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
|
$1.51B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$495M |
| 3 |
Union Pacific
UNP
|
$137M |
| 4 |
CELG
Celgene Corp
CELG
|
$116M |
| 5 |
Comcast
CMCSA
|
$73.1M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$67.3M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$65.9M |
| 3 |
Synovus
SNV
|
$55.9M |
| 4 |
Exxon Mobil
XOM
|
$36.8M |
| 5 |
WFT
Weatherford International plc
WFT
|
$36.7M |
Sector Composition
| 1 | Financials | 15.85% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 12.47% |
| 4 | Industrials | 10.95% |
| 5 | Energy | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Bristol-Myers Squibb
BMY
$96B
| $257M | 0.35% | 5,296,279 +38,186 | +0.7% | +$1.85M |
|
|
TWX
52
DELISTED
Time Warner Inc
TWX
| $252M | 0.34% | 3,583,286 -3,326 | -0.1% | -$234K |
|
53
Goldman Sachs
GS
$226B
| $252M | 0.34% | 1,502,516 +15,268 | +1% | +$2.56M |
|
54
Biogen
BIIB
$19.4B
| $247M | 0.34% | 783,057 -38,699 | -5% | -$12.2M |
|
|
CELG
55
DELISTED
Celgene Corp
CELG
| $241M | 0.33% | 2,800,900 +1,355,654 | +94% | +$116M |
|
56
US Bancorp
USB
$76B
| $237M | 0.32% | 5,465,571 -123,900 | -2% | -$5.37M |
|
57
Mastercard
MA
$538B
| $235M | 0.32% | 3,194,218 -236,570 | -7% | -$17.4M |
|
|
58
SPDR S&P Emerging Markets Small Cap ETF
EWX
$718M
| $222M | 0.3% | 4,413,407 -1,337,709 | -23% | -$67.3M |
|
59
United Parcel Service
UPS
$74.1B
| $219M | 0.3% | 2,135,095 -59,500 | -3% | -$6.11M |
|
60
Abbott
ABT
$231B
| $216M | 0.29% | 5,273,456 -61,421 | -1% | -$2.51M |
|
|
MON
61
DELISTED
Monsanto Co
MON
| $212M | 0.29% | 1,697,621 -46,182 | -3% | -$5.76M |
|
62
General Motors
GM
$55.8B
| $211M | 0.29% | 5,818,765 +227,897 | +4% | +$8.27M |
|
63
EOG Resources
EOG
$68.2B
| $210M | 0.29% | 1,795,460 -107,290 | -6% | -$12.5M |
|
64
Mondelez International
MDLZ
$79.5B
| $210M | 0.29% | 5,572,169 -32,498 | -0.6% | -$1.22M |
|
65
Eli Lilly
LLY
$657B
| $203M | 0.28% | 3,258,193 -78,670 | -2% | -$4.89M |
|
66
Caterpillar
CAT
$196B
| $202M | 0.28% | 1,862,101 +27,375 | +1% | +$2.97M |
|
67
DuPont de Nemours
DD
$32.2B
| $201M | 0.27% | 3,910,407 -27,035 | -0.7% | -$1.39M |
|
68
MetLife
MET
$54.1B
| $197M | 0.27% | 3,547,400 -147,304 | -4% | -$8.18M |
|
69
Morgan Stanley
MS
$240B
| $195M | 0.27% | 6,042,647 +201,687 | +3% | +$6.52M |
|
70
Medtronic
MDT
$119B
| $191M | 0.26% | 3,001,662 +38,450 | +1% | +$2.45M |
|
71
Booking.com
BKNG
$181B
| $191M | 0.26% | 158,843 -2,067 | -1% | -$2.49M |
|
72
Halliburton
HAL
$19.4B
| $188M | 0.26% | 2,653,595 +24,170 | +0.9% | +$1.72M |
|
|
WBA
73
DELISTED
Walgreens Boots Alliance
WBA
| $187M | 0.25% | 2,520,940 +39,300 | +2% | +$2.91M |
|
74
Baidu
BIDU
$32.8B
| $187M | 0.25% | 998,648 +9,756 | +1% | +$1.82M |
|
75
Colgate-Palmolive
CL
$67.9B
| $185M | 0.25% | 2,715,119 -89,914 | -3% | -$6.13M |
|