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 | |
|---|---|---|---|---|---|---|
626
Federal Realty Investment Trust
FRT
$8.78B
| $15.4M | 0.01% |
160,545
-3,350
| -2% | -$321K |
|
627
Zions Bancorporation
ZION
$8.42B
| $15.3M | 0.01% |
301,368
-18,155
| -6% | -$924K |
|
|
ACC
628
DELISTED
American Campus Communities, Inc.
ACC
| $15.3M | 0.01% |
237,656
-49,483
| -17% | -$3.19M |
|
629
BorgWarner
BWA
$9.61B
| $15.3M | 0.01% |
521,198
-35,703
| -6% | -$1.05M |
|
630
Lear
LEA
$6B
| $15.3M | 0.01% |
121,396
-5,543
| -4% | -$698K |
|
631
Tapestry
TPR
$21.8B
| $15M | 0.01% |
491,858
-35,267
| -7% | -$1.08M |
|
632
Fortune Brands Innovations
FBIN
$7.29B
| $15M | 0.01% |
293,122
-26,005
| -8% | -$1.33M |
|
633
Owens Corning
OC
$13B
| $14.9M | 0.01% |
200,633
-12,197
| -6% | -$906K |
|
|
NLSN
634
DELISTED
Nielsen Holdings plc
NLSN
| $14.9M | 0.01% |
641,907
-44,297
| -6% | -$1.03M |
|
635
American Airlines Group
AAL
$8.54B
| $14.9M | 0.01% |
1,173,098
+68,328
| +6% | +$866K |
|
636
Mattel
MAT
$5.96B
| $14.9M | 0.01% |
665,249
-25,828
| -4% | -$577K |
|
637
Cable One
CABO
$922M
| $14.8M | 0.01% |
11,513
| – | – |
|
638
NNN REIT
NNN
$8.12B
| $14.8M | 0.01% |
344,193
-16,045
| -4% | -$690K |
|
639
Churchill Downs
CHDN
$7.01B
| $14.8M | 0.01% |
154,032
-3,774
| -2% | -$361K |
|
640
Tetra Tech
TTEK
$9.38B
| $14.7M | 0.01% |
538,910
-21,045
| -4% | -$575K |
|
641
Dynatrace
DT
$15.1B
| $14.7M | 0.01% |
373,157
-21,064
| -5% | -$831K |
|
642
Americold
COLD
$3.85B
| $14.7M | 0.01% |
488,363
+21,555
| +5% | +$647K |
|
643
Webster Financial
WBS
$10.3B
| $14.5M | 0.01% |
344,486
-20,328
| -6% | -$857K |
|
644
Royal Caribbean
RCL
$95.4B
| $14.5M | 0.01% |
414,382
-16,851
| -4% | -$588K |
|
645
Cleveland-Cliffs
CLF
$5.45B
| $14.4M | 0.01% |
939,089
+24,490
| +3% | +$376K |
|
646
Genpact
G
$7.71B
| $14.4M | 0.01% |
340,638
-27,573
| -7% | -$1.17M |
|
647
Carnival Corp
CCL
$42.8B
| $14.4M | 0.01% |
1,666,203
-32,204
| -2% | -$279K |
|
648
Western Alliance Bancorporation
WAL
$9.86B
| $14.4M | 0.01% |
203,733
-274
| -0.1% | -$19.3K |
|
649
OGE Energy
OGE
$8.75B
| $14.4M | 0.01% |
372,321
-18,679
| -5% | -$720K |
|
650
Plug Power
PLUG
$1.66B
| $14.3M | 0.01% |
865,701
-49,152
| -5% | -$814K |
|