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 |
Intercontinental Exchange
ICE
|
$52.5M |
| 2 |
Coty
COTY
|
$42M |
| 3 |
Monster Beverage
MNST
|
$26.6M |
| 4 |
Yum China
YUMC
|
$22.3M |
| 5 |
Howmet Aerospace
HWM
|
$19M |
Top Sells
| 1 |
Apple
AAPL
|
$99.5M |
| 2 |
Alcoa
AA
|
$84.6M |
| 3 |
Synchrony
SYF
|
$72.8M |
| 4 |
Microsoft
MSFT
|
$68.4M |
| 5 |
JPMorgan Chase
JPM
|
$63.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 14.39% |
| 3 | Healthcare | 12.29% |
| 4 | Industrials | 11.07% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Bristol-Myers Squibb
BMY
$96B
| $210M | 0.35% | 3,592,674 -337,300 | -9% | -$19.7M |
|
52
American International
AIG
$45.1B
| $202M | 0.34% | 3,099,756 -109,700 | -3% | -$7.16M |
|
53
CVS Health
CVS
$92.8B
| $198M | 0.33% | 2,509,816 -215,760 | -8% | -$17M |
|
54
United Parcel Service
UPS
$74.1B
| $193M | 0.32% | 1,682,926 -101,900 | -6% | -$11.7M |
|
|
TWX
55
DELISTED
Time Warner Inc
TWX
| $192M | 0.32% | 1,994,166 -140,419 | -7% | -$13.6M |
|
56
Alibaba
BABA
$322B
| $185M | 0.31% | 2,110,760 -172,300 | -8% | -$15.1M |
|
57
ConocoPhillips
COP
$124B
| $184M | 0.31% | 3,678,441 -43,400 | -1% | -$2.18M |
|
58
Texas Instruments
TXN
$184B
| $182M | 0.3% | 2,488,340 -175,000 | -7% | -$12.8M |
|
59
Starbucks
SBUX
$100B
| $180M | 0.3% | 3,233,540 -256,352 | -7% | -$14.2M |
|
60
Accenture
ACN
$162B
| $178M | 0.3% | 1,520,919 -93,800 | -6% | -$11M |
|
61
Eli Lilly
LLY
$657B
| $177M | 0.3% | 2,410,856 -70,000 | -3% | -$5.15M |
|
62
Lockheed Martin
LMT
$106B
| $176M | 0.3% | 706,103 -52,100 | -7% | -$13M |
|
|
AGN
63
DELISTED
Allergan plc
AGN
| $167M | 0.28% | 794,186 -36,930 | -4% | -$7.76M |
|
64
Mondelez International
MDLZ
$79.5B
| $162M | 0.27% | 3,660,611 -194,000 | -5% | -$8.6M |
|
|
WBA
65
DELISTED
Walgreens Boots Alliance
WBA
| $162M | 0.27% | 1,957,744 -33,800 | -2% | -$2.8M |
|
|
DD
66
DELISTED
Du Pont De Nemours E I
DD
| $162M | 0.27% | 2,203,766 -120,800 | -5% | -$8.87M |
|
67
Costco
COST
$418B
| $161M | 0.27% | 1,007,955 -93,938 | -9% | -$15M |
|
68
PNC Financial Services
PNC
$81.7B
| $161M | 0.27% | 1,379,057 -52,600 | -4% | -$6.15M |
|
69
DuPont de Nemours
DD
$32.2B
| $159M | 0.27% | 2,776,190 -147,300 | -5% | -$8.43M |
|
70
American Express
AXP
$231B
| $159M | 0.27% | 2,141,526 -143,500 | -6% | -$10.6M |
|
71
Booking.com
BKNG
$181B
| $158M | 0.27% | 107,830 -8,629 | -7% | -$12.7M |
|
72
Duke Energy
DUK
$95.3B
| $153M | 0.26% | 1,970,489 -82,600 | -4% | -$6.41M |
|
73
Lowe's Companies
LOW
$145B
| $153M | 0.26% | 2,144,420 -358,421 | -14% | -$25.5M |
|
74
Caterpillar
CAT
$196B
| $149M | 0.25% | 1,604,735 -63,100 | -4% | -$5.85M |
|
75
NextEra Energy, Inc.
NEE
$148B
| $149M | 0.25% | 1,244,859 -15,316 | -1% | -$1.83M |
|