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 |
S&P Global
SPGI
|
$81.9M |
| 2 |
Charter Communications
CHTR
|
$72.8M |
| 3 |
SHPG
Shire pic
SHPG
|
$37.6M |
| 4 |
Baxter International
BAX
|
$26.4M |
| 5 |
Newell Brands
NWL
|
$18.6M |
Top Sells
Sector Composition
| 1 | Financials | 15.11% |
| 2 | Technology | 13.9% |
| 3 | Healthcare | 13.7% |
| 4 | Industrials | 10.58% |
| 5 | Consumer Discretionary | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Goldman Sachs
GS
$226B
| $153M | 0.25% |
1,029,080
-22,400
| -2% | -$3.33M |
|
77
DuPont de Nemours
DD
$32.2B
| $152M | 0.25% |
3,057,490
+227,300
| +8% | +$11.3M |
|
78
TJX Companies
TJX
$152B
| $148M | 0.24% |
1,920,432
-54,600
| -3% | -$4.22M |
|
79
American Express
AXP
$231B
| $148M | 0.24% |
2,436,326
-53,500
| -2% | -$3.25M |
|
80
Abbott
ABT
$231B
| $146M | 0.24% |
3,708,429
-161,300
| -4% | -$6.34M |
|
81
Broadcom
AVGO
$1.4T
| $145M | 0.23% |
931,014
-33,500
| -3% | -$5.21M |
|
82
Thermo Fisher Scientific
TMO
$186B
| $142M | 0.23% |
958,200
-22,400
| -2% | -$3.31M |
|
|
ESRX
83
DELISTED
Express Scripts Holding Company
ESRX
| $138M | 0.22% |
1,822,700
-109,800
| -6% | -$8.32M |
|
|
MON
84
DELISTED
Monsanto Co
MON
| $137M | 0.22% |
1,320,782
-10,200
| -0.8% | -$1.05M |
|
85
Dominion Energy
D
$51.1B
| $136M | 0.22% |
1,744,238
+72,500
| +4% | +$5.65M |
|
86
Kimberly-Clark
KMB
$42.8B
| $133M | 0.22% |
970,167
-17,300
| -2% | -$2.38M |
|
87
Danaher
DHR
$147B
| $133M | 0.22% |
1,318,599
-30,900
| -2% | -$3.12M |
|
88
Biogen
BIIB
$19.4B
| $133M | 0.21% |
548,700
-14,600
| -3% | -$3.53M |
|
89
Phillips 66
PSX
$54B
| $132M | 0.21% |
1,661,470
-75,700
| -4% | -$6.01M |
|
|
EMC
90
DELISTED
EMC CORPORATION
EMC
| $132M | 0.21% |
4,840,259
-250,300
| -5% | -$6.8M |
|
91
Caterpillar
CAT
$196B
| $131M | 0.21% |
1,722,835
-24,700
| -1% | -$1.87M |
|
92
Southern Company
SO
$102B
| $130M | 0.21% |
2,425,128
-67,500
| -3% | -$3.62M |
|
93
Northrop Grumman
NOC
$84.5B
| $129M | 0.21% |
579,001
-23,700
| -4% | -$5.27M |
|
94
Synchrony
SYF
$28.4B
| $128M | 0.21% |
5,046,919
-76,100
| -1% | -$1.92M |
|
95
Ford
F
$46.8B
| $127M | 0.21% |
10,086,554
-205,600
| -2% | -$2.58M |
|
96
Target
TGT
$43.6B
| $127M | 0.21% |
1,814,461
-46,100
| -2% | -$3.22M |
|
97
Bank of New York Mellon
BK
$74.5B
| $124M | 0.2% |
3,200,928
-71,100
| -2% | -$2.76M |
|
98
Adobe
ADBE
$151B
| $124M | 0.2% |
1,289,800
-29,600
| -2% | -$2.84M |
|
99
General Dynamics
GD
$87.3B
| $122M | 0.2% |
876,811
-6,000
| -0.7% | -$835K |
|
100
PNC Financial Services
PNC
$81.7B
| $122M | 0.2% |
1,493,357
-62,000
| -4% | -$5.05M |
|