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 |
Coca-Cola
KO
|
$198M |
| 2 |
PepsiCo
PEP
|
$177M |
| 3 |
Procter & Gamble
PG
|
$156M |
| 4 |
Linde
LIN
|
$155M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$152M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$174M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
$142M |
| 4 |
PX
Praxair Inc
PX
|
$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
$81.8M |
Sector Composition
| 1 | Financials | 16.41% |
| 2 | Technology | 16.21% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.86% |
| 5 | Industrials | 9.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Micron Technology
MU
$147B
| $69.4M | 0.1% |
2,186,349
-159,056
| -7% | -$5.05M |
|
227
Expeditors International
EXPD
$16.4B
| $69.2M | 0.1% |
1,015,584
+234,631
| +30% | +$16M |
|
228
Estee Lauder
EL
$32.1B
| $69M | 0.1% |
530,383
+1,924
| +0.4% | +$250K |
|
229
Truist Financial
TFC
$60B
| $68.3M | 0.1% |
1,577,387
-211,292
| -12% | -$9.15M |
|
230
Vertex Pharmaceuticals
VRTX
$102B
| $67.9M | 0.1% |
409,908
-31,292
| -7% | -$5.19M |
|
231
Willis Towers Watson
WTW
$32.1B
| $67.6M | 0.09% |
445,150
+103,282
| +30% | +$15.7M |
|
|
TFCF
232
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $67.5M | 0.09% |
1,412,041
-48,926
| -3% | -$2.34M |
|
233
Tyson Foods
TSN
$20B
| $66.1M | 0.09% |
1,238,414
+124,818
| +11% | +$6.67M |
|
234
Johnson Controls International
JCI
$69.5B
| $65.8M | 0.09% |
2,218,686
+150,447
| +7% | +$4.46M |
|
235
Labcorp
LH
$23.2B
| $65.8M | 0.09% |
605,694
+136,810
| +29% | +$14.9M |
|
236
Arthur J. Gallagher & Co
AJG
$76.7B
| $65.5M | 0.09% |
888,413
+298,922
| +51% | +$22M |
|
237
Dollar Tree
DLTR
$20.6B
| $65.3M | 0.09% |
722,528
+83,168
| +13% | +$7.51M |
|
238
Carnival Corp
CCL
$42.8B
| $64.9M | 0.09% |
1,316,820
+129,034
| +11% | +$6.36M |
|
239
Henry Schein
HSIC
$8.42B
| $64.8M | 0.09% |
1,051,922
+336,871
| +47% | +$20.7M |
|
240
Universal Health Services
UHS
$12.1B
| $64.6M | 0.09% |
554,592
+118,032
| +27% | +$13.8M |
|
241
PPG Industries
PPG
$24.8B
| $64.1M | 0.09% |
626,964
-56,066
| -8% | -$5.73M |
|
|
STI
242
DELISTED
SunTrust Banks, Inc.
STI
| $63.9M | 0.09% |
1,266,911
-50,403
| -4% | -$2.54M |
|
243
Marriott International Class A Common Stock
MAR
$71.9B
| $63.8M | 0.09% |
587,438
-19,111
| -3% | -$2.07M |
|
244
Synopsys
SNPS
$111B
| $63.7M | 0.09% |
756,408
+189,514
| +33% | +$16M |
|
245
Kinder Morgan
KMI
$59.1B
| $62.9M | 0.09% |
4,088,019
-253,837
| -6% | -$3.9M |
|
246
Waste Connections
WCN
$46.1B
| $62.8M | 0.09% |
845,954
+429,333
| +103% | +$31.9M |
|
247
Ulta Beauty
ULTA
$23.1B
| $62.7M | 0.09% |
256,086
+52,807
| +26% | +$12.9M |
|
248
Cincinnati Financial
CINF
$24B
| $62.7M | 0.09% |
809,791
+239,384
| +42% | +$18.5M |
|
249
Extra Space Storage
EXR
$31.3B
| $62.2M | 0.09% |
687,471
+182,797
| +36% | +$16.5M |
|
250
Annaly Capital Management
NLY
$14.2B
| $62.2M | 0.09% |
1,583,062
+450,088
| +40% | +$17.7M |
|