700
| +3% | +$677K |
|
540
Verisk Analytics
VRSK
$36.7B
| $24.2M | 0.03% |
375,695
| – | – |
|
541
Core Laboratories
CLB
$581M
| $24.1M | 0.03% |
226,490
+92,364
| +69% | +$9.84M |
|
542
W.R. Berkley
WRB
$27.2B
| $24M | 0.03% |
1,618,097
+477,225
| +42% | +$7.09M |
|
543
SEI Investments
SEIC
$10.7B
| $24M | 0.03% |
594,530
+77,100
| +15% | +$3.11M |
|
|
MXIM
544
DELISTED
Maxim Integrated Products
MXIM
| $24M | 0.03% |
711,300
-102,400
| -13% | -$3.46M |
|
545
Centene
CNC
$15.1B
| $24M | 0.03% |
861,048
+175,600
| +26% | +$4.88M |
|
546
UDR
UDR
$12.7B
| $23.9M | 0.03% |
694,382
+28,600
| +4% | +$983K |
|
547
Markel Group
MKL
$24.3B
| $23.8M | 0.03% |
34,516
+1,150
| +3% | +$794K |
|
|
FDO
548
DELISTED
FAMILY DOLLAR STORES
FDO
| $23.8M | 0.03% |
310,985
-3,500
| -1% | -$268K |
|
549
NRG Energy
NRG
$31.1B
| $23.8M | 0.03% |
938,558
-419,848
| -31% | -$10.6M |
|
|
RKT
550
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $23.7M | 0.03% |
362,394
-47,100
| -12% | -$3.08M |
|