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 |
Walmart
WMT
|
$250M |
| 2 |
Amphenol
APH
|
$147M |
| 3 |
Target
TGT
|
$142M |
| 4 |
Abbott
ABT
|
$113M |
| 5 |
Verizon
VZ
|
$87.4M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Netflix
NFLX
$513B
| $530M | 0.4% | 1,016,508 +83,926 | +9% | +$43.8M |
|
|
52
Target
TGT
$43.6B
| $522M | 0.4% | 2,636,750 +715,341 | +37% | +$142M |
|
53
Southern Company
SO
$102B
| $506M | 0.39% | 8,144,551 -375,506 | -4% | -$23.3M |
|
54
Amgen
AMGN
$155B
| $485M | 0.37% | 1,951,150 -55,374 | -3% | -$13.8M |
|
55
Bristol-Myers Squibb
BMY
$96B
| $482M | 0.37% | 7,642,043 -183,844 | -2% | -$11.6M |
|
56
Thermo Fisher Scientific
TMO
$186B
| $482M | 0.37% | 1,055,347 -30,076 | -3% | -$13.7M |
|
57
Marsh & McLennan
MMC
$101B
| $477M | 0.36% | 3,916,223 -171,710 | -4% | -$20.9M |
|
58
Fiserv
FI
$75.1B
| $473M | 0.36% | 3,972,088 -29,726 | -0.7% | -$3.54M |
|
59
Lockheed Martin
LMT
$106B
| $464M | 0.35% | 1,254,750 -25,919 | -2% | -$9.58M |
|
60
Chevron
CVX
$324B
| $462M | 0.35% | 4,408,379 -207,828 | -5% | -$21.8M |
|
61
Automatic Data Processing
ADP
$123B
| $459M | 0.35% | 2,434,683 -43,209 | -2% | -$8.14M |
|
62
AbbVie
ABBV
$372B
| $442M | 0.34% | 4,083,767 -355,337 | -8% | -$38.5M |
|
63
Vertex Pharmaceuticals
VRTX
$100B
| $432M | 0.33% | 2,008,913 -99,555 | -5% | -$21.4M |
|
64
Salesforce
CRM
$245B
| $427M | 0.32% | 2,013,599 -74,374 | -4% | -$15.8M |
|
65
Broadcom
AVGO
$1.4T
| $425M | 0.32% | 916,823 -27,998 | -3% | -$13M |
|
66
Costco
COST
$418B
| $422M | 0.32% | 1,197,971 +148,652 | +14% | +$52.4M |
|
67
Waste Management
WM
$91.2B
| $422M | 0.32% | 3,267,509 -145,817 | -4% | -$18.8M |
|
68
Ecolab
ECL
$78.6B
| $421M | 0.32% | 1,965,976 -88,387 | -4% | -$18.9M |
|
69
Dominion Energy
D
$51.1B
| $418M | 0.32% | 5,499,381 -91,706 | -2% | -$6.97M |
|
70
Aon
AON
$79.1B
| $405M | 0.31% | 1,758,835 -98,061 | -5% | -$22.6M |
|
71
Colgate-Palmolive
CL
$67.9B
| $391M | 0.3% | 4,954,607 -89,587 | -2% | -$7.06M |
|
72
Dollar General
DG
$23.9B
| $390M | 0.3% | 1,926,153 -97,173 | -5% | -$19.7M |
|
73
Zoetis
ZTS
$69.3B
| $389M | 0.3% | 2,468,774 -36,136 | -1% | -$5.69M |
|
74
Nike
NKE
$114B
| $379M | 0.29% | 2,854,485 -62,037 | -2% | -$8.24M |
|
75
Regeneron Pharmaceuticals
REGN
$61.5B
| $375M | 0.29% | 792,236 -36,387 | -4% | -$17.2M |
|