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 |
Walt Disney
DIS
|
+$134M |
| 2 |
PepsiCo
PEP
|
+$132M |
| 3 |
Coca-Cola
KO
|
+$126M |
| 4 |
Procter & Gamble
PG
|
+$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$315M |
| 2 |
Mastercard
MA
|
+$267M |
| 3 |
Apple
AAPL
|
+$221M |
| 4 |
RTN
Raytheon Company
RTN
|
+$149M |
| 5 |
Northrop Grumman
NOC
|
+$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
626
New Oriental
EDU
$9.04B
| $15.1M | 0.02% |
167,765
-8,157
| -5% | -$735K |
|
627
Harley-Davidson
HOG
$3.65B
| $15M | 0.02% |
421,383
-51,191
| -11% | -$1.83M |
|
628
Teradyne
TER
$18.7B
| $15M | 0.02% |
376,776
-62,407
| -14% | -$2.49M |
|
|
FL
629
DELISTED
Foot Locker
FL
| $15M | 0.02% |
247,401
-21,817
| -8% | -$1.32M |
|
630
Kilroy Realty
KRC
$4.98B
| $14.9M | 0.02% |
196,258
+16,362
| +9% | +$1.24M |
|
631
Jefferies Financial Group
JEF
$13.5B
| $14.8M | 0.02% |
881,897
+85,901
| +11% | +$1.44M |
|
632
Trip.com Group
TCOM
$47.4B
| $14.8M | 0.02% |
339,035
-103,608
| -23% | -$4.53M |
|
633
EQT Corp
EQT
$31.9B
| $14.8M | 0.02% |
712,083
-45,976
| -6% | -$954K |
|
|
JWN
634
DELISTED
Nordstrom
JWN
| $14.7M | 0.02% |
331,678
-132,863
| -29% | -$5.9M |
|
635
AGCO
AGCO
$8.02B
| $14.7M | 0.02% |
211,636
-8,709
| -4% | -$606K |
|
636
ON Semiconductor
ON
$19.7B
| $14.7M | 0.02% |
714,915
-109,917
| -13% | -$2.26M |
|
637
Pool Corp
POOL
$11.9B
| $14.7M | 0.02% |
88,999
-4,654
| -5% | -$768K |
|
638
Avnet
AVT
$4.5B
| $14.7M | 0.02% |
338,499
-25,122
| -7% | -$1.09M |
|
639
Icon
ICLR
$12.9B
| $14.7M | 0.02% |
107,271
-777
| -0.7% | -$106K |
|
640
Teradata
TDC
$1.99B
| $14.6M | 0.02% |
333,961
-62,995
| -16% | -$2.75M |
|
641
MDU Resources
MDU
$3.36B
| $14.6M | 0.02% |
1,483,132
+94,074
| +7% | +$924K |
|
642
Wabtec
WAB
$32.4B
| $14.5M | 0.02% |
197,088
+15,649
| +9% | +$1.15M |
|
643
Sarepta Therapeutics
SRPT
$1.8B
| $14.5M | 0.02% |
121,420
-3,756
| -3% | -$448K |
|
644
Gaming and Leisure Properties
GLPI
$13.6B
| $14.4M | 0.02% |
374,435
+20,672
| +6% | +$797K |
|
645
LKQ Corp
LKQ
$8.26B
| $14.4M | 0.02% |
508,072
-72,579
| -12% | -$2.06M |
|
646
Toro Company
TTC
$7.68B
| $14.4M | 0.02% |
209,427
-2,994
| -1% | -$206K |
|
647
AXIS Capital
AXS
$7.59B
| $14.4M | 0.02% |
262,013
-25,152
| -9% | -$1.38M |
|
648
Hanover Insurance
THG
$6.37B
| $14.3M | 0.02% |
125,389
-8,160
| -6% | -$932K |
|
|
MNDT
649
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $14.3M | 0.02% |
850,800
-14,400
| -2% | -$242K |
|
650
Wayfair
W
$11.3B
| $14.3M | 0.02% |
96,189
-2,581
| -3% | -$383K |
|