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 |
AT&T
T
|
$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$146M |
| 3 |
PepsiCo
PEP
|
$65.1M |
| 4 |
Coca-Cola
KO
|
$62.7M |
| 5 |
Pfizer
PFE
|
$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
$178M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Microsoft
MSFT
|
$135M |
| 5 |
Amazon
AMZN
|
$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Cognizant
CTSH
$35.3B
| $139M | 0.19% | 1,758,760 +227,681 | +15% | +$18M |
|
|
WBA
102
DELISTED
Walgreens Boots Alliance
WBA
| $138M | 0.19% | 2,303,917 +165,048 | +8% | +$9.91M |
|
103
Southern Company
SO
$102B
| $137M | 0.19% | 2,957,613 +536,986 | +22% | +$24.9M |
|
104
Simon Property Group
SPG
$59B
| $136M | 0.19% | 799,562 -9,435 | -1% | -$1.61M |
|
105
Marsh & McLennan
MMC
$101B
| $135M | 0.19% | 1,652,779 +389,113 | +31% | +$31.9M |
|
106
Baxter International
BAX
$12.7B
| $134M | 0.19% | 1,818,578 +302,138 | +20% | +$22.3M |
|
107
American Tower
AMT
$95.5B
| $134M | 0.19% | 930,959 -10,234 | -1% | -$1.48M |
|
108
Intuitive Surgical
ISRG
$170B
| $134M | 0.19% | 280,056 -3,575 | -1% | -$1.71M |
|
109
General Motors
GM
$55.8B
| $133M | 0.18% | 3,370,468 -127,088 | -4% | -$5.01M |
|
110
Phillips 66
PSX
$54B
| $133M | 0.18% | 1,181,875 +5,448 | +0.5% | +$612K |
|
111
Exelon
EXC
$44.1B
| $132M | 0.18% | 3,106,660 +643,409 | +26% | +$27.4M |
|
112
Mondelez International
MDLZ
$79.5B
| $132M | 0.18% | 3,222,095 -266,313 | -8% | -$10.9M |
|
113
Cigna
CI
$80.3B
| $132M | 0.18% | 776,642 +109,223 | +16% | +$18.6M |
|
114
Valero Energy
VLO
$47.2B
| $130M | 0.18% | 1,174,613 -218,636 | -16% | -$24.2M |
|
115
Blackrock
BLK
$175B
| $129M | 0.18% | 257,871 -22,423 | -8% | -$11.2M |
|
116
Applied Materials
AMAT
$128B
| $128M | 0.18% | 2,770,878 +23,359 | +0.9% | +$1.08M |
|
117
Waste Management
WM
$91.2B
| $128M | 0.18% | 1,568,320 +311,825 | +25% | +$25.4M |
|
|
AGN
118
DELISTED
Allergan plc
AGN
| $127M | 0.18% | 760,022 -6,996 | -0.9% | -$1.17M |
|
119
American International
AIG
$45.1B
| $126M | 0.17% | 2,379,170 -89,028 | -4% | -$4.72M |
|
120
Capital One
COF
$145B
| $124M | 0.17% | 1,348,608 -24,422 | -2% | -$2.24M |
|
121
iShares Core S&P 500 ETF
IVV
$662B
| $122M | 0.17% | 447,466 +77,442 | +21% | +$21.1M |
|
122
Micron Technology
MU
$133B
| $122M | 0.17% | 2,326,809 -22,308 | -0.9% | -$1.17M |
|
|
ESRX
123
DELISTED
Express Scripts Holding Company
ESRX
| $122M | 0.17% | 1,574,334 -100,397 | -6% | -$7.75M |
|
124
CSX Corp
CSX
$60.6B
| $122M | 0.17% | 1,905,561 -247,333 | -11% | -$15.8M |
|
125
Ford
F
$46.8B
| $119M | 0.16% | 10,766,122 -121,081 | -1% | -$1.34M |
|