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 | |
|---|---|---|---|---|---|---|
|
SPN
576
DELISTED
Superior Energy Services, Inc.
SPN
| $22M | 0.03% |
1,083,825
-20,100
| -2% | -$408K |
|
577
Incyte
INCY
$16.8B
| $22M | 0.03% |
264,500
+19,200
| +8% | +$1.59M |
|
|
ETFC
578
DELISTED
E*Trade Financial Corporation
ETFC
| $22M | 0.03% |
920,630
-57,200
| -6% | -$1.36M |
|
|
VAL
579
DELISTED
Valspar
VAL
| $21.8M | 0.03% |
253,557
+5,200
| +2% | +$448K |
|
580
Goodyear
GT
$2.44B
| $21.8M | 0.03% |
861,700
+32,100
| +4% | +$811K |
|
581
T-Mobile US
TMUS
$271B
| $21.8M | 0.03% |
710,400
-97,200
| -12% | -$2.98M |
|
582
Arch Capital
ACGL
$33.6B
| $21.7M | 0.03% |
1,089,300
+5,700
| +0.5% | +$114K |
|
583
LKQ Corp
LKQ
$8.26B
| $21.7M | 0.03% |
809,806
+84,800
| +12% | +$2.28M |
|
584
Williams-Sonoma
WSM
$24.5B
| $21.7M | 0.03% |
546,000
-184,278
| -25% | -$7.33M |
|
|
BPL
585
DELISTED
Buckeye Partners, L.P.
BPL
| $21.7M | 0.03% |
281,400
+8,900
| +3% | +$686K |
|
586
JB Hunt Transport Services
JBHT
$13.2B
| $21.7M | 0.03% |
265,200
-5,600
| -2% | -$457K |
|
587
FMC
FMC
$4.61B
| $21.5M | 0.03% |
424,765
| – | – |
|
588
American Financial Group
AFG
$11.4B
| $21.5M | 0.03% |
360,058
+2,700
| +0.8% | +$161K |
|
589
Extra Space Storage
EXR
$30.8B
| $21.3M | 0.03% |
318,514
+14,600
| +5% | +$976K |
|
590
Flex
FLEX
$21.6B
| $21.3M | 0.03% |
2,652,408
-17,118
| -0.6% | -$137K |
|
591
SS&C Technologies
SSNC
$21.6B
| $21.3M | 0.03% |
796,400
+10,000
| +1% | +$267K |
|
592
Navient
NAVI
$1.3B
| $21.2M | 0.03% |
1,071,100
| – | – |
|
593
Jefferies Financial Group
JEF
$13.5B
| $21.1M | 0.03% |
998,813
+167,099
| +20% | +$3.54M |
|
594
Nasdaq
NDAQ
$54.3B
| $21.1M | 0.03% |
1,376,076
-619,893
| -31% | -$9.52M |
|
|
LLTC
595
DELISTED
Linear Technology Corp
LLTC
| $21.1M | 0.03% |
459,100
-2,800
| -0.6% | -$129K |
|
|
SVC
596
Service Properties Trust
SVC
$469M
| $21.1M | 0.03% |
638,367
-345,203
| -35% | -$11.4M |
|
597
United Rentals
URI
$60.6B
| $21M | 0.03% |
236,340
-32,457
| -12% | -$2.88M |
|
598
Graham Holdings Company
GHC
$4.94B
| $20.9M | 0.03% |
37,122
+7,448
| +25% | +$4.2M |
|
599
Cooper Companies
COO
$13.5B
| $20.9M | 0.03% |
514,416
+9,200
| +2% | +$374K |
|
600
Willis Towers Watson
WTW
$32.1B
| $20.8M | 0.03% |
181,771
-4,794
| -3% | -$548K |
|