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 |
Coca-Cola
KO
|
+$203M |
| 2 |
PepsiCo
PEP
|
+$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
+$113M |
| 4 |
Newmont
NEM
|
+$111M |
| 5 |
McDonald's
MCD
|
+$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
+$512M |
| 2 |
Apple
AAPL
|
+$248M |
| 3 |
Microsoft
MSFT
|
+$209M |
| 4 |
JPMorgan Chase
JPM
|
+$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
PACW
726
DELISTED
PacWest Bancorp
PACW
| $10.7M | 0.01% |
276,274
-81,831
| -23% | -$3.18M |
|
727
Royal Gold
RGLD
$12.5B
| $10.7M | 0.01% |
104,454
-1,166
| -1% | -$119K |
|
|
ACC
728
DELISTED
American Campus Communities, Inc.
ACC
| $10.7M | 0.01% |
231,849
+5,023
| +2% | +$232K |
|
|
SGEN
729
DELISTED
Seagen Inc. Common Stock
SGEN
| $10.7M | 0.01% |
154,360
-22,719
| -13% | -$1.57M |
|
730
Saic
SAIC
$4.9B
| $10.7M | 0.01% |
123,397
-15,094
| -11% | -$1.31M |
|
|
MNDT
731
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $10.6M | 0.01% |
718,960
-131,840
| -15% | -$1.95M |
|
732
Deckers Outdoor
DECK
$17.5B
| $10.6M | 0.01% |
362,694
-15,342
| -4% | -$450K |
|
733
Polaris
PII
$3.37B
| $10.5M | 0.01% |
115,183
-23,729
| -17% | -$2.16M |
|
734
Avnet
AVT
$4.52B
| $10.5M | 0.01% |
231,367
-107,132
| -32% | -$4.85M |
|
|
QVCGA
735
QVC Group, Inc. Series A Common Stock
QVCGA
$87.4M
| $10.4M | 0.01% |
17,358
-7,995
| -32% | -$4.81M |
|
736
Howard Hughes
HHH
$4.85B
| $10.4M | 0.01% |
88,421
+4,436
| +5% | +$524K |
|
737
Autoliv
ALV
$9.8B
| $10.4M | 0.01% |
147,449
-23,332
| -14% | -$1.65M |
|
738
Bio-Rad Laboratories Class A
BIO
$7.74B
| $10.4M | 0.01% |
33,232
-8,782
| -21% | -$2.75M |
|
739
Trip.com Group
TCOM
$48.9B
| $10.4M | 0.01% |
281,400
-57,635
| -17% | -$2.13M |
|
740
Cable One
CABO
$1B
| $10.4M | 0.01% |
8,862
+527
| +6% | +$617K |
|
741
Hawaiian Electric Industries
HE
$2.1B
| $10.4M | 0.01% |
237,923
-33,761
| -12% | -$1.47M |
|
742
First American
FAF
$6.93B
| $10.4M | 0.01% |
192,855
-386
| -0.2% | -$20.7K |
|
743
American Homes 4 Rent
AMH
$12.8B
| $10.3M | 0.01% |
422,805
+42,291
| +11% | +$1.03M |
|
744
Chemed
CHE
$6.67B
| $10.3M | 0.01% |
28,480
-668
| -2% | -$241K |
|
745
Haemonetics
HAE
$2.58B
| $10.2M | 0.01% |
84,919
+6,761
| +9% | +$814K |
|
746
Neurocrine Biosciences
NBIX
$14.2B
| $10.2M | 0.01% |
120,500
-3,600
| -3% | -$304K |
|
747
TAL Education Group
TAL
$6.54B
| $10.1M | 0.01% |
265,952
+26,388
| +11% | +$1.01M |
|
748
Cleveland-Cliffs
CLF
$5.83B
| $10.1M | 0.01% |
949,461
-100,661
| -10% | -$1.07M |
|
749
Texas Pacific Land
TPL
$21.6B
| $10.1M | 0.01% |
38,472
-7,293
| -16% | -$1.91M |
|
750
Coty
COTY
$3.6B
| $10.1M | 0.01% |
751,630
-488,642
| -39% | -$6.55M |
|