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 |
Kinder Morgan
KMI
|
$115M |
| 2 |
Enterprise Products Partners
EPD
|
$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
$41.2M |
| 4 |
Alibaba
BABA
|
$36.6M |
| 5 |
Annaly Capital Management
NLY
|
$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
$207M |
| 2 |
Medtronic
MDT
|
$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
ConocoPhillips
COP
$124B
| $251M | 0.35% | 3,834,174 -228,470 | -6% | -$15M |
|
52
McDonald's
MCD
$224B
| $244M | 0.34% | 2,728,685 -162,160 | -6% | -$14.5M |
|
|
TWX
53
DELISTED
Time Warner Inc
TWX
| $243M | 0.34% | 3,011,877 -445,497 | -13% | -$35.9M |
|
54
American International
AIG
$45.1B
| $239M | 0.33% | 4,729,757 -217,044 | -4% | -$11M |
|
55
Mastercard
MA
$538B
| $235M | 0.32% | 2,871,395 -320,683 | -10% | -$26.2M |
|
56
Baidu
BIDU
$32.8B
| $228M | 0.31% | 1,002,348 -7,200 | -0.7% | -$1.64M |
|
57
US Bancorp
USB
$76B
| $227M | 0.31% | 5,275,204 -174,000 | -3% | -$7.48M |
|
58
Boeing
BA
$177B
| $226M | 0.31% | 1,708,653 -443,459 | -21% | -$58.7M |
|
59
Eli Lilly
LLY
$657B
| $225M | 0.31% | 3,129,825 -61,431 | -2% | -$4.41M |
|
60
American Express
AXP
$231B
| $216M | 0.3% | 2,619,371 -147,925 | -5% | -$12.2M |
|
61
Morgan Stanley
MS
$240B
| $211M | 0.29% | 6,073,419 +71,112 | +1% | +$2.46M |
|
62
Abbott
ABT
$231B
| $210M | 0.29% | 4,817,893 -361,530 | -7% | -$15.8M |
|
63
United Parcel Service
UPS
$74.1B
| $210M | 0.29% | 2,082,140 +139,000 | +7% | +$14M |
|
|
AGN
64
DELISTED
Allergan plc
AGN
| $208M | 0.29% | 742,579 -23,514 | -3% | -$6.59M |
|
|
DD
65
DELISTED
Du Pont De Nemours E I
DD
| $207M | 0.29% | 2,832,962 +195,326 | +7% | +$14.3M |
|
66
Texas Instruments
TXN
$184B
| $195M | 0.27% | 3,563,416 +271,616 | +8% | +$14.9M |
|
67
Duke Energy
DUK
$95.3B
| $193M | 0.27% | 2,175,219 -41,471 | -2% | -$3.68M |
|
68
Costco
COST
$418B
| $193M | 0.27% | 1,367,311 +13,919 | +1% | +$1.96M |
|
|
69
Kinder Morgan
KMI
$60B
| $192M | 0.27% | 4,535,529 +2,701,317 | +147% | +$115M |
|
70
Starbucks
SBUX
$100B
| $188M | 0.26% | 2,125,950 -170,267 | -7% | -$15M |
|
71
Simon Property Group
SPG
$59B
| $187M | 0.26% | 913,705 +9,501 | +1% | +$1.94M |
|
72
Lockheed Martin
LMT
$106B
| $187M | 0.26% | 979,074 +57,300 | +6% | +$10.9M |
|
73
Mondelez International
MDLZ
$79.5B
| $184M | 0.25% | 5,106,702 -314,075 | -6% | -$11.3M |
|
|
MON
74
DELISTED
Monsanto Co
MON
| $182M | 0.25% | 1,533,982 -96,158 | -6% | -$11.4M |
|
75
Colgate-Palmolive
CL
$67.9B
| $181M | 0.25% | 2,752,549 -81,247 | -3% | -$5.33M |
|