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 |
Coca-Cola
KO
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
DuPont de Nemours
DD
|
$236M |
| 4 |
Microsoft
MSFT
|
$209M |
| 5 |
JPMorgan Chase
JPM
|
$134M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Texas Instruments
TXN
$184B
| $340M | 0.4% | 2,966,410 +95,838 | +3% | +$11M |
|
52
CME Group
CME
$96B
| $338M | 0.4% | 1,740,661 +193,255 | +12% | +$37.5M |
|
53
Citigroup
C
$178B
| $331M | 0.39% | 4,723,232 -767,614 | -14% | -$53.8M |
|
54
Exelon
EXC
$44.1B
| $329M | 0.39% | 6,854,941 +820,931 | +14% | +$39.4M |
|
55
IBM
IBM
$227B
| $327M | 0.39% | 2,374,348 -106,712 | -4% | -$14.7M |
|
56
Simon Property Group
SPG
$59B
| $326M | 0.39% | 2,041,428 +361,890 | +22% | +$57.8M |
|
57
Aflac
AFL
$57.2B
| $325M | 0.38% | 5,935,191 +876,489 | +17% | +$48M |
|
58
American Electric Power
AEP
$59.4B
| $325M | 0.38% | 3,691,176 +585,801 | +19% | +$51.6M |
|
59
Danaher
DHR
$147B
| $316M | 0.37% | 2,210,011 +88,062 | +4% | +$12.6M |
|
60
Fidelity National Information Services
FIS
$36.5B
| $314M | 0.37% | 2,558,965 +307,071 | +14% | +$37.7M |
|
61
Elevance Health
ELV
$71.8B
| $308M | 0.36% | 1,092,369 +49,816 | +5% | +$14.1M |
|
62
Travelers Companies
TRV
$61.1B
| $307M | 0.36% | 2,054,782 +364,916 | +22% | +$54.6M |
|
63
Colgate-Palmolive
CL
$67.9B
| $305M | 0.36% | 4,261,327 +642,784 | +18% | +$46.1M |
|
64
Baxter International
BAX
$12.7B
| $300M | 0.35% | 3,660,014 +411,402 | +13% | +$33.7M |
|
65
Public Storage
PSA
$51.7B
| $289M | 0.34% | 1,214,495 +185,975 | +18% | +$44.3M |
|
66
RTX Corp
RTX
$212B
| $287M | 0.34% | 2,206,273 -16,665 | -0.7% | -$2.17M |
|
67
Fiserv
FI
$75.1B
| $285M | 0.34% | 3,129,287 +305,638 | +11% | +$27.9M |
|
68
Ross Stores
ROST
$48.1B
| $283M | 0.33% | 2,858,497 +447,581 | +19% | +$44.4M |
|
69
Allstate
ALL
$53.6B
| $282M | 0.33% | 2,774,300 +367,710 | +15% | +$37.4M |
|
70
Dollar General
DG
$23.9B
| $279M | 0.33% | 2,063,255 +341,873 | +20% | +$46.2M |
|
71
Kimberly-Clark
KMB
$42.8B
| $272M | 0.32% | 2,042,106 +177,659 | +10% | +$23.7M |
|
72
Starbucks
SBUX
$100B
| $271M | 0.32% | 3,237,272 +95,400 | +3% | +$8M |
|
73
Yum! Brands
YUM
$40.8B
| $270M | 0.32% | 2,439,782 +439,901 | +22% | +$48.7M |
|
74
Abbott
ABT
$231B
| $265M | 0.31% | 3,156,598 -239,959 | -7% | -$20.2M |
|
75
Berkshire Hathaway Class A
BRK.A
$1.09T
| $264M | 0.31% | 830 -127 | -13% | -$40.4M |
|