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
|
$204M |
| 2 |
Exxon Mobil
XOM
|
$181M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$158M |
| 4 |
Microsoft
MSFT
|
$144M |
| 5 |
Wells Fargo
WFC
|
$129M |
Top Sells
| 1 |
DELL
DELL INC
DELL
|
$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
$50M |
| 3 |
NYX
NYSE EURONEXT INC
NYX
|
$31.4M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$31.4M |
| 5 |
Perrigo
PRGO
|
$28.7M |
Sector Composition
| 1 | Financials | 15.94% |
| 2 | Technology | 13.6% |
| 3 | Healthcare | 12.04% |
| 4 | Industrials | 11.44% |
| 5 | Energy | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
PARA
101
DELISTED
Paramount Global Class B
PARA
| $131M | 0.19% |
2,081,299
+371,252
| +22% | +$23.4M |
|
102
Nike
NKE
$114B
| $130M | 0.19% |
1,658,337
+92,399
| +6% | +$7.22M |
|
103
Halliburton
HAL
$19.4B
| $129M | 0.19% |
2,519,442
+382,212
| +18% | +$19.6M |
|
104
Bank of New York Mellon
BK
$74.5B
| $129M | 0.19% |
3,731,828
+283,419
| +8% | +$9.79M |
|
|
APC
105
DELISTED
Anadarko Petroleum
APC
| $128M | 0.19% |
1,631,856
+314,879
| +24% | +$24.6M |
|
|
DTV
106
DELISTED
DIRECTV COM STK (DE)
DTV
| $127M | 0.18% |
1,886,386
+260,733
| +16% | +$17.6M |
|
107
NextEra Energy, Inc.
NEE
$148B
| $127M | 0.18% |
1,496,378
+385,839
| +35% | +$32.6M |
|
108
Kimberly-Clark
KMB
$42.8B
| $126M | 0.18% |
1,203,252
+82,880
| +7% | +$8.7M |
|
|
TWC
109
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $125M | 0.18% |
937,466
+97,993
| +12% | +$13.1M |
|
110
Target
TGT
$43.6B
| $125M | 0.18% |
1,996,611
+144,657
| +8% | +$9.04M |
|
111
LyondellBasell Industries
LYB
$18.1B
| $125M | 0.18% |
1,572,219
+473,513
| +43% | +$37.6M |
|
112
Johnson Controls International
JCI
$69.9B
| $120M | 0.17% |
2,350,370
+539,806
| +30% | +$27.6M |
|
113
Cognizant
CTSH
$35.3B
| $119M | 0.17% |
1,195,610
+408,039
| +52% | +$40.6M |
|
114
APA Corp
APA
$8.31B
| $118M | 0.17% |
1,371,670
+319,646
| +30% | +$27.6M |
|
115
Thermo Fisher Scientific
TMO
$186B
| $118M | 0.17% |
1,073,611
+140,429
| +15% | +$15.5M |
|
|
PCP
116
DELISTED
PRECISION CASTPARTS CORP
PCP
| $118M | 0.17% |
435,284
+75,437
| +21% | +$20.4M |
|
117
Allstate
ALL
$53.6B
| $118M | 0.17% |
2,187,706
+580,821
| +36% | +$31.2M |
|
|
PX
118
DELISTED
Praxair Inc
PX
| $116M | 0.17% |
896,346
+105,933
| +13% | +$13.7M |
|
119
Dominion Energy
D
$51.1B
| $116M | 0.17% |
1,795,638
+134,013
| +8% | +$8.63M |
|
120
Baxter International
BAX
$12.7B
| $115M | 0.17% |
1,662,543
+163,534
| +11% | +$11.3M |
|
121
Travelers Companies
TRV
$61.1B
| $114M | 0.16% |
1,263,911
+70,130
| +6% | +$6.31M |
|
122
Blackrock
BLK
$175B
| $113M | 0.16% |
359,445
+17,985
| +5% | +$5.67M |
|
123
Valero Energy
VLO
$47.2B
| $113M | 0.16% |
2,323,858
+646,097
| +39% | +$31.5M |
|
124
Automatic Data Processing
ADP
$123B
| $112M | 0.16% |
1,382,630
+44,493
| +3% | +$3.59M |
|
|
DFS
125
DELISTED
Discover Financial Services
DFS
| $110M | 0.16% |
2,017,869
+641,155
| +47% | +$35M |
|