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 |
Exxon Mobil
XOM
|
$1.12B |
| 2 |
Apple
AAPL
|
$961M |
| 3 |
Microsoft
MSFT
|
$719M |
| 4 |
GE Aerospace
GE
|
$679M |
| 5 |
Johnson & Johnson
JNJ
|
$661M |
Top Sells
Sector Composition
| 1 | Financials | 15.68% |
| 2 | Technology | 13.22% |
| 3 | Healthcare | 11.84% |
| 4 | Industrials | 10.81% |
| 5 | Energy | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Honeywell
HON
$139B
| $167M | 0.34% |
+2,107,786
| New | +$167M |
|
52
United Parcel Service
UPS
$74.1B
| $164M | 0.33% |
+1,900,871
| New | +$164M |
|
53
HP
HPQ
$26.7B
| $160M | 0.32% |
+6,439,943
| New | +$160M |
|
54
Ford
F
$46.8B
| $159M | 0.32% |
+10,247,424
| New | +$159M |
|
|
TWX
55
DELISTED
Time Warner Inc
TWX
| $158M | 0.32% |
+2,732,112
| New | +$158M |
|
56
Mastercard
MA
$538B
| $157M | 0.31% |
+272,596
| New | +$157M |
|
57
eBay
EBAY
$41.4B
| $157M | 0.31% |
+3,027,444
| New | +$157M |
|
58
Abbott
ABT
$231B
| $149M | 0.3% |
+4,280,020
| New | +$149M |
|
59
Colgate-Palmolive
CL
$67.9B
| $145M | 0.29% |
+2,525,524
| New | +$145M |
|
60
Medtronic
MDT
$119B
| $144M | 0.29% |
+2,790,945
| New | +$144M |
|
61
Mondelez International
MDLZ
$79.5B
| $144M | 0.29% |
+5,034,877
| New | +$144M |
|
62
Caterpillar
CAT
$196B
| $144M | 0.29% |
+1,741,294
| New | +$144M |
|
63
Eli Lilly
LLY
$657B
| $141M | 0.28% |
+2,869,846
| New | +$141M |
|
|
MON
64
DELISTED
Monsanto Co
MON
| $137M | 0.27% |
+1,382,610
| New | +$137M |
|
65
Lowe's Companies
LOW
$145B
| $129M | 0.26% |
+3,154,642
| New | +$129M |
|
|
DD
66
DELISTED
Du Pont De Nemours E I
DD
| $128M | 0.26% |
+2,438,531
| New | +$128M |
|
67
Duke Energy
DUK
$95.3B
| $127M | 0.26% |
+1,886,861
| New | +$127M |
|
68
Biogen
BIIB
$19.4B
| $127M | 0.25% |
+589,213
| New | +$127M |
|
|
EMC
69
DELISTED
EMC CORPORATION
EMC
| $127M | 0.25% |
+5,357,231
| New | +$127M |
|
70
Target
TGT
$43.6B
| $127M | 0.25% |
+1,837,054
| New | +$127M |
|
71
Costco
COST
$418B
| $126M | 0.25% |
+1,140,209
| New | +$126M |
|
|
ESRX
72
DELISTED
Express Scripts Holding Company
ESRX
| $123M | 0.25% |
+2,001,212
| New | +$123M |
|
73
Simon Property Group
SPG
$59B
| $123M | 0.25% |
+777,383
| New | +$123M |
|
|
CELG
74
DELISTED
Celgene Corp
CELG
| $122M | 0.24% |
+1,043,961
| New | +$122M |
|
75
MetLife
MET
$54.1B
| $121M | 0.24% |
+2,640,915
| New | +$121M |
|