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 | |
|---|---|---|---|---|---|---|
651
Pitney Bowes
PBI
$1.96B
| $18.5M | 0.03% |
761,412
-412,531
| -35% | -$10M |
|
|
AOL
652
DELISTED
AOL INC COMMON STOCK
AOL
| $18.4M | 0.03% |
382,140
| – | – |
|
|
HUB.B
653
DELISTED
HUBBELL INC CL-B
HUB.B
| $18.3M | 0.03% |
171,001
-27,000
| -14% | -$2.88M |
|
654
Trip.com Group
TCOM
$47.4B
| $18.2M | 0.03% |
738,800
+6,000
| +0.8% | +$148K |
|
655
Mid-America Apartment Communities
MAA
$16.6B
| $18M | 0.02% |
218,742
+3,100
| +1% | +$256K |
|
656
Alexandria Real Estate Equities
ARE
$14.3B
| $17.9M | 0.02% |
180,655
+7,700
| +4% | +$765K |
|
657
Terex
TEX
$3.45B
| $17.9M | 0.02% |
798,400
-103,621
| -11% | -$2.33M |
|
658
Service Corp International
SCI
$11B
| $17.9M | 0.02% |
774,325
+22,500
| +3% | +$521K |
|
659
SITE Centers
SITC
$468M
| $17.9M | 0.02% |
695,663
+287,675
| +71% | +$7.4M |
|
|
ALTR
660
DELISTED
ALTERA CORP
ALTR
| $17.9M | 0.02% |
532,666
-262,900
| -33% | -$8.83M |
|
661
Lincoln Electric
LECO
$13.4B
| $17.9M | 0.02% |
265,900
+700
| +0.3% | +$47K |
|
662
Waste Connections
WCN
$45.3B
| $17.8M | 0.02% |
604,905
+1,650
| +0.3% | +$48.6K |
|
663
Sensata Technologies
ST
$4.59B
| $17.8M | 0.02% |
355,400
+13,200
| +4% | +$662K |
|
|
ADT
664
DELISTED
ADT CORP
ADT
| $17.8M | 0.02% |
526,890
-32,368
| -6% | -$1.09M |
|
|
NPSP
665
DELISTED
NPS PHARMACEUTICALS INC
NPSP
| $17.8M | 0.02% |
387,600
+32,078
| +9% | +$1.47M |
|
666
Lazard
LAZ
$5.25B
| $17.6M | 0.02% |
368,700
-95,966
| -21% | -$4.58M |
|
|
ITC
667
DELISTED
ITC HOLDINGS CORP
ITC
| $17.5M | 0.02% |
405,200
-4,300
| -1% | -$186K |
|
|
OKS
668
DELISTED
Oneok Partners LP
OKS
| $17.4M | 0.02% |
404,600
+8,800
| +2% | +$379K |
|
|
DO
669
DELISTED
Diamond Offshore Drilling
DO
| $17.3M | 0.02% |
505,870
+199,776
| +65% | +$6.85M |
|
|
WR
670
DELISTED
Westar Energy Inc
WR
| $17.3M | 0.02% |
397,300
+15,900
| +4% | +$691K |
|
671
Globe Life
GL
$11.3B
| $17.2M | 0.02% |
335,833
-31,650
| -9% | -$1.62M |
|
672
ManpowerGroup
MAN
$1.75B
| $17.2M | 0.02% |
258,050
+5,000
| +2% | +$334K |
|
673
Albemarle
ALB
$8.63B
| $17.2M | 0.02% |
305,145
+86,593
| +40% | +$4.88M |
|
|
CST
674
DELISTED
CST Brands, Inc.
CST
| $17.1M | 0.02% |
387,331
+123,200
| +47% | +$5.45M |
|
675
Middleby
MIDD
$6.99B
| $17.1M | 0.02% |
177,425
+500
| +0.3% | +$48.2K |
|