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 |
Fortive
FTV
|
$29.3M |
| 2 |
Procter & Gamble
PG
|
$21.8M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
$21.3M |
| 4 |
Dell
DELL
|
$20.7M |
| 5 |
Marriott International Class A Common Stock
MAR
|
$20.7M |
Top Sells
| 1 |
EMC
EMC CORPORATION
EMC
|
$132M |
| 2 |
Apple
AAPL
|
$123M |
| 3 |
Exxon Mobil
XOM
|
$55.6M |
| 4 |
Herc Holdings
HRI
|
$54.3M |
| 5 |
JPMorgan Chase
JPM
|
$51M |
Sector Composition
| 1 | Financials | 15.67% |
| 2 | Technology | 14.76% |
| 3 | Healthcare | 13.19% |
| 4 | Industrials | 10.65% |
| 5 | Consumer Discretionary | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Nike
NKE
$114B
| $152M | 0.25% |
2,887,020
-148,500
| -5% | -$7.82M |
|
77
DuPont de Nemours
DD
$32.2B
| $152M | 0.25% |
2,923,490
-134,000
| -4% | -$6.95M |
|
78
Abbott
ABT
$231B
| $151M | 0.25% |
3,561,529
-146,900
| -4% | -$6.21M |
|
79
Broadcom
AVGO
$1.4T
| $148M | 0.24% |
858,514
-72,500
| -8% | -$12.5M |
|
80
Caterpillar
CAT
$196B
| $148M | 0.24% |
1,667,835
-55,000
| -3% | -$4.88M |
|
81
American Express
AXP
$231B
| $146M | 0.24% |
2,285,026
-151,300
| -6% | -$9.69M |
|
82
Chubb
CB
$110B
| $146M | 0.24% |
1,158,969
-72,100
| -6% | -$9.06M |
|
83
Thermo Fisher Scientific
TMO
$186B
| $144M | 0.24% |
904,000
-54,200
| -6% | -$8.62M |
|
84
TJX Companies
TJX
$152B
| $136M | 0.22% |
1,819,232
-101,200
| -5% | -$7.57M |
|
85
Synchrony
SYF
$28.4B
| $135M | 0.22% |
4,834,019
-212,900
| -4% | -$5.96M |
|
86
Charter Communications
CHTR
$36.3B
| $133M | 0.22% |
491,694
-30,800
| -6% | -$8.32M |
|
87
Adobe
ADBE
$151B
| $132M | 0.22% |
1,216,300
-73,500
| -6% | -$7.98M |
|
|
MON
88
DELISTED
Monsanto Co
MON
| $130M | 0.21% |
1,273,682
-47,100
| -4% | -$4.81M |
|
89
PNC Financial Services
PNC
$81.7B
| $129M | 0.21% |
1,431,657
-61,700
| -4% | -$5.56M |
|
90
General Dynamics
GD
$87.3B
| $128M | 0.21% |
827,911
-48,900
| -6% | -$7.59M |
|
91
EOG Resources
EOG
$68.2B
| $128M | 0.21% |
1,319,010
-71,700
| -5% | -$6.93M |
|
92
Phillips 66
PSX
$54B
| $124M | 0.2% |
1,535,170
-126,300
| -8% | -$10.2M |
|
93
Kimberly-Clark
KMB
$42.8B
| $124M | 0.2% |
980,067
+9,900
| +1% | +$1.25M |
|
94
Dominion Energy
D
$51.1B
| $124M | 0.2% |
1,663,138
-81,100
| -5% | -$6.02M |
|
95
Bank of New York Mellon
BK
$74.5B
| $123M | 0.2% |
3,075,028
-125,900
| -4% | -$5.02M |
|
96
Target
TGT
$43.6B
| $119M | 0.2% |
1,729,261
-85,200
| -5% | -$5.85M |
|
97
Southern Company
SO
$102B
| $118M | 0.19% |
2,308,128
-117,000
| -5% | -$6M |
|
98
Kraft Heinz
KHC
$33.1B
| $116M | 0.19% |
1,292,200
-78,300
| -6% | -$7.01M |
|
99
American Tower
AMT
$95.5B
| $115M | 0.19% |
1,018,601
+7,100
| +0.7% | +$805K |
|
100
Ford
F
$46.8B
| $115M | 0.19% |
9,554,154
-532,400
| -5% | -$6.43M |
|