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 |
Apple
AAPL
|
$1.51B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$495M |
| 3 |
Union Pacific
UNP
|
$137M |
| 4 |
CELG
Celgene Corp
CELG
|
$116M |
| 5 |
Comcast
CMCSA
|
$73.1M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$67.3M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$65.9M |
| 3 |
Synovus
SNV
|
$55.9M |
| 4 |
Exxon Mobil
XOM
|
$36.8M |
| 5 |
WFT
Weatherford International plc
WFT
|
$36.7M |
Sector Composition
| 1 | Financials | 15.85% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 12.47% |
| 4 | Industrials | 10.95% |
| 5 | Energy | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
APC
76
DELISTED
Anadarko Petroleum
APC
| $183M | 0.25% | 1,673,672 +131,473 | +9% | +$14.4M |
|
77
Ford
F
$46.8B
| $183M | 0.25% | 10,611,597 +82,600 | +0.8% | +$1.42M |
|
78
Starbucks
SBUX
$100B
| $177M | 0.24% | 2,288,749 -58,816 | -3% | -$4.55M |
|
|
TFCFA
79
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $177M | 0.24% | 5,036,415 -26,824 | -0.5% | -$943K |
|
80
Lowe's Companies
LOW
$145B
| $171M | 0.23% | 3,553,462 -141,998 | -4% | -$6.81M |
|
|
DD
81
DELISTED
Du Pont De Nemours E I
DD
| $170M | 0.23% | 2,601,536 -57,125 | -2% | -$3.74M |
|
82
eBay
EBAY
$41.4B
| $168M | 0.23% | 3,356,846 -153,975 | -4% | -$7.71M |
|
|
ESRX
83
DELISTED
Express Scripts Holding Company
ESRX
| $163M | 0.22% | 2,349,071 -29,863 | -1% | -$2.07M |
|
|
EMC
84
DELISTED
EMC CORPORATION
EMC
| $162M | 0.22% | 6,159,614 -110,307 | -2% | -$2.91M |
|
85
Emerson Electric
EMR
$74.3B
| $160M | 0.22% | 2,413,627 +61,339 | +3% | +$4.07M |
|
86
PNC Financial Services
PNC
$81.7B
| $159M | 0.22% | 1,790,402 -400 | -0% | -$35.6K |
|
87
Simon Property Group
SPG
$59B
| $158M | 0.22% | 950,708 -6,366 | -0.7% | -$1.06M |
|
88
Phillips 66
PSX
$54B
| $157M | 0.21% | 1,955,875 -79,328 | -4% | -$6.38M |
|
89
Accenture
ACN
$162B
| $157M | 0.21% | 1,938,411 -38,229 | -2% | -$3.09M |
|
90
Costco
COST
$418B
| $156M | 0.21% | 1,354,020 -8,310 | -0.6% | -$957K |
|
91
Duke Energy
DUK
$95.3B
| $156M | 0.21% | 2,098,918 +11,725 | +0.6% | +$870K |
|
|
AGN
92
DELISTED
ALLERGAN INC
AGN
| $155M | 0.21% | 914,436 -95,527 | -9% | -$16.2M |
|
93
Texas Instruments
TXN
$184B
| $153M | 0.21% | 3,210,664 -73,740 | -2% | -$3.52M |
|
94
NextEra Energy, Inc.
NEE
$148B
| $153M | 0.21% | 1,495,629 +24,071 | +2% | +$2.47M |
|
95
LyondellBasell Industries
LYB
$18.1B
| $151M | 0.21% | 1,548,341 -76,931 | -5% | -$7.51M |
|
96
McKesson
MCK
$85.4B
| $151M | 0.21% | 811,538 -29,764 | -4% | -$5.54M |
|
97
Lockheed Martin
LMT
$106B
| $149M | 0.2% | 924,074 +3,400 | +0.4% | +$546K |
|
98
Prudential Financial
PRU
$38.6B
| $148M | 0.2% | 1,663,592 +17,016 | +1% | +$1.51M |
|
|
DTV
99
DELISTED
DIRECTV COM STK (DE)
DTV
| $147M | 0.2% | 1,724,976 -140,510 | -8% | -$11.9M |
|
100
Capital One
COF
$145B
| $142M | 0.19% | 1,723,825 -76,671 | -4% | -$6.33M |
|