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 | |
|---|---|---|---|---|---|---|
526
AES
AES
$9.06B
| $19.3M | 0.02% |
1,149,443
+42,483
| +4% | +$712K |
|
527
DaVita
DVA
$9.46B
| $19.1M | 0.02% |
340,299
-44,361
| -12% | -$2.5M |
|
528
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $19.1M | 0.02% |
219,361
-222,618
| -50% | -$19.4M |
|
529
Okta
OKTA
$15.9B
| $19M | 0.02% |
154,020
+11,030
| +8% | +$1.36M |
|
530
United Rentals
URI
$60.8B
| $19M | 0.02% |
143,306
-24,457
| -15% | -$3.24M |
|
|
WRK
531
DELISTED
WestRock Company
WRK
| $19M | 0.02% |
520,734
-154,690
| -23% | -$5.64M |
|
532
Spotify
SPOT
$145B
| $18.9M | 0.02% |
+129,500
| New | +$18.9M |
|
533
Revvity
RVTY
$9.58B
| $18.9M | 0.02% |
196,339
-24,183
| -11% | -$2.33M |
|
534
Packaging Corp of America
PKG
$19.2B
| $18.8M | 0.02% |
197,614
-16,559
| -8% | -$1.58M |
|
535
Sun Communities
SUI
$16.1B
| $18.8M | 0.02% |
146,919
+11,262
| +8% | +$1.44M |
|
536
Teledyne Technologies
TDY
$25.6B
| $18.8M | 0.02% |
68,731
-3,156
| -4% | -$864K |
|
|
VIAB
537
DELISTED
Viacom Inc. Class B
VIAB
| $18.8M | 0.02% |
628,978
+9,710
| +2% | +$290K |
|
538
WEX
WEX
$5.81B
| $18.8M | 0.02% |
90,237
-40
| -0% | -$8.32K |
|
539
Zebra Technologies
ZBRA
$15.6B
| $18.7M | 0.02% |
89,424
-1,427
| -2% | -$299K |
|
540
Paycom
PAYC
$12.4B
| $18.7M | 0.02% |
82,567
-537
| -0.6% | -$122K |
|
541
Cboe Global Markets
CBOE
$24.5B
| $18.7M | 0.02% |
180,509
-24,747
| -12% | -$2.56M |
|
542
Teradyne
TER
$18.7B
| $18.7M | 0.02% |
389,296
+12,520
| +3% | +$600K |
|
543
Equity Lifestyle Properties
ELS
$11.7B
| $18.6M | 0.02% |
307,100
+21,926
| +8% | +$1.33M |
|
544
Raymond James Financial
RJF
$33.2B
| $18.6M | 0.02% |
330,539
-50,748
| -13% | -$2.86M |
|
545
Viatris
VTRS
$11.9B
| $18.6M | 0.02% |
977,347
+92,006
| +10% | +$1.75M |
|
|
AZPN
546
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $18.5M | 0.02% |
149,224
-7,656
| -5% | -$952K |
|
547
Trimble
TRMB
$19.1B
| $18.3M | 0.02% |
406,521
-13,988
| -3% | -$631K |
|
|
CY
548
DELISTED
Cypress Semiconductor
CY
| $18.2M | 0.02% |
819,067
-275,825
| -25% | -$6.13M |
|
549
PG&E
PCG
$33.5B
| $18.2M | 0.02% |
794,051
-245,309
| -24% | -$5.62M |
|
550
Brown & Brown
BRO
$30.5B
| $18.2M | 0.02% |
543,161
-15,479
| -3% | -$519K |
|