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 |
Kraft Heinz
KHC
|
$103M |
| 2 |
NETSCOUT
NTCT
|
$102M |
| 3 |
PayPal
PYPL
|
$87.9M |
| 4 |
Netflix
NFLX
|
$87.2M |
| 5 |
AT&T
T
|
$53.9M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
$129M |
| 4 |
Apple
AAPL
|
$56.2M |
| 5 |
Danaher
DHR
|
$50.5M |
Sector Composition
| 1 | Financials | 16.47% |
| 2 | Technology | 14.3% |
| 3 | Healthcare | 14.2% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Ford
F
$46.8B
| $142M | 0.24% | 10,472,254 -281,800 | -3% | -$3.82M |
|
77
TJX Companies
TJX
$152B
| $141M | 0.24% | 1,980,332 -55,000 | -3% | -$3.93M |
|
78
NextEra Energy, Inc.
NEE
$148B
| $139M | 0.24% | 1,426,875 -17,500 | -1% | -$1.71M |
|
79
Texas Instruments
TXN
$184B
| $139M | 0.24% | 2,802,040 -94,400 | -3% | -$4.67M |
|
80
DuPont de Nemours
DD
$32.2B
| $136M | 0.23% | 3,212,699 -182,300 | -5% | -$7.73M |
|
81
PNC Financial Services
PNC
$81.7B
| $136M | 0.23% | 1,524,457 +4,000 | +0.3% | +$357K |
|
82
Kinder Morgan
KMI
$60B
| $135M | 0.23% | 4,861,132 +216,400 | +5% | +$5.99M |
|
83
HP
HPQ
$26.7B
| $134M | 0.23% | 5,222,164 -103,700 | -2% | -$2.66M |
|
84
Bank of New York Mellon
BK
$74.5B
| $131M | 0.22% | 3,355,828 -106,600 | -3% | -$4.17M |
|
85
Phillips 66
PSX
$54B
| $128M | 0.22% | 1,666,470 +87,200 | +6% | +$6.7M |
|
86
General Dynamics
GD
$87.3B
| $128M | 0.22% | 926,211 -28,900 | -3% | -$3.99M |
|
87
Thermo Fisher Scientific
TMO
$186B
| $125M | 0.21% | 1,022,900 -29,200 | -3% | -$3.57M |
|
|
DD
88
DELISTED
Du Pont De Nemours E I
DD
| $123M | 0.21% | 2,541,966 -186,200 | -7% | -$8.97M |
|
89
Dominion Energy
D
$51.1B
| $122M | 0.21% | 1,726,938 -29,400 | -2% | -$2.07M |
|
|
MON
90
DELISTED
Monsanto Co
MON
| $121M | 0.2% | 1,413,282 -43,800 | -3% | -$3.74M |
|
91
MetLife
MET
$54.1B
| $120M | 0.2% | 2,546,935 -74,100 | -3% | -$3.49M |
|
92
FedEx
FDX
$54.5B
| $119M | 0.2% | 825,926 -36,500 | -4% | -$5.26M |
|
93
Morgan Stanley
MS
$240B
| $119M | 0.2% | 3,768,410 -183,200 | -5% | -$5.77M |
|
94
Elevance Health
ELV
$71.8B
| $118M | 0.2% | 845,709 -26,100 | -3% | -$3.65M |
|
|
EMC
95
DELISTED
EMC CORPORATION
EMC
| $116M | 0.2% | 4,812,259 -179,200 | -4% | -$4.33M |
|
96
McKesson
MCK
$85.4B
| $116M | 0.2% | 626,276 -23,100 | -4% | -$4.27M |
|
97
Southern Company
SO
$102B
| $115M | 0.2% | 2,570,728 -61,700 | -2% | -$2.76M |
|
98
Adobe
ADBE
$151B
| $115M | 0.19% | 1,395,100 -5,500 | -0.4% | -$452K |
|
99
Caterpillar
CAT
$196B
| $114M | 0.19% | 1,747,035 -43,600 | -2% | -$2.85M |
|
100
General Motors
GM
$55.8B
| $114M | 0.19% | 3,795,500 -82,400 | -2% | -$2.47M |
|