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 |
AT&T
T
|
$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$146M |
| 3 |
PepsiCo
PEP
|
$65.1M |
| 4 |
Coca-Cola
KO
|
$62.7M |
| 5 |
Pfizer
PFE
|
$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
$178M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Microsoft
MSFT
|
$135M |
| 5 |
Amazon
AMZN
|
$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
PNC Financial Services
PNC
$81.7B
| $177M | 0.24% | 1,311,395 +5,470 | +0.4% | +$739K |
|
|
AET
77
DELISTED
Aetna Inc
AET
| $174M | 0.24% | 947,559 +61,338 | +7% | +$11.3M |
|
78
American Express
AXP
$231B
| $171M | 0.24% | 1,748,393 -251,349 | -13% | -$24.6M |
|
|
RTN
79
DELISTED
Raytheon Company
RTN
| $170M | 0.23% | 878,744 +171,733 | +24% | +$33.2M |
|
80
Thermo Fisher Scientific
TMO
$186B
| $168M | 0.23% | 810,343 -72,291 | -8% | -$15M |
|
81
Humana
HUM
$36.5B
| $167M | 0.23% | 560,253 +99,613 | +22% | +$29.6M |
|
82
Chubb
CB
$110B
| $166M | 0.23% | 1,305,910 +282,767 | +28% | +$35.9M |
|
83
United Parcel Service
UPS
$74.1B
| $163M | 0.23% | 1,532,673 -97,378 | -6% | -$10.3M |
|
84
Starbucks
SBUX
$100B
| $162M | 0.22% | 3,324,863 -95,969 | -3% | -$4.69M |
|
85
Stryker
SYK
$150B
| $159M | 0.22% | 944,449 +180,209 | +24% | +$30.4M |
|
86
Biogen
BIIB
$19.4B
| $159M | 0.22% | 548,675 +540 | +0.1% | +$157K |
|
87
CME Group
CME
$96B
| $157M | 0.22% | 958,803 +84,701 | +10% | +$13.9M |
|
88
Duke Energy
DUK
$95.3B
| $157M | 0.22% | 1,985,214 +314,104 | +19% | +$24.8M |
|
89
Occidental Petroleum
OXY
$46.9B
| $155M | 0.21% | 1,853,826 -138,091 | -7% | -$11.6M |
|
90
Becton Dickinson
BDX
$55.3B
| $155M | 0.21% | 646,044 +56,556 | +10% | +$13.5M |
|
91
Colgate-Palmolive
CL
$67.9B
| $150M | 0.21% | 2,312,052 +236,946 | +11% | +$15.4M |
|
92
General Dynamics
GD
$87.3B
| $149M | 0.21% | 801,319 +136,816 | +21% | +$25.5M |
|
93
Morgan Stanley
MS
$240B
| $149M | 0.21% | 3,144,346 +56,157 | +2% | +$2.66M |
|
94
Northrop Grumman
NOC
$84.5B
| $149M | 0.21% | 482,808 +86,735 | +22% | +$26.7M |
|
95
Bank of New York Mellon
BK
$74.5B
| $147M | 0.2% | 2,720,098 -75,970 | -3% | -$4.1M |
|
96
EOG Resources
EOG
$68.2B
| $144M | 0.2% | 1,157,791 -77,489 | -6% | -$9.64M |
|
97
Intuit
INTU
$186B
| $142M | 0.2% | 694,424 +112,520 | +19% | +$23M |
|
98
FedEx
FDX
$54.5B
| $140M | 0.19% | 618,625 -10,642 | -2% | -$2.42M |
|
99
Automatic Data Processing
ADP
$123B
| $140M | 0.19% | 1,046,831 -41,133 | -4% | -$5.52M |
|
|
CELG
100
DELISTED
Celgene Corp
CELG
| $140M | 0.19% | 1,757,518 -145,882 | -8% | -$11.6M |
|