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 | |
|---|---|---|---|---|---|---|
976
DT Midstream
DTM
$10.6B
| $10.1M | 0.01% |
210,831
-4,248
| -2% | -$204K |
|
977
Teradata
TDC
$2.01B
| $10.1M | 0.01% |
237,786
-15,003
| -6% | -$637K |
|
978
Black Hills Corp
BKH
$4.26B
| $10M | 0.01% |
141,843
| – | – |
|
979
RLI Corp
RLI
$6.27B
| $9.99M | 0.01% |
178,232
| – | – |
|
980
Pegasystems
PEGA
$9.84B
| $9.96M | 0.01% |
178,128
-1,660
| -0.9% | -$92.8K |
|
981
MGIC Investment
MTG
$6.55B
| $9.93M | 0.01% |
688,343
-97,983
| -12% | -$1.41M |
|
982
Herbalife
HLF
$1.02B
| $9.91M | 0.01% |
242,004
-7,691
| -3% | -$315K |
|
983
Hawaiian Electric Industries
HE
$2.05B
| $9.85M | 0.01% |
237,359
-7,469
| -3% | -$310K |
|
984
Zurn Elkay Water Solutions
ZWS
$7.82B
| $9.85M | 0.01% |
270,585
-289,420
| -52% | -$10.5M |
|
985
Hilton Grand Vacations
HGV
$4.19B
| $9.85M | 0.01% |
188,920
-2,232
| -1% | -$116K |
|
986
Franklin Electric
FELE
$4.34B
| $9.82M | 0.01% |
103,813
-716
| -0.7% | -$67.7K |
|
|
UNVR
987
DELISTED
Univar Solutions Inc.
UNVR
| $9.79M | 0.01% |
345,258
-27,102
| -7% | -$768K |
|
|
HR
988
DELISTED
Healthcare Realty Trust Incorporated
HR
| $9.78M | 0.01% |
309,097
-13,288
| -4% | -$420K |
|
989
Ryder
R
$7.67B
| $9.73M | 0.01% |
118,016
-3,956
| -3% | -$326K |
|
990
KE Holdings
BEKE
$22.7B
| $9.72M | 0.01% |
482,835
-21,302
| -4% | -$429K |
|
991
Rogers Corp
ROG
$1.42B
| $9.67M | 0.01% |
35,437
-5,937
| -14% | -$1.62M |
|
992
Hexcel
HXL
$5.12B
| $9.66M | 0.01% |
186,518
| – | – |
|
993
Papa John's
PZZA
$1.63B
| $9.65M | 0.01% |
72,324
-2,189
| -3% | -$292K |
|
994
BWX Technologies
BWXT
$15B
| $9.65M | 0.01% |
201,585
-10,380
| -5% | -$497K |
|
995
LivaNova
LIVN
$3.18B
| $9.63M | 0.01% |
110,090
+811
| +0.7% | +$70.9K |
|
996
STAAR Surgical
STAA
$1.37B
| $9.6M | 0.01% |
105,175
-1,696
| -2% | -$155K |
|
997
Blackstone Mortgage Trust
BXMT
$3.42B
| $9.58M | 0.01% |
312,963
+942
| +0.3% | +$28.8K |
|
998
AXIS Capital
AXS
$7.67B
| $9.55M | 0.01% |
175,368
| – | – |
|
|
AZEK
999
DELISTED
The AZEK Co
AZEK
| $9.52M | 0.01% |
205,970
-15,795
| -7% | -$730K |
|
1000
Albertsons Companies
ACI
$10.8B
| $9.52M | 0.01% |
315,432
+59,285
| +23% | +$1.79M |
|