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 |
Apollo Global Management
APO
|
$635M |
| 2 |
Mastercard
MA
|
$222M |
| 3 |
Verizon
VZ
|
$198M |
| 4 |
EOG Resources
EOG
|
$105M |
| 5 |
Cognizant
CTSH
|
$51.3M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
$35.3M |
| 3 |
Vodafone
VOD
|
$32.6M |
| 4 |
Voya Financial
VOYA
|
$30.5M |
| 5 |
Walmart
WMT
|
$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.11% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Kimberly-Clark
KMB
$42.8B
| $139M | 0.2% | 1,254,699 +51,447 | +4% | +$5.7M |
|
102
Capital One
COF
$145B
| $136M | 0.19% | 1,800,496 -72,742 | -4% | -$5.51M |
|
103
Dominion Energy
D
$51.1B
| $136M | 0.19% | 1,928,104 +132,466 | +7% | +$9.34M |
|
104
Prudential Financial
PRU
$38.6B
| $134M | 0.19% | 1,646,576 -12,649 | -0.8% | -$1.03M |
|
105
Chubb
CB
$110B
| $131M | 0.19% | 1,338,157 +55,867 | +4% | +$5.46M |
|
|
TWC
106
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $130M | 0.19% | 956,449 +18,983 | +2% | +$2.58M |
|
107
Nike
NKE
$114B
| $125M | 0.18% | 1,715,966 +57,629 | +3% | +$4.2M |
|
|
PARA
108
DELISTED
Paramount Global Class B
PARA
| $125M | 0.18% | 2,063,697 -17,602 | -0.8% | -$1.06M |
|
109
FedEx
FDX
$54.5B
| $125M | 0.18% | 937,786 -78,820 | -8% | -$10.5M |
|
110
Bank of New York Mellon
BK
$74.5B
| $123M | 0.18% | 3,637,596 -94,232 | -3% | -$3.19M |
|
111
State Street
STT
$32.6B
| $121M | 0.17% | 1,834,104 +8,087 | +0.4% | +$533K |
|
112
Target
TGT
$43.6B
| $121M | 0.17% | 1,963,530 -33,081 | -2% | -$2.03M |
|
113
Exelon
EXC
$44.1B
| $119M | 0.17% | 3,350,806 -28,437 | -0.8% | -$1.01M |
|
|
AGN
114
DELISTED
ALLERGAN INC
AGN
| $119M | 0.17% | 1,009,963 +126,063 | +14% | +$14.9M |
|
|
VIAB
115
DELISTED
Viacom Inc. Class B
VIAB
| $118M | 0.17% | 1,407,154 -166,534 | -11% | -$13.9M |
|
116
Blackrock
BLK
$175B
| $117M | 0.17% | 387,975 +28,530 | +8% | +$8.63M |
|
117
Freeport-McMoran
FCX
$63.7B
| $117M | 0.17% | 3,489,253 -124,595 | -3% | -$4.19M |
|
118
Baxter International
BAX
$12.7B
| $115M | 0.16% | 1,590,291 -72,252 | -4% | -$5.22M |
|
119
Eaton
ETN
$136B
| $114M | 0.16% | 1,555,655 +183,772 | +13% | +$13.5M |
|
|
DFS
120
DELISTED
Discover Financial Services
DFS
| $114M | 0.16% | 2,015,739 -2,130 | -0.1% | -$120K |
|
121
General Dynamics
GD
$87.3B
| $113M | 0.16% | 1,062,311 +68,100 | +7% | +$7.24M |
|
|
PCP
122
DELISTED
PRECISION CASTPARTS CORP
PCP
| $113M | 0.16% | 455,663 +20,379 | +5% | +$5.03M |
|
|
PX
123
DELISTED
Praxair Inc
PX
| $112M | 0.16% | 874,968 -21,378 | -2% | -$2.74M |
|
124
Allstate
ALL
$53.6B
| $112M | 0.16% | 2,005,649 -182,057 | -8% | -$10.2M |
|
|
ALXN
125
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $112M | 0.16% | 757,054 +54,425 | +8% | +$8.04M |
|