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 |
Kinder Morgan
KMI
|
$115M |
| 2 |
Enterprise Products Partners
EPD
|
$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
$41.2M |
| 4 |
Alibaba
BABA
|
$36.6M |
| 5 |
Annaly Capital Management
NLY
|
$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
$207M |
| 2 |
Medtronic
MDT
|
$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
WBA
76
DELISTED
Walgreens Boots Alliance
WBA
| $179M | 0.25% | 2,390,269 -133,300 | -5% | -$9.99M |
|
|
AGN
77
DELISTED
ALLERGAN INC
AGN
| $179M | 0.25% | 791,941 -87,909 | -10% | -$19.8M |
|
78
Accenture
ACN
$162B
| $176M | 0.24% | 2,046,703 +3,583 | +0.2% | +$309K |
|
79
McKesson
MCK
$85.4B
| $174M | 0.24% | 799,067 +667 | +0.1% | +$145K |
|
80
eBay
EBAY
$41.4B
| $173M | 0.24% | 3,155,462 -187,300 | -6% | -$10.2M |
|
81
General Motors
GM
$55.8B
| $172M | 0.24% | 5,155,226 -381,806 | -7% | -$12.8M |
|
82
DuPont de Nemours
DD
$32.2B
| $170M | 0.23% | 3,844,811 +44,430 | +1% | +$1.96M |
|
|
EMC
83
DELISTED
EMC CORPORATION
EMC
| $170M | 0.23% | 6,193,734 +27,000 | +0.4% | +$740K |
|
84
Ford
F
$46.8B
| $169M | 0.23% | 11,400,872 +965,075 | +9% | +$14.3M |
|
|
ESRX
85
DELISTED
Express Scripts Holding Company
ESRX
| $168M | 0.23% | 2,002,900 -329,856 | -14% | -$27.6M |
|
86
NextEra Energy, Inc.
NEE
$148B
| $165M | 0.23% | 1,482,799 +8,252 | +0.6% | +$918K |
|
87
FedEx
FDX
$54.5B
| $163M | 0.23% | 939,326 -34,800 | -4% | -$6.05M |
|
88
MetLife
MET
$54.1B
| $160M | 0.22% | 3,329,335 -368,798 | -10% | -$17.8M |
|
89
PNC Financial Services
PNC
$81.7B
| $157M | 0.22% | 1,835,402 +7,300 | +0.4% | +$624K |
|
90
TJX Companies
TJX
$152B
| $156M | 0.22% | 2,288,082 +47,338 | +2% | +$3.23M |
|
91
Nike
NKE
$114B
| $156M | 0.22% | 1,649,010 +71,044 | +5% | +$6.71M |
|
92
Chubb
CB
$110B
| $155M | 0.21% | 1,396,747 -15,060 | -1% | -$1.68M |
|
|
TFCFA
93
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $152M | 0.21% | 4,454,252 -668,243 | -13% | -$22.8M |
|
94
Exelon
EXC
$44.1B
| $152M | 0.21% | 4,065,706 +376,823 | +10% | +$14.1M |
|
|
95
Enterprise Products Partners
EPD
$69.6B
| $151M | 0.21% | 4,326,600 +1,499,100 | +53% | +$52.3M |
|
96
EOG Resources
EOG
$68.2B
| $146M | 0.2% | 1,569,910 -203,140 | -11% | -$18.9M |
|
97
Caterpillar
CAT
$196B
| $146M | 0.2% | 1,826,829 +21,550 | +1% | +$1.72M |
|
98
Booking.com
BKNG
$181B
| $145M | 0.2% | 143,339 -17,585 | -11% | -$17.8M |
|
99
General Dynamics
GD
$87.3B
| $145M | 0.2% | 1,053,711 +3,400 | +0.3% | +$466K |
|
100
Danaher
DHR
$147B
| $144M | 0.2% | 1,706,954 -151,568 | -8% | -$12.8M |
|