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 |
Chubb
CB
|
$44.4M |
| 2 |
Broadcom
AVGO
|
$40.5M |
| 3 |
Chevron
CVX
|
$28.4M |
| 4 |
Weyerhaeuser
WY
|
$27.2M |
| 5 |
Dentsply Sirona
XRAY
|
$21.1M |
Top Sells
| 1 |
CB
CHUBB CORPORATION
CB
|
$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
$37.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$35.7M |
Sector Composition
| 1 | Financials | 15.3% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 13.35% |
| 4 | Industrials | 10.85% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Boeing
BA
$177B
| $210M | 0.34% | 1,651,825 -171,317 | -9% | -$21.7M |
|
52
US Bancorp
USB
$76B
| $206M | 0.33% | 5,086,069 -13,300 | -0.3% | -$540K |
|
53
United Parcel Service
UPS
$74.1B
| $205M | 0.33% | 1,944,226 +20,800 | +1% | +$2.19M |
|
54
Accenture
ACN
$162B
| $202M | 0.33% | 1,750,919 +12,800 | +0.7% | +$1.48M |
|
|
CELG
55
DELISTED
Celgene Corp
CELG
| $202M | 0.33% | 2,018,490 -131,400 | -6% | -$13.2M |
|
56
Lockheed Martin
LMT
$106B
| $201M | 0.32% | 905,532 -19,000 | -2% | -$4.21M |
|
57
Eli Lilly
LLY
$657B
| $197M | 0.32% | 2,736,556 -118,200 | -4% | -$8.51M |
|
58
Nike
NKE
$114B
| $197M | 0.32% | 3,199,520 -6,300 | -0.2% | -$387K |
|
59
Alibaba
BABA
$322B
| $194M | 0.31% | 2,453,760 -33,300 | -1% | -$2.63M |
|
|
WBA
60
DELISTED
Walgreens Boots Alliance
WBA
| $191M | 0.31% | 2,265,544 -46,000 | -2% | -$3.88M |
|
61
Union Pacific
UNP
$133B
| $190M | 0.31% | 2,382,530 -17,100 | -0.7% | -$1.36M |
|
62
American International
AIG
$45.1B
| $189M | 0.3% | 3,492,356 -516,600 | -13% | -$27.9M |
|
63
Costco
COST
$418B
| $183M | 0.3% | 1,162,693 -48,900 | -4% | -$7.71M |
|
64
Colgate-Palmolive
CL
$67.9B
| $177M | 0.29% | 2,503,454 +88,900 | +4% | +$6.28M |
|
65
Duke Energy
DUK
$95.3B
| $177M | 0.28% | 2,188,589 +2,500 | +0.1% | +$202K |
|
66
Simon Property Group
SPG
$59B
| $173M | 0.28% | 833,255 -50,500 | -6% | -$10.5M |
|
67
Mondelez International
MDLZ
$79.5B
| $171M | 0.28% | 4,266,011 -165,200 | -4% | -$6.63M |
|
|
TWX
68
DELISTED
Time Warner Inc
TWX
| $170M | 0.27% | 2,337,685 +17,100 | +0.7% | +$1.24M |
|
|
TWC
69
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $167M | 0.27% | 815,613 -35,500 | -4% | -$7.26M |
|
70
Texas Instruments
TXN
$184B
| $166M | 0.27% | 2,892,240 +25,700 | +0.9% | +$1.48M |
|
71
Goldman Sachs
GS
$226B
| $165M | 0.27% | 1,051,480 -18,800 | -2% | -$2.95M |
|
72
Booking.com
BKNG
$181B
| $164M | 0.26% | 127,059 -4,900 | -4% | -$6.32M |
|
73
NextEra Energy, Inc.
NEE
$148B
| $164M | 0.26% | 1,383,075 -28,900 | -2% | -$3.42M |
|
74
Abbott
ABT
$231B
| $162M | 0.26% | 3,869,729 -151,000 | -4% | -$6.32M |
|
75
ConocoPhillips
COP
$124B
| $161M | 0.26% | 4,008,241 +127,800 | +3% | +$5.15M |
|