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 |
Exxon Mobil
XOM
|
$1.12B |
| 2 |
Apple
AAPL
|
$961M |
| 3 |
Microsoft
MSFT
|
$719M |
| 4 |
GE Aerospace
GE
|
$679M |
| 5 |
Johnson & Johnson
JNJ
|
$661M |
Top Sells
Sector Composition
| 1 | Financials | 15.68% |
| 2 | Technology | 13.22% |
| 3 | Healthcare | 11.84% |
| 4 | Industrials | 10.81% |
| 5 | Energy | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Starbucks
SBUX
$100B
| $119M | 0.24% | +1,814,614 | New | +$119M |
|
77
Accenture
ACN
$162B
| $118M | 0.24% | +1,641,380 | New | +$118M |
|
|
APC
78
DELISTED
Anadarko Petroleum
APC
| $112M | 0.22% | +1,299,177 | New | +$112M |
|
|
WBA
79
DELISTED
Walgreens Boots Alliance
WBA
| $110M | 0.22% | +2,492,339 | New | +$110M |
|
80
Emerson Electric
EMR
$74.3B
| $109M | 0.22% | +2,005,422 | New | +$109M |
|
81
PNC Financial Services
PNC
$81.7B
| $109M | 0.22% | +1,488,303 | New | +$109M |
|
82
Prudential Financial
PRU
$38.6B
| $108M | 0.22% | +1,473,433 | New | +$108M |
|
83
Meta Platforms (Facebook)
META
$1.86T
| $105M | 0.21% | +4,240,603 | New | +$105M |
|
84
Kimberly-Clark
KMB
$42.8B
| $105M | 0.21% | +1,084,638 | New | +$105M |
|
85
Morgan Stanley
MS
$240B
| $105M | 0.21% | +4,299,412 | New | +$105M |
|
86
Texas Instruments
TXN
$184B
| $104M | 0.21% | +2,989,761 | New | +$104M |
|
87
Halliburton
HAL
$19.4B
| $103M | 0.21% | +2,460,673 | New | +$103M |
|
88
Baxter International
BAX
$12.7B
| $103M | 0.21% | +1,481,793 | New | +$103M |
|
89
DuPont de Nemours
DD
$32.2B
| $102M | 0.21% | +3,183,888 | New | +$102M |
|
90
Booking.com
BKNG
$181B
| $102M | 0.2% | +122,947 | New | +$102M |
|
91
Lockheed Martin
LMT
$106B
| $101M | 0.2% | +933,060 | New | +$101M |
|
92
Southern Company
SO
$102B
| $100M | 0.2% | +2,270,203 | New | +$100M |
|
93
Capital One
COF
$145B
| $99.4M | 0.2% | +1,583,302 | New | +$99.4M |
|
|
DTV
94
DELISTED
DIRECTV COM STK (DE)
DTV
| $98.4M | 0.2% | +1,597,564 | New | +$98.4M |
|
95
Nike
NKE
$114B
| $98M | 0.2% | +1,539,534 | New | +$98M |
|
96
TJX Companies
TJX
$152B
| $97.4M | 0.2% | +1,946,632 | New | +$97.4M |
|
97
Danaher
DHR
$147B
| $95.9M | 0.19% | +1,515,559 | New | +$95.9M |
|
98
Phillips 66
PSX
$54B
| $95.8M | 0.19% | +1,626,529 | New | +$95.8M |
|
99
Bank of New York Mellon
BK
$74.5B
| $95.1M | 0.19% | +3,391,550 | New | +$95.1M |
|
100
Travelers Companies
TRV
$61.1B
| $94.7M | 0.19% | +1,184,626 | New | +$94.7M |
|