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 | |
|---|---|---|---|---|---|---|
|
CPN
551
DELISTED
Calpine Corporation
CPN
| $23.7M | 0.03% |
1,074,440
-252,000
| -19% | -$5.56M |
|
552
CarMax
KMX
$9.06B
| $23.6M | 0.03% |
370,400
-127,700
| -26% | -$8.13M |
|
|
LVNTA
553
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $23.6M | 0.03% |
627,922
+249,658
| +66% | +$9.38M |
|
554
Fidelity National Financial
FNF
$16.1B
| $23.5M | 0.03% |
948,683
-102,269
| -10% | -$2.54M |
|
555
Helmerich & Payne
HP
$2.05B
| $23.5M | 0.03% |
367,821
-94,074
| -20% | -$6M |
|
|
XEC
556
DELISTED
CIMAREX ENERGY CO
XEC
| $23.4M | 0.03% |
225,000
-24,800
| -10% | -$2.58M |
|
557
TEGNA Inc
TGNA
$3.38B
| $23.4M | 0.03% |
1,384,152
-12,617
| -0.9% | -$213K |
|
558
Genworth Financial
GNW
$3.51B
| $23.2M | 0.03% |
3,226,369
+1,251,739
| +63% | +$9M |
|
|
WOOF
559
DELISTED
VCA Inc.
WOOF
| $23.2M | 0.03% |
448,200
+63,500
| +17% | +$3.28M |
|
560
Snap-on
SNA
$16.8B
| $23M | 0.03% |
172,869
-34,900
| -17% | -$4.65M |
|
|
MDVN
561
DELISTED
MEDIVATION, INC.
MDVN
| $22.9M | 0.03% |
438,000
-147,400
| -25% | -$7.72M |
|
562
Reinsurance Group of America
RGA
$12.7B
| $22.9M | 0.03% |
271,900
+9,100
| +3% | +$767K |
|
|
TEG
563
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $22.9M | 0.03% |
277,257
+1,100
| +0.4% | +$90.8K |
|
564
Rayonier
RYN
$4.04B
| $22.5M | 0.03% |
805,930
+379,660
| +89% | +$10.6M |
|
565
ResMed
RMD
$39.3B
| $22.5M | 0.03% |
345,200
+900
| +0.3% | +$58.7K |
|
|
SNI
566
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $22.5M | 0.03% |
307,662
-9,300
| -3% | -$679K |
|
567
International Flavors & Fragrances
IFF
$16.5B
| $22.5M | 0.03% |
210,000
-41,640
| -17% | -$4.45M |
|
568
Eastman Chemical
EMN
$7.66B
| $22.5M | 0.03% |
319,256
-45,000
| -12% | -$3.16M |
|
|
LM
569
DELISTED
Legg Mason, Inc.
LM
| $22.4M | 0.03% |
408,890
-282,375
| -41% | -$15.5M |
|
570
Garmin
GRMN
$45.8B
| $22.4M | 0.03% |
422,900
+7,300
| +2% | +$386K |
|
571
Graphic Packaging
GPK
$6.07B
| $22.3M | 0.03% |
1,525,246
-53,700
| -3% | -$787K |
|
|
EEP
572
DELISTED
Enbridge Energy Partners
EEP
| $22.3M | 0.03% |
574,839
+32,600
| +6% | +$1.26M |
|
|
S
573
DELISTED
Sprint Corporation
S
| $22.2M | 0.03% |
5,065,801
+2,772,705
| +121% | +$12.1M |
|
574
Wabtec
WAB
$32.5B
| $22.1M | 0.03% |
255,136
+4,400
| +2% | +$381K |
|
|
MWE
575
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $22.1M | 0.03% |
358,760
+21,900
| +7% | +$1.35M |
|