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 |
Kinder Morgan
KMI
|
$115M |
| 2 |
Enterprise Products Partners
EPD
|
$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
$41.2M |
| 4 |
Alibaba
BABA
|
$36.6M |
| 5 |
Annaly Capital Management
NLY
|
$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
$207M |
| 2 |
Medtronic
MDT
|
$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Carnival Corp
CCL
$42.8B
| $83.9M | 0.12% |
1,819,491
+272,879
| +18% | +$12.6M |
|
177
Sherwin-Williams
SHW
$92.9B
| $83.3M | 0.12% |
911,967
-93,900
| -9% | -$8.58M |
|
178
Dollar General
DG
$24.1B
| $82.9M | 0.11% |
1,225,827
+346,575
| +39% | +$23.4M |
|
179
American Airlines Group
AAL
$8.63B
| $82.3M | 0.11% |
1,562,006
-342,426
| -18% | -$18M |
|
180
Franklin Resources
BEN
$13B
| $82.3M | 0.11% |
1,544,131
+74,290
| +5% | +$3.96M |
|
181
Eaton
ETN
$136B
| $81.9M | 0.11% |
1,258,937
-40,175
| -3% | -$2.61M |
|
182
Cencora
COR
$56.7B
| $80.9M | 0.11% |
843,392
+34,194
| +4% | +$3.28M |
|
183
Regeneron Pharmaceuticals
REGN
$60.8B
| $80.9M | 0.11% |
194,500
-12,348
| -6% | -$5.13M |
|
184
Air Products & Chemicals
APD
$64.5B
| $80.1M | 0.11% |
610,397
+23,457
| +4% | +$3.08M |
|
185
Gen Digital
GEN
$18.2B
| $79.5M | 0.11% |
3,064,422
+479,739
| +19% | +$12.4M |
|
186
AutoZone
AZO
$70.6B
| $79.4M | 0.11% |
130,473
+29,400
| +29% | +$17.9M |
|
|
MHFI
187
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $79.3M | 0.11% |
868,182
-130,600
| -13% | -$11.9M |
|
188
VF Corp
VFC
$5.86B
| $78.2M | 0.11% |
1,169,147
-17,293
| -1% | -$1.16M |
|
|
PCP
189
DELISTED
PRECISION CASTPARTS CORP
PCP
| $78.1M | 0.11% |
382,639
-63,408
| -14% | -$12.9M |
|
190
Aflac
AFL
$57.2B
| $78M | 0.11% |
2,665,706
-89,000
| -3% | -$2.6M |
|
191
The Mosaic Company
MOS
$10.3B
| $78M | 0.11% |
1,603,607
+422,268
| +36% | +$20.5M |
|
192
Becton Dickinson
BDX
$55.1B
| $77.8M | 0.11% |
560,357
-161,398
| -22% | -$22.4M |
|
193
Alcoa
AA
$8.24B
| $77.7M | 0.11% |
2,031,732
-130,799
| -6% | -$5M |
|
194
Crown Castle
CCI
$41.9B
| $76.9M | 0.11% |
875,772
-17,280
| -2% | -$1.52M |
|
195
Devon Energy
DVN
$22.1B
| $76.8M | 0.11% |
1,236,811
+3,940
| +0.3% | +$245K |
|
196
International Paper
IP
$25.7B
| $76M | 0.1% |
1,492,348
+17,175
| +1% | +$875K |
|
197
TE Connectivity
TEL
$61.7B
| $75.9M | 0.1% |
1,173,705
+6,200
| +0.5% | +$401K |
|
198
Equity Residential
EQR
$25.5B
| $75.9M | 0.1% |
945,309
+10,800
| +1% | +$867K |
|
199
Aon
AON
$79.9B
| $75.5M | 0.1% |
808,680
+37,600
| +5% | +$3.51M |
|
|
VIAB
200
DELISTED
Viacom Inc. Class B
VIAB
| $75.5M | 0.1% |
1,124,184
-102,900
| -8% | -$6.91M |
|