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 |
Apple
AAPL
|
$204M |
| 2 |
Exxon Mobil
XOM
|
$181M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$158M |
| 4 |
Microsoft
MSFT
|
$144M |
| 5 |
Wells Fargo
WFC
|
$129M |
Top Sells
| 1 |
DELL
DELL INC
DELL
|
$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
$50M |
| 3 |
NYX
NYSE EURONEXT INC
NYX
|
$31.4M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$31.4M |
| 5 |
Perrigo
PRGO
|
$28.7M |
Sector Composition
| 1 | Financials | 15.94% |
| 2 | Technology | 13.6% |
| 3 | Healthcare | 12.04% |
| 4 | Industrials | 11.44% |
| 5 | Energy | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWX
51
DELISTED
Time Warner Inc
TWX
| $248M | 0.36% | 3,541,294 +820,527 | +30% | +$57.4M |
|
52
AbbVie
ABBV
$372B
| $244M | 0.35% | 4,595,980 +404,997 | +10% | +$21.5M |
|
53
Union Pacific
UNP
$133B
| $243M | 0.35% | 1,462,445 +209,022 | +17% | +$34.8M |
|
54
HP
HPQ
$26.7B
| $241M | 0.35% | 8,497,181 +2,007,684 | +31% | +$56.8M |
|
55
US Bancorp
USB
$76B
| $232M | 0.34% | 5,725,464 +497,924 | +10% | +$20.2M |
|
56
United Parcel Service
UPS
$74.1B
| $227M | 0.33% | 2,166,695 +238,562 | +12% | +$25M |
|
|
CELG
57
DELISTED
Celgene Corp
CELG
| $226M | 0.33% | 1,335,896 +281,738 | +27% | +$47.7M |
|
58
Biogen
BIIB
$19.4B
| $224M | 0.32% | 796,482 +201,714 | +34% | +$56.8M |
|
59
General Motors
GM
$55.8B
| $203M | 0.29% | 4,879,293 +2,330,993 | +91% | +$96.8M |
|
60
Abbott
ABT
$231B
| $203M | 0.29% | 5,280,329 +822,546 | +18% | +$31.5M |
|
61
Mondelez International
MDLZ
$79.5B
| $201M | 0.29% | 5,744,635 +533,614 | +10% | +$18.6M |
|
62
eBay
EBAY
$41.4B
| $199M | 0.29% | 3,679,411 +645,514 | +21% | +$34.9M |
|
63
MetLife
MET
$54.1B
| $198M | 0.29% | 3,672,841 +975,075 | +36% | +$52.7M |
|
|
MON
64
DELISTED
Monsanto Co
MON
| $194M | 0.28% | 1,682,535 +289,887 | +21% | +$33.4M |
|
65
Lowe's Companies
LOW
$145B
| $183M | 0.27% | 3,734,882 +572,515 | +18% | +$28.1M |
|
66
Morgan Stanley
MS
$240B
| $183M | 0.26% | 5,873,796 +1,570,925 | +37% | +$48.9M |
|
67
Booking.com
BKNG
$181B
| $182M | 0.26% | 152,664 +28,355 | +23% | +$33.7M |
|
68
Starbucks
SBUX
$100B
| $179M | 0.26% | 2,268,904 +426,952 | +23% | +$33.7M |
|
69
Colgate-Palmolive
CL
$67.9B
| $177M | 0.26% | 2,737,235 +166,625 | +6% | +$10.8M |
|
70
Medtronic
MDT
$119B
| $177M | 0.26% | 3,075,734 +247,438 | +9% | +$14.2M |
|
71
DuPont de Nemours
DD
$32.2B
| $175M | 0.25% | 3,890,720 +665,959 | +21% | +$29.9M |
|
72
Caterpillar
CAT
$196B
| $172M | 0.25% | 1,887,808 +119,845 | +7% | +$10.9M |
|
|
DD
73
DELISTED
Du Pont De Nemours E I
DD
| $171M | 0.25% | 2,668,816 +196,462 | +8% | +$12.6M |
|
74
Eli Lilly
LLY
$657B
| $171M | 0.25% | 3,358,444 +449,312 | +15% | +$22.9M |
|
75
Emerson Electric
EMR
$74.3B
| $171M | 0.25% | 2,436,374 +398,834 | +20% | +$28M |
|