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 |
Comcast
CMCSA
|
$209M |
| 2 |
YHOO
Yahoo Inc
YHOO
|
$84.3M |
| 3 |
Zoetis
ZTS
|
$65.3M |
| 4 |
Yum! Brands
YUM
|
$53.2M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$45.7M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$122M |
| 2 |
Apple
AAPL
|
$61.9M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
$57.7M |
| 4 |
STJ
St Jude Medical
STJ
|
$53.3M |
| 5 |
Microsoft
MSFT
|
$51.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 15.06% |
| 3 | Healthcare | 12.81% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Goldman Sachs
GS
$226B
| $206M | 0.34% | 894,880 -36,300 | -4% | -$8.34M |
|
52
Eli Lilly
LLY
$657B
| $201M | 0.33% | 2,387,856 -23,000 | -1% | -$1.93M |
|
53
Qualcomm
QCOM
$173B
| $200M | 0.33% | 3,494,344 -114,800 | -3% | -$6.58M |
|
54
Texas Instruments
TXN
$184B
| $194M | 0.32% | 2,404,840 -83,500 | -3% | -$6.73M |
|
55
CVS Health
CVS
$92.8B
| $192M | 0.31% | 2,447,916 -61,900 | -2% | -$4.86M |
|
56
Lockheed Martin
LMT
$106B
| $189M | 0.31% | 706,603 +500 | +0.1% | +$134K |
|
57
Accenture
ACN
$162B
| $188M | 0.31% | 1,571,419 +50,500 | +3% | +$6.05M |
|
58
DuPont de Nemours
DD
$32.2B
| $187M | 0.31% | 2,943,990 +167,800 | +6% | +$10.7M |
|
|
TWX
59
DELISTED
Time Warner Inc
TWX
| $187M | 0.31% | 1,914,066 -80,100 | -4% | -$7.83M |
|
60
Booking.com
BKNG
$181B
| $184M | 0.3% | 103,630 -4,200 | -4% | -$7.48M |
|
61
Starbucks
SBUX
$100B
| $182M | 0.3% | 3,119,540 -114,000 | -4% | -$6.66M |
|
|
AGN
62
DELISTED
Allergan plc
AGN
| $181M | 0.3% | 759,186 -35,000 | -4% | -$8.36M |
|
63
American International
AIG
$45.1B
| $178M | 0.29% | 2,857,956 -241,800 | -8% | -$15.1M |
|
64
ConocoPhillips
COP
$124B
| $177M | 0.29% | 3,539,341 -139,100 | -4% | -$6.94M |
|
65
Broadcom
AVGO
$1.4T
| $175M | 0.29% | 800,714 +5,400 | +0.7% | +$1.18M |
|
|
DD
66
DELISTED
Du Pont De Nemours E I
DD
| $172M | 0.28% | 2,145,466 -58,300 | -3% | -$4.68M |
|
67
PNC Financial Services
PNC
$81.7B
| $172M | 0.28% | 1,431,157 +52,100 | +4% | +$6.26M |
|
68
Lowe's Companies
LOW
$145B
| $172M | 0.28% | 2,090,620 -53,800 | -3% | -$4.42M |
|
69
Abbott
ABT
$231B
| $170M | 0.28% | 3,832,235 +457,606 | +14% | +$20.3M |
|
|
YHOO
70
DELISTED
Yahoo Inc
YHOO
| $170M | 0.28% | 3,998,800 +1,983,600 | +98% | +$84.3M |
|
|
WBA
71
DELISTED
Walgreens Boots Alliance
WBA
| $169M | 0.28% | 2,038,244 +80,500 | +4% | +$6.69M |
|
72
United Parcel Service
UPS
$74.1B
| $168M | 0.27% | 1,565,326 -117,600 | -7% | -$12.6M |
|
73
Costco
COST
$418B
| $167M | 0.27% | 994,255 -13,700 | -1% | -$2.3M |
|
74
American Express
AXP
$231B
| $166M | 0.27% | 2,097,026 -44,500 | -2% | -$3.52M |
|
75
Duke Energy
DUK
$95.3B
| $159M | 0.26% | 1,937,489 -33,000 | -2% | -$2.71M |
|