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 |
Medtronic
MDT
|
$293M |
| 2 |
Visa
V
|
$274M |
| 3 |
AGN
Allergan plc
AGN
|
$103M |
| 4 |
Starbucks
SBUX
|
$102M |
| 5 |
Marathon Petroleum
MPC
|
$44.3M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$179M |
| 2 |
Wells Fargo
WFC
|
$127M |
| 3 |
Microsoft
MSFT
|
$113M |
| 4 |
Occidental Petroleum
OXY
|
$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Ford
F
$46.8B
| $161M | 0.24% | 10,754,054 -646,818 | -6% | -$9.71M |
|
77
HP
HPQ
$26.7B
| $160M | 0.24% | 5,325,864 -1,719,206 | -24% | -$51.6M |
|
78
Target
TGT
$43.6B
| $158M | 0.24% | 1,938,861 +48,440 | +3% | +$3.95M |
|
|
MON
79
DELISTED
Monsanto Co
MON
| $155M | 0.23% | 1,457,082 -76,900 | -5% | -$8.2M |
|
80
Morgan Stanley
MS
$240B
| $153M | 0.23% | 3,951,610 -2,121,809 | -35% | -$82.3M |
|
81
Simon Property Group
SPG
$59B
| $152M | 0.23% | 881,355 -32,350 | -4% | -$5.6M |
|
82
Caterpillar
CAT
$196B
| $152M | 0.23% | 1,790,635 -36,194 | -2% | -$3.07M |
|
83
Booking.com
BKNG
$181B
| $152M | 0.23% | 131,859 -11,480 | -8% | -$13.2M |
|
84
Duke Energy
DUK
$95.3B
| $151M | 0.23% | 2,131,989 -43,230 | -2% | -$3.05M |
|
85
Texas Instruments
TXN
$184B
| $149M | 0.22% | 2,896,440 -666,976 | -19% | -$34.4M |
|
|
TWC
86
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $148M | 0.22% | 833,413 +32,578 | +4% | +$5.8M |
|
87
FedEx
FDX
$54.5B
| $147M | 0.22% | 862,426 -76,900 | -8% | -$13.1M |
|
88
MetLife
MET
$54.1B
| $147M | 0.22% | 2,621,035 -708,300 | -21% | -$39.7M |
|
89
McKesson
MCK
$85.4B
| $146M | 0.22% | 649,376 -149,691 | -19% | -$33.7M |
|
90
PNC Financial Services
PNC
$81.7B
| $145M | 0.22% | 1,520,457 -314,945 | -17% | -$30.1M |
|
91
Bank of New York Mellon
BK
$74.5B
| $145M | 0.22% | 3,462,428 -52,000 | -1% | -$2.18M |
|
92
Elevance Health
ELV
$71.8B
| $143M | 0.21% | 871,809 +61,895 | +8% | +$10.2M |
|
93
NextEra Energy, Inc.
NEE
$148B
| $142M | 0.21% | 1,444,375 -38,424 | -3% | -$3.77M |
|
94
Baidu
BIDU
$32.8B
| $140M | 0.21% | 700,792 -301,556 | -30% | -$60M |
|
95
Danaher
DHR
$147B
| $137M | 0.21% | 1,597,954 -109,000 | -6% | -$9.33M |
|
96
Thermo Fisher Scientific
TMO
$186B
| $137M | 0.21% | 1,052,100 +6,300 | +0.6% | +$817K |
|
97
General Dynamics
GD
$87.3B
| $135M | 0.2% | 955,111 -98,600 | -9% | -$14M |
|
98
TJX Companies
TJX
$152B
| $135M | 0.2% | 2,035,332 -252,750 | -11% | -$16.7M |
|
|
DTV
99
DELISTED
DIRECTV COM STK (DE)
DTV
| $134M | 0.2% | 1,449,489 -184,310 | -11% | -$17.1M |
|
100
Capital One
COF
$145B
| $133M | 0.2% | 1,513,766 +1,300 | +0.1% | +$114K |
|