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
|
$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$224M |
| 3 |
Aflac
AFL
|
$52.6M |
| 4 |
Fiserv
FI
|
$36.2M |
| 5 |
JOBS
51job, Inc.
JOBS
|
$26.8M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$312M |
| 2 |
Amazon
AMZN
|
$153M |
| 3 |
Johnson & Johnson
JNJ
|
$75.8M |
| 4 |
Microsoft
MSFT
|
$69.7M |
| 5 |
Honeywell
HON
|
$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.6% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Charles Schwab
SCHW
$174B
| $131M | 0.19% | 2,514,488 -153,847 | -6% | -$8.03M |
|
102
Illinois Tool Works
ITW
$77.1B
| $131M | 0.19% | 836,639 -58,322 | -7% | -$9.14M |
|
103
EOG Resources
EOG
$68.2B
| $130M | 0.19% | 1,235,280 -118,980 | -9% | -$12.5M |
|
104
Duke Energy
DUK
$95.3B
| $129M | 0.18% | 1,671,110 -439,749 | -21% | -$34.1M |
|
105
Occidental Petroleum
OXY
$46.9B
| $129M | 0.18% | 1,991,917 -74,841 | -4% | -$4.86M |
|
106
Valero Energy
VLO
$47.2B
| $129M | 0.18% | 1,393,249 -15,929 | -1% | -$1.48M |
|
|
AGN
107
DELISTED
Allergan plc
AGN
| $129M | 0.18% | 767,018 +48,218 | +7% | +$8.11M |
|
108
Becton Dickinson
BDX
$55.3B
| $128M | 0.18% | 589,488 -45,158 | -7% | -$9.79M |
|
109
General Motors
GM
$55.8B
| $127M | 0.18% | 3,497,556 -198,450 | -5% | -$7.21M |
|
110
Simon Property Group
SPG
$59B
| $125M | 0.18% | 808,997 +6,265 | +0.8% | +$967K |
|
111
Deere & Co
DE
$129B
| $124M | 0.18% | 798,167 -32,143 | -4% | -$4.99M |
|
112
Humana
HUM
$36.5B
| $124M | 0.18% | 460,640 +24,982 | +6% | +$6.72M |
|
113
Automatic Data Processing
ADP
$123B
| $123M | 0.18% | 1,087,964 -36,577 | -3% | -$4.15M |
|
114
Cognizant
CTSH
$35.3B
| $123M | 0.18% | 1,531,079 +74,753 | +5% | +$6.02M |
|
115
Stryker
SYK
$150B
| $123M | 0.18% | 764,240 -21,116 | -3% | -$3.4M |
|
116
Micron Technology
MU
$133B
| $122M | 0.17% | 2,349,117 -120,687 | -5% | -$6.29M |
|
117
Ford
F
$46.8B
| $121M | 0.17% | 10,887,203 +636,082 | +6% | +$7.05M |
|
|
MON
118
DELISTED
Monsanto Co
MON
| $120M | 0.17% | 1,031,003 -189,527 | -16% | -$22.1M |
|
119
CSX Corp
CSX
$60.6B
| $120M | 0.17% | 2,152,894 -206,697 | -9% | -$11.5M |
|
120
Intuitive Surgical
ISRG
$170B
| $117M | 0.17% | 283,631 -22,500 | -7% | -$9.29M |
|
|
ESRX
121
DELISTED
Express Scripts Holding Company
ESRX
| $116M | 0.16% | 1,674,731 +29,644 | +2% | +$2.05M |
|
122
Prudential Financial
PRU
$38.6B
| $116M | 0.16% | 1,116,710 -54,193 | -5% | -$5.61M |
|
123
Phillips 66
PSX
$54B
| $113M | 0.16% | 1,176,427 -443 | -0% | -$42.5K |
|
124
S&P Global
SPGI
$167B
| $113M | 0.16% | 589,121 -133,966 | -19% | -$25.6M |
|
|
ATVI
125
DELISTED
Activision Blizzard Inc.
ATVI
| $112M | 0.16% | 1,665,969 -92,496 | -5% | -$6.24M |
|