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 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
Alibaba
BABA
|
$274M |
| 3 |
Verizon
VZ
|
$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 5 |
Amazon
AMZN
|
$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
$185M |
| 2 |
CELG
Celgene Corp
CELG
|
$168M |
| 3 |
Procter & Gamble
PG
|
$121M |
| 4 |
Honeywell
HON
|
$109M |
| 5 |
Progressive
PGR
|
$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Boeing
BA
$177B
| $408M | 0.37% | 1,253,194 +57,775 | +5% | +$18.8M |
|
52
Ecolab
ECL
$78.6B
| $405M | 0.37% | 2,100,160 +26,698 | +1% | +$5.15M |
|
53
Waste Management
WM
$91.2B
| $401M | 0.36% | 3,523,078 -34,619 | -1% | -$3.95M |
|
54
CME Group
CME
$96B
| $400M | 0.36% | 1,992,542 +51,636 | +3% | +$10.4M |
|
55
Adobe
ADBE
$151B
| $390M | 0.35% | 1,181,239 +65,560 | +6% | +$21.6M |
|
56
Danaher
DHR
$147B
| $390M | 0.35% | 2,538,273 -37,510 | -1% | -$5.76M |
|
57
American Electric Power
AEP
$59.4B
| $388M | 0.35% | 4,108,833 +85,662 | +2% | +$8.1M |
|
58
Oracle
ORCL
$635B
| $382M | 0.35% | 7,207,849 -943,466 | -12% | -$50M |
|
59
IBM
IBM
$227B
| $374M | 0.34% | 2,788,232 -58,002 | -2% | -$7.77M |
|
60
Elevance Health
ELV
$71.8B
| $367M | 0.33% | 1,215,638 -18,977 | -2% | -$5.73M |
|
61
L3Harris
LHX
$51.9B
| $358M | 0.32% | 1,809,953 +31,486 | +2% | +$6.23M |
|
62
Abbott
ABT
$231B
| $355M | 0.32% | 4,082,226 +104,439 | +3% | +$9.07M |
|
63
Amgen
AMGN
$155B
| $353M | 0.32% | 1,465,788 -101,764 | -6% | -$24.5M |
|
64
Berkshire Hathaway Class A
BRK.A
$1.09T
| $344M | 0.31% | 1,013 -34 | -3% | -$11.5M |
|
65
Dollar General
DG
$23.9B
| $335M | 0.3% | 2,147,067 -58,917 | -3% | -$9.19M |
|
|
66
SPDR S&P 500 ETF Trust
SPY
$658B
| $334M | 0.3% | +1,037,752 | New | +$334M |
|
67
Salesforce
CRM
$245B
| $333M | 0.3% | 2,050,420 +253,426 | +14% | +$41.2M |
|
68
Exelon
EXC
$44.1B
| $329M | 0.3% | 7,208,908 -117,473 | -2% | -$5.36M |
|
69
Starbucks
SBUX
$100B
| $327M | 0.3% | 3,715,652 -3,692 | -0.1% | -$325K |
|
70
Colgate-Palmolive
CL
$67.9B
| $326M | 0.3% | 4,739,816 +35,772 | +0.8% | +$2.46M |
|
71
Aflac
AFL
$57.2B
| $326M | 0.3% | 6,163,027 -274,437 | -4% | -$14.5M |
|
72
Simon Property Group
SPG
$59B
| $326M | 0.29% | 2,185,205 -17,084 | -0.8% | -$2.54M |
|
73
Sysco
SYY
$38.5B
| $324M | 0.29% | 3,786,396 -5,139 | -0.1% | -$440K |
|
|
74
Honeywell
HON
$139B
| $317M | 0.29% | 1,792,155 -613,959 | -26% | -$109M |
|
75
Baxter International
BAX
$12.7B
| $316M | 0.29% | 3,774,478 -18,421 | -0.5% | -$1.54M |
|