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 | |
|---|---|---|---|---|---|---|
751
Flowers Foods
FLO
$3.01B
| $10M | 0.01% |
431,797
+15,671
| +4% | +$365K |
|
752
Rithm Capital
RITM
$6.65B
| $10M | 0.01% |
652,431
+14
| +0% | +$215 |
|
|
EQC
753
DELISTED
Equity Commonwealth
EQC
| $10M | 0.01% |
308,201
-35,531
| -10% | -$1.16M |
|
754
Emcor
EME
$28.6B
| $9.98M | 0.01% |
113,298
-32,353
| -22% | -$2.85M |
|
755
Maximus
MMS
$5.08B
| $9.95M | 0.01% |
137,213
-10,143
| -7% | -$736K |
|
756
Wolfspeed
WOLF
$294M
| $9.94M | 0.01% |
176,900
+13,206
| +8% | +$742K |
|
757
Exelixis
EXEL
$10.5B
| $9.9M | 0.01% |
463,192
+34,926
| +8% | +$746K |
|
758
First Solar
FSLR
$21.8B
| $9.89M | 0.01% |
150,600
-27,404
| -15% | -$1.8M |
|
759
Monolithic Power Systems
MPWR
$40.2B
| $9.87M | 0.01% |
72,704
-5,123
| -7% | -$696K |
|
760
Ciena
CIEN
$18.7B
| $9.84M | 0.01% |
239,236
-63,182
| -21% | -$2.6M |
|
761
Ziff Davis
ZD
$1.54B
| $9.83M | 0.01% |
127,214
-25,635
| -17% | -$1.98M |
|
762
Grand Canyon Education
LOPE
$5.88B
| $9.81M | 0.01% |
83,851
-23,847
| -22% | -$2.79M |
|
763
Watsco
WSO
$16.1B
| $9.8M | 0.01% |
59,909
-13,674
| -19% | -$2.24M |
|
764
Crane NXT
CXT
$3.56B
| $9.79M | 0.01% |
337,810
-60,667
| -15% | -$1.76M |
|
|
SBNY
765
DELISTED
Signature Bank
SBNY
| $9.79M | 0.01% |
80,993
+512
| +0.6% | +$61.9K |
|
766
Jefferies Financial Group
JEF
$13.9B
| $9.76M | 0.01% |
566,871
-315,026
| -36% | -$5.42M |
|
767
Axalta
AXTA
$6.88B
| $9.71M | 0.01% |
326,252
-139,982
| -30% | -$4.17M |
|
768
Encompass Health
EHC
$12.8B
| $9.67M | 0.01% |
191,867
-50,222
| -21% | -$2.53M |
|
769
Williams-Sonoma
WSM
$24.8B
| $9.63M | 0.01% |
296,256
-124,902
| -30% | -$4.06M |
|
770
Uber
UBER
$197B
| $9.59M | 0.01% |
+206,840
| New | +$9.59M |
|
771
Melco Resorts & Entertainment
MLCO
$3.89B
| $9.59M | 0.01% |
441,454
-51,625
| -10% | -$1.12M |
|
772
Credit Acceptance
CACC
$5.9B
| $9.58M | 0.01% |
19,793
-411
| -2% | -$199K |
|
773
Teradata
TDC
$2.04B
| $9.55M | 0.01% |
266,365
-67,596
| -20% | -$2.42M |
|
774
Pinnacle Financial Partners
PNFP
$7.59B
| $9.49M | 0.01% |
165,077
-20,961
| -11% | -$1.2M |
|
|
SVC
775
Service Properties Trust
SVC
$486M
| $9.48M | 0.01% |
379,320
-3,823
| -1% | -$95.6K |
|