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 |
Medtronic
MDT
|
$293M |
| 2 |
Visa
V
|
$274M |
| 3 |
AGN
Allergan plc
AGN
|
$103M |
| 4 |
Starbucks
SBUX
|
$102M |
| 5 |
Marathon Petroleum
MPC
|
$44.3M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$179M |
| 2 |
Wells Fargo
WFC
|
$127M |
| 3 |
Microsoft
MSFT
|
$113M |
| 4 |
Occidental Petroleum
OXY
|
$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Biogen
BIIB
$19.4B
| $247M | 0.37% | 610,399 -131,211 | -18% | -$53M |
|
52
Union Pacific
UNP
$133B
| $242M | 0.36% | 2,533,130 -342,545 | -12% | -$32.7M |
|
53
Honeywell
HON
$139B
| $241M | 0.36% | 2,359,303 -864,005 | -27% | -$88.1M |
|
54
Goldman Sachs
GS
$226B
| $234M | 0.35% | 1,122,680 -332,434 | -23% | -$69.4M |
|
55
ConocoPhillips
COP
$124B
| $226M | 0.34% | 3,682,141 -152,033 | -4% | -$9.34M |
|
56
US Bancorp
USB
$76B
| $221M | 0.33% | 5,091,569 -183,635 | -3% | -$7.97M |
|
|
TWX
57
DELISTED
Time Warner Inc
TWX
| $217M | 0.33% | 2,482,785 -529,092 | -18% | -$46.2M |
|
|
58
Starbucks
SBUX
$100B
| $216M | 0.33% | 4,037,292 +1,911,342 | +90% | +$102M |
|
59
Abbott
ABT
$231B
| $208M | 0.31% | 4,228,029 -589,864 | -12% | -$29M |
|
|
WBA
60
DELISTED
Walgreens Boots Alliance
WBA
| $202M | 0.3% | 2,388,244 -2,025 | -0.1% | -$171K |
|
61
United Parcel Service
UPS
$74.1B
| $193M | 0.29% | 1,987,926 -94,214 | -5% | -$9.13M |
|
62
Lowe's Companies
LOW
$145B
| $192M | 0.29% | 2,867,341 -773,511 | -21% | -$51.8M |
|
63
American Express
AXP
$231B
| $191M | 0.29% | 2,451,826 -167,545 | -6% | -$13M |
|
|
ESRX
64
DELISTED
Express Scripts Holding Company
ESRX
| $190M | 0.29% | 2,139,100 +136,200 | +7% | +$12.1M |
|
65
eBay
EBAY
$41.4B
| $185M | 0.28% | 3,079,169 -76,293 | -2% | -$4.6M |
|
66
Kinder Morgan
KMI
$60B
| $178M | 0.27% | 4,644,732 +109,203 | +2% | +$4.19M |
|
67
Nike
NKE
$114B
| $178M | 0.27% | 1,646,510 -2,500 | -0.2% | -$270K |
|
68
Mondelez International
MDLZ
$79.5B
| $178M | 0.27% | 4,317,411 -789,291 | -15% | -$32.5M |
|
69
Lockheed Martin
LMT
$106B
| $177M | 0.27% | 953,632 -25,442 | -3% | -$4.73M |
|
|
DD
70
DELISTED
Du Pont De Nemours E I
DD
| $174M | 0.26% | 2,728,166 -104,796 | -4% | -$6.7M |
|
71
DuPont de Nemours
DD
$32.2B
| $174M | 0.26% | 3,394,999 -449,812 | -12% | -$23M |
|
|
72
Occidental Petroleum
OXY
$46.9B
| $172M | 0.26% | 2,213,552 -1,242,352 | -36% | -$96.6M |
|
73
Accenture
ACN
$162B
| $171M | 0.26% | 1,769,419 -277,284 | -14% | -$26.8M |
|
74
Colgate-Palmolive
CL
$67.9B
| $169M | 0.25% | 2,581,650 -170,899 | -6% | -$11.2M |
|
75
Costco
COST
$418B
| $168M | 0.25% | 1,241,893 -125,418 | -9% | -$16.9M |
|