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 |
Coca-Cola
KO
|
$198M |
| 2 |
TJX Companies
TJX
|
$196M |
| 3 |
PepsiCo
PEP
|
$177M |
| 4 |
Procter & Gamble
PG
|
$156M |
| 5 |
Linde
LIN
|
$155M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$174M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
$142M |
| 4 |
PX
Praxair Inc
PX
|
$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
$81.8M |
Sector Composition
| 1 | Financials | 16.41% |
| 2 | Technology | 16.21% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.86% |
| 5 | Industrials | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Costco
COST
$418B
| $171M | 0.24% | 837,826 -27,963 | -3% | -$5.7M |
|
102
Lowe's Companies
LOW
$145B
| $169M | 0.24% | 1,827,065 -27,421 | -1% | -$2.53M |
|
103
GE Aerospace
GE
$292B
| $169M | 0.24% | 22,274,309 +521,029 | +2% | +$3.94M |
|
104
Becton Dickinson
BDX
$55.3B
| $169M | 0.24% | 747,871 +143,007 | +24% | +$32.2M |
|
105
Fiserv
FI
$75.1B
| $168M | 0.23% | 2,279,693 +672,822 | +42% | +$49.4M |
|
106
HCA Healthcare
HCA
$94.5B
| $167M | 0.23% | 1,345,820 +242,214 | +22% | +$30.1M |
|
107
Ross Stores
ROST
$48.1B
| $166M | 0.23% | 1,992,512 +602,689 | +43% | +$50.1M |
|
108
Booking.com
BKNG
$181B
| $163M | 0.23% | 94,350 -7,017 | -7% | -$12.1M |
|
109
Qualcomm
QCOM
$173B
| $163M | 0.23% | 2,855,409 -355,757 | -11% | -$20.2M |
|
110
Sysco
SYY
$38.5B
| $160M | 0.22% | 2,553,063 +629,412 | +33% | +$39.4M |
|
111
Dollar General
DG
$23.9B
| $158M | 0.22% | 1,463,109 +416,000 | +40% | +$45M |
|
|
112
Linde
LIN
$224B
| $155M | 0.22% | +990,142 | New | +$155M |
|
113
Yum! Brands
YUM
$40.8B
| $154M | 0.22% | 1,672,639 +478,571 | +40% | +$44M |
|
114
Caterpillar
CAT
$196B
| $152M | 0.21% | 1,195,010 -100,851 | -8% | -$12.8M |
|
115
Consolidated Edison
ED
$35.4B
| $146M | 0.2% | 1,903,283 +524,090 | +38% | +$40.1M |
|
116
NVIDIA
NVDA
$4.24T
| $145M | 0.2% | 1,082,789 -78,275 | -7% | -$10.4M |
|
117
Biogen
BIIB
$19.4B
| $144M | 0.2% | 479,928 -29,969 | -6% | -$9.02M |
|
118
Public Service Enterprise Group
PEG
$41.1B
| $144M | 0.2% | 2,757,057 +829,305 | +43% | +$43.2M |
|
119
Zoetis
ZTS
$69.3B
| $143M | 0.2% | 1,673,632 +275,408 | +20% | +$23.6M |
|
120
American Express
AXP
$231B
| $141M | 0.2% | 1,480,825 -139,645 | -9% | -$13.3M |
|
121
Welltower
WELL
$113B
| $138M | 0.19% | 1,990,382 +660,226 | +50% | +$45.8M |
|
122
Xcel Energy
XEL
$42.8B
| $138M | 0.19% | 2,796,990 +855,855 | +44% | +$42.2M |
|
123
Sempra
SRE
$53.9B
| $138M | 0.19% | 1,273,188 +371,335 | +41% | +$40.2M |
|
124
Boston Scientific
BSX
$156B
| $134M | 0.19% | 3,796,657 +666,017 | +21% | +$23.5M |
|
125
Goldman Sachs
GS
$226B
| $132M | 0.19% | 791,487 -12,555 | -2% | -$2.1M |
|