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 |
Vanguard S&P 500 ETF
VOO
|
+$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$506M |
| 4 |
Cisco
CSCO
|
+$402M |
| 5 |
O'Reilly Automotive
ORLY
|
+$178M |
Top Sells
| 1 |
Coca-Cola
KO
|
+$247M |
| 2 |
Apple
AAPL
|
+$220M |
| 3 |
Medtronic
MDT
|
+$192M |
| 4 |
American Tower
AMT
|
+$186M |
| 5 |
L3Harris
LHX
|
+$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
801
Post Holdings
POST
$5.69B
| $14.7M | 0.01% |
198,894
-12,765
| -6% | -$942K |
|
802
Royal Gold
RGLD
$12.3B
| $14.6M | 0.01% |
139,222
-7,978
| -5% | -$839K |
|
803
Arrowhead Research
ARWR
$3.99B
| $14.6M | 0.01% |
220,142
+15,686
| +8% | +$1.04M |
|
804
Axalta
AXTA
$6.7B
| $14.6M | 0.01% |
440,571
-25,371
| -5% | -$840K |
|
|
IAA
805
DELISTED
IAA, Inc. Common Stock
IAA
| $14.6M | 0.01% |
287,834
-13,770
| -5% | -$697K |
|
806
Rapid7
RPD
$1.26B
| $14.6M | 0.01% |
123,731
+2,370
| +2% | +$279K |
|
807
Ingredion
INGR
$8.08B
| $14.5M | 0.01% |
150,408
-2,066
| -1% | -$200K |
|
808
ScottsMiracle-Gro
SMG
$3.5B
| $14.5M | 0.01% |
90,231
-2,334
| -3% | -$376K |
|
809
Valvoline
VVV
$5B
| $14.4M | 0.01% |
387,009
-17,823
| -4% | -$665K |
|
|
EXE
810
Expand Energy Corporation Common Stock
EXE
$23B
| $14.3M | 0.01% |
222,259
+60,593
| +37% | +$3.91M |
|
811
Prosperity Bancshares
PB
$6.4B
| $14.3M | 0.01% |
198,290
+982
| +0.5% | +$71K |
|
812
CACI
CACI
$10.7B
| $14.2M | 0.01% |
52,843
-579
| -1% | -$156K |
|
813
Medpace
MEDP
$13.4B
| $14.2M | 0.01% |
65,093
-251
| -0.4% | -$54.6K |
|
814
KBR
KBR
$6.42B
| $14.1M | 0.01% |
296,632
-20,556
| -6% | -$979K |
|
815
Nexstar Media Group
NXST
$5.98B
| $14.1M | 0.01% |
93,387
-2,525
| -3% | -$381K |
|
|
COHR
816
DELISTED
Coherent Inc
COHR
| $14M | 0.01% |
52,695
-1,875
| -3% | -$500K |
|
817
Woodward
WWD
$14.3B
| $14M | 0.01% |
128,128
| – | – |
|
818
Starwood Property Trust
STWD
$7.6B
| $14M | 0.01% |
576,254
-35,279
| -6% | -$857K |
|
819
Innovative Industrial Properties
IIPR
$1.58B
| $14M | 0.01% |
53,125
| – | – |
|
|
ZNGA
820
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $13.9M | 0.01% |
2,178,762
-49,709
| -2% | -$318K |
|
|
BPMC
821
DELISTED
Blueprint Medicines
BPMC
| $13.9M | 0.01% |
130,022
| – | – |
|
822
EQT Corp
EQT
$31.9B
| $13.9M | 0.01% |
637,166
+12,308
| +2% | +$268K |
|
823
SEI Investments
SEIC
$10.7B
| $13.9M | 0.01% |
227,939
-14,092
| -6% | -$859K |
|
824
Amcor
AMCR
$19B
| $13.9M | 0.01% |
1,155,679
-14,996
| -1% | -$180K |
|
825
Polaris
PII
$3.29B
| $13.9M | 0.01% |
126,286
-6,915
| -5% | -$760K |
|