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 |
Fortive
FTV
|
$29.3M |
| 2 |
Procter & Gamble
PG
|
$21.8M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
$21.3M |
| 4 |
Dell
DELL
|
$20.7M |
| 5 |
Marriott International Class A Common Stock
MAR
|
$20.7M |
Top Sells
| 1 |
EMC
EMC CORPORATION
EMC
|
$132M |
| 2 |
Apple
AAPL
|
$123M |
| 3 |
Exxon Mobil
XOM
|
$55.6M |
| 4 |
Herc Holdings
HRI
|
$54.3M |
| 5 |
JPMorgan Chase
JPM
|
$51M |
Sector Composition
| 1 | Financials | 15.67% |
| 2 | Technology | 14.76% |
| 3 | Healthcare | 13.19% |
| 4 | Industrials | 10.65% |
| 5 | Consumer Discretionary | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
MetLife
MET
$54.1B
| $115M | 0.19% | 2,592,735 +5,000 | +0.2% | +$222K |
|
102
FedEx
FDX
$54.5B
| $114M | 0.19% | 653,226 -39,900 | -6% | -$6.97M |
|
103
Blackrock
BLK
$175B
| $114M | 0.19% | 313,400 -7,700 | -2% | -$2.79M |
|
104
General Motors
GM
$55.8B
| $112M | 0.18% | 3,535,800 -264,200 | -7% | -$8.39M |
|
|
ESRX
105
DELISTED
Express Scripts Holding Company
ESRX
| $112M | 0.18% | 1,583,400 -239,300 | -13% | -$16.9M |
|
106
Illinois Tool Works
ITW
$77.1B
| $110M | 0.18% | 917,982 -55,000 | -6% | -$6.59M |
|
107
Emerson Electric
EMR
$74.3B
| $110M | 0.18% | 2,011,697 -57,100 | -3% | -$3.11M |
|
108
Northrop Grumman
NOC
$84.5B
| $109M | 0.18% | 508,301 -70,700 | -12% | -$15.1M |
|
|
AET
109
DELISTED
Aetna Inc
AET
| $108M | 0.18% | 937,326 -44,000 | -4% | -$5.08M |
|
|
RTN
110
DELISTED
Raytheon Company
RTN
| $107M | 0.18% | 789,331 -73,900 | -9% | -$10.1M |
|
111
Morgan Stanley
MS
$240B
| $107M | 0.18% | 3,351,410 -150,500 | -4% | -$4.83M |
|
112
Kinder Morgan
KMI
$60B
| $107M | 0.18% | 4,617,936 -217,300 | -4% | -$5.03M |
|
113
Baidu
BIDU
$32.8B
| $106M | 0.17% | 583,292 -24,700 | -4% | -$4.5M |
|
114
Hewlett Packard
HPE
$29.6B
| $105M | 0.17% | 4,635,064 -284,800 | -6% | -$6.48M |
|
115
Capital One
COF
$145B
| $104M | 0.17% | 1,443,966 -58,200 | -4% | -$4.18M |
|
116
General Mills
GIS
$26.4B
| $102M | 0.17% | 1,601,264 -96,100 | -6% | -$6.14M |
|
117
Johnson Controls International
JCI
$69.9B
| $102M | 0.17% | 2,195,449 +440,412 | +25% | +$20.5M |
|
118
Automatic Data Processing
ADP
$123B
| $102M | 0.17% | 1,151,966 -73,600 | -6% | -$6.49M |
|
119
Travelers Companies
TRV
$61.1B
| $99.9M | 0.16% | 872,531 -49,300 | -5% | -$5.65M |
|
120
Prudential Financial
PRU
$38.6B
| $99.9M | 0.16% | 1,223,045 -53,900 | -4% | -$4.4M |
|
121
Salesforce
CRM
$245B
| $99.2M | 0.16% | 1,390,800 -41,300 | -3% | -$2.95M |
|
122
PayPal
PYPL
$67.1B
| $98M | 0.16% | 2,393,069 -141,400 | -6% | -$5.79M |
|
123
Danaher
DHR
$147B
| $97.5M | 0.16% | 1,243,199 -75,400 | -6% | -$5.91M |
|
124
Becton Dickinson
BDX
$55.3B
| $97.2M | 0.16% | 540,732 +200 | +0% | +$35.9K |
|
125
Yum! Brands
YUM
$40.8B
| $96.7M | 0.16% | 1,065,262 -64,300 | -6% | -$5.84M |
|