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 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
Alibaba
BABA
|
$274M |
| 3 |
Verizon
VZ
|
$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 5 |
Amazon
AMZN
|
$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
$185M |
| 2 |
CELG
Celgene Corp
CELG
|
$168M |
| 3 |
Procter & Gamble
PG
|
$121M |
| 4 |
Honeywell
HON
|
$109M |
| 5 |
Progressive
PGR
|
$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Bank of America
BAC
$376B
| $702M | 0.64% | 19,941,819 +119,198 | +0.6% | +$4.2M |
|
27
Exxon Mobil
XOM
$487B
| $702M | 0.64% | 10,060,987 -397,202 | -4% | -$27.7M |
|
28
Intel
INTC
$107B
| $688M | 0.62% | 11,494,566 -707,007 | -6% | -$42.3M |
|
29
Mastercard
MA
$538B
| $645M | 0.58% | 2,159,198 +128,271 | +6% | +$38.3M |
|
30
Comcast
CMCSA
$125B
| $603M | 0.55% | 13,419,970 +228,250 | +2% | +$10.3M |
|
31
American Tower
AMT
$95.5B
| $598M | 0.54% | 2,600,557 +236,870 | +10% | +$54.4M |
|
32
Alphabet (Google) Class C
GOOG
$2.58T
| $597M | 0.54% | 446,258 -5,893 | -1% | -$7.88M |
|
33
Chubb
CB
$110B
| $587M | 0.53% | 3,771,019 +60,186 | +2% | +$9.37M |
|
34
Medtronic
MDT
$119B
| $578M | 0.52% | 5,092,197 -32,857 | -0.6% | -$3.73M |
|
35
Chevron
CVX
$324B
| $572M | 0.52% | 4,745,491 -736,956 | -13% | -$88.8M |
|
36
Eli Lilly
LLY
$657B
| $542M | 0.49% | 4,120,898 +23,977 | +0.6% | +$3.15M |
|
37
Duke Energy
DUK
$95.3B
| $527M | 0.48% | 5,777,266 -42,804 | -0.7% | -$3.9M |
|
38
Southern Company
SO
$102B
| $526M | 0.48% | 8,262,196 +26,412 | +0.3% | +$1.68M |
|
39
TJX Companies
TJX
$152B
| $511M | 0.46% | 8,360,769 -613,406 | -7% | -$37.5M |
|
40
Wells Fargo
WFC
$263B
| $503M | 0.46% | 9,357,797 -217,036 | -2% | -$11.7M |
|
41
Bristol-Myers Squibb
BMY
$96B
| $502M | 0.45% | 7,827,076 +1,532,029 | +24% | +$98.3M |
|
42
Crown Castle
CCI
$43.2B
| $487M | 0.44% | 3,422,908 +76,376 | +2% | +$10.9M |
|
43
Lockheed Martin
LMT
$106B
| $471M | 0.43% | 1,209,732 +33,895 | +3% | +$13.2M |
|
44
Fidelity National Information Services
FIS
$36.5B
| $471M | 0.43% | 3,383,010 +4,886 | +0.1% | +$680K |
|
45
Marsh & McLennan
MMC
$101B
| $464M | 0.42% | 4,160,400 -2,274 | -0.1% | -$253K |
|
46
Dominion Energy
D
$51.1B
| $433M | 0.39% | 5,231,641 +217,165 | +4% | +$18M |
|
47
Texas Instruments
TXN
$184B
| $433M | 0.39% | 3,373,772 -12,376 | -0.4% | -$1.59M |
|
48
Fiserv
FI
$75.1B
| $432M | 0.39% | 3,737,687 +12,653 | +0.3% | +$1.46M |
|
49
Citigroup
C
$178B
| $424M | 0.38% | 5,306,560 -413,515 | -7% | -$33M |
|
50
Aon
AON
$79.1B
| $409M | 0.37% | 1,964,694 -37,689 | -2% | -$7.85M |
|