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 |
AT&T
T
|
+$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$146M |
| 3 |
PepsiCo
PEP
|
+$65.1M |
| 4 |
Coca-Cola
KO
|
+$62.7M |
| 5 |
Pfizer
PFE
|
+$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$164M |
| 4 |
Microsoft
MSFT
|
+$135M |
| 5 |
Amazon
AMZN
|
+$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
551
Alexandria Real Estate Equities
ARE
$14.3B
| $22.5M | 0.03% |
178,609
-4,456
| -2% | -$562K |
|
|
FLIR
552
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $22.5M | 0.03% |
432,739
+71,080
| +20% | +$3.69M |
|
553
Affiliated Managers Group
AMG
$6.6B
| $22.3M | 0.03% |
149,946
+12,767
| +9% | +$1.9M |
|
554
Xerox
XRX
$456M
| $22.2M | 0.03% |
924,636
+17,615
| +2% | +$423K |
|
|
CIT
555
DELISTED
CIT Group Inc.
CIT
| $22.2M | 0.03% |
440,023
+15,189
| +4% | +$766K |
|
556
Plains All American Pipeline
PAA
$12.2B
| $22.1M | 0.03% |
933,359
-781,131
| -46% | -$18.5M |
|
557
Iron Mountain
IRM
$28.8B
| $22M | 0.03% |
629,045
-115,744
| -16% | -$4.05M |
|
558
United Therapeutics
UTHR
$17.9B
| $22M | 0.03% |
194,104
+15,752
| +9% | +$1.78M |
|
559
Albemarle
ALB
$8.63B
| $21.9M | 0.03% |
232,684
+1,828
| +0.8% | +$172K |
|
560
Cboe Global Markets
CBOE
$24.5B
| $21.9M | 0.03% |
210,197
-22,714
| -10% | -$2.36M |
|
561
Mercado Libre
MELI
$119B
| $21.8M | 0.03% |
73,028
-12,312
| -14% | -$3.68M |
|
562
Fortune Brands Innovations
FBIN
$7.05B
| $21.8M | 0.03% |
475,637
+21,257
| +5% | +$975K |
|
563
Interpublic Group of Companies
IPG
$9.51B
| $21.8M | 0.03% |
930,494
-205,746
| -18% | -$4.82M |
|
564
Norwegian Cruise Line
NCLH
$11.5B
| $21.8M | 0.03% |
460,577
+49,835
| +12% | +$2.35M |
|
565
Teradyne
TER
$18.7B
| $21.7M | 0.03% |
570,297
+47,273
| +9% | +$1.8M |
|
566
Cheniere Energy
LNG
$52.1B
| $21.7M | 0.03% |
332,500
-90,836
| -21% | -$5.92M |
|
567
Pentair
PNR
$17.9B
| $21.6M | 0.03% |
512,595
-106,312
| -17% | -$4.47M |
|
568
RPM International
RPM
$16B
| $21.3M | 0.03% |
364,449
+47,923
| +15% | +$2.79M |
|
569
Crown Holdings
CCK
$11B
| $21.2M | 0.03% |
474,712
+120,951
| +34% | +$5.41M |
|
570
LKQ Corp
LKQ
$8.26B
| $20.9M | 0.03% |
655,459
-43,173
| -6% | -$1.38M |
|
|
CY
571
DELISTED
Cypress Semiconductor
CY
| $20.8M | 0.03% |
1,336,005
+70,063
| +6% | +$1.09M |
|
572
PTC
PTC
$24.5B
| $20.8M | 0.03% |
221,776
-15,378
| -6% | -$1.44M |
|
573
FMC
FMC
$4.61B
| $20.8M | 0.03% |
268,804
-58,621
| -18% | -$4.54M |
|
574
NNN REIT
NNN
$8.06B
| $20.8M | 0.03% |
472,599
+127,770
| +37% | +$5.62M |
|
575
Liberty Global Class A
LBTYA
$3.93B
| $20.7M | 0.03% |
752,863
+96,762
| +15% | +$2.66M |
|