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 | |
|---|---|---|---|---|---|---|
1051
HealthEquity
HQY
$7.97B
| $5.58M | 0.01% |
85,315
-11,670
| -12% | -$763K |
|
|
MGP
1052
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $5.58M | 0.01% |
181,955
-17,821
| -9% | -$546K |
|
1053
MillerKnoll
MLKN
$1.4B
| $5.56M | 0.01% |
124,279
-23,254
| -16% | -$1.04M |
|
1054
Valvoline
VVV
$5.14B
| $5.55M | 0.01% |
284,395
+27,595
| +11% | +$539K |
|
1055
Openlane
KAR
$3.07B
| $5.54M | 0.01% |
221,454
-406,272
| -65% | -$10.2M |
|
1056
Columbia Sportswear
COLM
$2.99B
| $5.52M | 0.01% |
55,091
-32,410
| -37% | -$3.25M |
|
1057
Blackbaud
BLKB
$3.38B
| $5.51M | 0.01% |
65,987
-4,310
| -6% | -$360K |
|
|
UNVR
1058
DELISTED
Univar Solutions Inc.
UNVR
| $5.5M | 0.01% |
249,429
-4,009
| -2% | -$88.4K |
|
1059
Dana Inc
DAN
$2.76B
| $5.49M | 0.01% |
275,484
-110,218
| -29% | -$2.2M |
|
|
STAY
1060
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $5.48M | 0.01% |
324,668
+24,674
| +8% | +$417K |
|
|
COHR
1061
DELISTED
Coherent Inc
COHR
| $5.48M | 0.01% |
40,156
-2,323
| -5% | -$317K |
|
|
OAK
1062
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $5.47M | 0.01% |
110,385
-5,175
| -4% | -$256K |
|
1063
Insight Enterprises
NSIT
$3.9B
| $5.45M | 0.01% |
93,685
-35,274
| -27% | -$2.05M |
|
|
SYNH
1064
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $5.44M | 0.01% |
106,383
-16,073
| -13% | -$821K |
|
|
ARGO
1065
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $5.43M | 0.01% |
73,383
-24,564
| -25% | -$1.82M |
|
|
TWO
1066
Two Harbors Investment
TWO
$1.05B
| $5.4M | 0.01% |
106,617
-7,740
| -7% | -$392K |
|
1067
Boston Beer
SAM
$2.36B
| $5.4M | 0.01% |
14,283
-30
| -0.2% | -$11.3K |
|
|
INXN
1068
DELISTED
Interxion Holding N.V.
INXN
| $5.39M | 0.01% |
70,861
+6,333
| +10% | +$482K |
|
1069
AllianceBernstein
AB
$4.19B
| $5.38M | 0.01% |
181,146
-4,053
| -2% | -$120K |
|
1070
FIVE9
FIVN
$2B
| $5.38M | 0.01% |
104,846
-4,297
| -4% | -$220K |
|
1071
Cabot Corp
CBT
$4.2B
| $5.37M | 0.01% |
112,633
-17,659
| -14% | -$843K |
|
1072
WNS Holdings
WNS
$3.25B
| $5.36M | 0.01% |
90,613
-14,657
| -14% | -$868K |
|
1073
Home BancShares
HOMB
$5.89B
| $5.36M | 0.01% |
278,168
+22,966
| +9% | +$442K |
|
1074
ICU Medical
ICUI
$3.22B
| $5.35M | 0.01% |
21,253
-874
| -4% | -$220K |
|
1075
Verint Systems
VRNT
$1.23B
| $5.34M | 0.01% |
194,951
-3,004
| -2% | -$82.3K |
|