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 |
IBM
IBM
|
$170M |
| 2 |
Mondelez International
MDLZ
|
$92M |
| 3 |
Warner Bros
WBD
|
$86.5M |
| 4 |
Roper Technologies
ROP
|
$82.7M |
| 5 |
Keurig Dr Pepper
KDP
|
$74.1M |
Top Sells
| 1 |
Apple
AAPL
|
$242M |
| 2 |
Microsoft
MSFT
|
$207M |
| 3 |
AT&T
T
|
$206M |
| 4 |
Amazon
AMZN
|
$198M |
| 5 |
CERN
Cerner Corp
CERN
|
$180M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
301
Edison International
EIX
$21B
| $60.4M | 0.06% |
954,953
-34,772
| -4% | -$2.2M |
|
302
Microchip Technology
MCHP
$35.6B
| $59.7M | 0.06% |
1,028,137
-57,466
| -5% | -$3.34M |
|
303
ResMed
RMD
$40.6B
| $59.6M | 0.06% |
284,459
-13,306
| -4% | -$2.79M |
|
304
Bank of New York Mellon
BK
$73.1B
| $59.4M | 0.06% |
1,424,495
-90,372
| -6% | -$3.77M |
|
305
lululemon athletica
LULU
$19.9B
| $59.1M | 0.06% |
216,824
-13,712
| -6% | -$3.74M |
|
306
Hilton Worldwide
HLT
$64B
| $58.7M | 0.05% |
526,339
-30,508
| -5% | -$3.4M |
|
307
International Flavors & Fragrances
IFF
$16.9B
| $58.6M | 0.05% |
492,017
-17,849
| -4% | -$2.13M |
|
|
HES
308
DELISTED
Hess
HES
| $58.4M | 0.05% |
551,605
-20,183
| -4% | -$2.14M |
|
309
Trane Technologies
TT
$92.1B
| $57.9M | 0.05% |
445,604
-26,930
| -6% | -$3.5M |
|
310
Idexx Laboratories
IDXX
$51.4B
| $57.8M | 0.05% |
164,809
-10,510
| -6% | -$3.69M |
|
311
Carrier Global
CARR
$55.8B
| $56.7M | 0.05% |
1,589,559
-107,702
| -6% | -$3.84M |
|
312
DexCom
DXCM
$31.6B
| $56.4M | 0.05% |
756,247
-30,537
| -4% | -$2.28M |
|
313
TransDigm Group
TDG
$71.6B
| $56.3M | 0.05% |
104,922
-4,473
| -4% | -$2.4M |
|
314
M&T Bank
MTB
$31.2B
| $56M | 0.05% |
351,568
+84,391
| +32% | +$13.5M |
|
315
Otis Worldwide
OTIS
$34.1B
| $55.8M | 0.05% |
789,838
-55,634
| -7% | -$3.93M |
|
316
Nucor
NUE
$33.8B
| $55.6M | 0.05% |
532,278
-43,264
| -8% | -$4.52M |
|
317
Rollins
ROL
$27.4B
| $55.5M | 0.05% |
1,589,515
-31,824
| -2% | -$1.11M |
|
318
AvalonBay Communities
AVB
$27.8B
| $54.9M | 0.05% |
282,629
-11,391
| -4% | -$2.21M |
|
319
DuPont de Nemours
DD
$32.6B
| $54.6M | 0.05% |
982,950
-67,687
| -6% | -$3.76M |
|
320
Halliburton
HAL
$18.8B
| $54.4M | 0.05% |
1,735,209
-66,937
| -4% | -$2.1M |
|
321
Ameriprise Financial
AMP
$46.1B
| $54.3M | 0.05% |
228,665
-12,210
| -5% | -$2.9M |
|
322
Veeva Systems
VEEV
$44.7B
| $54.1M | 0.05% |
273,379
-12,257
| -4% | -$2.43M |
|
323
Cummins
CMI
$55.1B
| $53.9M | 0.05% |
278,386
-15,303
| -5% | -$2.96M |
|
324
PACCAR
PCAR
$52B
| $53.8M | 0.05% |
980,463
-73,445
| -7% | -$4.03M |
|
|
TWTR
325
DELISTED
Twitter, Inc.
TWTR
| $53.8M | 0.05% |
1,439,219
-112,402
| -7% | -$4.2M |
|