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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$224M |
| 3 |
Aflac
AFL
|
$52.6M |
| 4 |
Fiserv
FI
|
$36.2M |
| 5 |
JOBS
51job, Inc.
JOBS
|
$26.8M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$312M |
| 2 |
Amazon
AMZN
|
$153M |
| 3 |
Johnson & Johnson
JNJ
|
$75.8M |
| 4 |
Microsoft
MSFT
|
$69.7M |
| 5 |
Honeywell
HON
|
$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.6% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Salesforce
CRM
$245B
| $174M | 0.25% | 1,493,139 -57,868 | -4% | -$6.73M |
|
77
United Parcel Service
UPS
$74.1B
| $171M | 0.24% | 1,630,051 -13,563 | -0.8% | -$1.42M |
|
|
CELG
78
DELISTED
Celgene Corp
CELG
| $170M | 0.24% | 1,903,400 -141,569 | -7% | -$12.6M |
|
79
Morgan Stanley
MS
$240B
| $167M | 0.24% | 3,088,189 -42,436 | -1% | -$2.29M |
|
80
Charter Communications
CHTR
$36.3B
| $155M | 0.22% | 498,120 -121,500 | -20% | -$37.8M |
|
81
Elevance Health
ELV
$71.8B
| $154M | 0.22% | 701,970 -19,791 | -3% | -$4.35M |
|
82
Applied Materials
AMAT
$128B
| $153M | 0.22% | 2,747,519 -47,868 | -2% | -$2.66M |
|
|
RTN
83
DELISTED
Raytheon Company
RTN
| $153M | 0.22% | 707,011 -55,382 | -7% | -$12M |
|
84
Blackrock
BLK
$175B
| $152M | 0.22% | 280,294 -29,585 | -10% | -$16M |
|
85
FedEx
FDX
$54.5B
| $151M | 0.22% | 629,267 +9,985 | +2% | +$2.4M |
|
86
Biogen
BIIB
$19.4B
| $150M | 0.21% | 548,135 +15,899 | +3% | +$4.35M |
|
|
AET
87
DELISTED
Aetna Inc
AET
| $150M | 0.21% | 886,221 -53,205 | -6% | -$8.99M |
|
88
Colgate-Palmolive
CL
$67.9B
| $149M | 0.21% | 2,075,106 -122,807 | -6% | -$8.8M |
|
89
General Dynamics
GD
$87.3B
| $147M | 0.21% | 664,503 -49,524 | -7% | -$10.9M |
|
90
Mondelez International
MDLZ
$79.5B
| $146M | 0.21% | 3,488,408 -152,182 | -4% | -$6.35M |
|
91
Bank of New York Mellon
BK
$74.5B
| $144M | 0.21% | 2,796,068 -69,216 | -2% | -$3.57M |
|
92
CME Group
CME
$96B
| $141M | 0.2% | 874,102 -94,273 | -10% | -$15.2M |
|
|
WBA
93
DELISTED
Walgreens Boots Alliance
WBA
| $140M | 0.2% | 2,138,869 +46,180 | +2% | +$3.02M |
|
94
Chubb
CB
$110B
| $140M | 0.2% | 1,023,143 -139,108 | -12% | -$19M |
|
95
Danaher
DHR
$147B
| $139M | 0.2% | 1,423,602 +16,273 | +1% | +$1.59M |
|
96
Northrop Grumman
NOC
$84.5B
| $138M | 0.2% | 396,073 -76,952 | -16% | -$26.9M |
|
97
American Tower
AMT
$95.5B
| $137M | 0.19% | 941,193 -44,940 | -5% | -$6.53M |
|
98
TJX Companies
TJX
$152B
| $136M | 0.19% | 1,663,772 -78,561 | -5% | -$6.41M |
|
99
American International
AIG
$45.1B
| $134M | 0.19% | 2,468,198 -220,091 | -8% | -$12M |
|
100
Capital One
COF
$145B
| $132M | 0.19% | 1,373,030 -57,169 | -4% | -$5.48M |
|