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
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
ConocoPhillips
COP
$124B
| $341M | 0.29% | 2,891,519 -52,370 | -2% | -$6.18M |
|
77
Dominion Energy
D
$51.1B
| $338M | 0.29% | 5,508,463 -296,976 | -5% | -$18.2M |
|
78
RTX Corp
RTX
$212B
| $337M | 0.29% | 3,341,790 -39,433 | -1% | -$3.98M |
|
79
General Mills
GIS
$26.4B
| $337M | 0.29% | 4,018,070 -272,687 | -6% | -$22.9M |
|
80
Elevance Health
ELV
$71.8B
| $332M | 0.28% | 646,441 +92,656 | +17% | +$47.5M |
|
81
American Electric Power
AEP
$59.4B
| $327M | 0.28% | 3,439,440 -226,268 | -6% | -$21.5M |
|
82
Zoetis
ZTS
$69.3B
| $326M | 0.28% | 2,227,479 -94,639 | -4% | -$13.9M |
|
83
AutoZone
AZO
$70.2B
| $323M | 0.28% | 130,921 -9,799 | -7% | -$24.2M |
|
84
Nike
NKE
$114B
| $320M | 0.27% | 2,731,097 -57,819 | -2% | -$6.77M |
|
85
CVS Health
CVS
$92.8B
| $315M | 0.27% | 3,383,074 +38,485 | +1% | +$3.59M |
|
86
Public Storage
PSA
$51.7B
| $307M | 0.26% | 1,094,118 -26,267 | -2% | -$7.36M |
|
87
Starbucks
SBUX
$100B
| $305M | 0.26% | 3,076,276 -94,289 | -3% | -$9.35M |
|
88
Amphenol
APH
$133B
| $300M | 0.26% | 3,940,060 -274,218 | -7% | -$20.9M |
|
89
Kimberly-Clark
KMB
$42.8B
| $299M | 0.26% | 2,204,394 -111,430 | -5% | -$15.1M |
|
90
Citigroup
C
$178B
| $298M | 0.25% | 6,587,633 +2,175,293 | +49% | +$98.4M |
|
91
Lowe's Companies
LOW
$145B
| $295M | 0.25% | 1,481,959 -6,408 | -0.4% | -$1.28M |
|
92
Equinix
EQIX
$76.9B
| $295M | 0.25% | 450,010 -12,502 | -3% | -$8.19M |
|
93
Netflix
NFLX
$513B
| $293M | 0.25% | 992,727 +14,432 | +1% | +$4.26M |
|
94
Motorola Solutions
MSI
$78.7B
| $287M | 0.24% | 1,112,839 -63,346 | -5% | -$16.3M |
|
95
Intel
INTC
$107B
| $287M | 0.24% | 10,847,655 -293,614 | -3% | -$7.76M |
|
96
Exelon
EXC
$44.1B
| $287M | 0.24% | 6,630,533 -341,322 | -5% | -$14.8M |
|
97
Caterpillar
CAT
$196B
| $284M | 0.24% | 1,185,466 -16,418 | -1% | -$3.93M |
|
98
Charles Schwab
SCHW
$174B
| $283M | 0.24% | 3,393,232 -54,817 | -2% | -$4.56M |
|
99
Qualcomm
QCOM
$173B
| $282M | 0.24% | 2,567,197 +12,241 | +0.5% | +$1.35M |
|
100
Northrop Grumman
NOC
$84.5B
| $277M | 0.24% | 507,240 +38,119 | +8% | +$20.8M |
|