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 |
Vanguard S&P 500 ETF
VOO
|
$2.5B |
| 2 |
Meta Platforms (Facebook)
META
|
$334M |
| 3 |
Abbott
ABT
|
$271M |
| 4 |
Stryker
SYK
|
$155M |
| 5 |
McDonald's
MCD
|
$154M |
Top Sells
| 1 |
Apple
AAPL
|
$1.14B |
| 2 |
Costco
COST
|
$440M |
| 3 |
Oracle
ORCL
|
$194M |
| 4 |
Micron Technology
MU
|
$192M |
| 5 |
Gilead Sciences
GILD
|
$157M |
Sector Composition
| 1 | Technology | 28.1% |
| 2 | Financials | 13.31% |
| 3 | Healthcare | 11.32% |
| 4 | Consumer Discretionary | 8.29% |
| 5 | Communication Services | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Chevron
CVX
$324B
| $467M | 0.33% | 2,791,462 -112,885 | -4% | -$18.9M |
|
52
RTX Corp
RTX
$212B
| $455M | 0.32% | 3,435,077 +95,822 | +3% | +$12.7M |
|
|
53
Stryker
SYK
$150B
| $455M | 0.32% | 1,221,385 +416,283 | +52% | +$155M |
|
54
Southern Company
SO
$102B
| $452M | 0.32% | 4,918,168 -89,871 | -2% | -$8.26M |
|
55
Chubb
CB
$110B
| $450M | 0.31% | 1,489,778 +139,397 | +10% | +$42.1M |
|
56
Walt Disney
DIS
$213B
| $442M | 0.31% | 4,474,984 -75,923 | -2% | -$7.49M |
|
57
Duke Energy
DUK
$95.3B
| $421M | 0.29% | 3,453,926 -75,608 | -2% | -$9.22M |
|
58
CME Group
CME
$96B
| $420M | 0.29% | 1,582,037 -41,558 | -3% | -$11M |
|
59
McKesson
MCK
$85.4B
| $409M | 0.29% | 608,288 -22,057 | -3% | -$14.8M |
|
60
Pfizer
PFE
$141B
| $396M | 0.28% | 15,611,383 -462,258 | -3% | -$11.7M |
|
61
Vertex Pharmaceuticals
VRTX
$100B
| $392M | 0.27% | 809,234 -70,980 | -8% | -$34.4M |
|
62
Thermo Fisher Scientific
TMO
$186B
| $391M | 0.27% | 785,621 -17,582 | -2% | -$8.75M |
|
63
Bristol-Myers Squibb
BMY
$96B
| $389M | 0.27% | 6,370,139 -135,591 | -2% | -$8.27M |
|
64
Deere & Co
DE
$129B
| $384M | 0.27% | 817,248 +107,158 | +15% | +$50.3M |
|
65
ServiceNow
NOW
$190B
| $381M | 0.27% | 478,883 +928 | +0.2% | +$739K |
|
66
Intercontinental Exchange
ICE
$101B
| $381M | 0.27% | 2,207,260 -32,441 | -1% | -$5.6M |
|
67
Lockheed Martin
LMT
$106B
| $378M | 0.26% | 847,101 +56,608 | +7% | +$25.3M |
|
68
GE Aerospace
GE
$292B
| $369M | 0.26% | 1,841,561 -21,167 | -1% | -$4.24M |
|
69
O'Reilly Automotive
ORLY
$88B
| $364M | 0.25% | 254,069 -7,966 | -3% | -$11.4M |
|
70
Waste Management
WM
$91.2B
| $361M | 0.25% | 1,561,149 -39,385 | -2% | -$9.12M |
|
71
Boston Scientific
BSX
$156B
| $359M | 0.25% | 3,562,353 -56,759 | -2% | -$5.73M |
|
72
Amphenol
APH
$133B
| $358M | 0.25% | 5,460,245 -129,150 | -2% | -$8.47M |
|
|
73
Oracle
ORCL
$635B
| $353M | 0.25% | 2,522,844 -1,386,765 | -35% | -$194M |
|
74
Colgate-Palmolive
CL
$67.9B
| $347M | 0.24% | 3,699,590 -115,803 | -3% | -$10.9M |
|
75
Arthur J. Gallagher & Co
AJG
$77.6B
| $343M | 0.24% | 992,679 -18,545 | -2% | -$6.4M |
|