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 | |
|---|---|---|---|---|---|---|
|
UFS
801
DELISTED
DOMTAR CORPORATION (New)
UFS
| $8.84M | 0.01% |
198,531
-21,550
| -10% | -$960K |
|
802
NovoCure
NVCR
$1.42B
| $8.83M | 0.01% |
139,648
-440
| -0.3% | -$27.8K |
|
803
MGIC Investment
MTG
$6.67B
| $8.81M | 0.01% |
670,772
-183,002
| -21% | -$2.4M |
|
804
Alnylam Pharmaceuticals
ALNY
$61.4B
| $8.81M | 0.01% |
121,400
-56,386
| -32% | -$4.09M |
|
805
Allete
ALE
$3.68B
| $8.78M | 0.01% |
105,567
-14,763
| -12% | -$1.23M |
|
|
MLNX
806
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $8.74M | 0.01% |
78,941
-884
| -1% | -$97.8K |
|
807
Manhattan Associates
MANH
$13.3B
| $8.71M | 0.01% |
125,652
+2,914
| +2% | +$202K |
|
808
Interactive Brokers
IBKR
$28.2B
| $8.66M | 0.01% |
639,200
-125,232
| -16% | -$1.7M |
|
809
Travel + Leisure Co
TNL
$4.11B
| $8.66M | 0.01% |
197,211
+10,196
| +5% | +$448K |
|
810
Dick's Sporting Goods
DKS
$20.7B
| $8.66M | 0.01% |
249,960
-56,901
| -19% | -$1.97M |
|
|
XIFR
811
XPLR Infrastructure, LP
XIFR
$949M
| $8.65M | 0.01% |
179,355
-21,482
| -11% | -$1.04M |
|
812
Leggett & Platt
LEG
$1.34B
| $8.65M | 0.01% |
225,423
-83,982
| -27% | -$3.22M |
|
813
Outfront Media
OUT
$3.13B
| $8.65M | 0.01% |
340,709
-85,541
| -20% | -$2.17M |
|
814
Air Lease Corp
AL
$7.1B
| $8.63M | 0.01% |
208,654
-32,408
| -13% | -$1.34M |
|
815
Armstrong World Industries
AWI
$8.61B
| $8.6M | 0.01% |
88,430
-2,441
| -3% | -$237K |
|
816
Insulet
PODD
$23.8B
| $8.6M | 0.01% |
72,000
-3,960
| -5% | -$473K |
|
817
Brunswick
BC
$4.36B
| $8.59M | 0.01% |
187,274
-38,709
| -17% | -$1.78M |
|
818
Lazard
LAZ
$5.35B
| $8.59M | 0.01% |
249,837
-45,555
| -15% | -$1.57M |
|
|
IAA
819
DELISTED
IAA, Inc. Common Stock
IAA
| $8.59M | 0.01% |
+221,454
| New | +$8.59M |
|
820
Idacorp
IDA
$6.79B
| $8.59M | 0.01% |
85,486
-248
| -0.3% | -$24.9K |
|
821
Cullen/Frost Bankers
CFR
$8.23B
| $8.57M | 0.01% |
91,535
-7,056
| -7% | -$661K |
|
822
Bath & Body Works
BBWI
$5.75B
| $8.57M | 0.01% |
406,118
-102,658
| -20% | -$2.17M |
|
|
ZNGA
823
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $8.55M | 0.01% |
1,394,203
-49,186
| -3% | -$301K |
|
824
Generac Holdings
GNRC
$11B
| $8.54M | 0.01% |
123,054
-14,770
| -11% | -$1.03M |
|
825
EQT Corp
EQT
$31.8B
| $8.53M | 0.01% |
539,272
-172,811
| -24% | -$2.73M |
|