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
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
DuPont de Nemours
DD
|
$236M |
| 4 |
Microsoft
MSFT
|
$209M |
| 5 |
JPMorgan Chase
JPM
|
$134M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Humana
HUM
$36.5B
| $208M | 0.25% | 783,082 +40,631 | +5% | +$10.8M |
|
102
Thermo Fisher Scientific
TMO
$186B
| $205M | 0.24% | 696,898 -63,665 | -8% | -$18.7M |
|
103
US Bancorp
USB
$76B
| $203M | 0.24% | 3,866,717 -323,259 | -8% | -$16.9M |
|
104
Paychex
PAYX
$50.2B
| $203M | 0.24% | 2,460,833 +315,563 | +15% | +$26M |
|
105
Nike
NKE
$114B
| $201M | 0.24% | 2,397,021 -97,340 | -4% | -$8.17M |
|
106
Cigna
CI
$80.3B
| $198M | 0.23% | 1,259,401 +10,875 | +0.9% | +$1.71M |
|
107
Costco
COST
$418B
| $198M | 0.23% | 749,246 -56,244 | -7% | -$14.9M |
|
108
Ventas
VTR
$30.9B
| $197M | 0.23% | 2,882,748 +363,362 | +14% | +$24.8M |
|
109
Broadcom
AVGO
$1.4T
| $196M | 0.23% | 681,521 -55,668 | -8% | -$16M |
|
110
WEC Energy
WEC
$34.3B
| $196M | 0.23% | 2,351,930 +377,261 | +19% | +$31.5M |
|
111
Linde
LIN
$224B
| $194M | 0.23% | 967,950 -122,573 | -11% | -$24.6M |
|
112
Gilead Sciences
GILD
$140B
| $190M | 0.22% | 2,815,329 -299,703 | -10% | -$20.2M |
|
113
Equinix
EQIX
$76.9B
| $190M | 0.22% | 375,892 +50,121 | +15% | +$25.3M |
|
114
Salesforce
CRM
$245B
| $186M | 0.22% | 1,226,495 -23,685 | -2% | -$3.59M |
|
115
HCA Healthcare
HCA
$94.5B
| $185M | 0.22% | 1,370,471 +27,967 | +2% | +$3.78M |
|
116
3M
MMM
$82.8B
| $179M | 0.21% | 1,030,900 -41,784 | -4% | -$7.24M |
|
117
Eversource Energy
ES
$23.8B
| $178M | 0.21% | 2,355,886 +296,646 | +14% | +$22.5M |
|
118
Ball Corp
BALL
$14.3B
| $172M | 0.2% | 2,455,321 +368,849 | +18% | +$25.8M |
|
119
VeriSign
VRSN
$25.5B
| $171M | 0.2% | 818,821 +107,209 | +15% | +$22.4M |
|
120
DTE Energy
DTE
$28.4B
| $171M | 0.2% | 1,337,274 +212,233 | +19% | +$27.1M |
|
121
Qualcomm
QCOM
$173B
| $169M | 0.2% | 2,222,279 -614,587 | -22% | -$46.8M |
|
122
L3Harris
LHX
$51.9B
| $166M | 0.2% | 876,716 +131,580 | +18% | +$24.9M |
|
123
American Express
AXP
$231B
| $162M | 0.19% | 1,316,229 -129,351 | -9% | -$16M |
|
124
PPL Corp
PPL
$27B
| $162M | 0.19% | 5,224,701 +893,869 | +21% | +$27.7M |
|
125
Lowe's Companies
LOW
$145B
| $161M | 0.19% | 1,599,710 -209,674 | -12% | -$21.2M |
|