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 |
Amazon
AMZN
|
$1.88B |
| 2 |
IBM
IBM
|
$170M |
| 3 |
Mondelez International
MDLZ
|
$92M |
| 4 |
Warner Bros
WBD
|
$86.5M |
| 5 |
Roper Technologies
ROP
|
$82.7M |
Top Sells
| 1 |
Apple
AAPL
|
$242M |
| 2 |
Microsoft
MSFT
|
$207M |
| 3 |
CERN
Cerner Corp
CERN
|
$180M |
| 4 |
Visa
V
|
$126M |
| 5 |
Cisco
CSCO
|
$110M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Consolidated Edison
ED
$35.4B
| $247M | 0.23% | 2,593,865 -63,113 | -2% | -$6M |
|
102
Honeywell
HON
$139B
| $245M | 0.23% | 1,406,959 -62,599 | -4% | -$10.9M |
|
103
Nike
NKE
$114B
| $240M | 0.22% | 2,347,859 -131,917 | -5% | -$13.5M |
|
104
Arthur J. Gallagher & Co
AJG
$77.6B
| $239M | 0.22% | 1,468,600 -22,220 | -1% | -$3.62M |
|
105
Allstate
ALL
$53.6B
| $239M | 0.22% | 1,883,495 -47,995 | -2% | -$6.08M |
|
106
CVS Health
CVS
$92.8B
| $237M | 0.22% | 2,558,723 -163,080 | -6% | -$15.1M |
|
107
Advanced Micro Devices
AMD
$264B
| $237M | 0.22% | 3,093,562 -182,164 | -6% | -$13.9M |
|
108
Public Service Enterprise Group
PEG
$41.1B
| $233M | 0.22% | 3,687,436 -102,284 | -3% | -$6.47M |
|
109
Baxter International
BAX
$12.7B
| $233M | 0.22% | 3,630,304 -73,503 | -2% | -$4.72M |
|
110
WEC Energy
WEC
$34.3B
| $232M | 0.22% | 2,308,080 -54,589 | -2% | -$5.49M |
|
111
ConocoPhillips
COP
$124B
| $230M | 0.22% | 2,565,145 -173,315 | -6% | -$15.6M |
|
112
Elevance Health
ELV
$71.8B
| $230M | 0.22% | 476,722 -31,677 | -6% | -$15.3M |
|
113
Hershey
HSY
$37.3B
| $230M | 0.21% | 1,066,839 -18,778 | -2% | -$4.04M |
|
114
Kroger
KR
$44.9B
| $229M | 0.21% | 4,846,426 -535,831 | -10% | -$25.4M |
|
115
Lowe's Companies
LOW
$145B
| $227M | 0.21% | 1,298,325 -74,651 | -5% | -$13M |
|
116
S&P Global
SPGI
$167B
| $220M | 0.21% | 651,735 -40,845 | -6% | -$13.8M |
|
117
Starbucks
SBUX
$100B
| $216M | 0.2% | 2,830,540 -169,970 | -6% | -$13M |
|
118
Eversource Energy
ES
$23.8B
| $214M | 0.2% | 2,531,893 -46,876 | -2% | -$3.96M |
|
119
Fastenal
FAST
$57B
| $206M | 0.19% | 4,131,033 -70,154 | -2% | -$3.5M |
|
120
Republic Services
RSG
$73B
| $201M | 0.19% | 1,538,236 -77,233 | -5% | -$10.1M |
|
121
Intuit
INTU
$186B
| $201M | 0.19% | 520,205 -15,855 | -3% | -$6.11M |
|
122
American Water Works
AWK
$28B
| $196M | 0.18% | 1,317,377 -31,627 | -2% | -$4.71M |
|
123
Morgan Stanley
MS
$240B
| $192M | 0.18% | 2,522,140 -198,767 | -7% | -$15.1M |
|
124
Goldman Sachs
GS
$226B
| $191M | 0.18% | 644,351 -30,287 | -4% | -$9M |
|
|
125
Roper Technologies
ROP
$56.6B
| $191M | 0.18% | 484,422 +209,567 | +76% | +$82.7M |
|