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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$69.3M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$60.2M |
| 3 |
DXC Technology
DXC
|
$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$47.5M |
| 5 |
Amazon
AMZN
|
$46.9M |
Top Sells
| 1 |
YHOO
Yahoo Inc
YHOO
|
$170M |
| 2 |
Zoetis
ZTS
|
$75.8M |
| 3 |
Yum! Brands
YUM
|
$69M |
| 4 |
Xerox
XRX
|
$63.2M |
| 5 |
Wells Fargo
WFC
|
$49.2M |
Sector Composition
| 1 | Financials | 17.92% |
| 2 | Technology | 15.12% |
| 3 | Healthcare | 13.25% |
| 4 | Industrials | 10.86% |
| 5 | Consumer Discretionary | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Occidental Petroleum
OXY
$46.9B
| $119M | 0.19% |
1,982,752
-30,600
| -2% | -$1.83M |
|
102
TJX Companies
TJX
$152B
| $118M | 0.19% |
1,638,704
+26,400
| +2% | +$1.91M |
|
103
Northrop Grumman
NOC
$84.5B
| $118M | 0.19% |
459,901
-4,300
| -0.9% | -$1.1M |
|
104
Blackrock
BLK
$175B
| $118M | 0.19% |
278,600
+600
| +0.2% | +$253K |
|
105
General Motors
GM
$55.8B
| $117M | 0.19% |
3,350,800
+25,700
| +0.8% | +$898K |
|
106
Southern Company
SO
$102B
| $117M | 0.19% |
2,440,328
-24,600
| -1% | -$1.18M |
|
107
Dominion Energy
D
$51.1B
| $116M | 0.19% |
1,518,795
-600
| -0% | -$46K |
|
108
Tesla
TSLA
$1.08T
| $116M | 0.19% |
321,039
+12,500
| +4% | +$4.52M |
|
|
RTN
109
DELISTED
Raytheon Company
RTN
| $116M | 0.19% |
717,031
-200
| -0% | -$32.3K |
|
|
ATH
110
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $115M | 0.18% |
2,317,872
+1,399,908
| +153% | +$69.3M |
|
111
Capital One
COF
$145B
| $113M | 0.18% |
1,363,266
-23,200
| -2% | -$1.92M |
|
112
Synchrony
SYF
$28.4B
| $112M | 0.18% |
3,771,119
+980,500
| +35% | +$29.2M |
|
113
EOG Resources
EOG
$68.2B
| $112M | 0.18% |
1,235,810
-34,200
| -3% | -$3.1M |
|
114
Salesforce
CRM
$245B
| $111M | 0.18% |
1,280,700
-5,000
| -0.4% | -$433K |
|
115
Applied Materials
AMAT
$128B
| $111M | 0.18% |
2,681,990
-191,200
| -7% | -$7.9M |
|
116
Automatic Data Processing
ADP
$123B
| $108M | 0.17% |
1,054,366
+8,400
| +0.8% | +$861K |
|
117
Phillips 66
PSX
$54B
| $108M | 0.17% |
1,304,470
-27,900
| -2% | -$2.31M |
|
118
Emerson Electric
EMR
$74.3B
| $106M | 0.17% |
1,785,697
+19,700
| +1% | +$1.17M |
|
119
Danaher
DHR
$147B
| $106M | 0.17% |
1,260,999
+40,000
| +3% | +$3.38M |
|
120
Cigna
CI
$80.3B
| $104M | 0.17% |
624,146
+10,100
| +2% | +$1.69M |
|
121
Ford
F
$46.8B
| $104M | 0.17% |
9,254,254
+65,900
| +0.7% | +$737K |
|
122
Becton Dickinson
BDX
$55.3B
| $102M | 0.16% |
523,808
+28,420
| +6% | +$5.55M |
|
123
Charles Schwab
SCHW
$174B
| $102M | 0.16% |
2,367,485
+26,600
| +1% | +$1.14M |
|
124
Kimberly-Clark
KMB
$42.8B
| $101M | 0.16% |
785,800
+9,200
| +1% | +$1.19M |
|
125
Waste Management
WM
$91.2B
| $101M | 0.16% |
1,380,522
+14,800
| +1% | +$1.09M |
|