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 |
WFT
Weatherford International plc
WFT
|
$42.9M |
| 3 |
Liberty Media Series C
FWONK
|
$27.2M |
| 4 |
Meta Platforms (Facebook)
META
|
$25.2M |
| 5 |
Alibaba
BABA
|
$22.2M |
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 | |
|---|---|---|---|---|---|---|
176
Franklin Resources
BEN
$13B
| $80.3M | 0.11% |
1,469,841
+400
| +0% | +$21.8K |
|
177
Aflac
AFL
$57.2B
| $80.2M | 0.11% |
2,754,706
-121,400
| -4% | -$3.54M |
|
178
Becton Dickinson
BDX
$55.1B
| $80.1M | 0.11% |
721,755
-410
| -0.1% | -$45.5K |
|
179
Sempra
SRE
$52.9B
| $79.8M | 0.11% |
1,514,270
+3,800
| +0.3% | +$200K |
|
|
PXD
180
DELISTED
Pioneer Natural Resource Co.
PXD
| $78.9M | 0.11% |
400,755
+1,065
| +0.3% | +$210K |
|
181
Marathon Petroleum
MPC
$54.8B
| $78.1M | 0.11% |
1,844,262
+68,690
| +4% | +$2.91M |
|
182
Corning
GLW
$61B
| $77.6M | 0.11% |
4,010,811
-110,900
| -3% | -$2.14M |
|
183
Waste Management
WM
$88.6B
| $77.4M | 0.11% |
1,628,239
+10,600
| +0.7% | +$504K |
|
184
Las Vegas Sands
LVS
$36.9B
| $76.1M | 0.11% |
1,222,772
-121,801
| -9% | -$7.58M |
|
185
Omnicom Group
OMC
$15.4B
| $75.2M | 0.1% |
1,092,180
-32,300
| -3% | -$2.22M |
|
186
Regeneron Pharmaceuticals
REGN
$60.8B
| $74.6M | 0.1% |
206,848
+7,047
| +4% | +$2.54M |
|
187
Intercontinental Exchange
ICE
$99.8B
| $74.5M | 0.1% |
1,909,210
-10,605
| -0.6% | -$414K |
|
|
STI
188
DELISTED
SunTrust Banks, Inc.
STI
| $74.5M | 0.1% |
1,958,315
-53,200
| -3% | -$2.02M |
|
189
Lumen
LUMN
$4.87B
| $74.3M | 0.1% |
1,817,101
-64,900
| -3% | -$2.65M |
|
190
VF Corp
VFC
$5.86B
| $73.8M | 0.1% |
1,186,440
-80,369
| -6% | -$5M |
|
191
PACCAR
PCAR
$52B
| $73.5M | 0.1% |
1,939,613
+35,481
| +2% | +$1.35M |
|
192
Sherwin-Williams
SHW
$92.9B
| $73.4M | 0.1% |
1,005,867
+147,600
| +17% | +$10.8M |
|
193
Public Storage
PSA
$52.2B
| $73.4M | 0.1% |
442,717
-10,111
| -2% | -$1.68M |
|
|
BRCM
194
DELISTED
BROADCOM CORP CL-A
BRCM
| $73.4M | 0.1% |
1,816,320
-1,096
| -0.1% | -$44.3K |
|
195
Netflix
NFLX
$529B
| $73.2M | 0.1% |
1,135,673
+43,218
| +4% | +$2.79M |
|
196
Lam Research
LRCX
$130B
| $73.1M | 0.1% |
9,780,380
+408,560
| +4% | +$3.05M |
|
197
PG&E
PCG
$33.2B
| $72.8M | 0.1% |
1,616,789
-4,372
| -0.3% | -$197K |
|
198
Southwest Airlines
LUV
$16.5B
| $72.7M | 0.1% |
2,152,890
+61,473
| +3% | +$2.08M |
|
199
Edison International
EIX
$21B
| $72.5M | 0.1% |
1,295,654
+47,112
| +4% | +$2.63M |
|
200
Crown Castle
CCI
$41.9B
| $71.9M | 0.1% |
893,052
-57,400
| -6% | -$4.62M |
|