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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Fidelity National Financial
FNF
$16.5B
| $100M | 0.1% |
2,353,290
+251,817
| +12% | +$10.8M |
|
227
Edwards Lifesciences
EW
$47.5B
| $99.4M | 0.1% |
1,356,657
+284,685
| +27% | +$20.9M |
|
|
DRE
228
DELISTED
Duke Realty Corp.
DRE
| $98.8M | 0.1% |
2,907,283
+256,925
| +10% | +$8.73M |
|
|
Y
229
DELISTED
Alleghany Corporation
Y
| $98.7M | 0.1% |
123,689
+8,950
| +8% | +$7.14M |
|
230
Illumina
ILMN
$15.7B
| $98.6M | 0.1% |
333,327
+82,778
| +33% | +$24.5M |
|
231
EOG Resources
EOG
$64.4B
| $98.6M | 0.1% |
1,327,908
+350,882
| +36% | +$26M |
|
232
Enterprise Products Partners
EPD
$68.6B
| $98.5M | 0.1% |
3,447,087
+834,527
| +32% | +$23.9M |
|
233
Kinder Morgan
KMI
$59.1B
| $97.9M | 0.1% |
4,748,254
+1,053,377
| +29% | +$21.7M |
|
|
FRC
234
DELISTED
First Republic Bank
FRC
| $97.5M | 0.1% |
1,008,692
+118,488
| +13% | +$11.5M |
|
235
C.H. Robinson
CHRW
$14.9B
| $97.5M | 0.1% |
1,150,136
+83,622
| +8% | +$7.09M |
|
236
CenterPoint Energy
CNP
$24.7B
| $96.4M | 0.1% |
3,194,752
+320,354
| +11% | +$9.67M |
|
237
Occidental Petroleum
OXY
$45.2B
| $96.2M | 0.1% |
2,162,528
+563,060
| +35% | +$25M |
|
238
Marathon Petroleum
MPC
$54.8B
| $94.5M | 0.09% |
1,555,322
+261,213
| +20% | +$15.9M |
|
239
MetLife
MET
$52.9B
| $94M | 0.09% |
1,993,343
+339,843
| +21% | +$16M |
|
240
Jack Henry & Associates
JKHY
$11.8B
| $93.7M | 0.09% |
641,944
+72,062
| +13% | +$10.5M |
|
241
Coca-Cola Europacific Partners
CCEP
$40.4B
| $93.7M | 0.09% |
1,689,024
-5,811
| -0.3% | -$322K |
|
242
Nasdaq
NDAQ
$53.6B
| $93.4M | 0.09% |
2,818,941
+234,816
| +9% | +$7.78M |
|
243
Vertex Pharmaceuticals
VRTX
$102B
| $92.4M | 0.09% |
545,188
+153,979
| +39% | +$26.1M |
|
244
Bank of New York Mellon
BK
$73.1B
| $92.1M | 0.09% |
2,036,566
+196,654
| +11% | +$8.89M |
|
245
Vornado Realty Trust
VNO
$7.93B
| $91.9M | 0.09% |
1,443,725
+117,359
| +9% | +$7.47M |
|
246
Emerson Electric
EMR
$74.6B
| $91.6M | 0.09% |
1,370,187
+234,293
| +21% | +$15.7M |
|
247
Johnson Controls International
JCI
$69.5B
| $91.1M | 0.09% |
2,075,502
+110,316
| +6% | +$4.84M |
|
248
Archer Daniels Midland
ADM
$30.2B
| $91.1M | 0.09% |
2,217,683
+242,820
| +12% | +$9.97M |
|
249
Everest Group
EG
$14.3B
| $90.7M | 0.09% |
340,967
+32,802
| +11% | +$8.73M |
|
250
Pinnacle West Capital
PNW
$10.6B
| $90M | 0.09% |
927,364
+90,444
| +11% | +$8.78M |
|