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 |
Amazon
AMZN
|
$1.88B |
| 2 |
IBM
IBM
|
$170M |
| 3 |
Mondelez International
MDLZ
|
$92M |
| 4 |
Warner Bros
WBD
|
$86.5M |
| 5 |
Roper Technologies
ROP
|
$82.7M |
Top Sells
| 1 |
Apple
AAPL
|
$242M |
| 2 |
Microsoft
MSFT
|
$207M |
| 3 |
CERN
Cerner Corp
CERN
|
$180M |
| 4 |
Visa
V
|
$126M |
| 5 |
Cisco
CSCO
|
$110M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Automatic Data Processing
ADP
$123B
| $481M | 0.45% | 2,287,987 -46,894 | -2% | -$9.85M |
|
52
Colgate-Palmolive
CL
$67.9B
| $477M | 0.45% | 5,946,538 -96,145 | -2% | -$7.71M |
|
53
Dominion Energy
D
$51.1B
| $474M | 0.44% | 5,943,489 -103,009 | -2% | -$8.22M |
|
54
Texas Instruments
TXN
$184B
| $470M | 0.44% | 3,060,483 -80,678 | -3% | -$12.4M |
|
55
Crown Castle
CCI
$43.2B
| $467M | 0.44% | 2,772,345 -8,788 | -0.3% | -$1.48M |
|
56
Comcast
CMCSA
$125B
| $463M | 0.43% | 11,807,429 -603,977 | -5% | -$23.7M |
|
57
Waste Management
WM
$91.2B
| $460M | 0.43% | 3,008,226 -86,902 | -3% | -$13.3M |
|
58
Regeneron Pharmaceuticals
REGN
$61.5B
| $453M | 0.42% | 765,883 -10,057 | -1% | -$5.94M |
|
59
United Parcel Service
UPS
$74.1B
| $452M | 0.42% | 2,473,812 -61,185 | -2% | -$11.2M |
|
60
American Tower
AMT
$95.5B
| $432M | 0.4% | 1,691,263 -7,922 | -0.5% | -$2.02M |
|
61
Broadcom
AVGO
$1.4T
| $425M | 0.4% | 875,720 +50,250 | +6% | +$24.4M |
|
62
Bank of America
BAC
$376B
| $424M | 0.4% | 13,617,359 -811,535 | -6% | -$25.3M |
|
|
ATVI
63
DELISTED
Activision Blizzard Inc.
ATVI
| $415M | 0.39% | 5,336,030 -47,793 | -0.9% | -$3.72M |
|
64
Dollar General
DG
$23.9B
| $411M | 0.39% | 1,676,374 -58,592 | -3% | -$14.4M |
|
65
Zoetis
ZTS
$69.3B
| $395M | 0.37% | 2,297,907 -62,344 | -3% | -$10.7M |
|
66
Charter Communications
CHTR
$36.3B
| $375M | 0.35% | 800,656 -31,510 | -4% | -$14.8M |
|
67
Public Storage
PSA
$51.7B
| $363M | 0.34% | 1,160,412 -2,679 | -0.2% | -$838K |
|
68
American Electric Power
AEP
$59.4B
| $356M | 0.33% | 3,708,282 -62,595 | -2% | -$6.01M |
|
69
Intel
INTC
$107B
| $354M | 0.33% | 9,450,446 +33,395 | +0.4% | +$1.25M |
|
70
Newmont
NEM
$81.7B
| $347M | 0.33% | 5,820,243 -177,299 | -3% | -$10.6M |
|
71
Fiserv
FI
$75.1B
| $343M | 0.32% | 3,857,299 -54,100 | -1% | -$4.81M |
|
72
Aon
AON
$79.1B
| $341M | 0.32% | 1,263,117 -37,923 | -3% | -$10.2M |
|
73
General Mills
GIS
$26.4B
| $336M | 0.31% | 4,455,551 -79,420 | -2% | -$5.99M |
|
74
Target
TGT
$43.6B
| $334M | 0.31% | 2,367,111 -126,725 | -5% | -$17.9M |
|
75
Walt Disney
DIS
$213B
| $330M | 0.31% | 3,493,207 -168,390 | -5% | -$15.9M |
|