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 | |
|---|---|---|---|---|---|---|
901
HDFC Bank
HDB
$181B
| $10.8M | 0.01% |
348,210
| – | – |
|
902
Adtalem Global Education
ATGE
$4.98B
| $10.8M | 0.01% |
246,077
-6,400
| -3% | -$281K |
|
903
Teradyne
TER
$18.4B
| $10.8M | 0.01% |
570,479
-158,361
| -22% | -$2.99M |
|
|
PPS
904
DELISTED
Post Properties
PPS
| $10.8M | 0.01% |
170,896
+31,600
| +23% | +$1.99M |
|
|
DCT
905
DELISTED
DCT Industrial Trust Inc.
DCT
| $10.7M | 0.01% |
278,806
+90,750
| +48% | +$3.49M |
|
|
WGL
906
DELISTED
Wgl Holdings
WGL
| $10.7M | 0.01% |
183,400
+1,100
| +0.6% | +$64.2K |
|
|
DNKN
907
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $10.7M | 0.01% |
231,775
+41,381
| +22% | +$1.91M |
|
908
Antero Resources
AR
$10.1B
| $10.6M | 0.01% |
289,224
+170,124
| +143% | +$6.26M |
|
909
Brookdale Senior Living
BKD
$1.77B
| $10.6M | 0.01% |
309,224
+7,994
| +3% | +$273K |
|
910
Leidos
LDOS
$23.8B
| $10.5M | 0.01% |
248,350
+12,300
| +5% | +$522K |
|
911
Reliance Steel & Aluminium
RS
$15.6B
| $10.5M | 0.01% |
197,720
+4,000
| +2% | +$213K |
|
912
Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares)
CIB
$12.6B
| $10.5M | 0.01% |
218,782
-14,158
| -6% | -$680K |
|
|
EQC
913
DELISTED
Equity Commonwealth
EQC
| $10.5M | 0.01% |
392,697
+65,227
| +20% | +$1.74M |
|
|
XLS
914
DELISTED
EXELIS INC COM STK
XLS
| $10.5M | 0.01% |
595,315
+12,700
| +2% | +$224K |
|
|
GWR
915
DELISTED
Genesee & Wyoming Inc.
GWR
| $10.5M | 0.01% |
122,959
-2,259
| -2% | -$192K |
|
916
Medical Properties Trust
MPW
$2.77B
| $10.5M | 0.01% |
681,548
+1,853
| +0.3% | +$28.5K |
|
917
Kirby Corp
KEX
$4.91B
| $10.5M | 0.01% |
133,200
-3,800
| -3% | -$299K |
|
918
Telephone and Data Systems
TDS
$4.53B
| $10.5M | 0.01% |
435,847
+78,900
| +22% | +$1.89M |
|
919
Palo Alto Networks
PANW
$133B
| $10.5M | 0.01% |
497,670
-309,534
| -38% | -$6.5M |
|
|
CYN
920
DELISTED
CITY NATIONAL CORPORATION
CYN
| $10.4M | 0.01% |
116,858
-2,300
| -2% | -$206K |
|
|
NBIS
921
Nebius Group N.V. Class A Ordinary Shares
NBIS
$21.3B
| $10.4M | 0.01% |
643,500
| – | – |
|
922
W.P. Carey
WPC
$15B
| $10.4M | 0.01% |
144,267
+2,144
| +2% | +$154K |
|
|
CBI
923
DELISTED
Chicago Bridge & Iron Nv
CBI
| $10.3M | 0.01% |
264,900
+900
| +0.3% | +$35.1K |
|
924
Equity Lifestyle Properties
ELS
$11.9B
| $10.3M | 0.01% |
366,452
+15,000
| +4% | +$422K |
|
925
Oshkosh
OSK
$8.88B
| $10.3M | 0.01% |
231,200
+4,200
| +2% | +$187K |
|