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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Motorola Solutions
MSI
$78.7B
| $192M | 0.23% | 1,444,787 +65,988 | +5% | +$8.77M |
|
102
Clorox
CLX
$14.5B
| $183M | 0.22% | 1,058,987 +11,503 | +1% | +$1.99M |
|
103
Public Service Enterprise Group
PEG
$41.1B
| $183M | 0.22% | 4,070,097 -63,468 | -2% | -$2.85M |
|
104
Sempra
SRE
$53.9B
| $177M | 0.21% | 1,568,179 -471,927 | -23% | -$53.3M |
|
105
Qualcomm
QCOM
$173B
| $177M | 0.21% | 2,616,257 -191,577 | -7% | -$13M |
|
106
Amphenol
APH
$133B
| $176M | 0.21% | 2,418,745 -44,773 | -2% | -$3.26M |
|
107
Cognizant
CTSH
$35.3B
| $175M | 0.21% | 3,775,903 -91,489 | -2% | -$4.25M |
|
108
CVS Health
CVS
$92.8B
| $174M | 0.21% | 2,940,222 -237,518 | -7% | -$14.1M |
|
109
AvalonBay Communities
AVB
$27.9B
| $173M | 0.21% | 1,177,762 +19,385 | +2% | +$2.85M |
|
110
3M
MMM
$82.8B
| $173M | 0.21% | 1,269,091 -59,041 | -4% | -$8.06M |
|
111
American Water Works
AWK
$28B
| $172M | 0.21% | 1,439,613 -28,735 | -2% | -$3.44M |
|
112
Paychex
PAYX
$50.2B
| $171M | 0.21% | 2,717,390 +24,376 | +0.9% | +$1.53M |
|
113
Yum! Brands
YUM
$40.8B
| $170M | 0.21% | 2,486,072 -42,591 | -2% | -$2.92M |
|
114
Sysco
SYY
$38.5B
| $170M | 0.21% | 3,724,424 -61,972 | -2% | -$2.83M |
|
115
Mondelez International
MDLZ
$79.5B
| $168M | 0.2% | 3,364,174 -164,345 | -5% | -$8.23M |
|
116
Ball Corp
BALL
$14.3B
| $168M | 0.2% | 2,595,629 -60,756 | -2% | -$3.93M |
|
117
AutoZone
AZO
$70.2B
| $165M | 0.2% | 195,499 -5,695 | -3% | -$4.82M |
|
118
Hershey
HSY
$37.3B
| $165M | 0.2% | 1,241,814 +11,544 | +0.9% | +$1.53M |
|
119
Boeing
BA
$177B
| $163M | 0.2% | 1,091,328 -161,866 | -13% | -$24.1M |
|
120
VeriSign
VRSN
$25.5B
| $160M | 0.19% | 886,333 +2,586 | +0.3% | +$466K |
|
121
GE Aerospace
GE
$292B
| $156M | 0.19% | 19,612,665 -957,052 | -5% | -$7.6M |
|
122
Tesla
TSLA
$1.08T
| $155M | 0.19% | 296,298 -9,600 | -3% | -$5.03M |
|
123
Synopsys
SNPS
$112B
| $155M | 0.19% | 1,204,533 -21,552 | -2% | -$2.78M |
|
124
Entergy
ETR
$39.3B
| $153M | 0.18% | 1,625,849 -10,943 | -0.7% | -$1.03M |
|
125
Welltower
WELL
$113B
| $152M | 0.18% | 3,330,988 -30,053 | -0.9% | -$1.38M |
|