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 |
Apollo Global Management
APO
|
$635M |
| 2 |
Verizon
VZ
|
$198M |
| 3 |
EOG Resources
EOG
|
$105M |
| 4 |
Perrigo
PRGO
|
$46M |
| 5 |
Meta Platforms (Facebook)
META
|
$40.8M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
$35.3M |
| 3 |
Vodafone
VOD
|
$31.5M |
| 4 |
Voya Financial
VOYA
|
$30.5M |
| 5 |
Walmart
WMT
|
$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.11% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Waste Management
WM
$88.6B
| $68.8M | 0.1% |
1,637,339
-29,000
| -2% | -$1.22M |
|
202
Williams Companies
WMB
$69.9B
| $68.5M | 0.1% |
1,687,035
-177,528
| -10% | -$7.21M |
|
203
Air Products & Chemicals
APD
$64.5B
| $67.7M | 0.1% |
624,991
-65,692
| -10% | -$7.12M |
|
204
Viatris
VTRS
$12.2B
| $67.2M | 0.1% |
1,410,147
-871
| -0.1% | -$41.5K |
|
205
Aptiv
APTV
$17.5B
| $66.2M | 0.09% |
1,001,600
+261,730
| +35% | +$17.3M |
|
|
FRX
206
DELISTED
FOREST LABORATORIES INC
FRX
| $66M | 0.09% |
756,924
-57,800
| -7% | -$5.04M |
|
|
NBL
207
DELISTED
Noble Energy, Inc.
NBL
| $65.3M | 0.09% |
925,022
-52,772
| -5% | -$3.72M |
|
208
Salesforce
CRM
$239B
| $64.5M | 0.09% |
1,168,017
-24,900
| -2% | -$1.37M |
|
209
Fluor
FLR
$6.72B
| $64.4M | 0.09% |
846,399
-16,312
| -2% | -$1.24M |
|
210
Alcoa
AA
$8.24B
| $63.9M | 0.09% |
2,123,061
-2,393
| -0.1% | -$72.1K |
|
211
Tesla
TSLA
$1.13T
| $63.6M | 0.09% |
4,428,075
+1,004,700
| +29% | +$14.4M |
|
212
Regeneron Pharmaceuticals
REGN
$60.8B
| $63.5M | 0.09% |
221,670
-12,684
| -5% | -$3.63M |
|
|
XLNX
213
DELISTED
Xilinx Inc
XLNX
| $62.6M | 0.09% |
1,177,237
+45,083
| +4% | +$2.4M |
|
214
Lumen
LUMN
$4.87B
| $62.2M | 0.09% |
1,832,801
-194,864
| -10% | -$6.61M |
|
215
CME Group
CME
$94.4B
| $61.4M | 0.09% |
888,259
+15,729
| +2% | +$1.09M |
|
|
HOT
216
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $61.4M | 0.09% |
792,943
+44,374
| +6% | +$3.43M |
|
217
Micron Technology
MU
$147B
| $61.3M | 0.09% |
2,761,558
-246,447
| -8% | -$5.47M |
|
|
SE
218
DELISTED
Spectra Energy Corp Wi
SE
| $61M | 0.09% |
1,609,515
-111,510
| -6% | -$4.23M |
|
219
Hartford Financial Services
HIG
$37B
| $60.8M | 0.09% |
1,742,571
-266,946
| -13% | -$9.31M |
|
220
Agilent Technologies
A
$36.5B
| $60.7M | 0.09% |
1,552,747
+71,890
| +5% | +$2.81M |
|
221
Intuit
INTU
$188B
| $60.4M | 0.09% |
809,700
+12,200
| +2% | +$909K |
|
222
FirstEnergy
FE
$25.1B
| $60.3M | 0.09% |
1,761,326
+192,143
| +12% | +$6.57M |
|
223
T Rowe Price
TROW
$23.8B
| $59.9M | 0.09% |
753,038
+56,777
| +8% | +$4.52M |
|
224
International Paper
IP
$25.7B
| $59.8M | 0.09% |
1,412,587
-19,019
| -1% | -$805K |
|
225
Boston Scientific
BSX
$159B
| $59.1M | 0.08% |
4,579,820
+40,000
| +0.9% | +$516K |
|