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 |
TJX Companies
TJX
|
$196M |
| 3 |
PepsiCo
PEP
|
$177M |
| 4 |
Procter & Gamble
PG
|
$156M |
| 5 |
Linde
LIN
|
$155M |
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 | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Home Depot
HD
$405B
| $469M | 0.66% | 2,728,404 +43,127 | +2% | +$7.41M |
|
27
Walmart
WMT
$774B
| $454M | 0.64% | 4,874,215 +679,254 | +16% | +$63.3M |
|
28
Wells Fargo
WFC
$263B
| $454M | 0.64% | 9,845,420 -733,675 | -7% | -$33.8M |
|
29
Accenture
ACN
$162B
| $447M | 0.63% | 3,169,040 +893,625 | +39% | +$126M |
|
30
NextEra Energy, Inc.
NEE
$148B
| $418M | 0.59% | 2,403,003 +714,878 | +42% | +$124M |
|
31
Comcast
CMCSA
$125B
| $386M | 0.54% | 11,338,026 +447,981 | +4% | +$15.3M |
|
|
32
Alphabet (Google) Class C
GOOG
$2.58T
| $376M | 0.53% | 362,987 +147,043 | +68% | +$152M |
|
|
ATH
33
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $375M | 0.53% | 8,652,105 +89,162 | +1% | +$3.86M |
|
34
Medtronic
MDT
$119B
| $366M | 0.51% | 4,028,204 +621,509 | +18% | +$56.5M |
|
35
Walt Disney
DIS
$213B
| $351M | 0.49% | 3,200,034 -99,861 | -3% | -$10.9M |
|
36
Lockheed Martin
LMT
$106B
| $339M | 0.48% | 1,294,842 +373,997 | +41% | +$97.9M |
|
37
Eli Lilly
LLY
$657B
| $338M | 0.47% | 2,924,700 +408,954 | +16% | +$47.3M |
|
38
Boeing
BA
$177B
| $336M | 0.47% | 1,040,788 -92,783 | -8% | -$29.9M |
|
39
Oracle
ORCL
$635B
| $335M | 0.47% | 7,413,638 -188,050 | -2% | -$8.49M |
|
40
Duke Energy
DUK
$95.3B
| $317M | 0.44% | 3,670,187 +1,168,510 | +47% | +$101M |
|
41
Citigroup
C
$178B
| $311M | 0.44% | 5,980,945 -329,699 | -5% | -$17.2M |
|
42
RTX Corp
RTX
$212B
| $311M | 0.44% | 2,921,445 +665,895 | +30% | +$70.9M |
|
|
43
TJX Companies
TJX
$152B
| $307M | 0.43% | 6,853,780 +4,380,010 | +177% | +$196M |
|
44
Amgen
AMGN
$155B
| $305M | 0.43% | 1,568,596 -92,401 | -6% | -$18M |
|
45
Berkshire Hathaway Class A
BRK.A
$1.09T
| $296M | 0.42% | 968 -54 | -5% | -$16.5M |
|
46
Chubb
CB
$110B
| $295M | 0.41% | 2,285,170 +682,125 | +43% | +$88.1M |
|
47
IBM
IBM
$227B
| $289M | 0.41% | 2,542,390 +189,237 | +8% | +$21.5M |
|
48
AbbVie
ABBV
$372B
| $277M | 0.39% | 3,003,715 -215,431 | -7% | -$19.9M |
|
49
Honeywell
HON
$139B
| $274M | 0.38% | 2,076,648 +163,534 | +9% | +$21.6M |
|
50
Alibaba
BABA
$322B
| $262M | 0.37% | 1,910,964 -130,809 | -6% | -$17.9M |
|