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 | |
|---|---|---|---|---|---|---|
901
Brown-Forman Class A
BF.A
$13.3B
| $7.42M | 0.01% |
134,941
-11,775
| -8% | -$648K |
|
902
Herbalife
HLF
$964M
| $7.42M | 0.01% |
173,506
-66,942
| -28% | -$2.86M |
|
903
IPG Photonics
IPGP
$3.49B
| $7.39M | 0.01% |
47,930
-1,224
| -2% | -$189K |
|
904
Knight Transportation
KNX
$6.97B
| $7.38M | 0.01% |
224,731
-106,424
| -32% | -$3.49M |
|
905
TripAdvisor
TRIP
$2.08B
| $7.37M | 0.01% |
159,157
-89,156
| -36% | -$4.13M |
|
906
Littelfuse
LFUS
$6.72B
| $7.36M | 0.01% |
41,588
-2,999
| -7% | -$531K |
|
907
Essent Group
ESNT
$6.33B
| $7.35M | 0.01% |
156,371
+10,562
| +7% | +$496K |
|
908
Flex
FLEX
$21.6B
| $7.32M | 0.01% |
1,014,624
-180,468
| -15% | -$1.3M |
|
909
Chemours
CC
$2.51B
| $7.31M | 0.01% |
304,640
-5,717
| -2% | -$137K |
|
910
CyberArk
CYBR
$23.8B
| $7.3M | 0.01% |
57,105
+4,402
| +8% | +$563K |
|
911
KBR
KBR
$6.38B
| $7.26M | 0.01% |
291,088
-45,053
| -13% | -$1.12M |
|
912
Kratos Defense & Security Solutions
KTOS
$11.4B
| $7.26M | 0.01% |
317,059
-37,300
| -11% | -$854K |
|
913
Kemper
KMPR
$3.36B
| $7.25M | 0.01% |
84,041
-7,031
| -8% | -$607K |
|
914
Autohome
ATHM
$3.5B
| $7.21M | 0.01% |
84,258
-10,213
| -11% | -$874K |
|
|
JBGS
915
JBG SMITH
JBGS
$1.44B
| $7.21M | 0.01% |
183,299
+16,095
| +10% | +$633K |
|
916
Sunstone Hotel Investors
SHO
$1.79B
| $7.2M | 0.01% |
525,465
-96,529
| -16% | -$1.32M |
|
917
RLI Corp
RLI
$6.15B
| $7.19M | 0.01% |
167,794
-20,954
| -11% | -$898K |
|
|
RP
918
DELISTED
RealPage, Inc.
RP
| $7.18M | 0.01% |
121,983
-7,353
| -6% | -$433K |
|
|
SPWR
919
DELISTED
SunPower Corporation Common Stock
SPWR
| $7.16M | 0.01% |
1,022,771
-110,484
| -10% | -$773K |
|
920
Skywest
SKYW
$4.41B
| $7.13M | 0.01% |
117,553
-30,698
| -21% | -$1.86M |
|
921
Rayonier
RYN
$4.13B
| $7.13M | 0.01% |
247,151
-2,791
| -1% | -$80.5K |
|
922
Navient
NAVI
$1.31B
| $7.12M | 0.01% |
521,380
-195,387
| -27% | -$2.67M |
|
923
Associated Banc-Corp
ASB
$4.38B
| $7.12M | 0.01% |
336,547
-73,428
| -18% | -$1.55M |
|
924
EnerSys
ENS
$4.02B
| $7.08M | 0.01% |
103,341
-26,456
| -20% | -$1.81M |
|
925
Zillow
ZG
$20.8B
| $7.06M | 0.01% |
154,300
-67,800
| -31% | -$3.1M |
|