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 |
Coca-Cola
KO
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
DuPont de Nemours
DD
|
$236M |
| 4 |
Microsoft
MSFT
|
$209M |
| 5 |
JPMorgan Chase
JPM
|
$134M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Becton Dickinson
BDX
$55.3B
| $261M | 0.31% | 1,034,272 +62,917 | +6% | +$15.9M |
|
77
Automatic Data Processing
ADP
$123B
| $261M | 0.31% | 1,576,241 +125,100 | +9% | +$20.7M |
|
78
Adobe
ADBE
$151B
| $257M | 0.3% | 872,278 -64,866 | -7% | -$19.1M |
|
79
Sysco
SYY
$38.5B
| $256M | 0.3% | 3,614,248 +695,556 | +24% | +$49.2M |
|
80
PayPal
PYPL
$67.1B
| $250M | 0.3% | 2,186,932 -215,535 | -9% | -$24.7M |
|
81
Sempra
SRE
$53.9B
| $248M | 0.29% | 1,804,206 +300,044 | +20% | +$41.2M |
|
82
Bristol-Myers Squibb
BMY
$96B
| $246M | 0.29% | 5,418,676 +300,660 | +6% | +$13.6M |
|
|
83
Newmont
NEM
$81.7B
| $244M | 0.29% | 6,336,884 +2,893,799 | +84% | +$111M |
|
84
Zoetis
ZTS
$69.3B
| $243M | 0.29% | 2,140,654 +197,241 | +10% | +$22.4M |
|
85
Alibaba
BABA
$322B
| $240M | 0.28% | 1,418,706 -91,718 | -6% | -$15.5M |
|
86
Stryker
SYK
$150B
| $240M | 0.28% | 1,166,924 +71,850 | +7% | +$14.8M |
|
87
Amgen
AMGN
$155B
| $238M | 0.28% | 1,293,406 -208,549 | -14% | -$38.4M |
|
88
Welltower
WELL
$113B
| $234M | 0.28% | 2,876,010 +464,084 | +19% | +$37.8M |
|
89
Xcel Energy
XEL
$42.8B
| $234M | 0.28% | 3,940,117 +608,069 | +18% | +$36.2M |
|
90
Cognizant
CTSH
$35.3B
| $234M | 0.28% | 3,686,750 +252,987 | +7% | +$16M |
|
91
Union Pacific
UNP
$133B
| $232M | 0.27% | 1,370,753 -143,574 | -9% | -$24.3M |
|
92
Public Service Enterprise Group
PEG
$41.1B
| $223M | 0.26% | 3,798,378 +539,988 | +17% | +$31.8M |
|
93
Equity Residential
EQR
$25.3B
| $220M | 0.26% | 2,900,970 +505,971 | +21% | +$38.4M |
|
94
AvalonBay Communities
AVB
$27.9B
| $218M | 0.26% | 1,071,065 +218,169 | +26% | +$44.3M |
|
95
Netflix
NFLX
$513B
| $215M | 0.25% | 586,172 -9,830 | -2% | -$3.61M |
|
96
Amphenol
APH
$133B
| $215M | 0.25% | 2,239,879 +323,383 | +17% | +$31M |
|
97
AbbVie
ABBV
$372B
| $213M | 0.25% | 2,922,424 -114,635 | -4% | -$8.34M |
|
98
Consolidated Edison
ED
$35.4B
| $212M | 0.25% | 2,420,574 +294,167 | +14% | +$25.8M |
|
99
Motorola Solutions
MSI
$78.7B
| $210M | 0.25% | 1,259,217 +191,661 | +18% | +$32M |
|
100
AutoZone
AZO
$70.2B
| $208M | 0.25% | 189,468 +26,343 | +16% | +$29M |
|