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 |
Walmart
WMT
|
$250M |
| 2 |
Amphenol
APH
|
$147M |
| 3 |
Target
TGT
|
$142M |
| 4 |
Abbott
ABT
|
$113M |
| 5 |
Verizon
VZ
|
$87.4M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Newmont
NEM
$81.7B
| $374M | 0.28% | 6,206,728 -292,536 | -5% | -$17.6M |
|
77
IBM
IBM
$227B
| $372M | 0.28% | 2,793,027 +9,603 | +0.3% | +$1.28M |
|
78
Honeywell
HON
$139B
| $369M | 0.28% | 1,701,198 -65,736 | -4% | -$14.3M |
|
79
Starbucks
SBUX
$100B
| $369M | 0.28% | 3,373,807 -100,392 | -3% | -$11M |
|
80
Becton Dickinson
BDX
$55.3B
| $364M | 0.28% | 1,495,895 +32,260 | +2% | +$7.84M |
|
81
Citigroup
C
$178B
| $362M | 0.28% | 4,971,020 -249,886 | -5% | -$18.2M |
|
82
Stryker
SYK
$150B
| $346M | 0.26% | 1,419,742 -27,629 | -2% | -$6.73M |
|
83
Qualcomm
QCOM
$173B
| $345M | 0.26% | 2,599,231 -80,833 | -3% | -$10.7M |
|
84
Wells Fargo
WFC
$263B
| $341M | 0.26% | 8,721,384 -687,690 | -7% | -$26.9M |
|
85
Union Pacific
UNP
$133B
| $340M | 0.26% | 1,540,640 -80,816 | -5% | -$17.8M |
|
86
Berkshire Hathaway Class A
BRK.A
$1.09T
| $337M | 0.26% | 875 -15 | -2% | -$5.79M |
|
87
Linde
LIN
$224B
| $337M | 0.26% | 1,203,700 -45,882 | -4% | -$12.9M |
|
88
Progressive
PGR
$145B
| $336M | 0.26% | 3,514,526 -62,631 | -2% | -$5.99M |
|
89
Baxter International
BAX
$12.7B
| $333M | 0.25% | 3,953,630 -149,046 | -4% | -$12.6M |
|
90
Exelon
EXC
$44.1B
| $329M | 0.25% | 7,524,893 -303,372 | -4% | -$13.3M |
|
91
L3Harris
LHX
$51.9B
| $329M | 0.25% | 1,622,686 -107,090 | -6% | -$21.7M |
|
92
Intercontinental Exchange
ICE
$101B
| $326M | 0.25% | 2,915,420 -57,078 | -2% | -$6.37M |
|
93
American Electric Power
AEP
$59.4B
| $324M | 0.25% | 3,828,821 -179,809 | -4% | -$15.2M |
|
94
Equinix
EQIX
$76.9B
| $324M | 0.25% | 476,483 -7,106 | -1% | -$4.83M |
|
95
Lowe's Companies
LOW
$145B
| $324M | 0.25% | 1,702,498 -106,150 | -6% | -$20.2M |
|
96
United Parcel Service
UPS
$74.1B
| $319M | 0.24% | 1,878,640 +172,016 | +10% | +$29.2M |
|
97
Kimberly-Clark
KMB
$42.8B
| $319M | 0.24% | 2,296,058 -38,901 | -2% | -$5.41M |
|
98
Cognizant
CTSH
$35.3B
| $314M | 0.24% | 4,015,196 -60,777 | -1% | -$4.75M |
|
99
Global Payments
GPN
$21.5B
| $312M | 0.24% | 1,549,289 -26,360 | -2% | -$5.31M |
|
|
100
Amphenol
APH
$133B
| $304M | 0.23% | 4,615,139 +2,222,748 | +93% | +$147M |
|