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 |
Apple
AAPL
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Intercontinental Exchange
ICE
$101B
| $269M | 0.23% | 2,622,909 -138,174 | -5% | -$14.2M |
|
102
Roper Technologies
ROP
$56.6B
| $267M | 0.23% | 618,135 +27,577 | +5% | +$11.9M |
|
103
Deere & Co
DE
$129B
| $266M | 0.23% | 620,057 -13,204 | -2% | -$5.66M |
|
104
Arthur J. Gallagher & Co
AJG
$77.6B
| $263M | 0.22% | 1,396,813 -52,247 | -4% | -$9.85M |
|
105
Goldman Sachs
GS
$226B
| $260M | 0.22% | 756,263 -6,622 | -0.9% | -$2.27M |
|
106
Medtronic
MDT
$119B
| $258M | 0.22% | 3,319,158 -47,859 | -1% | -$3.72M |
|
107
Xcel Energy
XEL
$42.8B
| $256M | 0.22% | 3,654,140 -193,994 | -5% | -$13.6M |
|
108
Paychex
PAYX
$50.2B
| $252M | 0.22% | 2,183,381 -114,419 | -5% | -$13.2M |
|
109
Sempra
SRE
$53.9B
| $251M | 0.21% | 1,622,001 -37,650 | -2% | -$5.82M |
|
110
Cigna
CI
$80.3B
| $248M | 0.21% | 749,190 +41,833 | +6% | +$13.9M |
|
111
Morgan Stanley
MS
$240B
| $242M | 0.21% | 2,850,851 -63,083 | -2% | -$5.36M |
|
112
Intuit
INTU
$186B
| $241M | 0.21% | 619,953 -1,937 | -0.3% | -$754K |
|
113
S&P Global
SPGI
$167B
| $240M | 0.2% | 716,465 -40,225 | -5% | -$13.5M |
|
114
3M
MMM
$82.8B
| $236M | 0.2% | 1,972,027 -87,562 | -4% | -$10.5M |
|
115
Blackrock
BLK
$175B
| $236M | 0.2% | 332,663 +1,184 | +0.4% | +$839K |
|
116
Prologis
PLD
$106B
| $235M | 0.2% | 2,083,276 +404,100 | +24% | +$45.6M |
|
117
Newmont
NEM
$81.7B
| $234M | 0.2% | 4,954,548 -647,223 | -12% | -$30.5M |
|
118
Allstate
ALL
$53.6B
| $234M | 0.2% | 1,724,417 -89,818 | -5% | -$12.2M |
|
119
Hershey
HSY
$37.3B
| $230M | 0.2% | 994,656 -41,443 | -4% | -$9.6M |
|
120
Advanced Micro Devices
AMD
$264B
| $230M | 0.2% | 3,554,886 -93,438 | -3% | -$6.05M |
|
121
Charter Communications
CHTR
$36.3B
| $230M | 0.2% | 677,962 -78,452 | -10% | -$26.6M |
|
122
Consolidated Edison
ED
$35.4B
| $229M | 0.19% | 2,398,460 -117,710 | -5% | -$11.2M |
|
123
Electronic Arts
EA
$43B
| $226M | 0.19% | 1,853,590 -123,946 | -6% | -$15.1M |
|
124
KLA
KLAC
$115B
| $218M | 0.19% | 577,767 +248,382 | +75% | +$93.6M |
|
125
Target
TGT
$43.6B
| $213M | 0.18% | 1,431,489 -355,894 | -20% | -$53M |
|