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 |
AGN
Allergan plc
AGN
|
$57.2M |
| 2 |
Enterprise Products Partners
EPD
|
$57M |
| 3 |
WFT
Weatherford International plc
WFT
|
$42.9M |
| 4 |
Liberty Media Series C
FWONK
|
$27.2M |
| 5 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
$26M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$98.2M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
$73.6M |
| 3 |
Exxon Mobil
XOM
|
$43M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
$38.7M |
| 5 |
Apple
AAPL
|
$33.3M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Technology | 14.34% |
| 3 | Healthcare | 13.09% |
| 4 | Industrials | 10.65% |
| 5 | Energy | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
PX
126
DELISTED
Praxair Inc
PX
| $114M | 0.16% |
884,968
+1,700
| +0.2% | +$219K |
|
|
127
Enterprise Products Partners
EPD
$69.3B
| $114M | 0.16% |
2,827,500
+1,415,500
| +100% | +$57M |
|
|
128
SPDR S&P Emerging Markets Small Cap ETF
EWX
$709M
| $114M | 0.16% |
2,366,732
-2,046,675
| -46% | -$98.2M |
|
129
Freeport-McMoran
FCX
$64.5B
| $113M | 0.16% |
3,468,691
+52,441
| +2% | +$1.71M |
|
130
Northrop Grumman
NOC
$84.4B
| $113M | 0.16% |
856,001
+43,934
| +5% | +$5.79M |
|
131
Southern Company
SO
$101B
| $111M | 0.15% |
2,545,526
+32,500
| +1% | +$1.42M |
|
|
YHOO
132
DELISTED
Yahoo Inc
YHOO
| $110M | 0.15% |
2,697,542
+351,742
| +15% | +$14.3M |
|
|
RTN
133
DELISTED
Raytheon Company
RTN
| $110M | 0.15% |
1,080,076
+20,884
| +2% | +$2.12M |
|
134
APA Corp
APA
$8.53B
| $110M | 0.15% |
1,168,741
+7,205
| +0.6% | +$676K |
|
135
Travelers Companies
TRV
$61.5B
| $110M | 0.15% |
1,167,251
-70,360
| -6% | -$6.61M |
|
136
Norfolk Southern
NSC
$62.4B
| $109M | 0.15% |
981,091
-26,700
| -3% | -$2.98M |
|
|
HES
137
DELISTED
Hess
HES
| $109M | 0.15% |
1,150,723
-37,107
| -3% | -$3.5M |
|
138
CSX Corp
CSX
$60B
| $108M | 0.15% |
3,383,154
-342,877
| -9% | -$11M |
|
139
American Tower
AMT
$93.9B
| $107M | 0.15% |
1,144,998
+4,223
| +0.4% | +$395K |
|
140
Baxter International
BAX
$12.4B
| $106M | 0.15% |
1,474,302
-30,976
| -2% | -$2.22M |
|
|
MRO
141
DELISTED
Marathon Oil Corporation
MRO
| $106M | 0.15% |
2,812,472
+93,388
| +3% | +$3.51M |
|
|
PCP
142
DELISTED
PRECISION CASTPARTS CORP
PCP
| $106M | 0.15% |
446,047
-3,879
| -0.9% | -$919K |
|
143
Ameriprise Financial
AMP
$48.3B
| $105M | 0.14% |
848,057
+2,460
| +0.3% | +$304K |
|
144
Allstate
ALL
$53.6B
| $103M | 0.14% |
1,681,309
-52,473
| -3% | -$3.22M |
|
145
Cognizant
CTSH
$35.1B
| $102M | 0.14% |
2,285,459
+159,051
| +7% | +$7.12M |
|
146
Micron Technology
MU
$133B
| $102M | 0.14% |
2,984,774
+1,606
| +0.1% | +$55K |
|
147
Applied Materials
AMAT
$126B
| $102M | 0.14% |
4,701,910
-63,890
| -1% | -$1.38M |
|
148
Broadcom
AVGO
$1.4T
| $101M | 0.14% |
1,160,772
-62,804
| -5% | -$5.46M |
|
|
ALXN
149
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $99.3M | 0.14% |
598,968
-30,341
| -5% | -$5.03M |
|
150
Yum! Brands
YUM
$40.4B
| $98.1M | 0.14% |
1,362,272
-23,541
| -2% | -$1.69M |
|