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 |
Medtronic
MDT
|
$293M |
| 2 |
Visa
V
|
$274M |
| 3 |
AGN
Allergan plc
AGN
|
$103M |
| 4 |
Starbucks
SBUX
|
$102M |
| 5 |
Marathon Petroleum
MPC
|
$44.3M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$179M |
| 2 |
Wells Fargo
WFC
|
$127M |
| 3 |
Microsoft
MSFT
|
$113M |
| 4 |
Occidental Petroleum
OXY
|
$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
AET
101
DELISTED
Aetna Inc
AET
| $133M | 0.2% | 1,043,626 -405,844 | -28% | -$51.7M |
|
102
Cigna
CI
$80.3B
| $133M | 0.2% | 819,946 -395,067 | -33% | -$64M |
|
|
EMC
103
DELISTED
EMC CORPORATION
EMC
| $132M | 0.2% | 4,991,459 -1,202,275 | -19% | -$31.7M |
|
|
TFCFA
104
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $130M | 0.2% | 3,991,859 -462,393 | -10% | -$15M |
|
105
General Motors
GM
$55.8B
| $129M | 0.19% | 3,877,900 -1,277,326 | -25% | -$42.6M |
|
|
KRFT
106
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $129M | 0.19% | 1,516,470 +36,100 | +2% | +$3.07M |
|
107
Phillips 66
PSX
$54B
| $127M | 0.19% | 1,579,270 -403,488 | -20% | -$32.5M |
|
108
EOG Resources
EOG
$68.2B
| $127M | 0.19% | 1,452,010 -117,900 | -8% | -$10.3M |
|
109
LyondellBasell Industries
LYB
$18.1B
| $126M | 0.19% | 1,214,933 -128,499 | -10% | -$13.3M |
|
110
Blackrock
BLK
$175B
| $120M | 0.18% | 348,000 -47,243 | -12% | -$16.3M |
|
111
Dominion Energy
D
$51.1B
| $117M | 0.18% | 1,756,338 -69,194 | -4% | -$4.63M |
|
112
Emerson Electric
EMR
$74.3B
| $117M | 0.18% | 2,101,897 -310,572 | -13% | -$17.2M |
|
113
Prudential Financial
PRU
$38.6B
| $115M | 0.17% | 1,314,545 -189,842 | -13% | -$16.6M |
|
114
Adobe
ADBE
$151B
| $113M | 0.17% | 1,400,600 -357,789 | -20% | -$29M |
|
115
Kimberly-Clark
KMB
$42.8B
| $112M | 0.17% | 1,052,267 -94,900 | -8% | -$10.1M |
|
116
Southern Company
SO
$102B
| $110M | 0.17% | 2,632,428 +49,266 | +2% | +$2.06M |
|
117
Enterprise Products Partners
EPD
$69.6B
| $110M | 0.17% | 3,684,910 -641,690 | -15% | -$19.2M |
|
118
Automatic Data Processing
ADP
$123B
| $110M | 0.17% | 1,369,666 -29,100 | -2% | -$2.33M |
|
119
Yum! Brands
YUM
$40.8B
| $108M | 0.16% | 1,197,144 -204,853 | -15% | -$18.5M |
|
120
Northrop Grumman
NOC
$84.5B
| $107M | 0.16% | 676,501 -214,319 | -24% | -$34M |
|
121
Regeneron Pharmaceuticals
REGN
$61.5B
| $107M | 0.16% | 209,000 +14,500 | +7% | +$7.4M |
|
122
Baxter International
BAX
$12.7B
| $106M | 0.16% | 1,513,223 -169,825 | -10% | -$11.9M |
|
|
APC
123
DELISTED
Anadarko Petroleum
APC
| $105M | 0.16% | 1,346,877 -356,906 | -21% | -$27.9M |
|
124
Charles Schwab
SCHW
$174B
| $104M | 0.16% | 3,184,685 -431,600 | -12% | -$14.1M |
|
|
ALXN
125
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $102M | 0.15% | 566,892 -48,192 | -8% | -$8.71M |
|