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 |
Walt Disney
DIS
|
$134M |
| 2 |
PepsiCo
PEP
|
$132M |
| 3 |
Coca-Cola
KO
|
$126M |
| 4 |
Procter & Gamble
PG
|
$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$315M |
| 2 |
Mastercard
MA
|
$267M |
| 3 |
Apple
AAPL
|
$221M |
| 4 |
RTN
Raytheon Company
RTN
|
$149M |
| 5 |
Northrop Grumman
NOC
|
$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Bristol-Myers Squibb
BMY
$96B
| $244M | 0.3% | 5,118,016 +642,267 | +14% | +$30.6M |
|
77
Becton Dickinson
BDX
$55.3B
| $243M | 0.3% | 971,355 +223,484 | +30% | +$55.8M |
|
78
DuPont de Nemours
DD
$32.2B
| $240M | 0.3% | 4,511,011 +556,701 | +14% | +$29.7M |
|
79
Starbucks
SBUX
$100B
| $234M | 0.29% | 3,141,872 +72,485 | +2% | +$5.39M |
|
80
Automatic Data Processing
ADP
$123B
| $232M | 0.29% | 1,451,141 +127,382 | +10% | +$20.3M |
|
81
Travelers Companies
TRV
$61.1B
| $232M | 0.29% | 1,689,866 +228,830 | +16% | +$31.4M |
|
82
Kimberly-Clark
KMB
$42.8B
| $231M | 0.28% | 1,864,447 +282,643 | +18% | +$35M |
|
83
Allstate
ALL
$53.6B
| $227M | 0.28% | 2,406,590 +283,541 | +13% | +$26.7M |
|
84
Ross Stores
ROST
$48.1B
| $224M | 0.28% | 2,410,916 +418,404 | +21% | +$39M |
|
85
Public Storage
PSA
$51.7B
| $224M | 0.28% | 1,028,520 +160,624 | +19% | +$35M |
|
86
3M
MMM
$82.8B
| $223M | 0.27% | 1,072,684 -32,076 | -3% | -$6.66M |
|
87
Broadcom
AVGO
$1.4T
| $222M | 0.27% | 737,189 -4,438 | -0.6% | -$1.33M |
|
88
Stryker
SYK
$150B
| $216M | 0.27% | 1,095,074 -145,408 | -12% | -$28.7M |
|
89
Netflix
NFLX
$513B
| $213M | 0.26% | 596,002 -93,097 | -14% | -$33.2M |
|
90
Nike
NKE
$114B
| $210M | 0.26% | 2,494,361 -64,137 | -3% | -$5.4M |
|
91
Thermo Fisher Scientific
TMO
$186B
| $208M | 0.26% | 760,563 -36,062 | -5% | -$9.87M |
|
92
Dollar General
DG
$23.9B
| $205M | 0.25% | 1,721,382 +258,273 | +18% | +$30.8M |
|
93
Gilead Sciences
GILD
$140B
| $203M | 0.25% | 3,115,032 -125,241 | -4% | -$8.14M |
|
94
US Bancorp
USB
$76B
| $202M | 0.25% | 4,189,976 -43,501 | -1% | -$2.1M |
|
95
Cigna
CI
$80.3B
| $201M | 0.25% | 1,248,526 -89,438 | -7% | -$14.4M |
|
96
Yum! Brands
YUM
$40.8B
| $200M | 0.25% | 1,999,881 +327,242 | +20% | +$32.7M |
|
97
Lowe's Companies
LOW
$145B
| $198M | 0.24% | 1,809,384 -17,681 | -1% | -$1.94M |
|
98
Salesforce
CRM
$245B
| $198M | 0.24% | 1,250,180 -21,562 | -2% | -$3.41M |
|
99
Humana
HUM
$36.5B
| $197M | 0.24% | 742,451 +40,685 | +6% | +$10.8M |
|
100
Zoetis
ZTS
$69.3B
| $196M | 0.24% | 1,943,413 +269,781 | +16% | +$27.2M |
|