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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
576
Equitable Holdings
EQH
$16B
| $21.8M | 0.02% |
705,671
-55,872
| -7% | -$1.73M |
|
577
Lamar Advertising Co
LAMR
$13B
| $21.7M | 0.02% |
187,064
-7,158
| -4% | -$832K |
|
578
HEICO Class A
HEI.A
$35.1B
| $21.6M | 0.02% |
170,523
-3,753
| -2% | -$476K |
|
579
EQT Corp
EQT
$32.2B
| $21.6M | 0.02% |
628,424
-8,742
| -1% | -$301K |
|
580
Aecom
ACM
$16.8B
| $21.4M | 0.02% |
278,910
-22,429
| -7% | -$1.72M |
|
581
RPM International
RPM
$16.2B
| $21.3M | 0.02% |
261,909
-8,669
| -3% | -$706K |
|
582
Watsco
WSO
$16.6B
| $21.3M | 0.02% |
69,981
-2,422
| -3% | -$738K |
|
583
Gaming and Leisure Properties
GLPI
$13.7B
| $21.3M | 0.02% |
453,328
-36,627
| -7% | -$1.72M |
|
584
Pultegroup
PHM
$27.7B
| $21.2M | 0.02% |
506,977
-44,776
| -8% | -$1.88M |
|
585
Hasbro
HAS
$11.2B
| $21M | 0.02% |
256,580
-19,815
| -7% | -$1.62M |
|
586
Annaly Capital Management
NLY
$14.2B
| $21M | 0.02% |
745,998
-21,401
| -3% | -$603K |
|
587
Universal Health Services
UHS
$12.1B
| $21M | 0.02% |
144,824
-10,744
| -7% | -$1.56M |
|
588
Elanco Animal Health
ELAN
$9.16B
| $21M | 0.02% |
804,178
-55,274
| -6% | -$1.44M |
|
589
Zions Bancorporation
ZION
$8.34B
| $20.9M | 0.02% |
319,523
-28,929
| -8% | -$1.9M |
|
590
Regal Rexnord
RRX
$9.66B
| $20.9M | 0.02% |
140,759
-6,031
| -4% | -$897K |
|
591
Li Auto
LI
$24B
| $20.8M | 0.02% |
806,578
-51,495
| -6% | -$1.33M |
|
592
Sealed Air
SEE
$4.82B
| $20.7M | 0.02% |
309,594
-14,304
| -4% | -$958K |
|
593
Whirlpool
WHR
$5.28B
| $20.6M | 0.02% |
119,457
-12,442
| -9% | -$2.15M |
|
|
X
594
DELISTED
US Steel
X
| $20.5M | 0.02% |
542,917
-36,709
| -6% | -$1.39M |
|
595
Webster Financial
WBS
$10.3B
| $20.5M | 0.02% |
364,814
+172,765
| +90% | +$9.7M |
|
596
Hubbell
HUBB
$23.2B
| $20.4M | 0.02% |
110,995
-7,066
| -6% | -$1.3M |
|
597
Lucid Motors
LCID
$5.66B
| $20.3M | 0.02% |
+80,047
| New | +$20.3M |
|
598
Fortune Brands Innovations
FBIN
$7.3B
| $20.3M | 0.02% |
319,127
-22,779
| -7% | -$1.45M |
|
599
American Airlines Group
AAL
$8.63B
| $20.2M | 0.02% |
1,104,770
-254,827
| -19% | -$4.65M |
|
600
Dentsply Sirona
XRAY
$2.92B
| $20.1M | 0.02% |
408,481
-49,611
| -11% | -$2.44M |
|