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 |
Apple
AAPL
|
$3.23B |
| 2 |
Tesla
TSLA
|
$584M |
| 3 |
ATVI
Activision Blizzard Inc.
ATVI
|
$217M |
| 4 |
T-Mobile US
TMUS
|
$208M |
| 5 |
Electronic Arts
EA
|
$208M |
Top Sells
| 1 |
Realty Income
O
|
$110M |
| 2 |
Healthpeak Properties
DOC
|
$86.3M |
| 3 |
Hartford Financial Services
HIG
|
$63.5M |
| 4 |
Annaly Capital Management
NLY
|
$62.7M |
| 5 |
W.P. Carey
WPC
|
$51.3M |
Sector Composition
| 1 | Technology | 21.87% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.93% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
American Electric Power
AEP
$59.4B
| $337M | 0.3% | 4,129,034 -26,378 | -0.6% | -$2.16M |
|
77
Exxon Mobil
XOM
$487B
| $335M | 0.3% | 9,745,227 +229,666 | +2% | +$7.88M |
|
78
Progressive
PGR
$145B
| $332M | 0.3% | 3,503,128 +66,669 | +2% | +$6.31M |
|
79
IBM
IBM
$227B
| $328M | 0.29% | 2,697,425 -10,163 | -0.4% | -$1.24M |
|
80
Broadcom
AVGO
$1.4T
| $328M | 0.29% | 899,993 +21,628 | +2% | +$7.88M |
|
81
Baxter International
BAX
$12.7B
| $325M | 0.29% | 4,039,881 +76,568 | +2% | +$6.16M |
|
82
Chevron
CVX
$324B
| $310M | 0.28% | 4,311,664 +96,959 | +2% | +$6.98M |
|
83
Zoom
ZM
$24.4B
| $307M | 0.27% | 653,764 +312,406 | +92% | +$147M |
|
84
Union Pacific
UNP
$133B
| $307M | 0.27% | 1,559,848 +35,974 | +2% | +$7.08M |
|
85
Qualcomm
QCOM
$173B
| $305M | 0.27% | 2,588,735 +57,455 | +2% | +$6.76M |
|
86
Xcel Energy
XEL
$42.8B
| $302M | 0.27% | 4,376,537 -18,378 | -0.4% | -$1.27M |
|
87
L3Harris
LHX
$51.9B
| $300M | 0.27% | 1,768,274 +32,702 | +2% | +$5.55M |
|
|
88
Electronic Arts
EA
$43B
| $291M | 0.26% | 2,233,454 +1,594,927 | +250% | +$208M |
|
89
Starbucks
SBUX
$100B
| $290M | 0.26% | 3,369,605 +93,656 | +3% | +$8.05M |
|
90
Lowe's Companies
LOW
$145B
| $289M | 0.26% | 1,741,425 +32,840 | +2% | +$5.45M |
|
91
Public Storage
PSA
$51.7B
| $288M | 0.26% | 1,293,981 -12,339 | -0.9% | -$2.75M |
|
92
Intercontinental Exchange
ICE
$101B
| $287M | 0.26% | 2,871,832 +33,046 | +1% | +$3.31M |
|
93
Linde
LIN
$224B
| $287M | 0.26% | 1,205,049 +28,069 | +2% | +$6.68M |
|
94
Berkshire Hathaway Class A
BRK.A
$1.09T
| $285M | 0.25% | 892 -25 | -3% | -$8M |
|
95
Honeywell
HON
$139B
| $281M | 0.25% | 1,707,245 +51,384 | +3% | +$8.46M |
|
96
General Mills
GIS
$26.4B
| $281M | 0.25% | 4,548,021 +59,857 | +1% | +$3.69M |
|
97
Stryker
SYK
$150B
| $279M | 0.25% | 1,340,125 -45,946 | -3% | -$9.57M |
|
98
Cognizant
CTSH
$35.3B
| $279M | 0.25% | 4,021,418 +81,999 | +2% | +$5.69M |
|
99
Exelon
EXC
$44.1B
| $275M | 0.24% | 7,677,173 +198,038 | +3% | +$7.08M |
|
100
Global Payments
GPN
$21.5B
| $274M | 0.24% | 1,540,751 +31,401 | +2% | +$5.58M |
|