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 |
Kinder Morgan
KMI
|
+$115M |
| 2 |
Enterprise Products Partners
EPD
|
+$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$41.2M |
| 4 |
Alibaba
BABA
|
+$36.6M |
| 5 |
Annaly Capital Management
NLY
|
+$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
+$207M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.94% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
876
Puma Biotechnology
PBYI
$227M
| $11.1M | 0.02% |
49,155
+241
| +0.5% | +$54.5K |
|
|
PLCM
877
DELISTED
POLYCOM INC
PLCM
| $11.1M | 0.02% |
822,052
+15,500
| +2% | +$209K |
|
|
WDR
878
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $11.1M | 0.02% |
244,232
-137,694
| -36% | -$6.25M |
|
879
Dana Inc
DAN
$2.79B
| $11.1M | 0.02% |
520,377
-15,800
| -3% | -$336K |
|
880
Southwest Gas
SWX
$5.69B
| $11.1M | 0.02% |
175,700
+2,600
| +2% | +$164K |
|
|
DHC
881
Diversified Healthcare Trust
DHC
$1.09B
| $11M | 0.02% |
473,832
+2,522
| +0.5% | +$58.7K |
|
|
FSL
882
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $11M | 0.02% |
418,834
+13,556
| +3% | +$357K |
|
883
First Solar
FSLR
$21.8B
| $11M | 0.02% |
252,238
+10,000
| +4% | +$437K |
|
884
Hain Celestial
HAIN
$191M
| $11M | 0.02% |
202,986
-50,800
| -20% | -$2.76M |
|
|
ESL
885
DELISTED
Esterline Technologies
ESL
| $11M | 0.02% |
97,436
-11,195
| -10% | -$1.26M |
|
|
SFG
886
DELISTED
STANCORP FINL GRP
SFG
| $11M | 0.02% |
167,662
+3,300
| +2% | +$216K |
|
|
ENH
887
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $11M | 0.02% |
177,136
+15,960
| +10% | +$989K |
|
|
UFS
888
DELISTED
DOMTAR CORPORATION (New)
UFS
| $11M | 0.02% |
282,780
+4,500
| +2% | +$174K |
|
889
Belden
BDC
$5.29B
| $11M | 0.02% |
129,123
+4,740
| +4% | +$402K |
|
|
UN
890
DELISTED
Unilever NV New York Registry Shares
UN
| $11M | 0.02% |
254,091
+91,488
| +56% | +$3.94M |
|
891
Deluxe
DLX
$889M
| $10.9M | 0.02% |
170,870
-108
| -0.1% | -$6.92K |
|
892
Zillow
ZG
$20.8B
| $10.9M | 0.02% |
320,364
-6,498
| -2% | -$222K |
|
893
Cullen/Frost Bankers
CFR
$8.23B
| $10.9M | 0.02% |
172,021
+600
| +0.4% | +$38.1K |
|
|
CLC
894
DELISTED
Clarcor
CLC
| $10.9M | 0.02% |
171,000
| – | – |
|
895
Brown & Brown
BRO
$31.1B
| $10.9M | 0.02% |
691,274
+3,000
| +0.4% | +$47.2K |
|
|
WPX
896
DELISTED
WPX Energy, Inc.
WPX
| $10.9M | 0.02% |
945,204
-160,233
| -14% | -$1.84M |
|
897
SLM Corp
SLM
$6.05B
| $10.8M | 0.02% |
1,185,403
-11,526
| -1% | -$105K |
|
898
Pinnacle Financial Partners
PNFP
$7.59B
| $10.8M | 0.02% |
290,004
-1,100
| -0.4% | -$41.1K |
|
899
Carter's
CRI
$1.1B
| $10.8M | 0.01% |
128,600
-8,500
| -6% | -$715K |
|
|
INFA
900
DELISTED
INFORMATICA CORP
INFA
| $10.8M | 0.01% |
250,800
-41,970
| -14% | -$1.81M |
|