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 |
Alphabet (Google) Class A
GOOGL
|
$610M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$578M |
| 3 |
Synchrony
SYF
|
$161M |
| 4 |
Nike
NKE
|
$100M |
| 5 |
Hewlett Packard
HPE
|
$75.4M |
Top Sells
| 1 |
GE Aerospace
GE
|
$121M |
| 2 |
Apple
AAPL
|
$47.2M |
| 3 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
$44.7M |
| 4 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$39.1M |
| 5 |
ALTR
ALTERA CORP
ALTR
|
$39M |
Sector Composition
| 1 | Financials | 16.32% |
| 2 | Healthcare | 14.37% |
| 3 | Technology | 14.08% |
| 4 | Industrials | 10.55% |
| 5 | Consumer Discretionary | 9.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Southern Company
SO
$102B
| $119M | 0.19% | 2,546,428 -24,300 | -0.9% | -$1.14M |
|
102
Caterpillar
CAT
$196B
| $119M | 0.19% | 1,746,935 -100 | -0% | -$6.8K |
|
103
FedEx
FDX
$54.5B
| $118M | 0.19% | 792,626 -33,300 | -4% | -$4.96M |
|
104
Elevance Health
ELV
$71.8B
| $118M | 0.19% | 846,109 +400 | +0% | +$55.8K |
|
|
RTN
105
DELISTED
Raytheon Company
RTN
| $118M | 0.19% | 944,831 +4,000 | +0.4% | +$498K |
|
106
Morgan Stanley
MS
$240B
| $117M | 0.19% | 3,690,410 -78,000 | -2% | -$2.48M |
|
107
Northrop Grumman
NOC
$84.5B
| $116M | 0.18% | 614,601 -36,800 | -6% | -$6.95M |
|
108
Blackrock
BLK
$175B
| $115M | 0.18% | 338,800 +11,200 | +3% | +$3.81M |
|
109
Cigna
CI
$80.3B
| $115M | 0.18% | 787,946 -2,700 | -0.3% | -$395K |
|
110
Dominion Energy
D
$51.1B
| $114M | 0.18% | 1,686,338 -40,600 | -2% | -$2.75M |
|
111
Regeneron Pharmaceuticals
REGN
$61.5B
| $114M | 0.18% | 209,100 +100 | +0% | +$54.3K |
|
112
Netflix
NFLX
$513B
| $113M | 0.18% | 991,100 +1,900 | +0.2% | +$217K |
|
113
Kroger
KR
$44.9B
| $112M | 0.18% | 2,673,142 +98,800 | +4% | +$4.13M |
|
114
Automatic Data Processing
ADP
$123B
| $111M | 0.18% | 1,308,066 -20,201 | -2% | -$1.71M |
|
|
ALXN
115
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $110M | 0.17% | 578,891 -1,700 | -0.3% | -$324K |
|
116
EOG Resources
EOG
$68.2B
| $109M | 0.17% | 1,539,110 +1,000 | +0.1% | +$70.8K |
|
|
AET
117
DELISTED
Aetna Inc
AET
| $109M | 0.17% | 1,007,326 -3,400 | -0.3% | -$368K |
|
118
Capital One
COF
$145B
| $109M | 0.17% | 1,506,366 +12,600 | +0.8% | +$909K |
|
119
Delta Air Lines
DAL
$40.3B
| $108M | 0.17% | 2,136,399 -24,300 | -1% | -$1.23M |
|
120
Kraft Heinz
KHC
$33.1B
| $108M | 0.17% | 1,481,570 +21,900 | +2% | +$1.59M |
|
121
Travelers Companies
TRV
$61.1B
| $107M | 0.17% | 949,731 +9,700 | +1% | +$1.09M |
|
122
Public Storage
PSA
$51.7B
| $107M | 0.17% | 430,217 +19,600 | +5% | +$4.85M |
|
123
LyondellBasell Industries
LYB
$18.1B
| $105M | 0.17% | 1,211,033 +47,400 | +4% | +$4.12M |
|
124
Chubb
CB
$110B
| $105M | 0.17% | 896,400 +300 | +0% | +$35.1K |
|
125
Valero Energy
VLO
$47.2B
| $104M | 0.16% | 1,473,083 -112,100 | -7% | -$7.93M |
|