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 |
Walt Disney
DIS
|
+$134M |
| 2 |
PepsiCo
PEP
|
+$132M |
| 3 |
Coca-Cola
KO
|
+$126M |
| 4 |
Procter & Gamble
PG
|
+$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$315M |
| 2 |
Mastercard
MA
|
+$267M |
| 3 |
Apple
AAPL
|
+$221M |
| 4 |
RTN
Raytheon Company
RTN
|
+$149M |
| 5 |
Northrop Grumman
NOC
|
+$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
526
KKR & Co
KKR
$124B
| $20.5M | 0.03% |
870,598
+89,836
| +12% | +$2.11M |
|
527
Raymond James Financial
RJF
$33.2B
| $20.4M | 0.03% |
381,287
-30,358
| -7% | -$1.63M |
|
528
Lennox International
LII
$19.6B
| $20.4M | 0.03% |
76,990
+4,554
| +6% | +$1.2M |
|
529
Invesco
IVZ
$9.88B
| $20.4M | 0.03% |
1,054,003
-101,136
| -9% | -$1.95M |
|
530
Coterra Energy
CTRA
$18.6B
| $20.3M | 0.03% |
777,950
+155,448
| +25% | +$4.06M |
|
531
Macy's
M
$4.56B
| $20.1M | 0.02% |
837,423
-55,604
| -6% | -$1.34M |
|
532
Diamondback Energy
FANG
$40.4B
| $20.1M | 0.02% |
197,838
-44,914
| -19% | -$4.56M |
|
533
AES
AES
$9.06B
| $20M | 0.02% |
1,106,960
-274,449
| -20% | -$4.96M |
|
534
Interpublic Group of Companies
IPG
$9.51B
| $19.9M | 0.02% |
945,177
+106,152
| +13% | +$2.23M |
|
535
Capri Holdings
CPRI
$2.54B
| $19.8M | 0.02% |
432,325
-29,495
| -6% | -$1.35M |
|
536
Lumen
LUMN
$6.3B
| $19.8M | 0.02% |
1,648,402
-479,593
| -23% | -$5.75M |
|
|
SIVB
537
DELISTED
SVB Financial Group
SIVB
| $19.7M | 0.02% |
88,623
-5,768
| -6% | -$1.28M |
|
|
QVCGA
538
QVC Group, Inc. Series A Common Stock
QVCGA
$83.7M
| $19.7M | 0.02% |
25,353
+4,223
| +20% | +$3.28M |
|
539
Cboe Global Markets
CBOE
$24.5B
| $19.6M | 0.02% |
205,256
+13,276
| +7% | +$1.27M |
|
540
Xerox
XRX
$456M
| $19.6M | 0.02% |
611,907
-86,606
| -12% | -$2.77M |
|
541
HF Sinclair
DINO
$9.57B
| $19.5M | 0.02% |
396,552
-34,868
| -8% | -$1.72M |
|
542
PTC
PTC
$24.5B
| $19.5M | 0.02% |
211,755
-4,824
| -2% | -$445K |
|
543
Huntington Ingalls Industries
HII
$10.7B
| $19.5M | 0.02% |
94,204
-102,343
| -52% | -$21.2M |
|
544
Bread Financial
BFH
$2.99B
| $19.5M | 0.02% |
139,500
-32,923
| -19% | -$4.6M |
|
545
Carlisle Companies
CSL
$16.2B
| $19.5M | 0.02% |
158,855
-7,540
| -5% | -$925K |
|
546
NVR
NVR
$23B
| $19.5M | 0.02% |
7,035
-6
| -0.1% | -$16.6K |
|
547
Arrow Electronics
ARW
$6.54B
| $19.4M | 0.02% |
252,190
-17,048
| -6% | -$1.31M |
|
548
Alaska Air
ALK
$7.22B
| $19.4M | 0.02% |
346,264
-18,659
| -5% | -$1.05M |
|
549
Atlassian
TEAM
$45.7B
| $19.4M | 0.02% |
172,792
-3,311
| -2% | -$372K |
|
550
Old Dominion Freight Line
ODFL
$30.7B
| $19.4M | 0.02% |
403,053
-53,982
| -12% | -$2.6M |
|