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 |
DuPont de Nemours
DD
|
$176M |
| 2 |
Microsoft
MSFT
|
$97.3M |
| 3 |
Apple
AAPL
|
$66.4M |
| 4 |
Meta Platforms (Facebook)
META
|
$61.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$59.5M |
Top Sells
| 1 |
DD
Du Pont De Nemours E I
DD
|
$173M |
| 2 |
BHI
Baker Hughes
BHI
|
$56.5M |
| 3 |
FTR
Frontier Communications Corp.
FTR
|
$48M |
| 4 |
Synchrony
SYF
|
$40.3M |
| 5 |
Tidewater
TDW
|
$39.5M |
Sector Composition
| 1 | Financials | 17.96% |
| 2 | Technology | 15.59% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.93% |
| 5 | Consumer Discretionary | 9.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Nike
NKE
$114B
| $167M | 0.25% |
3,220,641
+207,261
| +7% | +$10.7M |
|
77
American International
AIG
$45.1B
| $165M | 0.24% |
2,681,302
+2,946
| +0.1% | +$181K |
|
|
WBA
78
DELISTED
Walgreens Boots Alliance
WBA
| $162M | 0.24% |
2,096,982
+3,138
| +0.1% | +$242K |
|
79
Chubb
CB
$110B
| $161M | 0.24% |
1,131,724
+81,255
| +8% | +$11.6M |
|
80
Thermo Fisher Scientific
TMO
$186B
| $161M | 0.24% |
851,085
+31,385
| +4% | +$5.94M |
|
81
Biogen
BIIB
$19.4B
| $158M | 0.23% |
503,518
+5,218
| +1% | +$1.63M |
|
82
Morgan Stanley
MS
$240B
| $158M | 0.23% |
3,270,868
+118,358
| +4% | +$5.7M |
|
83
Netflix
NFLX
$513B
| $153M | 0.23% |
842,438
+19,838
| +2% | +$3.6M |
|
84
PayPal
PYPL
$67.1B
| $152M | 0.23% |
2,370,036
+92,282
| +4% | +$5.91M |
|
85
Bank of New York Mellon
BK
$74.5B
| $151M | 0.23% |
2,856,431
+56,203
| +2% | +$2.98M |
|
86
General Dynamics
GD
$87.3B
| $149M | 0.22% |
725,058
+2,147
| +0.3% | +$441K |
|
87
Colgate-Palmolive
CL
$67.9B
| $147M | 0.22% |
2,019,500
-5,254
| -0.3% | -$383K |
|
88
Mondelez International
MDLZ
$79.5B
| $145M | 0.22% |
3,563,110
+11,699
| +0.3% | +$476K |
|
|
AET
89
DELISTED
Aetna Inc
AET
| $145M | 0.22% |
910,189
+78,363
| +9% | +$12.5M |
|
|
MON
90
DELISTED
Monsanto Co
MON
| $144M | 0.21% |
1,199,732
+14,150
| +1% | +$1.7M |
|
|
AGN
91
DELISTED
Allergan plc
AGN
| $143M | 0.21% |
696,274
-37,012
| -5% | -$7.59M |
|
92
Applied Materials
AMAT
$128B
| $143M | 0.21% |
2,737,576
+55,586
| +2% | +$2.9M |
|
93
General Motors
GM
$55.8B
| $141M | 0.21% |
3,493,349
+142,549
| +4% | +$5.76M |
|
94
FedEx
FDX
$54.5B
| $140M | 0.21% |
619,555
+28,336
| +5% | +$6.39M |
|
|
RTN
95
DELISTED
Raytheon Company
RTN
| $139M | 0.21% |
746,816
+29,785
| +4% | +$5.56M |
|
96
Salesforce
CRM
$245B
| $139M | 0.21% |
1,489,884
+209,184
| +16% | +$19.5M |
|
97
Northrop Grumman
NOC
$84.5B
| $137M | 0.2% |
475,777
+15,876
| +3% | +$4.57M |
|
|
ATH
98
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $136M | 0.2% |
2,537,572
+219,700
| +9% | +$11.8M |
|
99
Elevance Health
ELV
$71.8B
| $134M | 0.2% |
704,799
+21,490
| +3% | +$4.08M |
|
100
Blackrock
BLK
$175B
| $133M | 0.2% |
298,462
+19,862
| +7% | +$8.88M |
|