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
|
+$95.4M |
| 2 |
PepsiCo
PEP
|
+$73.5M |
| 3 |
Accenture
ACN
|
+$68.9M |
| 4 |
Lockheed Martin
LMT
|
+$66.5M |
| 5 |
Simon Property Group
SPG
|
+$53.6M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
+$144M |
| 2 |
Apple
AAPL
|
+$100M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$98.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.6M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.5M |
Sector Composition
| 1 | Technology | 17.51% |
| 2 | Financials | 17.03% |
| 3 | Healthcare | 13.68% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
JOYY
1001
JOYY Inc. American Depositary Shares
JOYY
$3.21B
| $8.13M | 0.01% |
108,569
-64,740
| -37% | -$4.85M |
|
1002
Bankunited
BKU
$2.96B
| $8.12M | 0.01% |
229,353
+2,503
| +1% | +$88.6K |
|
|
TCO
1003
DELISTED
Taubman Centers Inc.
TCO
| $8.12M | 0.01% |
135,674
+7,348
| +6% | +$440K |
|
1004
Knight Transportation
KNX
$6.77B
| $8.11M | 0.01% |
235,309
-24,615
| -9% | -$849K |
|
|
MNK
1005
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $8.11M | 0.01% |
276,637
-13,988
| -5% | -$410K |
|
1006
BGC Group
BGC
$4.82B
| $8.09M | 0.01% |
1,064,124
-161,925
| -13% | -$1.23M |
|
1007
Funko
FNKO
$182M
| $8.08M | 0.01% |
341,200
| – | – |
|
1008
Visteon
VC
$3.4B
| $8.05M | 0.01% |
86,680
-3,226
| -4% | -$300K |
|
|
NGHC
1009
DELISTED
National General Holdings Corp
NGHC
| $8.05M | 0.01% |
299,759
+10,088
| +3% | +$271K |
|
1010
WESCO International
WCC
$10.4B
| $8.02M | 0.01% |
130,507
-9,657
| -7% | -$593K |
|
1011
Erie Indemnity
ERIE
$17.7B
| $8M | 0.01% |
62,690
-6,580
| -9% | -$839K |
|
|
MLNX
1012
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $7.98M | 0.01% |
108,587
+15,800
| +17% | +$1.16M |
|
1013
Protolabs
PRLB
$1.18B
| $7.97M | 0.01% |
49,248
+4,372
| +10% | +$707K |
|
1014
Exelixis
EXEL
$10.5B
| $7.94M | 0.01% |
448,300
-49,290
| -10% | -$873K |
|
|
ATHN
1015
DELISTED
Athenahealth, Inc.
ATHN
| $7.92M | 0.01% |
59,246
-4,156
| -7% | -$555K |
|
|
TWO
1016
Two Harbors Investment
TWO
$1.05B
| $7.91M | 0.01% |
132,494
+39,979
| +43% | +$2.39M |
|
1017
Trade Desk
TTD
$22.1B
| $7.91M | 0.01% |
524,290
+264,290
| +102% | +$3.99M |
|
1018
Inogen
INGN
$231M
| $7.91M | 0.01% |
32,403
+1,254
| +4% | +$306K |
|
1019
Ternium
TX
$6.8B
| $7.87M | 0.01% |
259,649
-11,123
| -4% | -$337K |
|
1020
Conduent
CNDT
$445M
| $7.86M | 0.01% |
348,921
-7,556
| -2% | -$170K |
|
1021
Wintrust Financial
WTFC
$9.07B
| $7.86M | 0.01% |
92,517
-13,141
| -12% | -$1.12M |
|
1022
Trinseo
TSE
$87.7M
| $7.85M | 0.01% |
100,271
-4,574
| -4% | -$358K |
|
1023
Zurn Elkay Water Solutions
ZWS
$7.82B
| $7.83M | 0.01% |
527,939
-21,937
| -4% | -$325K |
|
1024
Entegris
ENTG
$13.2B
| $7.81M | 0.01% |
269,663
-5,512
| -2% | -$160K |
|
|
CIM
1025
Chimera Investment
CIM
$1.15B
| $7.8M | 0.01% |
143,310
-8,688
| -6% | -$473K |
|