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 |
AGN
Allergan plc
AGN
|
$57.2M |
| 2 |
Enterprise Products Partners
EPD
|
$57M |
| 3 |
WFT
Weatherford International plc
WFT
|
$42.9M |
| 4 |
Liberty Media Series C
FWONK
|
$27.2M |
| 5 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
$26M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$98.2M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
$73.6M |
| 3 |
Exxon Mobil
XOM
|
$43M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
$38.7M |
| 5 |
Apple
AAPL
|
$33.3M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Technology | 14.34% |
| 3 | Healthcare | 13.09% |
| 4 | Industrials | 10.65% |
| 5 | Energy | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
TFCFA
76
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $176M | 0.24% | 5,122,495 +86,080 | +2% | +$2.95M |
|
77
EOG Resources
EOG
$68.2B
| $176M | 0.24% | 1,773,050 -22,410 | -1% | -$2.22M |
|
78
Starbucks
SBUX
$100B
| $173M | 0.24% | 2,296,217 +7,468 | +0.3% | +$564K |
|
79
Halliburton
HAL
$19.4B
| $172M | 0.24% | 2,668,797 +15,202 | +0.6% | +$981K |
|
|
APC
80
DELISTED
Anadarko Petroleum
APC
| $171M | 0.24% | 1,690,096 +16,424 | +1% | +$1.67M |
|
81
LyondellBasell Industries
LYB
$18.1B
| $170M | 0.24% | 1,565,173 +16,832 | +1% | +$1.83M |
|
82
Costco
COST
$418B
| $170M | 0.23% | 1,353,392 -628 | -0% | -$78.7K |
|
83
Lockheed Martin
LMT
$106B
| $168M | 0.23% | 921,774 -2,300 | -0.2% | -$420K |
|
84
Medtronic
MDT
$119B
| $167M | 0.23% | 2,695,362 -306,300 | -10% | -$19M |
|
85
Accenture
ACN
$162B
| $166M | 0.23% | 2,043,120 +104,709 | +5% | +$8.51M |
|
86
Duke Energy
DUK
$95.3B
| $166M | 0.23% | 2,216,690 +117,772 | +6% | +$8.81M |
|
|
ESRX
87
DELISTED
Express Scripts Holding Company
ESRX
| $165M | 0.23% | 2,332,756 -16,315 | -0.7% | -$1.15M |
|
88
Phillips 66
PSX
$54B
| $162M | 0.22% | 1,998,144 +42,269 | +2% | +$3.44M |
|
89
FedEx
FDX
$54.5B
| $157M | 0.22% | 974,126 +81,100 | +9% | +$13.1M |
|
90
Texas Instruments
TXN
$184B
| $157M | 0.22% | 3,291,800 +81,136 | +3% | +$3.87M |
|
|
AGN
91
DELISTED
ALLERGAN INC
AGN
| $157M | 0.22% | 879,850 -34,586 | -4% | -$6.16M |
|
92
PNC Financial Services
PNC
$81.7B
| $156M | 0.22% | 1,828,102 +37,700 | +2% | +$3.23M |
|
93
McKesson
MCK
$85.4B
| $155M | 0.21% | 798,400 -13,138 | -2% | -$2.56M |
|
94
Ford
F
$46.8B
| $154M | 0.21% | 10,435,797 -175,800 | -2% | -$2.6M |
|
95
Emerson Electric
EMR
$74.3B
| $153M | 0.21% | 2,448,361 +34,734 | +1% | +$2.17M |
|
|
WBA
96
DELISTED
Walgreens Boots Alliance
WBA
| $150M | 0.21% | 2,523,569 +2,629 | +0.1% | +$156K |
|
97
Simon Property Group
SPG
$59B
| $149M | 0.21% | 904,204 -46,504 | -5% | -$7.65M |
|
98
Chubb
CB
$110B
| $148M | 0.2% | 1,411,807 +47,763 | +4% | +$5.01M |
|
|
DTV
99
DELISTED
DIRECTV COM STK (DE)
DTV
| $144M | 0.2% | 1,662,176 -62,800 | -4% | -$5.43M |
|
100
Danaher
DHR
$147B
| $141M | 0.2% | 1,858,522 +103,458 | +6% | +$7.86M |
|