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 | |
|---|---|---|---|---|---|---|
551
Plains All American Pipeline
PAA
$12.2B
| $19.3M | 0.02% |
789,201
-24,620
| -3% | -$603K |
|
552
United Rentals
URI
$60.8B
| $19.2M | 0.02% |
167,763
-12,226
| -7% | -$1.4M |
|
553
Zebra Technologies
ZBRA
$15.6B
| $19M | 0.02% |
90,851
-1,529
| -2% | -$320K |
|
554
DexCom
DXCM
$29.8B
| $18.9M | 0.02% |
635,964
+15,300
| +2% | +$456K |
|
555
Allison Transmission
ALSN
$7.41B
| $18.7M | 0.02% |
417,202
-11,965
| -3% | -$537K |
|
556
Pultegroup
PHM
$26.7B
| $18.7M | 0.02% |
669,785
-122,549
| -15% | -$3.43M |
|
557
Lamar Advertising Co
LAMR
$12.8B
| $18.7M | 0.02% |
235,360
-1,516
| -0.6% | -$120K |
|
558
PG&E
PCG
$33.5B
| $18.5M | 0.02% |
1,039,360
-758,262
| -42% | -$13.5M |
|
559
Fortune Brands Innovations
FBIN
$7.05B
| $18.4M | 0.02% |
452,072
-11,931
| -3% | -$486K |
|
560
Helmerich & Payne
HP
$2.07B
| $18.4M | 0.02% |
331,083
-25,753
| -7% | -$1.43M |
|
561
AerCap
AER
$21.7B
| $18.3M | 0.02% |
393,387
-10,940
| -3% | -$509K |
|
562
Marvell Technology
MRVL
$57.8B
| $18.2M | 0.02% |
915,669
-377,188
| -29% | -$7.5M |
|
563
United Therapeutics
UTHR
$17.9B
| $18.1M | 0.02% |
153,948
-13,171
| -8% | -$1.55M |
|
564
Crown Holdings
CCK
$11B
| $17.9M | 0.02% |
328,687
-9,478
| -3% | -$517K |
|
565
Vail Resorts
MTN
$5.37B
| $17.9M | 0.02% |
82,418
-131,659
| -62% | -$28.6M |
|
566
Graco
GGG
$14.1B
| $17.9M | 0.02% |
361,332
-5,104
| -1% | -$253K |
|
|
XEC
567
DELISTED
CIMAREX ENERGY CO
XEC
| $17.9M | 0.02% |
255,720
+11,380
| +5% | +$795K |
|
568
iShares Core MSCI Emerging Markets ETF
IEMG
$105B
| $17.6M | 0.02% |
340,683
-89
| -0% | -$4.6K |
|
569
Vistra
VST
$70.9B
| $17.6M | 0.02% |
676,506
+13,629
| +2% | +$355K |
|
570
Factset
FDS
$13.7B
| $17.6M | 0.02% |
70,698
-3,083
| -4% | -$765K |
|
571
Live Nation Entertainment
LYV
$39.6B
| $17.5M | 0.02% |
275,941
-22,987
| -8% | -$1.46M |
|
572
NetEase
NTES
$92.3B
| $17.5M | 0.02% |
362,500
-62,445
| -15% | -$3.02M |
|
573
Assured Guaranty
AGO
$3.89B
| $17.5M | 0.02% |
393,722
-41,392
| -10% | -$1.84M |
|
|
VIAB
574
DELISTED
Viacom Inc. Class B
VIAB
| $17.4M | 0.02% |
619,268
-922,149
| -60% | -$25.9M |
|
575
Hubbell
HUBB
$23.5B
| $17.4M | 0.02% |
147,149
-318
| -0.2% | -$37.5K |
|