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 |
Intercontinental Exchange
ICE
|
$52.5M |
| 2 |
Coty
COTY
|
$42M |
| 3 |
Monster Beverage
MNST
|
$26.6M |
| 4 |
Yum China
YUMC
|
$22.3M |
| 5 |
Howmet Aerospace
HWM
|
$19M |
Top Sells
| 1 |
Apple
AAPL
|
$99.5M |
| 2 |
Alcoa
AA
|
$84.6M |
| 3 |
Synchrony
SYF
|
$72.8M |
| 4 |
Microsoft
MSFT
|
$68.4M |
| 5 |
JPMorgan Chase
JPM
|
$63.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 14.39% |
| 3 | Healthcare | 12.29% |
| 4 | Industrials | 11.07% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
International Paper
IP
$25.8B
| $60.9M | 0.1% |
1,147,470
-36,600
| -3% | -$1.94M |
|
202
Weyerhaeuser
WY
$17.9B
| $59.5M | 0.1% |
1,976,840
-79,560
| -4% | -$2.39M |
|
203
Fidelity National Information Services
FIS
$35.6B
| $59.3M | 0.1% |
783,800
-86,183
| -10% | -$6.52M |
|
204
Equinix
EQIX
$75.4B
| $59.1M | 0.1% |
165,457
-9,684
| -6% | -$3.46M |
|
205
M&T Bank
MTB
$30.6B
| $59M | 0.1% |
377,474
-6,800
| -2% | -$1.06M |
|
|
HES
206
DELISTED
Hess
HES
| $59M | 0.1% |
947,651
+3,700
| +0.4% | +$230K |
|
|
207
Coty
COTY
$3.68B
| $58.8M | 0.1% |
3,211,324
+2,292,524
| +250% | +$42M |
|
|
PXD
208
DELISTED
Pioneer Natural Resource Co.
PXD
| $58.7M | 0.1% |
325,809
-21,300
| -6% | -$3.84M |
|
209
Devon Energy
DVN
$23B
| $58.6M | 0.1% |
1,282,871
-10,300
| -0.8% | -$470K |
|
210
NXP Semiconductors
NXPI
$57.3B
| $58M | 0.1% |
592,161
-74,247
| -11% | -$7.28M |
|
211
PPL Corp
PPL
$26.8B
| $58M | 0.1% |
1,703,319
+156,600
| +10% | +$5.33M |
|
|
SE
212
DELISTED
Spectra Energy Corp Wi
SE
| $57.7M | 0.1% |
1,403,300
-134,800
| -9% | -$5.54M |
|
213
Micron Technology
MU
$130B
| $57.2M | 0.1% |
2,610,800
-11,800
| -0.4% | -$259K |
|
214
Consolidated Edison
ED
$35B
| $57M | 0.1% |
773,533
-48,200
| -6% | -$3.55M |
|
215
Omnicom Group
OMC
$14.9B
| $56.4M | 0.09% |
662,910
-37,300
| -5% | -$3.17M |
|
216
Welltower
WELL
$112B
| $56.3M | 0.09% |
841,560
-54,500
| -6% | -$3.65M |
|
217
Intuitive Surgical
ISRG
$167B
| $55.9M | 0.09% |
88,200
-9,000
| -9% | -$5.71M |
|
|
ALXN
218
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $55.9M | 0.09% |
456,991
-31,600
| -6% | -$3.87M |
|
219
KeyCorp
KEY
$20.6B
| $55.3M | 0.09% |
3,025,104
-40,264
| -1% | -$736K |
|
220
Hartford Financial Services
HIG
$36.8B
| $55.2M | 0.09% |
1,158,991
-19,100
| -2% | -$910K |
|
221
Xcel Energy
XEL
$42.4B
| $55.1M | 0.09% |
1,352,795
-41,700
| -3% | -$1.7M |
|
222
Equity Residential
EQR
$24.4B
| $54.5M | 0.09% |
847,356
-74,400
| -8% | -$4.79M |
|
223
Cardinal Health
CAH
$35.6B
| $54.3M | 0.09% |
753,923
-30,800
| -4% | -$2.22M |
|
224
Constellation Brands
STZ
$26.6B
| $54.3M | 0.09% |
353,900
-47,220
| -12% | -$7.24M |
|
225
Republic Services
RSG
$72.3B
| $54.1M | 0.09% |
948,213
-50,200
| -5% | -$2.86M |
|