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 |
AGN
Allergan plc
AGN
|
$57.2M |
| 2 |
Enterprise Products Partners
EPD
|
$57M |
| 3 |
WFT
Weatherford International plc
WFT
|
$42.9M |
| 4 |
Liberty Media Series C
FWONK
|
$27.2M |
| 5 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
$26M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$98.2M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
$73.6M |
| 3 |
Exxon Mobil
XOM
|
$43M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
$38.7M |
| 5 |
Apple
AAPL
|
$33.3M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Technology | 14.34% |
| 3 | Healthcare | 13.09% |
| 4 | Industrials | 10.65% |
| 5 | Energy | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Nike
NKE
$114B
| $141M | 0.19% | 1,577,966 -28,300 | -2% | -$2.52M |
|
102
Bank of New York Mellon
BK
$74.5B
| $139M | 0.19% | 3,600,128 +53,632 | +2% | +$2.08M |
|
103
Prudential Financial
PRU
$38.6B
| $139M | 0.19% | 1,583,220 -80,372 | -5% | -$7.07M |
|
104
NextEra Energy, Inc.
NEE
$148B
| $138M | 0.19% | 1,474,547 -21,082 | -1% | -$1.98M |
|
105
Blackrock
BLK
$175B
| $136M | 0.19% | 413,760 +28,385 | +7% | +$9.32M |
|
|
AET
106
DELISTED
Aetna Inc
AET
| $135M | 0.19% | 1,668,116 +124,186 | +8% | +$10.1M |
|
107
State Street
STT
$32.6B
| $134M | 0.18% | 1,817,514 -83,725 | -4% | -$6.16M |
|
108
General Dynamics
GD
$87.3B
| $133M | 0.18% | 1,050,311 -8,900 | -0.8% | -$1.13M |
|
109
Thermo Fisher Scientific
TMO
$186B
| $133M | 0.18% | 1,094,500 +21,800 | +2% | +$2.65M |
|
110
TJX Companies
TJX
$152B
| $133M | 0.18% | 2,240,744 -46,922 | -2% | -$2.78M |
|
111
Capital One
COF
$145B
| $132M | 0.18% | 1,622,016 -101,809 | -6% | -$8.31M |
|
|
DFS
112
DELISTED
Discover Financial Services
DFS
| $131M | 0.18% | 2,031,651 +40,312 | +2% | +$2.6M |
|
113
Kimberly-Clark
KMB
$42.8B
| $129M | 0.18% | 1,197,452 -33,500 | -3% | -$3.6M |
|
114
Archer Daniels Midland
ADM
$30.1B
| $129M | 0.18% | 2,517,588 +21,420 | +0.9% | +$1.09M |
|
115
Exelon
EXC
$44.1B
| $126M | 0.17% | 3,688,883 +36,486 | +1% | +$1.24M |
|
116
Dominion Energy
D
$51.1B
| $125M | 0.17% | 1,810,547 -27,062 | -1% | -$1.87M |
|
|
TWC
117
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $124M | 0.17% | 865,627 -44,158 | -5% | -$6.34M |
|
118
Delta Air Lines
DAL
$40.3B
| $122M | 0.17% | 3,368,934 +58,186 | +2% | +$2.1M |
|
119
Target
TGT
$43.6B
| $121M | 0.17% | 1,924,521 -20,200 | -1% | -$1.27M |
|
120
Automatic Data Processing
ADP
$123B
| $118M | 0.16% | 1,423,824 +52,400 | +4% | +$4.35M |
|
121
Elevance Health
ELV
$71.8B
| $118M | 0.16% | 986,914 -87,000 | -8% | -$10.4M |
|
122
Adobe
ADBE
$151B
| $117M | 0.16% | 1,689,891 +72,408 | +4% | +$5.01M |
|
123
Marsh & McLennan
MMC
$101B
| $116M | 0.16% | 2,215,510 -13,367 | -0.6% | -$700K |
|
124
Cigna
CI
$80.3B
| $116M | 0.16% | 1,276,922 -19,795 | -2% | -$1.8M |
|
|
COV
125
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $114M | 0.16% | 1,321,235 -46,900 | -3% | -$4.06M |
|