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 |
Apollo Global Management
APO
|
$635M |
| 2 |
Mastercard
MA
|
$222M |
| 3 |
Verizon
VZ
|
$198M |
| 4 |
EOG Resources
EOG
|
$105M |
| 5 |
Cognizant
CTSH
|
$51.3M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
$35.3M |
| 3 |
Vodafone
VOD
|
$32.6M |
| 4 |
Voya Financial
VOYA
|
$30.5M |
| 5 |
Walmart
WMT
|
$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.11% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
HP
HPQ
$26.7B
| $253M | 0.36% | 7,796,750 -700,431 | -8% | -$22.7M |
|
|
52
Mastercard
MA
$538B
| $245M | 0.35% | 3,430,788 +3,107,552 | +961% | +$222M |
|
53
Biogen
BIIB
$19.4B
| $235M | 0.34% | 821,756 +25,274 | +3% | +$7.23M |
|
|
TWX
54
DELISTED
Time Warner Inc
TWX
| $234M | 0.33% | 3,586,612 +45,318 | +1% | +$2.96M |
|
55
US Bancorp
USB
$76B
| $234M | 0.33% | 5,589,471 -135,993 | -2% | -$5.68M |
|
56
Goldman Sachs
GS
$226B
| $233M | 0.33% | 1,487,248 -25,637 | -2% | -$4.01M |
|
57
AbbVie
ABBV
$372B
| $215M | 0.31% | 4,380,368 -215,612 | -5% | -$10.6M |
|
58
United Parcel Service
UPS
$74.1B
| $214M | 0.31% | 2,194,595 +27,900 | +1% | +$2.72M |
|
59
Abbott
ABT
$231B
| $201M | 0.29% | 5,334,877 +54,548 | +1% | +$2.05M |
|
|
CELG
60
DELISTED
Celgene Corp
CELG
| $200M | 0.29% | 1,445,246 +109,350 | +8% | +$15.1M |
|
|
MON
61
DELISTED
Monsanto Co
MON
| $197M | 0.28% | 1,743,803 +61,268 | +4% | +$6.92M |
|
62
Eli Lilly
LLY
$657B
| $195M | 0.28% | 3,336,863 -21,581 | -0.6% | -$1.26M |
|
63
Mondelez International
MDLZ
$79.5B
| $194M | 0.28% | 5,604,667 -139,968 | -2% | -$4.84M |
|
64
General Motors
GM
$55.8B
| $193M | 0.28% | 5,590,868 +711,575 | +15% | +$24.6M |
|
65
eBay
EBAY
$41.4B
| $192M | 0.27% | 3,510,821 -168,590 | -5% | -$9.24M |
|
66
Booking.com
BKNG
$181B
| $191M | 0.27% | 160,910 +8,246 | +5% | +$9.79M |
|
67
MetLife
MET
$54.1B
| $191M | 0.27% | 3,694,704 +21,863 | +0.6% | +$1.13M |
|
68
DuPont de Nemours
DD
$32.2B
| $189M | 0.27% | 3,937,442 +46,722 | +1% | +$2.25M |
|
69
Caterpillar
CAT
$196B
| $188M | 0.27% | 1,834,726 -53,082 | -3% | -$5.44M |
|
|
70
EOG Resources
EOG
$68.2B
| $188M | 0.27% | 1,902,750 +1,060,053 | +126% | +$105M |
|
71
Colgate-Palmolive
CL
$67.9B
| $184M | 0.26% | 2,805,033 +67,798 | +2% | +$4.45M |
|
72
Medtronic
MDT
$119B
| $181M | 0.26% | 2,963,212 -112,522 | -4% | -$6.86M |
|
|
DD
73
DELISTED
Du Pont De Nemours E I
DD
| $178M | 0.25% | 2,658,661 -10,155 | -0.4% | -$678K |
|
|
ESRX
74
DELISTED
Express Scripts Holding Company
ESRX
| $173M | 0.25% | 2,378,934 +37,192 | +2% | +$2.71M |
|
75
Lowe's Companies
LOW
$145B
| $173M | 0.25% | 3,695,460 -39,422 | -1% | -$1.84M |
|