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 | |
|---|---|---|---|---|---|---|
|
HNT
626
DELISTED
HEALTH NET INC
HNT
| $19.5M | 0.03% |
347,300
-59,500
| -15% | -$3.34M |
|
627
Under Armour
UAA
$2.14B
| $19.5M | 0.03% |
544,780
-266,927
| -33% | -$9.54M |
|
|
CDK
628
DELISTED
CDK Global, Inc.
CDK
| $19.5M | 0.03% |
+420,988
| New | +$19.5M |
|
629
Southern Copper
SCCO
$82.9B
| $19.4M | 0.03% |
756,687
+6,405
| +0.9% | +$165K |
|
630
Teradata
TDC
$1.99B
| $19.4M | 0.03% |
429,300
+4,600
| +1% | +$208K |
|
631
Xylem
XYL
$33.5B
| $19.4M | 0.03% |
558,000
-16,100
| -3% | -$559K |
|
632
Arrow Electronics
ARW
$6.54B
| $19.4M | 0.03% |
343,865
+10,400
| +3% | +$586K |
|
633
CNX Resources
CNX
$4.14B
| $19.3M | 0.03% |
754,735
+67,320
| +10% | +$1.72M |
|
634
Steel Dynamics
STLD
$19.5B
| $19.3M | 0.03% |
1,091,300
-97,300
| -8% | -$1.72M |
|
635
OGE Energy
OGE
$8.85B
| $19.1M | 0.03% |
528,500
+10,400
| +2% | +$376K |
|
|
TW
636
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $19.1M | 0.03% |
159,738
-3,100
| -2% | -$370K |
|
637
Synopsys
SNPS
$71.8B
| $19M | 0.03% |
435,460
-3,100
| -0.7% | -$135K |
|
638
Trimble
TRMB
$19.1B
| $19M | 0.03% |
757,482
-62,200
| -8% | -$1.56M |
|
639
Old Dominion Freight Line
ODFL
$30.7B
| $19M | 0.03% |
775,380
+39,900
| +5% | +$976K |
|
|
ARG
640
DELISTED
AIRGAS INC
ARG
| $18.9M | 0.03% |
166,577
-40,800
| -20% | -$4.63M |
|
641
Oneok
OKE
$46.2B
| $18.9M | 0.03% |
422,108
-25,654
| -6% | -$1.15M |
|
|
WBC
642
DELISTED
WABCO HOLDINGS INC.
WBC
| $18.8M | 0.03% |
191,300
+3,300
| +2% | +$325K |
|
643
Global Payments
GPN
$20.6B
| $18.8M | 0.03% |
427,400
+16,200
| +4% | +$713K |
|
644
Ionis Pharmaceuticals
IONS
$10.2B
| $18.6M | 0.03% |
256,800
| – | – |
|
645
MGM Resorts International
MGM
$9.79B
| $18.6M | 0.03% |
891,045
-50,700
| -5% | -$1.06M |
|
|
CVD
646
DELISTED
COVANCE INC.
CVD
| $18.6M | 0.03% |
174,200
-21,200
| -11% | -$2.26M |
|
|
WIN
647
DELISTED
Windstream Holdings Inc
WIN
| $18.5M | 0.03% |
289,090
-42,049
| -13% | -$2.69M |
|
648
PTC
PTC
$24.5B
| $18.5M | 0.03% |
539,700
+9,500
| +2% | +$326K |
|
|
DRE
649
DELISTED
Duke Realty Corp.
DRE
| $18.5M | 0.03% |
819,442
+17,600
| +2% | +$397K |
|
|
PL
650
DELISTED
PROTECTIVE LIFE CORP
PL
| $18.5M | 0.03% |
264,128
+500
| +0.2% | +$35K |
|