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 |
NextEra Energy, Inc.
NEE
|
$906M |
| 2 |
Merck
MRK
|
$266M |
| 3 |
Becton Dickinson
BDX
|
$208M |
| 4 |
Apple
AAPL
|
$188M |
| 5 |
SGEN
Seagen Inc. Common Stock
SGEN
|
$175M |
Top Sells
| 1 |
Aflac
AFL
|
$136M |
| 2 |
VER
VEREIT, Inc.
VER
|
$69M |
| 3 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
$68.8M |
| 4 |
UDR
UDR
|
$64.9M |
| 5 |
IMMU
Immunomedics Inc
IMMU
|
$40.1M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Berkshire Hathaway Class A
BRK.A
$1.09T
| $310M | 0.24% | 890 -2 | -0.2% | -$696K |
|
102
Lowe's Companies
LOW
$145B
| $290M | 0.22% | 1,808,648 +67,223 | +4% | +$10.8M |
|
103
Public Storage
PSA
$51.7B
| $290M | 0.22% | 1,254,192 -39,789 | -3% | -$9.19M |
|
104
Travelers Companies
TRV
$61.1B
| $288M | 0.22% | 2,049,671 -61,831 | -3% | -$8.68M |
|
105
United Parcel Service
UPS
$74.1B
| $287M | 0.22% | 1,706,624 +92,685 | +6% | +$15.6M |
|
106
Wells Fargo
WFC
$263B
| $284M | 0.22% | 9,409,074 +395,243 | +4% | +$11.9M |
|
107
Xcel Energy
XEL
$42.8B
| $283M | 0.22% | 4,240,417 -136,120 | -3% | -$9.08M |
|
108
Allstate
ALL
$53.6B
| $279M | 0.22% | 2,540,506 -85,359 | -3% | -$9.38M |
|
109
General Mills
GIS
$26.4B
| $273M | 0.21% | 4,642,096 +94,075 | +2% | +$5.53M |
|
110
Yum! Brands
YUM
$40.8B
| $265M | 0.2% | 2,438,845 -69,281 | -3% | -$7.52M |
|
111
Advanced Micro Devices
AMD
$264B
| $261M | 0.2% | 2,849,520 +181,874 | +7% | +$16.7M |
|
112
ServiceNow
NOW
$190B
| $256M | 0.2% | 464,445 +27,553 | +6% | +$15.2M |
|
113
Blackrock
BLK
$175B
| $253M | 0.19% | 350,081 +12,952 | +4% | +$9.35M |
|
114
Boeing
BA
$177B
| $250M | 0.19% | 1,167,032 +48,385 | +4% | +$10.4M |
|
115
Ball Corp
BALL
$14.3B
| $244M | 0.19% | 2,621,088 -78,152 | -3% | -$7.28M |
|
116
RTX Corp
RTX
$212B
| $244M | 0.19% | 3,409,199 +130,014 | +4% | +$9.3M |
|
117
Paychex
PAYX
$50.2B
| $243M | 0.19% | 2,611,053 -83,033 | -3% | -$7.74M |
|
118
Public Service Enterprise Group
PEG
$41.1B
| $238M | 0.18% | 4,086,037 -129,751 | -3% | -$7.56M |
|
119
Intuit
INTU
$186B
| $238M | 0.18% | 626,352 +24,751 | +4% | +$9.4M |
|
120
Zoom
ZM
$24.4B
| $237M | 0.18% | 702,737 +48,973 | +7% | +$16.5M |
|
121
Caterpillar
CAT
$196B
| $236M | 0.18% | 1,295,380 +46,702 | +4% | +$8.5M |
|
122
3M
MMM
$82.8B
| $235M | 0.18% | 1,342,693 +53,006 | +4% | +$9.26M |
|
123
WEC Energy
WEC
$34.3B
| $234M | 0.18% | 2,546,665 -83,914 | -3% | -$7.72M |
|
124
Eversource Energy
ES
$23.8B
| $234M | 0.18% | 2,704,558 -93,261 | -3% | -$8.07M |
|
125
Motorola Solutions
MSI
$78.7B
| $234M | 0.18% | 1,373,508 -43,254 | -3% | -$7.36M |
|