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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Baxter International
BAX
$12.7B
| $287M | 0.22% | 3,703,807 -72,426 | -2% | -$5.62M |
|
102
Honeywell
HON
$139B
| $286M | 0.22% | 1,469,558 -114,717 | -7% | -$22.3M |
|
103
S&P Global
SPGI
$167B
| $284M | 0.22% | 692,580 +177,437 | +34% | +$72.8M |
|
104
Fidelity National Information Services
FIS
$36.5B
| $283M | 0.22% | 2,814,381 -259,016 | -8% | -$26M |
|
105
Lowe's Companies
LOW
$145B
| $278M | 0.22% | 1,372,976 -119,167 | -8% | -$24.1M |
|
106
CVS Health
CVS
$92.8B
| $275M | 0.21% | 2,721,803 -190,384 | -7% | -$19.3M |
|
107
ConocoPhillips
COP
$124B
| $274M | 0.21% | 2,738,460 -112,809 | -4% | -$11.3M |
|
108
Starbucks
SBUX
$100B
| $273M | 0.21% | 3,000,510 -212,086 | -7% | -$19.3M |
|
109
PayPal
PYPL
$67.1B
| $273M | 0.21% | 2,357,342 -155,863 | -6% | -$18M |
|
110
Allstate
ALL
$53.6B
| $268M | 0.21% | 1,931,490 -81,892 | -4% | -$11.3M |
|
111
Electronic Arts
EA
$43B
| $267M | 0.21% | 2,111,012 -38,205 | -2% | -$4.83M |
|
112
Public Service Enterprise Group
PEG
$41.1B
| $265M | 0.21% | 3,789,720 -39,992 | -1% | -$2.8M |
|
113
Arthur J. Gallagher & Co
AJG
$77.6B
| $260M | 0.2% | 1,490,820 -19,865 | -1% | -$3.47M |
|
114
Intuit
INTU
$186B
| $258M | 0.2% | 536,060 -53,783 | -9% | -$25.9M |
|
115
Charles Schwab
SCHW
$174B
| $255M | 0.2% | 3,029,274 -199,262 | -6% | -$16.8M |
|
116
Consolidated Edison
ED
$35.4B
| $252M | 0.2% | 2,656,978 +7,098 | +0.3% | +$672K |
|
117
Elevance Health
ELV
$71.8B
| $250M | 0.19% | 508,399 -40,289 | -7% | -$19.8M |
|
118
Fastenal
FAST
$57B
| $250M | 0.19% | 4,201,187 -134,251 | -3% | -$7.97M |
|
119
Caterpillar
CAT
$196B
| $244M | 0.19% | 1,092,838 -77,957 | -7% | -$17.4M |
|
120
Prologis
PLD
$106B
| $243M | 0.19% | 1,504,068 -85,627 | -5% | -$13.8M |
|
121
Applied Materials
AMAT
$128B
| $239M | 0.19% | 1,815,415 -150,286 | -8% | -$19.8M |
|
122
Morgan Stanley
MS
$240B
| $238M | 0.18% | 2,720,907 -162,435 | -6% | -$14.2M |
|
123
WEC Energy
WEC
$34.3B
| $236M | 0.18% | 2,362,669 -27,847 | -1% | -$2.78M |
|
124
Hershey
HSY
$37.3B
| $235M | 0.18% | 1,085,617 -19,665 | -2% | -$4.26M |
|
125
Deere & Co
DE
$129B
| $235M | 0.18% | 564,955 -37,991 | -6% | -$15.8M |
|