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 |
Costco
COST
|
$253M |
| 2 |
Walmart
WMT
|
$201M |
| 3 |
Amazon
AMZN
|
$110M |
| 4 |
CSX Corp
CSX
|
$108M |
| 5 |
United Parcel Service
UPS
|
$103M |
Top Sells
| 1 |
TJX Companies
TJX
|
$413M |
| 2 |
Chubb
CB
|
$336M |
| 3 |
Coca-Cola
KO
|
$252M |
| 4 |
McCormick & Company Non-Voting
MKC
|
$169M |
| 5 |
Apple
AAPL
|
$152M |
Sector Composition
| 1 | Technology | 23.04% |
| 2 | Healthcare | 14.63% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Communication Services | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Allstate
ALL
$53.6B
| $307M | 0.23% | 2,354,062 -32,129 | -1% | -$4.19M |
|
102
Kimberly-Clark
KMB
$42.8B
| $305M | 0.23% | 2,277,852 -18,206 | -0.8% | -$2.44M |
|
103
Applied Materials
AMAT
$128B
| $295M | 0.22% | 2,074,752 -61,899 | -3% | -$8.81M |
|
104
Goldman Sachs
GS
$226B
| $294M | 0.22% | 773,603 -23,607 | -3% | -$8.96M |
|
105
Intuit
INTU
$186B
| $293M | 0.22% | 597,327 -8,612 | -1% | -$4.22M |
|
106
RTX Corp
RTX
$212B
| $290M | 0.22% | 3,399,346 +126,295 | +4% | +$10.8M |
|
107
Travelers Companies
TRV
$61.1B
| $290M | 0.22% | 1,934,793 -21,352 | -1% | -$3.2M |
|
108
Morgan Stanley
MS
$240B
| $288M | 0.22% | 3,135,631 -227,087 | -7% | -$20.8M |
|
109
Blackrock
BLK
$175B
| $281M | 0.21% | 321,427 -16,465 | -5% | -$14.4M |
|
110
Motorola Solutions
MSI
$78.7B
| $281M | 0.21% | 1,294,382 -17,295 | -1% | -$3.75M |
|
111
General Mills
GIS
$26.4B
| $278M | 0.21% | 4,566,873 -6,246 | -0.1% | -$381K |
|
112
Cognizant
CTSH
$35.3B
| $276M | 0.21% | 3,982,546 -32,650 | -0.8% | -$2.26M |
|
113
Xcel Energy
XEL
$42.8B
| $268M | 0.2% | 4,069,356 +29,316 | +0.7% | +$1.93M |
|
114
Caterpillar
CAT
$196B
| $268M | 0.2% | 1,229,866 -12,841 | -1% | -$2.79M |
|
115
Paychex
PAYX
$50.2B
| $265M | 0.2% | 2,474,183 -20,770 | -0.8% | -$2.23M |
|
116
GE Aerospace
GE
$292B
| $264M | 0.2% | 19,601,851 -209,359 | -1% | -$2.82M |
|
117
AutoZone
AZO
$70.2B
| $263M | 0.2% | 176,335 -2,176 | -1% | -$3.25M |
|
118
Yum! Brands
YUM
$40.8B
| $263M | 0.2% | 2,283,780 -41,904 | -2% | -$4.82M |
|
119
Boeing
BA
$177B
| $261M | 0.2% | 1,088,304 -23,817 | -2% | -$5.71M |
|
120
CVS Health
CVS
$92.8B
| $260M | 0.2% | 3,118,710 -37,404 | -1% | -$3.12M |
|
121
Charles Schwab
SCHW
$174B
| $256M | 0.19% | 3,511,157 +367,402 | +12% | +$26.8M |
|
122
US Bancorp
USB
$76B
| $248M | 0.19% | 4,359,560 -62,771 | -1% | -$3.58M |
|
123
ServiceNow
NOW
$190B
| $244M | 0.18% | 443,100 -7,572 | -2% | -$4.16M |
|
124
Intuitive Surgical
ISRG
$170B
| $243M | 0.18% | 264,668 +22,260 | +9% | +$20.5M |
|
125
American Express
AXP
$231B
| $242M | 0.18% | 1,465,034 -28,010 | -2% | -$4.63M |
|