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 |
AT&T
T
|
+$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$146M |
| 3 |
PepsiCo
PEP
|
+$65.1M |
| 4 |
Coca-Cola
KO
|
+$62.7M |
| 5 |
Pfizer
PFE
|
+$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$164M |
| 4 |
Microsoft
MSFT
|
+$135M |
| 5 |
Amazon
AMZN
|
+$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
676
Jefferies Financial Group
JEF
$13.5B
| $15.6M | 0.02% |
766,564
-135,951
| -15% | -$2.77M |
|
|
GRUB
677
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $15.6M | 0.02% |
74,341
-8,174
| -10% | -$1.72M |
|
678
Vistra
VST
$70.9B
| $15.6M | 0.02% |
657,360
+62,338
| +10% | +$1.47M |
|
|
HRC
679
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $15.5M | 0.02% |
177,972
+5,501
| +3% | +$480K |
|
680
Ares Capital
ARCC
$15.8B
| $15.5M | 0.02% |
940,813
+85,700
| +10% | +$1.41M |
|
681
Bio-Rad Laboratories Class A
BIO
$7.49B
| $15.4M | 0.02% |
53,249
+1,450
| +3% | +$418K |
|
682
Waste Connections
WCN
$45.3B
| $15.3M | 0.02% |
+203,545
| New | +$15.3M |
|
|
VER
683
DELISTED
VEREIT, Inc.
VER
| $15.3M | 0.02% |
411,847
-77,639
| -16% | -$2.89M |
|
684
Toro Company
TTC
$7.68B
| $15.3M | 0.02% |
253,816
-17,118
| -6% | -$1.03M |
|
|
ACC
685
DELISTED
American Campus Communities, Inc.
ACC
| $15.2M | 0.02% |
355,387
+33,738
| +10% | +$1.45M |
|
686
Transocean
RIG
$3.06B
| $15.2M | 0.02% |
1,133,813
-425,508
| -27% | -$5.72M |
|
687
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$30.7B
| $15.2M | 0.02% |
132,844
+97,827
| +279% | +$11.2M |
|
688
Autohome
ATHM
$3.4B
| $15.2M | 0.02% |
150,631
-1,777
| -1% | -$179K |
|
689
TripAdvisor
TRIP
$2.06B
| $15.2M | 0.02% |
272,755
-19,803
| -7% | -$1.1M |
|
|
PAY
690
DELISTED
Verifone Systems Inc
PAY
| $15.2M | 0.02% |
665,716
-94,274
| -12% | -$2.15M |
|
|
UMPQ
691
DELISTED
Umpqua Holdings Corp
UMPQ
| $15.2M | 0.02% |
672,125
+27,832
| +4% | +$629K |
|
692
Openlane
KAR
$3.12B
| $15.1M | 0.02% |
729,612
+99,611
| +16% | +$2.07M |
|
693
BWX Technologies
BWXT
$15.2B
| $15.1M | 0.02% |
242,429
-36,084
| -13% | -$2.25M |
|
|
CLGX
694
DELISTED
Corelogic, Inc.
CLGX
| $15.1M | 0.02% |
290,030
+15,327
| +6% | +$795K |
|
|
CLR
695
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $15M | 0.02% |
232,282
-40,686
| -15% | -$2.63M |
|
696
Axalta
AXTA
$6.7B
| $15M | 0.02% |
496,254
+113,301
| +30% | +$3.43M |
|
697
Burlington
BURL
$17.6B
| $15M | 0.02% |
99,825
+35,315
| +55% | +$5.32M |
|
698
Teledyne Technologies
TDY
$25.6B
| $15M | 0.02% |
75,471
-10,283
| -12% | -$2.05M |
|
699
Herbalife
HLF
$958M
| $15M | 0.02% |
279,511
-48,695
| -15% | -$2.62M |
|
700
Popular Inc
BPOP
$8.45B
| $14.9M | 0.02% |
330,422
-2,834
| -0.9% | -$128K |
|