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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$69.3M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$60.2M |
| 3 |
DXC Technology
DXC
|
$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$47.5M |
| 5 |
Amazon
AMZN
|
$46.9M |
Top Sells
| 1 |
YHOO
Yahoo Inc
YHOO
|
$170M |
| 2 |
Zoetis
ZTS
|
$75.8M |
| 3 |
Yum! Brands
YUM
|
$69M |
| 4 |
Xerox
XRX
|
$63.2M |
| 5 |
Wells Fargo
WFC
|
$49.2M |
Sector Composition
| 1 | Financials | 17.92% |
| 2 | Technology | 15.12% |
| 3 | Healthcare | 13.25% |
| 4 | Industrials | 10.86% |
| 5 | Consumer Discretionary | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Vertex Pharmaceuticals
VRTX
$100B
| $62.9M | 0.1% |
488,400
+20,000
| +4% | +$2.58M |
|
202
Fifth Third Bancorp
FITB
$30.3B
| $62.7M | 0.1% |
2,416,481
-65,700
| -3% | -$1.71M |
|
203
Progressive
PGR
$144B
| $62.6M | 0.1% |
1,420,211
+31,400
| +2% | +$1.38M |
|
|
PARA
204
DELISTED
Paramount Global Class B
PARA
| $62.4M | 0.1% |
977,913
-3,900
| -0.4% | -$249K |
|
205
Carnival Corp
CCL
$42.2B
| $62.2M | 0.1% |
948,687
+47,300
| +5% | +$3.1M |
|
206
Regions Financial
RF
$24.4B
| $61.7M | 0.1% |
4,217,125
-174,500
| -4% | -$2.55M |
|
207
International Paper
IP
$26B
| $61.7M | 0.1% |
1,090,570
-6,500
| -0.6% | -$368K |
|
208
Welltower
WELL
$113B
| $61.7M | 0.1% |
824,460
+30,400
| +4% | +$2.28M |
|
209
Xcel Energy
XEL
$42.8B
| $61.2M | 0.1% |
1,333,595
-26,300
| -2% | -$1.21M |
|
210
Consolidated Edison
ED
$35.4B
| $60.6M | 0.1% |
750,333
-10,200
| -1% | -$824K |
|
211
Las Vegas Sands
LVS
$39.6B
| $60M | 0.1% |
938,600
+31,100
| +3% | +$1.99M |
|
212
Analog Devices
ADI
$124B
| $59.9M | 0.1% |
770,211
+23,100
| +3% | +$1.8M |
|
213
Aptiv
APTV
$17.3B
| $59.9M | 0.1% |
683,600
+25,300
| +4% | +$2.22M |
|
214
Hartford Financial Services
HIG
$37.2B
| $59.5M | 0.1% |
1,131,691
+4,200
| +0.4% | +$221K |
|
215
Trane Technologies
TT
$92.5B
| $58.9M | 0.09% |
644,153
-100
| -0% | -$9.14K |
|
216
AvalonBay Communities
AVB
$26.9B
| $58.4M | 0.09% |
304,096
+13,700
| +5% | +$2.63M |
|
217
Public Service Enterprise Group
PEG
$41.1B
| $58.2M | 0.09% |
1,353,465
-5,900
| -0.4% | -$254K |
|
218
Western Digital
WDC
$28.4B
| $57.5M | 0.09% |
648,930
-34,100
| -5% | -$3.02M |
|
219
Republic Services
RSG
$73B
| $57.4M | 0.09% |
901,313
-13,000
| -1% | -$828K |
|
220
Moody's
MCO
$91.4B
| $57.4M | 0.09% |
471,800
+16,700
| +4% | +$2.03M |
|
221
Cardinal Health
CAH
$35.5B
| $57M | 0.09% |
732,123
+7,600
| +1% | +$592K |
|
222
JD.com
JD
$44.8B
| $57M | 0.09% |
1,454,500
+883,000
| +155% | +$34.6M |
|
|
APC
223
DELISTED
Anadarko Petroleum
APC
| $56.8M | 0.09% |
1,252,877
-63,300
| -5% | -$2.87M |
|
|
BHI
224
DELISTED
Baker Hughes
BHI
| $56.5M | 0.09% |
1,035,883
-43,000
| -4% | -$2.34M |
|
225
Equity Residential
EQR
$25.3B
| $56.3M | 0.09% |
855,156
-38,100
| -4% | -$2.51M |
|