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 |
Netflix
NFLX
|
+$376M |
| 2 |
Charter Communications
CHTR
|
+$360M |
| 3 |
Costco
COST
|
+$202M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$185M |
| 5 |
Microsoft
MSFT
|
+$158M |
Top Sells
| 1 |
Coca-Cola
KO
|
+$211M |
| 2 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
+$174M |
| 3 |
Labcorp
LH
|
+$151M |
| 4 |
Stryker
SYK
|
+$128M |
| 5 |
Mid-America Apartment Communities
MAA
|
+$115M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
526
Equity Lifestyle Properties
ELS
$11.8B
| $30.7M | 0.02% |
392,834
-937,237
| -70% | -$73.2M |
|
|
ZEN
527
DELISTED
ZENDESK INC
ZEN
| $30.5M | 0.02% |
262,255
+20,863
| +9% | +$2.43M |
|
|
WRK
528
DELISTED
WestRock Company
WRK
| $30.3M | 0.02% |
608,923
-13,435
| -2% | -$669K |
|
529
Vail Resorts
MTN
$5.47B
| $30.3M | 0.02% |
90,612
+430
| +0.5% | +$144K |
|
530
Dynatrace
DT
$14.4B
| $30.3M | 0.02% |
426,428
+15,338
| +4% | +$1.09M |
|
|
AVLR
531
DELISTED
Avalara, Inc.
AVLR
| $30.1M | 0.02% |
172,039
+399
| +0.2% | +$69.7K |
|
532
Jones Lang LaSalle
JLL
$14.7B
| $30M | 0.02% |
120,920
-533
| -0.4% | -$132K |
|
533
W.P. Carey
WPC
$14.9B
| $29.7M | 0.02% |
414,701
+8,403
| +2% | +$601K |
|
534
Zillow
Z
$21.2B
| $29.6M | 0.02% |
336,228
-30,154
| -8% | -$2.66M |
|
535
Dayforce
DAY
$10.9B
| $29.6M | 0.02% |
262,699
+2,403
| +0.9% | +$271K |
|
536
Lincoln National
LNC
$7.88B
| $29.6M | 0.02% |
430,100
-12,696
| -3% | -$873K |
|
537
Fox Class A
FOXA
$25B
| $29.5M | 0.02% |
735,608
-25,456
| -3% | -$1.02M |
|
538
PG&E
PCG
$32.7B
| $29.4M | 0.02% |
3,067,518
+9,586
| +0.3% | +$92K |
|
539
American Airlines Group
AAL
$8.58B
| $29.3M | 0.02% |
1,428,046
+2,959
| +0.2% | +$60.7K |
|
540
Iron Mountain
IRM
$29.1B
| $29.2M | 0.02% |
672,259
-1,581,932
| -70% | -$68.7M |
|
541
Plug Power
PLUG
$1.69B
| $29.2M | 0.02% |
1,142,958
+8,983
| +0.8% | +$229K |
|
542
Crown Holdings
CCK
$11B
| $29.1M | 0.02% |
289,234
-6,152
| -2% | -$620K |
|
543
Packaging Corp of America
PKG
$19.3B
| $29.1M | 0.02% |
211,918
-2,640
| -1% | -$363K |
|
544
Elanco Animal Health
ELAN
$9.37B
| $28.6M | 0.02% |
897,049
-11,549
| -1% | -$368K |
|
545
Whirlpool
WHR
$5.17B
| $28.6M | 0.02% |
140,159
-5,625
| -4% | -$1.15M |
|
546
The Mosaic Company
MOS
$10.3B
| $28.5M | 0.02% |
798,241
-10,844
| -1% | -$387K |
|
547
Dentsply Sirona
XRAY
$2.77B
| $28.5M | 0.02% |
490,837
-2,439
| -0.5% | -$142K |
|
548
LPL Financial
LPLA
$27.2B
| $28.4M | 0.02% |
181,411
+568
| +0.3% | +$89K |
|
549
Fidelity National Financial
FNF
$16.1B
| $28.4M | 0.02% |
651,445
+7,833
| +1% | +$341K |
|
550
PTC
PTC
$24.6B
| $28.3M | 0.02% |
236,351
-165
| -0.1% | -$19.8K |
|