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 | |
|---|---|---|---|---|---|---|
601
Molson Coors Class B
TAP
$9.96B
| $20.1M | 0.02% |
375,712
-22,664
| -6% | -$1.21M |
|
602
Federal Realty Investment Trust
FRT
$8.86B
| $20M | 0.02% |
163,895
-6,792
| -4% | -$829K |
|
603
Globe Life
GL
$11.3B
| $19.8M | 0.02% |
197,171
-13,689
| -6% | -$1.38M |
|
604
Jazz Pharmaceuticals
JAZZ
$7.86B
| $19.8M | 0.02% |
127,098
-6,537
| -5% | -$1.02M |
|
605
Coca-Cola Europacific Partners
CCEP
$40.4B
| $19.8M | 0.02% |
406,561
-22,500
| -5% | -$1.09M |
|
606
Allegion
ALLE
$14.8B
| $19.7M | 0.02% |
179,131
-11,304
| -6% | -$1.24M |
|
607
Kilroy Realty
KRC
$5.05B
| $19.6M | 0.02% |
257,034
-13,981
| -5% | -$1.07M |
|
608
BJs Wholesale Club
BJ
$12.8B
| $19.6M | 0.02% |
290,325
-13,970
| -5% | -$945K |
|
609
Tapestry
TPR
$21.7B
| $19.6M | 0.02% |
527,125
-77,159
| -13% | -$2.87M |
|
610
Lyft
LYFT
$6.91B
| $19.5M | 0.02% |
508,875
-100,621
| -17% | -$3.86M |
|
611
Teladoc Health
TDOC
$1.38B
| $19.5M | 0.02% |
270,855
-20,470
| -7% | -$1.48M |
|
612
Owens Corning
OC
$13B
| $19.5M | 0.02% |
212,830
-14,044
| -6% | -$1.29M |
|
|
EXE
613
Expand Energy Corporation Common Stock
EXE
$22.7B
| $19.4M | 0.02% |
223,462
+1,203
| +0.5% | +$105K |
|
614
Repligen
RGEN
$7.01B
| $19.2M | 0.01% |
102,005
-16,944
| -14% | -$3.19M |
|
615
Tenet Healthcare
THC
$17.3B
| $19.1M | 0.01% |
222,437
-11,411
| -5% | -$981K |
|
616
Pure Storage
PSTG
$25.9B
| $19.1M | 0.01% |
541,155
-11,189
| -2% | -$395K |
|
617
AMC Entertainment Holdings
AMC
$1.41B
| $19.1M | 0.01% |
77,539
+15,599
| +25% | +$3.84M |
|
618
AGCO
AGCO
$8.28B
| $19.1M | 0.01% |
130,644
-9,536
| -7% | -$1.39M |
|
619
BorgWarner
BWA
$9.53B
| $19.1M | 0.01% |
556,901
-36,356
| -6% | -$1.24M |
|
620
NRG Energy
NRG
$28.6B
| $19M | 0.01% |
496,215
-40,388
| -8% | -$1.55M |
|
621
Royal Gold
RGLD
$12.2B
| $18.7M | 0.01% |
132,616
-6,606
| -5% | -$933K |
|
|
NLSN
622
DELISTED
Nielsen Holdings plc
NLSN
| $18.7M | 0.01% |
686,204
-94,282
| -12% | -$2.57M |
|
623
Manhattan Associates
MANH
$13B
| $18.6M | 0.01% |
134,410
-6,979
| -5% | -$968K |
|
624
Lithia Motors
LAD
$8.74B
| $18.6M | 0.01% |
61,976
| – | – |
|
625
Axon Enterprise
AXON
$57.2B
| $18.6M | 0.01% |
135,001
-2,866
| -2% | -$395K |
|