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
|
$1.51B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$495M |
| 3 |
Union Pacific
UNP
|
$137M |
| 4 |
CELG
Celgene Corp
CELG
|
$116M |
| 5 |
Comcast
CMCSA
|
$73.1M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$67.3M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$65.9M |
| 3 |
Synovus
SNV
|
$55.9M |
| 4 |
Exxon Mobil
XOM
|
$36.8M |
| 5 |
WFT
Weatherford International plc
WFT
|
$36.7M |
Sector Composition
| 1 | Financials | 15.85% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 12.47% |
| 4 | Industrials | 10.95% |
| 5 | Energy | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Chubb
CB
$110B
| $141M | 0.19% | 1,364,044 +25,887 | +2% | +$2.68M |
|
102
Danaher
DHR
$147B
| $138M | 0.19% | 1,755,064 -140,702 | -7% | -$11.1M |
|
103
Kimberly-Clark
KMB
$42.8B
| $137M | 0.19% | 1,230,952 -23,747 | -2% | -$2.64M |
|
104
FedEx
FDX
$54.5B
| $135M | 0.18% | 893,026 -44,760 | -5% | -$6.78M |
|
|
TWC
105
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $134M | 0.18% | 909,785 -46,664 | -5% | -$6.87M |
|
106
Exelon
EXC
$44.1B
| $133M | 0.18% | 3,652,397 +301,591 | +9% | +$11M |
|
107
Bank of New York Mellon
BK
$74.5B
| $133M | 0.18% | 3,546,496 -91,100 | -3% | -$3.41M |
|
108
Dominion Energy
D
$51.1B
| $131M | 0.18% | 1,837,609 -90,495 | -5% | -$6.47M |
|
109
Delta Air Lines
DAL
$40.3B
| $128M | 0.17% | 3,310,748 -22,663 | -0.7% | -$878K |
|
110
State Street
STT
$32.6B
| $128M | 0.17% | 1,901,239 +67,135 | +4% | +$4.52M |
|
111
Thermo Fisher Scientific
TMO
$186B
| $127M | 0.17% | 1,072,700 -133,900 | -11% | -$15.8M |
|
|
AET
112
DELISTED
Aetna Inc
AET
| $125M | 0.17% | 1,543,930 +55,469 | +4% | +$4.5M |
|
113
Freeport-McMoran
FCX
$63.7B
| $125M | 0.17% | 3,416,250 -73,003 | -2% | -$2.66M |
|
114
Nike
NKE
$114B
| $125M | 0.17% | 1,606,266 -109,700 | -6% | -$8.51M |
|
115
General Dynamics
GD
$87.3B
| $123M | 0.17% | 1,059,211 -3,100 | -0.3% | -$361K |
|
|
DFS
116
DELISTED
Discover Financial Services
DFS
| $123M | 0.17% | 1,991,339 -24,400 | -1% | -$1.51M |
|
|
COV
117
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $123M | 0.17% | 1,368,135 -21,200 | -2% | -$1.91M |
|
118
Blackrock
BLK
$175B
| $123M | 0.17% | 385,375 -2,600 | -0.7% | -$831K |
|
119
TJX Companies
TJX
$152B
| $122M | 0.17% | 2,287,666 -101,448 | -4% | -$5.39M |
|
120
Cigna
CI
$80.3B
| $119M | 0.16% | 1,296,717 +149,640 | +13% | +$13.8M |
|
|
AGN
121
DELISTED
Allergan plc
AGN
| $118M | 0.16% | 528,980 -25,507 | -5% | -$5.69M |
|
|
HES
122
DELISTED
Hess
HES
| $117M | 0.16% | 1,187,830 +44,264 | +4% | +$4.38M |
|
|
PX
123
DELISTED
Praxair Inc
PX
| $117M | 0.16% | 883,268 +8,300 | +0.9% | +$1.1M |
|
124
Adobe
ADBE
$151B
| $117M | 0.16% | 1,617,483 +6,275 | +0.4% | +$454K |
|
125
APA Corp
APA
$8.31B
| $117M | 0.16% | 1,161,536 -1,100 | -0.1% | -$111K |
|