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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Regeneron Pharmaceuticals
REGN
$61.5B
| $542M | 0.42% | 775,940 -7,472 | -1% | -$5.22M |
|
52
Automatic Data Processing
ADP
$123B
| $531M | 0.41% | 2,334,881 -78,462 | -3% | -$17.9M |
|
53
Target
TGT
$43.6B
| $529M | 0.41% | 2,493,836 -97,636 | -4% | -$20.7M |
|
54
Broadcom
AVGO
$1.4T
| $520M | 0.4% | 825,470 -42,346 | -5% | -$26.7M |
|
55
Dominion Energy
D
$51.1B
| $514M | 0.4% | 6,046,498 -40,568 | -0.7% | -$3.45M |
|
56
Crown Castle
CCI
$43.2B
| $513M | 0.4% | 2,781,133 -487,429 | -15% | -$90M |
|
57
Lockheed Martin
LMT
$106B
| $504M | 0.39% | 1,141,725 -42,095 | -4% | -$18.6M |
|
58
Walt Disney
DIS
$213B
| $502M | 0.39% | 3,661,597 -252,285 | -6% | -$34.6M |
|
59
Vertex Pharmaceuticals
VRTX
$100B
| $497M | 0.39% | 1,902,551 -36,268 | -2% | -$9.46M |
|
|
60
Progressive
PGR
$145B
| $496M | 0.39% | 4,350,512 +854,707 | +24% | +$97.4M |
|
61
Waste Management
WM
$91.2B
| $491M | 0.38% | 3,095,128 -86,698 | -3% | -$13.7M |
|
62
Newmont
NEM
$81.7B
| $477M | 0.37% | 5,997,542 -36,596 | -0.6% | -$2.91M |
|
63
Intel
INTC
$107B
| $467M | 0.36% | 9,417,051 -643,115 | -6% | -$31.9M |
|
64
Colgate-Palmolive
CL
$67.9B
| $458M | 0.36% | 6,042,683 +5,363 | +0.1% | +$407K |
|
65
Charter Communications
CHTR
$36.3B
| $454M | 0.35% | 832,166 -18,054 | -2% | -$9.85M |
|
66
Public Storage
PSA
$51.7B
| $454M | 0.35% | 1,163,091 -20,981 | -2% | -$8.19M |
|
67
Zoetis
ZTS
$69.3B
| $445M | 0.35% | 2,360,251 -71,462 | -3% | -$13.5M |
|
68
Netflix
NFLX
$513B
| $440M | 0.34% | 1,173,616 -605,501 | -34% | -$227M |
|
|
69
IBM
IBM
$227B
| $438M | 0.34% | 3,368,674 +782,029 | +30% | +$102M |
|
|
ATVI
70
DELISTED
Activision Blizzard Inc.
ATVI
| $431M | 0.34% | 5,383,823 -475,889 | -8% | -$38.1M |
|
71
American Tower
AMT
$95.5B
| $427M | 0.33% | 1,699,185 -427,347 | -20% | -$107M |
|
72
Aon
AON
$79.1B
| $424M | 0.33% | 1,301,040 -32,727 | -2% | -$10.7M |
|
73
Salesforce
CRM
$245B
| $405M | 0.31% | 1,907,745 -144,283 | -7% | -$30.6M |
|
74
Fiserv
FI
$75.1B
| $397M | 0.31% | 3,911,399 -104,106 | -3% | -$10.6M |
|
75
Wells Fargo
WFC
$263B
| $392M | 0.3% | 8,085,335 -826,829 | -9% | -$40.1M |
|