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 |
IBM
IBM
|
+$170M |
| 2 |
Mondelez International
MDLZ
|
+$92M |
| 3 |
Warner Bros
WBD
|
+$86.5M |
| 4 |
Roper Technologies
ROP
|
+$82.7M |
| 5 |
Keurig Dr Pepper
KDP
|
+$74.1M |
Top Sells
| 1 |
Apple
AAPL
|
+$242M |
| 2 |
Microsoft
MSFT
|
+$207M |
| 3 |
AT&T
T
|
+$206M |
| 4 |
Amazon
AMZN
|
+$198M |
| 5 |
CERN
Cerner Corp
CERN
|
+$180M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
601
Antero Resources
AR
$9.94B
| $16.7M | 0.02% |
545,203
+41,702
| +8% | +$1.28M |
|
602
Organon & Co
OGN
$2.7B
| $16.6M | 0.02% |
492,953
-24,206
| -5% | -$817K |
|
603
Roku
ROKU
$14.3B
| $16.6M | 0.02% |
202,281
-11,021
| -5% | -$905K |
|
604
Lucid Motors
LCID
$5.96B
| $16.6M | 0.02% |
96,606
+16,559
| +21% | +$2.84M |
|
605
Dolby
DLB
$6.93B
| $16.5M | 0.02% |
230,711
+101,508
| +79% | +$7.26M |
|
606
Ares Management
ARES
$38.4B
| $16.5M | 0.02% |
289,357
-4,038
| -1% | -$230K |
|
607
Allegion
ALLE
$14.6B
| $16.4M | 0.02% |
167,839
-11,292
| -6% | -$1.11M |
|
608
Elanco Animal Health
ELAN
$9.32B
| $16.4M | 0.02% |
835,948
+31,770
| +4% | +$624K |
|
609
Lincoln National
LNC
$7.88B
| $16.4M | 0.02% |
349,581
-21,294
| -6% | -$996K |
|
610
Watsco
WSO
$16.3B
| $16.3M | 0.02% |
68,131
-1,850
| -3% | -$442K |
|
611
Lithia Motors
LAD
$8.84B
| $16.1M | 0.02% |
58,729
-3,247
| -5% | -$892K |
|
612
Lamar Advertising Co
LAMR
$12.9B
| $16.1M | 0.02% |
183,334
-3,730
| -2% | -$328K |
|
613
Robert Half
RHI
$3.65B
| $16M | 0.02% |
213,985
-17,872
| -8% | -$1.34M |
|
614
Chemed
CHE
$6.74B
| $16M | 0.02% |
34,131
-22
| -0.1% | -$10.3K |
|
615
Repligen
RGEN
$6.68B
| $15.9M | 0.01% |
97,767
-4,238
| -4% | -$688K |
|
616
Williams-Sonoma
WSM
$24.7B
| $15.9M | 0.01% |
285,902
-20,342
| -7% | -$1.13M |
|
617
Cirrus Logic
CRUS
$5.98B
| $15.8M | 0.01% |
218,436
+89,612
| +70% | +$6.5M |
|
618
Amcor
AMCR
$18.9B
| $15.8M | 0.01% |
1,267,688
| – | – |
|
619
UGI
UGI
$7.36B
| $15.7M | 0.01% |
407,213
-15,484
| -4% | -$598K |
|
620
Pinnacle West Capital
PNW
$10.4B
| $15.7M | 0.01% |
214,710
-6,495
| -3% | -$475K |
|
621
Commerce Bancshares
CBSH
$8.04B
| $15.6M | 0.01% |
275,675
| – | – |
|
|
ZEN
622
DELISTED
ZENDESK INC
ZEN
| $15.6M | 0.01% |
210,504
-2,444
| -1% | -$181K |
|
623
Huazhu Hotels Group
HTHT
$11.4B
| $15.5M | 0.01% |
407,890
-22,017
| -5% | -$839K |
|
624
Toro Company
TTC
$7.71B
| $15.4M | 0.01% |
203,411
-12,060
| -6% | -$914K |
|
625
Regal Rexnord
RRX
$9.45B
| $15.4M | 0.01% |
135,410
-5,349
| -4% | -$607K |
|