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 |
Exxon Mobil
XOM
|
$1.12B |
| 2 |
Apple
AAPL
|
$961M |
| 3 |
Microsoft
MSFT
|
$719M |
| 4 |
GE Aerospace
GE
|
$679M |
| 5 |
Johnson & Johnson
JNJ
|
$661M |
Top Sells
Sector Composition
| 1 | Financials | 15.68% |
| 2 | Technology | 13.22% |
| 3 | Healthcare | 11.84% |
| 4 | Industrials | 10.81% |
| 5 | Energy | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Allstate
ALL
$54.9B
| $77.2M | 0.16% |
+1,605,103
| New | +$77.2M |
|
|
COV
127
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $77.1M | 0.15% |
+1,384,552
| New | +$77.1M |
|
128
General Dynamics
GD
$86.7B
| $76.8M | 0.15% |
+980,590
| New | +$76.8M |
|
129
NOV
NOV
$4.97B
| $76.4M | 0.15% |
+1,229,513
| New | +$76.4M |
|
130
Illinois Tool Works
ITW
$77.4B
| $75.1M | 0.15% |
+1,086,341
| New | +$75.1M |
|
131
Zoetis
ZTS
$67.9B
| $74.9M | 0.15% |
+2,424,592
| New | +$74.9M |
|
|
AET
132
DELISTED
Aetna Inc
AET
| $73.9M | 0.15% |
+1,163,467
| New | +$73.9M |
|
133
McKesson
MCK
$86B
| $73.6M | 0.15% |
+642,528
| New | +$73.6M |
|
134
Aflac
AFL
$58.1B
| $72.9M | 0.15% |
+2,507,164
| New | +$72.9M |
|
135
Eaton
ETN
$136B
| $72.6M | 0.15% |
+1,102,869
| New | +$72.6M |
|
136
American Tower
AMT
$91.4B
| $71.1M | 0.14% |
+972,050
| New | +$71.1M |
|
137
CSX Corp
CSX
$60.9B
| $71.1M | 0.14% |
+9,197,571
| New | +$71.1M |
|
138
Charles Schwab
SCHW
$177B
| $69.7M | 0.14% |
+3,282,913
| New | +$69.7M |
|
|
CB
139
DELISTED
CHUBB CORPORATION
CB
| $69.5M | 0.14% |
+821,222
| New | +$69.5M |
|
140
LyondellBasell Industries
LYB
$17.5B
| $69.4M | 0.14% |
+1,047,308
| New | +$69.4M |
|
|
RTN
141
DELISTED
Raytheon Company
RTN
| $67.4M | 0.14% |
+1,020,097
| New | +$67.4M |
|
142
Kinder Morgan
KMI
$59.4B
| $67.1M | 0.13% |
+1,758,908
| New | +$67.1M |
|
143
Truist Financial
TFC
$60.7B
| $66.9M | 0.13% |
+1,974,465
| New | +$66.9M |
|
144
Northrop Grumman
NOC
$83B
| $66.4M | 0.13% |
+802,142
| New | +$66.4M |
|
145
Norfolk Southern
NSC
$62.8B
| $66.2M | 0.13% |
+911,092
| New | +$66.2M |
|
146
Adobe
ADBE
$146B
| $65.9M | 0.13% |
+1,445,513
| New | +$65.9M |
|
|
DELL
147
DELISTED
DELL INC
DELL
| $65.2M | 0.13% |
+4,882,448
| New | +$65.2M |
|
148
Marathon Petroleum
MPC
$54.4B
| $65M | 0.13% |
+1,829,818
| New | +$65M |
|
149
Johnson Controls International
JCI
$70.1B
| $64.5M | 0.13% |
+1,719,795
| New | +$64.5M |
|
|
FON
150
DELISTED
SPRINT CORP FON COM
FON
| $64.4M | 0.13% |
+9,171,357
| New | +$64.4M |
|