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 |
Apollo Global Management
APO
|
+$635M |
| 2 |
Verizon
VZ
|
+$198M |
| 3 |
EOG Resources
EOG
|
+$105M |
| 4 |
Perrigo
PRGO
|
+$46M |
| 5 |
Meta Platforms (Facebook)
META
|
+$40.8M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$35.3M |
| 3 |
Vodafone
VOD
|
+$31.5M |
| 4 |
Voya Financial
VOYA
|
+$30.5M |
| 5 |
Walmart
WMT
|
+$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.09% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
601
Quanta Services
PWR
$58.1B
| $21M | 0.03% |
587,600
+12,000
| +2% | +$429K |
|
602
Zions Bancorporation
ZION
$8.56B
| $20.8M | 0.03% |
682,439
-108,056
| -14% | -$3.3M |
|
|
NE
603
DELISTED
Noble Corporation
NE
| $20.8M | 0.03% |
761,011
-20,134
| -3% | -$551K |
|
604
ManpowerGroup
MAN
$1.75B
| $20.8M | 0.03% |
271,550
-17,500
| -6% | -$1.34M |
|
605
Under Armour
UAA
$2.14B
| $20.7M | 0.03% |
788,957
+484,411
| +159% | +$12.7M |
|
|
SHPG
606
DELISTED
Shire pic
SHPG
| $20.7M | 0.03% |
142,685
| – | – |
|
607
Trip.com Group
TCOM
$47.4B
| $20.6M | 0.03% |
744,000
-8,600
| -1% | -$239K |
|
608
Equifax
EFX
$30.3B
| $20.6M | 0.03% |
307,824
+6,300
| +2% | +$422K |
|
|
VAL
609
DELISTED
Valspar
VAL
| $20.6M | 0.03% |
287,457
+3,300
| +1% | +$236K |
|
|
KMR
610
DELISTED
KINDER MORGAN MANAGEMENT LLC
KMR
| $20.5M | 0.03% |
294,649
-73,897
| -20% | -$5.13M |
|
611
BioMarin Pharmaceuticals
BMRN
$10.5B
| $20.4M | 0.03% |
323,465
+12,265
| +4% | +$774K |
|
612
Rayonier
RYN
$4.04B
| $20.3M | 0.03% |
632,388
+162,248
| +35% | +$5.22M |
|
613
Mettler-Toledo International
MTD
$25.8B
| $20.3M | 0.03% |
87,399
+1,500
| +2% | +$349K |
|
614
Lincoln Electric
LECO
$13.4B
| $20.3M | 0.03% |
293,300
+33,000
| +13% | +$2.28M |
|
615
Markel Group
MKL
$24.3B
| $20.3M | 0.03% |
33,926
-1,008
| -3% | -$602K |
|
616
MDU Resources
MDU
$3.36B
| $20.3M | 0.03% |
1,537,210
-40,237
| -3% | -$530K |
|
617
Signet Jewelers
SIG
$3.75B
| $20.2M | 0.03% |
194,300
+30,699
| +19% | +$3.19M |
|
|
S
618
DELISTED
Sprint Corporation
S
| $20.2M | 0.03% |
2,317,697
-250,200
| -10% | -$2.18M |
|
619
International Flavors & Fragrances
IFF
$16.5B
| $20.2M | 0.03% |
216,900
+7,362
| +4% | +$685K |
|
620
Santander
BSBR
$40B
| $20.1M | 0.03% |
3,694,776
+344,698
| +10% | +$1.88M |
|
|
DST
621
DELISTED
DST Systems Inc.
DST
| $20M | 0.03% |
426,786
+6,000
| +1% | +$282K |
|
|
LXK
622
DELISTED
Lexmark Intl Inc
LXK
| $20M | 0.03% |
430,574
-6,200
| -1% | -$288K |
|
623
Arrow Electronics
ARW
$6.54B
| $20M | 0.03% |
338,365
-38,100
| -10% | -$2.25M |
|
624
Jefferies Financial Group
JEF
$13.5B
| $20M | 0.03% |
845,377
+19,327
| +2% | +$456K |
|
625
Idexx Laboratories
IDXX
$51B
| $19.9M | 0.03% |
329,482
+13,200
| +4% | +$798K |
|