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 |
Walt Disney
DIS
|
$134M |
| 2 |
PepsiCo
PEP
|
$132M |
| 3 |
Coca-Cola
KO
|
$126M |
| 4 |
Procter & Gamble
PG
|
$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$315M |
| 2 |
Mastercard
MA
|
$267M |
| 3 |
Apple
AAPL
|
$221M |
| 4 |
RTN
Raytheon Company
RTN
|
$149M |
| 5 |
Northrop Grumman
NOC
|
$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Waste Management
WM
$91.2B
| $301M | 0.37% | 2,894,015 +374,826 | +15% | +$38.9M |
|
52
Dominion Energy
D
$51.1B
| $300M | 0.37% | 3,912,406 +1,033,644 | +36% | +$79.2M |
|
53
Elevance Health
ELV
$71.8B
| $299M | 0.37% | 1,042,553 +113,644 | +12% | +$32.6M |
|
54
Berkshire Hathaway Class A
BRK.A
$1.09T
| $288M | 0.36% | 957 -11 | -1% | -$3.31M |
|
55
Ecolab
ECL
$78.6B
| $287M | 0.35% | 1,626,210 +301,789 | +23% | +$53.3M |
|
56
RTX Corp
RTX
$212B
| $287M | 0.35% | 2,222,938 -698,507 | -24% | -$90M |
|
57
Amgen
AMGN
$155B
| $285M | 0.35% | 1,501,955 -66,641 | -4% | -$12.7M |
|
58
Danaher
DHR
$147B
| $280M | 0.35% | 2,121,949 +93,911 | +5% | +$12.4M |
|
59
Progressive
PGR
$145B
| $279M | 0.34% | 3,875,237 +730,118 | +23% | +$52.6M |
|
60
Alibaba
BABA
$322B
| $276M | 0.34% | 1,510,424 -400,540 | -21% | -$73.1M |
|
61
Lockheed Martin
LMT
$106B
| $275M | 0.34% | 917,145 -377,697 | -29% | -$113M |
|
62
Abbott
ABT
$231B
| $272M | 0.33% | 3,396,557 +54,386 | +2% | +$4.35M |
|
63
Baxter International
BAX
$12.7B
| $264M | 0.33% | 3,248,612 +531,844 | +20% | +$43.2M |
|
64
Aon
AON
$79.1B
| $262M | 0.32% | 1,536,556 +249,924 | +19% | +$42.7M |
|
65
American Electric Power
AEP
$59.4B
| $260M | 0.32% | 3,105,375 +481,496 | +18% | +$40.3M |
|
66
Fidelity National Information Services
FIS
$36.5B
| $255M | 0.31% | 2,251,894 +441,628 | +24% | +$49.9M |
|
67
CME Group
CME
$96B
| $255M | 0.31% | 1,547,406 +186,002 | +14% | +$30.6M |
|
68
Union Pacific
UNP
$133B
| $253M | 0.31% | 1,514,327 -49,368 | -3% | -$8.25M |
|
69
Aflac
AFL
$57.2B
| $253M | 0.31% | 5,058,702 +650,506 | +15% | +$32.5M |
|
70
Adobe
ADBE
$151B
| $250M | 0.31% | 937,144 +16,040 | +2% | +$4.27M |
|
71
PayPal
PYPL
$67.1B
| $249M | 0.31% | 2,402,467 +274,760 | +13% | +$28.5M |
|
72
Fiserv
FI
$75.1B
| $249M | 0.31% | 2,823,649 +543,956 | +24% | +$48M |
|
73
Cognizant
CTSH
$35.3B
| $249M | 0.31% | 3,433,763 +540,889 | +19% | +$39.2M |
|
74
Colgate-Palmolive
CL
$67.9B
| $248M | 0.31% | 3,618,543 +503,616 | +16% | +$34.5M |
|
75
AbbVie
ABBV
$372B
| $245M | 0.3% | 3,037,059 +33,344 | +1% | +$2.69M |
|