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 |
SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
Alibaba
BABA
|
+$274M |
| 3 |
Verizon
VZ
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Amazon
AMZN
|
+$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
+$185M |
| 2 |
CELG
Celgene Corp
CELG
|
+$168M |
| 3 |
Procter & Gamble
PG
|
+$121M |
| 4 |
Honeywell
HON
|
+$109M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
601
Zions Bancorporation
ZION
$8.56B
| $20.6M | 0.02% |
396,116
-46,910
| -11% | -$2.44M |
|
602
Newell Brands
NWL
$2.54B
| $20.5M | 0.02% |
1,068,411
+361,349
| +51% | +$6.95M |
|
603
Lear
LEA
$5.76B
| $20.5M | 0.02% |
149,395
-17,313
| -10% | -$2.38M |
|
604
Hexcel
HXL
$4.93B
| $20.4M | 0.02% |
278,724
+78,440
| +39% | +$5.75M |
|
605
US Foods
USFD
$17.5B
| $20.4M | 0.02% |
486,094
+15,400
| +3% | +$645K |
|
606
Graco
GGG
$14.1B
| $20.3M | 0.02% |
391,013
+806
| +0.2% | +$41.9K |
|
607
Liberty Media Series C
FWONK
$24.7B
| $20.1M | 0.02% |
452,729
+59,912
| +15% | +$2.66M |
|
608
HF Sinclair
DINO
$9.57B
| $20.1M | 0.02% |
396,470
+34,671
| +10% | +$1.76M |
|
609
Kimco Realty
KIM
$15.1B
| $20.1M | 0.02% |
970,778
-163,741
| -14% | -$3.39M |
|
610
SEI Investments
SEIC
$10.7B
| $20M | 0.02% |
305,838
+6,491
| +2% | +$425K |
|
611
BorgWarner
BWA
$9.34B
| $20M | 0.02% |
524,039
+20,158
| +4% | +$770K |
|
612
Kilroy Realty
KRC
$4.98B
| $20M | 0.02% |
238,294
-4,714
| -2% | -$396K |
|
613
Alaska Air
ALK
$7.22B
| $19.9M | 0.02% |
294,149
-33,840
| -10% | -$2.29M |
|
614
Toro Company
TTC
$7.68B
| $19.9M | 0.02% |
249,916
+1,748
| +0.7% | +$139K |
|
615
Molina Healthcare
MOH
$9.71B
| $19.9M | 0.02% |
146,515
+15,092
| +11% | +$2.05M |
|
616
Essent Group
ESNT
$6.24B
| $19.8M | 0.02% |
381,654
+150,070
| +65% | +$7.8M |
|
617
Jazz Pharmaceuticals
JAZZ
$7.7B
| $19.8M | 0.02% |
132,886
+14,560
| +12% | +$2.17M |
|
618
Pool Corp
POOL
$11.9B
| $19.8M | 0.02% |
93,310
-9,207
| -9% | -$1.96M |
|
619
NOV
NOV
$4.85B
| $19.8M | 0.02% |
790,570
-51,471
| -6% | -$1.29M |
|
620
NovoCure
NVCR
$1.37B
| $19.7M | 0.02% |
233,282
+43,710
| +23% | +$3.68M |
|
621
Kemper
KMPR
$3.32B
| $19.6M | 0.02% |
252,491
+108,829
| +76% | +$8.43M |
|
622
Bio-Techne
TECH
$7.93B
| $19.5M | 0.02% |
355,172
+15,304
| +5% | +$840K |
|
623
Service Corp International
SCI
$11B
| $19.4M | 0.02% |
422,343
-37,015
| -8% | -$1.7M |
|
624
Apollo Global Management
APO
$76.4B
| $19.3M | 0.02% |
403,972
+224,473
| +125% | +$10.7M |
|
625
Lennox International
LII
$19.6B
| $19.2M | 0.02% |
78,747
-2,047
| -3% | -$499K |
|