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 |
IBM
IBM
|
+$170M |
| 2 |
Mondelez International
MDLZ
|
+$92M |
| 3 |
Warner Bros
WBD
|
+$86.5M |
| 4 |
Roper Technologies
ROP
|
+$82.7M |
| 5 |
Keurig Dr Pepper
KDP
|
+$74.1M |
Top Sells
| 1 |
Apple
AAPL
|
+$242M |
| 2 |
Microsoft
MSFT
|
+$207M |
| 3 |
AT&T
T
|
+$206M |
| 4 |
Amazon
AMZN
|
+$198M |
| 5 |
CERN
Cerner Corp
CERN
|
+$180M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
551
American Financial Group
AFG
$11.5B
| $19.9M | 0.02% |
143,474
-7,494
| -5% | -$1.04M |
|
|
CHNG
552
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $19.8M | 0.02% |
860,682
+430,732
| +100% | +$9.93M |
|
553
Pinterest
PINS
$24.8B
| $19.8M | 0.02% |
1,089,063
-34,311
| -3% | -$623K |
|
554
Comerica
CMA
$8.88B
| $19.7M | 0.02% |
268,459
-10,061
| -4% | -$738K |
|
|
WRK
555
DELISTED
WestRock Company
WRK
| $19.6M | 0.02% |
492,839
-29,677
| -6% | -$1.18M |
|
556
Molson Coors Class B
TAP
$9.78B
| $19.6M | 0.02% |
358,656
-17,056
| -5% | -$930K |
|
|
AZPN
557
DELISTED
Aspen Technology Inc
AZPN
| $19.5M | 0.02% |
+106,286
| New | +$19.5M |
|
558
RPM International
RPM
$16.1B
| $19.5M | 0.02% |
247,451
-14,458
| -6% | -$1.14M |
|
559
Jones Lang LaSalle
JLL
$14.5B
| $19.4M | 0.02% |
110,904
-2,458
| -2% | -$430K |
|
560
Fidelity National Financial
FNF
$16.3B
| $19.3M | 0.02% |
543,938
-26,673
| -5% | -$948K |
|
561
Okta
OKTA
$16.5B
| $19.3M | 0.02% |
213,286
-38,263
| -15% | -$3.46M |
|
|
Y
562
DELISTED
Alleghany Corporation
Y
| $19.3M | 0.02% |
23,110
-6,552
| -22% | -$5.46M |
|
563
Essential Utilities
WTRG
$10.7B
| $19.2M | 0.02% |
419,464
-21,448
| -5% | -$983K |
|
564
Hubbell
HUBB
$23.2B
| $19.2M | 0.02% |
107,628
-3,367
| -3% | -$601K |
|
565
Fox Class A
FOXA
$26.1B
| $19.2M | 0.02% |
597,490
-38,623
| -6% | -$1.24M |
|
566
Builders FirstSource
BLDR
$15.5B
| $19.1M | 0.02% |
356,235
-33,524
| -9% | -$1.8M |
|
567
Graco
GGG
$14B
| $19M | 0.02% |
320,153
-18,447
| -5% | -$1.1M |
|
568
Darling Ingredients
DAR
$5.01B
| $19M | 0.02% |
317,418
-15,263
| -5% | -$913K |
|
569
Jazz Pharmaceuticals
JAZZ
$7.8B
| $18.9M | 0.02% |
120,913
-6,185
| -5% | -$965K |
|
570
Pultegroup
PHM
$27B
| $18.7M | 0.02% |
470,863
-36,114
| -7% | -$1.43M |
|
|
LSI
571
DELISTED
Life Storage, Inc.
LSI
| $18.7M | 0.02% |
167,031
-2,802
| -2% | -$313K |
|
572
Globe Life
GL
$11.4B
| $18.5M | 0.02% |
189,618
-7,553
| -4% | -$736K |
|
573
American Homes 4 Rent
AMH
$12.8B
| $18.5M | 0.02% |
520,836
-29,675
| -5% | -$1.05M |
|
574
Flowers Foods
FLO
$3.13B
| $18.3M | 0.02% |
693,444
+318,053
| +85% | +$8.37M |
|
575
NRG Energy
NRG
$29.5B
| $18.2M | 0.02% |
477,140
-19,075
| -4% | -$728K |
|