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 |
Comcast
CMCSA
|
$209M |
| 2 |
YHOO
Yahoo Inc
YHOO
|
$84.3M |
| 3 |
Zoetis
ZTS
|
$65.3M |
| 4 |
Yum! Brands
YUM
|
$53.2M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$45.7M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$122M |
| 2 |
Apple
AAPL
|
$61.9M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
$57.7M |
| 4 |
STJ
St Jude Medical
STJ
|
$53.3M |
| 5 |
Microsoft
MSFT
|
$51.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 15.06% |
| 3 | Healthcare | 12.81% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
General Motors
GM
$55.8B
| $118M | 0.19% | 3,325,100 -36,200 | -1% | -$1.28M |
|
102
Netflix
NFLX
$513B
| $117M | 0.19% | 791,100 -13,200 | -2% | -$1.95M |
|
103
FedEx
FDX
$54.5B
| $115M | 0.19% | 591,319 -23,100 | -4% | -$4.51M |
|
|
104
Yum! Brands
YUM
$40.8B
| $115M | 0.19% | 1,802,224 +836,962 | +87% | +$53.2M |
|
105
Elevance Health
ELV
$71.8B
| $115M | 0.19% | 692,609 -33,800 | -5% | -$5.59M |
|
106
Applied Materials
AMAT
$128B
| $112M | 0.18% | 2,873,190 -53,600 | -2% | -$2.09M |
|
107
Northrop Grumman
NOC
$84.5B
| $110M | 0.18% | 464,201 -14,600 | -3% | -$3.47M |
|
|
RTN
108
DELISTED
Raytheon Company
RTN
| $109M | 0.18% | 717,231 -38,100 | -5% | -$5.81M |
|
109
Illinois Tool Works
ITW
$77.1B
| $109M | 0.18% | 825,007 -27,200 | -3% | -$3.6M |
|
110
Hewlett Packard
HPE
$29.6B
| $108M | 0.18% | 4,552,164 -245,100 | -5% | -$5.81M |
|
111
CSX Corp
CSX
$60.6B
| $108M | 0.18% | 2,315,254 -107,800 | -4% | -$5.02M |
|
112
Kraft Heinz
KHC
$33.1B
| $108M | 0.18% | 1,186,200 -22,600 | -2% | -$2.05M |
|
113
Automatic Data Processing
ADP
$123B
| $107M | 0.17% | 1,045,966 -31,100 | -3% | -$3.18M |
|
114
Ford
F
$46.8B
| $107M | 0.17% | 9,188,354 -102,200 | -1% | -$1.19M |
|
115
Blackrock
BLK
$175B
| $107M | 0.17% | 278,000 -12,200 | -4% | -$4.68M |
|
|
AET
116
DELISTED
Aetna Inc
AET
| $107M | 0.17% | 835,826 -20,100 | -2% | -$2.56M |
|
117
American Tower
AMT
$95.5B
| $107M | 0.17% | 876,900 -39,200 | -4% | -$4.76M |
|
118
Salesforce
CRM
$245B
| $106M | 0.17% | 1,285,700 +32,900 | +3% | +$2.71M |
|
119
Emerson Electric
EMR
$74.3B
| $106M | 0.17% | 1,765,997 -125,200 | -7% | -$7.49M |
|
120
Phillips 66
PSX
$54B
| $106M | 0.17% | 1,332,370 -144,400 | -10% | -$11.4M |
|
121
Danaher
DHR
$147B
| $104M | 0.17% | 1,220,999 -139,700 | -10% | -$11.9M |
|
122
Kimberly-Clark
KMB
$42.8B
| $102M | 0.17% | 776,600 -122,967 | -14% | -$16.2M |
|
123
Waste Management
WM
$91.2B
| $99.6M | 0.16% | 1,365,722 -28,900 | -2% | -$2.11M |
|
124
Halliburton
HAL
$19.4B
| $99.5M | 0.16% | 2,022,549 -27,500 | -1% | -$1.35M |
|
125
Exelon
EXC
$44.1B
| $98.2M | 0.16% | 2,729,706 -2,400 | -0.1% | -$86.4K |
|