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 | |
|---|---|---|---|---|---|---|
601
Crown Holdings
CCK
$11B
| $20.7M | 0.03% |
452,534
-7,600
| -2% | -$347K |
|
|
CODE
602
DELISTED
SPANSION INC, CLASS A COMMON STOCK
CODE
| $20.6M | 0.03% |
559,168
-10,683
| -2% | -$394K |
|
603
NewMarket
NEU
$7.86B
| $20.6M | 0.03% |
47,560
-6,700
| -12% | -$2.9M |
|
|
DST
604
DELISTED
DST Systems Inc.
DST
| $20.6M | 0.03% |
433,786
+8,200
| +2% | +$389K |
|
605
ODP
ODP
$611M
| $20.5M | 0.03% |
259,420
+14,570
| +6% | +$1.15M |
|
|
POM
606
DELISTED
PEPCO HOLDINGS, INC.
POM
| $20.5M | 0.03% |
752,719
+9,600
| +1% | +$262K |
|
607
Acuity Brands
AYI
$10.1B
| $20.4M | 0.03% |
133,170
+3,820
| +3% | +$586K |
|
608
Hormel Foods
HRL
$13.7B
| $20.4M | 0.03% |
770,240
-107,800
| -12% | -$2.85M |
|
609
Nabors Industries
NBR
$619M
| $20.2M | 0.03% |
34,084
+8,591
| +34% | +$5.1M |
|
|
SIVB
610
DELISTED
SVB Financial Group
SIVB
| $20.1M | 0.03% |
172,249
+29,554
| +21% | +$3.44M |
|
|
GAS
611
DELISTED
AGL RESOURCES INC (HOLDING CO)
GAS
| $20.1M | 0.03% |
350,215
-137,600
| -28% | -$7.88M |
|
612
Liberty Media Series C
FWONK
$24.7B
| $20M | 0.03% |
797,295
-282,760
| -26% | -$7.09M |
|
613
NVR
NVR
$23B
| $19.9M | 0.03% |
16,235
-1,995
| -11% | -$2.44M |
|
614
Alkermes
ALKS
$4.45B
| $19.9M | 0.03% |
281,433
-2,069
| -0.7% | -$146K |
|
615
Brinker International
EAT
$6.88B
| $19.8M | 0.03% |
321,710
-99,300
| -24% | -$6.12M |
|
616
Novo Nordisk
NVO
$242B
| $19.8M | 0.03% |
871,696
+46,384
| +6% | +$1.06M |
|
|
FLG
617
Flagstar Financial, Inc.
FLG
$5.24B
| $19.8M | 0.03% |
420,125
+7,100
| +2% | +$335K |
|
618
IDEX
IEX
$12.1B
| $19.8M | 0.03% |
272,500
-85,700
| -24% | -$6.22M |
|
619
Hologic
HOLX
$14.6B
| $19.7M | 0.03% |
665,900
-44,335
| -6% | -$1.31M |
|
620
Spirit AeroSystems
SPR
$4.76B
| $19.6M | 0.03% |
443,200
-130,800
| -23% | -$5.8M |
|
|
FRC
621
DELISTED
First Republic Bank
FRC
| $19.6M | 0.03% |
381,000
+12,800
| +3% | +$660K |
|
622
Range Resources
RRC
$8.3B
| $19.6M | 0.03% |
398,349
-79,900
| -17% | -$3.94M |
|
|
IHS
623
DELISTED
IHS INC CL-A COM STK
IHS
| $19.6M | 0.03% |
171,771
+52,600
| +44% | +$6M |
|
624
TripAdvisor
TRIP
$2.06B
| $19.6M | 0.03% |
282,975
+2,249
| +0.8% | +$155K |
|
|
Y
625
DELISTED
Alleghany Corporation
Y
| $19.5M | 0.03% |
42,900
+400
| +0.9% | +$182K |
|