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 |
Costco
COST
|
+$253M |
| 2 |
Walmart
WMT
|
+$201M |
| 3 |
Amazon
AMZN
|
+$110M |
| 4 |
United Parcel Service
UPS
|
+$103M |
| 5 |
Pool Corp
POOL
|
+$87M |
Top Sells
| 1 |
TJX Companies
TJX
|
+$413M |
| 2 |
Chubb
CB
|
+$336M |
| 3 |
Coca-Cola
KO
|
+$252M |
| 4 |
McCormick & Company Non-Voting
MKC
|
+$169M |
| 5 |
Apple
AAPL
|
+$152M |
Sector Composition
| 1 | Technology | 23.04% |
| 2 | Healthcare | 14.63% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Communication Services | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
HP
HPQ
$27.1B
| $89.5M | 0.07% |
2,964,347
-161,422
| -5% | -$4.87M |
|
|
WBA
302
DELISTED
Walgreens Boots Alliance
WBA
| $89.1M | 0.07% |
1,694,203
-68,891
| -4% | -$3.62M |
|
303
F5
FFIV
$18.7B
| $88.2M | 0.07% |
472,557
-10,648
| -2% | -$1.99M |
|
304
Marathon Petroleum
MPC
$55.7B
| $88M | 0.07% |
1,456,535
-22,997
| -2% | -$1.39M |
|
305
Constellation Brands
STZ
$25.7B
| $85.5M | 0.06% |
365,640
-8,002
| -2% | -$1.87M |
|
306
Aflac
AFL
$56.8B
| $85.1M | 0.06% |
1,586,621
-68,928
| -4% | -$3.7M |
|
307
Microchip Technology
MCHP
$34.9B
| $85M | 0.06% |
1,134,926
-24,826
| -2% | -$1.86M |
|
308
Sysco
SYY
$38.7B
| $84.8M | 0.06% |
1,090,799
-17,408
| -2% | -$1.35M |
|
309
Marriott International Class A Common Stock
MAR
$71.7B
| $83.5M | 0.06% |
611,645
-8,251
| -1% | -$1.13M |
|
310
DexCom
DXCM
$30.7B
| $83.5M | 0.06% |
781,788
+7,132
| +0.9% | +$761K |
|
311
Phillips 66
PSX
$53.5B
| $83.4M | 0.06% |
971,356
-28,979
| -3% | -$2.49M |
|
312
International Flavors & Fragrances
IFF
$16.7B
| $83.3M | 0.06% |
557,444
-16,555
| -3% | -$2.47M |
|
313
Henry Schein
HSIC
$8.2B
| $81.2M | 0.06% |
1,094,552
-19,531
| -2% | -$1.45M |
|
314
ZTO Express
ZTO
$15.3B
| $80.8M | 0.06% |
2,663,406
-493,473
| -16% | -$15M |
|
315
Cummins
CMI
$54.4B
| $80.8M | 0.06% |
331,447
-8,855
| -3% | -$2.16M |
|
|
DFS
316
DELISTED
Discover Financial Services
DFS
| $80.8M | 0.06% |
682,824
-21,446
| -3% | -$2.54M |
|
317
W.R. Berkley
WRB
$27.4B
| $80.7M | 0.06% |
2,439,070
-38,610
| -2% | -$1.28M |
|
318
Kinder Morgan
KMI
$59.2B
| $80.5M | 0.06% |
4,413,232
-84,398
| -2% | -$1.54M |
|
|
XLNX
319
DELISTED
Xilinx Inc
XLNX
| $80.2M | 0.06% |
554,232
-12,994
| -2% | -$1.88M |
|
320
ResMed
RMD
$40.9B
| $79.9M | 0.06% |
323,983
-13,627
| -4% | -$3.36M |
|
321
Otis Worldwide
OTIS
$34.5B
| $78.6M | 0.06% |
960,875
-26,862
| -3% | -$2.2M |
|
|
PXD
322
DELISTED
Pioneer Natural Resource Co.
PXD
| $78.6M | 0.06% |
483,390
+20,631
| +4% | +$3.35M |
|
323
Welltower
WELL
$113B
| $78.5M | 0.06% |
944,787
-20,268
| -2% | -$1.68M |
|
324
Zscaler
ZS
$44B
| $78.2M | 0.06% |
362,120
-10,123
| -3% | -$2.19M |
|
325
SBA Communications
SBAC
$20.6B
| $77.3M | 0.06% |
242,390
-12,524
| -5% | -$3.99M |
|