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 | |
|---|---|---|---|---|---|---|
876
Ashland
ASH
$2.5B
| $7.79M | 0.01% |
97,347
-20,671
| -18% | -$1.65M |
|
|
NATI
877
DELISTED
National Instruments Corp
NATI
| $7.78M | 0.01% |
185,272
+21,289
| +13% | +$894K |
|
878
TD Synnex
SNX
$12.6B
| $7.72M | 0.01% |
156,832
-59,542
| -28% | -$2.93M |
|
879
RLJ Lodging Trust
RLJ
$1.16B
| $7.7M | 0.01% |
433,936
-54,701
| -11% | -$970K |
|
880
Ubiquiti
UI
$37.1B
| $7.65M | 0.01% |
58,164
-4,288
| -7% | -$564K |
|
881
HEICO
HEI
$44.7B
| $7.64M | 0.01% |
57,124
-5,152
| -8% | -$689K |
|
882
Terex
TEX
$3.49B
| $7.62M | 0.01% |
242,616
-61,030
| -20% | -$1.92M |
|
883
TEGNA Inc
TGNA
$3.38B
| $7.58M | 0.01% |
500,587
-146,525
| -23% | -$2.22M |
|
884
Blackstone Mortgage Trust
BXMT
$3.39B
| $7.58M | 0.01% |
212,926
-13,203
| -6% | -$470K |
|
885
Nexstar Media Group
NXST
$6.25B
| $7.56M | 0.01% |
74,835
+7,243
| +11% | +$732K |
|
886
Bankunited
BKU
$2.96B
| $7.54M | 0.01% |
223,584
-40,586
| -15% | -$1.37M |
|
887
Exponent
EXPO
$3.58B
| $7.52M | 0.01% |
128,444
-12,074
| -9% | -$707K |
|
888
First Financial Bankshares
FFIN
$5.13B
| $7.52M | 0.01% |
244,102
-4,840
| -2% | -$149K |
|
|
STL
889
DELISTED
Sterling Bancorp
STL
| $7.51M | 0.01% |
353,044
-18,601
| -5% | -$396K |
|
890
Olin
OLN
$3.09B
| $7.5M | 0.01% |
342,501
-95,917
| -22% | -$2.1M |
|
891
Jabil
JBL
$23B
| $7.5M | 0.01% |
237,358
-173,527
| -42% | -$5.48M |
|
892
Southwest Gas
SWX
$5.69B
| $7.49M | 0.01% |
83,527
-4,814
| -5% | -$431K |
|
893
United Therapeutics
UTHR
$18.3B
| $7.46M | 0.01% |
95,619
-58,329
| -38% | -$4.55M |
|
|
LSI
894
DELISTED
Life Storage, Inc.
LSI
| $7.45M | 0.01% |
117,584
+2,654
| +2% | +$168K |
|
895
LiveRamp
RAMP
$1.77B
| $7.45M | 0.01% |
153,645
-10,695
| -7% | -$519K |
|
896
Webster Financial
WBS
$10.3B
| $7.45M | 0.01% |
155,920
+9,859
| +7% | +$471K |
|
897
3D Systems Corporation
DDD
$289M
| $7.45M | 0.01% |
818,294
-108,400
| -12% | -$986K |
|
898
Portland General Electric
POR
$4.65B
| $7.44M | 0.01% |
137,322
+4,624
| +3% | +$250K |
|
899
Iridium Communications
IRDM
$1.95B
| $7.43M | 0.01% |
319,625
-37,512
| -11% | -$872K |
|
900
Black Hills Corp
BKH
$4.33B
| $7.43M | 0.01% |
95,089
-62,824
| -40% | -$4.91M |
|