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 |
Chubb
CB
|
$44.4M |
| 2 |
Broadcom
AVGO
|
$40.5M |
| 3 |
Chevron
CVX
|
$28.4M |
| 4 |
Weyerhaeuser
WY
|
$27.2M |
| 5 |
Dentsply Sirona
XRAY
|
$21.1M |
Top Sells
| 1 |
CB
CHUBB CORPORATION
CB
|
$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
$37.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$35.7M |
Sector Composition
| 1 | Financials | 15.3% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 13.35% |
| 4 | Industrials | 10.85% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Baidu
BIDU
$32.8B
| $120M | 0.19% | 626,192 -37,400 | -6% | -$7.14M |
|
102
Northrop Grumman
NOC
$84.5B
| $119M | 0.19% | 602,701 -11,900 | -2% | -$2.36M |
|
|
MON
103
DELISTED
Monsanto Co
MON
| $117M | 0.19% | 1,330,982 +8,700 | +0.7% | +$763K |
|
104
General Dynamics
GD
$87.3B
| $116M | 0.19% | 882,811 -54,900 | -6% | -$7.21M |
|
105
Emerson Electric
EMR
$74.3B
| $115M | 0.19% | 2,118,797 +94,400 | +5% | +$5.13M |
|
106
MetLife
MET
$54.1B
| $114M | 0.18% | 2,600,635 +43,500 | +2% | +$1.91M |
|
107
Kraft Heinz
KHC
$33.1B
| $114M | 0.18% | 1,449,700 -31,870 | -2% | -$2.5M |
|
108
Automatic Data Processing
ADP
$123B
| $113M | 0.18% | 1,263,566 -44,500 | -3% | -$3.99M |
|
109
Public Storage
PSA
$51.7B
| $112M | 0.18% | 407,817 -22,400 | -5% | -$6.18M |
|
110
Elevance Health
ELV
$71.8B
| $112M | 0.18% | 806,909 -39,200 | -5% | -$5.45M |
|
111
Travelers Companies
TRV
$61.1B
| $112M | 0.18% | 957,031 +7,300 | +0.8% | +$852K |
|
112
General Mills
GIS
$26.4B
| $111M | 0.18% | 1,755,864 -15,200 | -0.9% | -$963K |
|
113
Blackrock
BLK
$175B
| $111M | 0.18% | 324,700 -14,100 | -4% | -$4.8M |
|
114
Exelon
EXC
$44.1B
| $109M | 0.18% | 3,047,706 +106,500 | +4% | +$3.82M |
|
|
AET
115
DELISTED
Aetna Inc
AET
| $109M | 0.18% | 967,326 -40,000 | -4% | -$4.49M |
|
116
Salesforce
CRM
$245B
| $109M | 0.18% | 1,470,800 -100,900 | -6% | -$7.45M |
|
117
EOG Resources
EOG
$68.2B
| $108M | 0.17% | 1,485,010 -54,100 | -4% | -$3.93M |
|
|
RTN
118
DELISTED
Raytheon Company
RTN
| $107M | 0.17% | 871,031 -73,800 | -8% | -$9.05M |
|
119
Capital One
COF
$145B
| $104M | 0.17% | 1,507,066 +700 | +0% | +$48.5K |
|
120
LyondellBasell Industries
LYB
$18.1B
| $103M | 0.17% | 1,203,333 -7,700 | -0.6% | -$659K |
|
121
Cigna
CI
$80.3B
| $103M | 0.17% | 748,446 -39,500 | -5% | -$5.42M |
|
122
American Tower
AMT
$95.5B
| $102M | 0.17% | 1,000,701 -62,500 | -6% | -$6.4M |
|
123
PayPal
PYPL
$67.1B
| $102M | 0.16% | 2,633,069 -182,100 | -6% | -$7.03M |
|
124
Kroger
KR
$44.9B
| $100M | 0.16% | 2,616,042 -57,100 | -2% | -$2.18M |
|
125
Illinois Tool Works
ITW
$77.1B
| $99.5M | 0.16% | 970,982 +43,900 | +5% | +$4.5M |
|