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 |
Kraft Heinz
KHC
|
$103M |
| 2 |
NETSCOUT
NTCT
|
$102M |
| 3 |
PayPal
PYPL
|
$87.9M |
| 4 |
Netflix
NFLX
|
$87.2M |
| 5 |
AT&T
T
|
$53.9M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
$129M |
| 4 |
Apple
AAPL
|
$56.2M |
| 5 |
Danaher
DHR
|
$50.5M |
Sector Composition
| 1 | Financials | 16.47% |
| 2 | Technology | 14.3% |
| 3 | Healthcare | 14.2% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Union Pacific
UNP
$133B
| $211M | 0.36% | 2,386,430 -146,700 | -6% | -$13M |
|
52
RTX Corp
RTX
$212B
| $204M | 0.35% | 2,294,019 -128,100 | -5% | -$11.4M |
|
53
US Bancorp
USB
$76B
| $204M | 0.35% | 4,968,469 -123,100 | -2% | -$5.05M |
|
54
Nike
NKE
$114B
| $197M | 0.34% | 1,605,410 -41,100 | -2% | -$5.05M |
|
55
Lockheed Martin
LMT
$106B
| $192M | 0.33% | 925,733 -27,899 | -3% | -$5.78M |
|
|
WBA
56
DELISTED
Walgreens Boots Alliance
WBA
| $192M | 0.33% | 2,306,944 -81,300 | -3% | -$6.76M |
|
57
Lowe's Companies
LOW
$145B
| $191M | 0.32% | 2,774,041 -93,300 | -3% | -$6.43M |
|
58
Goldman Sachs
GS
$226B
| $188M | 0.32% | 1,079,580 -43,100 | -4% | -$7.49M |
|
59
Mondelez International
MDLZ
$79.5B
| $185M | 0.32% | 4,429,811 +112,400 | +3% | +$4.71M |
|
60
United Parcel Service
UPS
$74.1B
| $185M | 0.32% | 1,879,326 -108,600 | -5% | -$10.7M |
|
61
ConocoPhillips
COP
$124B
| $184M | 0.31% | 3,828,441 +146,300 | +4% | +$7.02M |
|
62
American Express
AXP
$231B
| $182M | 0.31% | 2,451,026 -800 | -0% | -$59.3K |
|
63
Biogen
BIIB
$19.4B
| $178M | 0.3% | 610,699 +300 | +0% | +$87.5K |
|
64
Costco
COST
$418B
| $175M | 0.3% | 1,209,493 -32,400 | -3% | -$4.68M |
|
|
ESRX
65
DELISTED
Express Scripts Holding Company
ESRX
| $168M | 0.29% | 2,080,500 -58,600 | -3% | -$4.74M |
|
66
Accenture
ACN
$162B
| $166M | 0.28% | 1,694,219 -75,200 | -4% | -$7.39M |
|
67
Abbott
ABT
$231B
| $166M | 0.28% | 4,124,029 -104,000 | -2% | -$4.18M |
|
|
TWX
68
DELISTED
Time Warner Inc
TWX
| $162M | 0.28% | 2,362,685 -120,100 | -5% | -$8.26M |
|
69
Simon Property Group
SPG
$59B
| $162M | 0.28% | 883,355 +2,000 | +0.2% | +$367K |
|
70
Booking.com
BKNG
$181B
| $160M | 0.27% | 129,759 -2,100 | -2% | -$2.6M |
|
71
Duke Energy
DUK
$95.3B
| $159M | 0.27% | 2,211,289 +79,300 | +4% | +$5.7M |
|
72
Colgate-Palmolive
CL
$67.9B
| $155M | 0.26% | 2,445,150 -136,500 | -5% | -$8.66M |
|
73
Occidental Petroleum
OXY
$46.9B
| $151M | 0.26% | 2,285,252 +71,700 | +3% | +$4.74M |
|
|
TWC
74
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $149M | 0.25% | 832,713 -700 | -0.1% | -$126K |
|
75
Target
TGT
$43.6B
| $147M | 0.25% | 1,873,161 -65,700 | -3% | -$5.17M |
|