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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$224M |
| 3 |
Aflac
AFL
|
$52.6M |
| 4 |
Fiserv
FI
|
$36.2M |
| 5 |
JOBS
51job, Inc.
JOBS
|
$26.8M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$312M |
| 2 |
Amazon
AMZN
|
$153M |
| 3 |
Johnson & Johnson
JNJ
|
$75.8M |
| 4 |
Microsoft
MSFT
|
$69.7M |
| 5 |
Honeywell
HON
|
$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.6% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Accenture
ACN
$162B
| $239M | 0.34% | 1,558,827 -116,191 | -7% | -$17.8M |
|
52
RTX Corp
RTX
$212B
| $236M | 0.34% | 1,873,960 -129,016 | -6% | -$16.2M |
|
53
Adobe
ADBE
$151B
| $235M | 0.33% | 1,085,944 -88,150 | -8% | -$19M |
|
54
Abbott
ABT
$231B
| $233M | 0.33% | 3,892,989 -189,031 | -5% | -$11.3M |
|
55
Booking.com
BKNG
$181B
| $225M | 0.32% | 108,226 -6,976 | -6% | -$14.5M |
|
56
Schlumberger
SLB
$55B
| $217M | 0.31% | 3,352,789 -40,200 | -1% | -$2.6M |
|
57
Goldman Sachs
GS
$226B
| $215M | 0.31% | 852,420 -8,175 | -0.9% | -$2.06M |
|
58
Caterpillar
CAT
$196B
| $214M | 0.31% | 1,454,363 -20,270 | -1% | -$2.99M |
|
59
Nike
NKE
$114B
| $211M | 0.3% | 3,181,076 -73,891 | -2% | -$4.91M |
|
60
US Bancorp
USB
$76B
| $210M | 0.3% | 4,155,192 -253,808 | -6% | -$12.8M |
|
61
Broadcom
AVGO
$1.4T
| $203M | 0.29% | 862,400 -14,590 | -2% | -$3.44M |
|
62
ConocoPhillips
COP
$124B
| $198M | 0.28% | 3,344,185 -186,751 | -5% | -$11.1M |
|
63
Starbucks
SBUX
$100B
| $198M | 0.28% | 3,420,832 -2,810 | -0.1% | -$163K |
|
64
Lockheed Martin
LMT
$106B
| $198M | 0.28% | 585,988 -95,299 | -14% | -$32.2M |
|
65
PNC Financial Services
PNC
$81.7B
| $198M | 0.28% | 1,305,925 -120,811 | -8% | -$18.3M |
|
66
Costco
COST
$418B
| $196M | 0.28% | 1,042,623 -71,907 | -6% | -$13.5M |
|
67
Lowe's Companies
LOW
$145B
| $196M | 0.28% | 2,236,326 -46,262 | -2% | -$4.06M |
|
68
Qualcomm
QCOM
$173B
| $195M | 0.28% | 3,511,941 -51,313 | -1% | -$2.84M |
|
69
American Express
AXP
$231B
| $187M | 0.27% | 1,999,742 +6,273 | +0.3% | +$585K |
|
70
Eli Lilly
LLY
$657B
| $183M | 0.26% | 2,358,856 -298,256 | -11% | -$23.1M |
|
71
NextEra Energy, Inc.
NEE
$148B
| $182M | 0.26% | 1,115,834 -241,489 | -18% | -$39.4M |
|
72
Thermo Fisher Scientific
TMO
$186B
| $182M | 0.26% | 882,634 -58,190 | -6% | -$12M |
|
|
TWX
73
DELISTED
Time Warner Inc
TWX
| $178M | 0.25% | 1,881,256 -134,818 | -7% | -$12.8M |
|
74
CVS Health
CVS
$92.8B
| $176M | 0.25% | 2,824,813 +42,590 | +2% | +$2.65M |
|
75
PayPal
PYPL
$67.1B
| $174M | 0.25% | 2,298,812 -139,893 | -6% | -$10.6M |
|