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 |
Apollo Global Management
APO
|
$635M |
| 2 |
Verizon
VZ
|
$198M |
| 3 |
EOG Resources
EOG
|
$105M |
| 4 |
Perrigo
PRGO
|
$46M |
| 5 |
Meta Platforms (Facebook)
META
|
$40.8M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
$35.3M |
| 3 |
Vodafone
VOD
|
$31.5M |
| 4 |
Voya Financial
VOYA
|
$30.5M |
| 5 |
Walmart
WMT
|
$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.11% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Delta Air Lines
DAL
$39.9B
| $112M | 0.16% |
3,333,411
-14,088
| -0.4% | -$472K |
|
127
Cognizant
CTSH
$35.1B
| $110M | 0.16% |
2,239,940
-151,280
| -6% | -$7.44M |
|
128
Southern Company
SO
$101B
| $109M | 0.16% |
2,442,426
+22,390
| +0.9% | +$1M |
|
129
Travelers Companies
TRV
$62B
| $109M | 0.16% |
1,287,767
+23,856
| +2% | +$2.02M |
|
|
AET
130
DELISTED
Aetna Inc
AET
| $108M | 0.16% |
1,488,461
+60,441
| +4% | +$4.4M |
|
|
AGN
131
DELISTED
Allergan plc
AGN
| $106M | 0.15% |
554,487
+66,422
| +14% | +$12.7M |
|
|
BHI
132
DELISTED
Baker Hughes
BHI
| $106M | 0.15% |
1,634,303
-25,470
| -2% | -$1.65M |
|
133
General Mills
GIS
$27B
| $105M | 0.15% |
2,052,057
-24,740
| -1% | -$1.27M |
|
134
Yum! Brands
YUM
$40.1B
| $104M | 0.15% |
1,899,219
+21,681
| +1% | +$1.19M |
|
135
CSX Corp
CSX
$60.6B
| $104M | 0.15% |
11,037,609
+60,372
| +0.5% | +$569K |
|
136
Automatic Data Processing
ADP
$120B
| $104M | 0.15% |
1,565,241
-9,575
| -0.6% | -$635K |
|
137
Archer Daniels Midland
ADM
$30.2B
| $104M | 0.15% |
2,383,268
+26,610
| +1% | +$1.16M |
|
138
Valero Energy
VLO
$48.7B
| $104M | 0.15% |
2,008,271
-315,587
| -14% | -$16.3M |
|
|
RTN
139
DELISTED
Raytheon Company
RTN
| $101M | 0.15% |
1,053,047
-19,060
| -2% | -$1.84M |
|
140
Las Vegas Sands
LVS
$36.9B
| $101M | 0.14% |
1,323,755
+145,736
| +12% | +$11.2M |
|
141
Johnson Controls International
JCI
$69.5B
| $101M | 0.14% |
2,068,623
-175,980
| -8% | -$8.57M |
|
142
Deere & Co
DE
$128B
| $99.7M | 0.14% |
1,077,363
+26,098
| +2% | +$2.42M |
|
143
Adobe
ADBE
$148B
| $99.6M | 0.14% |
1,611,208
+93,038
| +6% | +$5.75M |
|
144
APA Corp
APA
$8.14B
| $99M | 0.14% |
1,162,636
-209,034
| -15% | -$17.8M |
|
145
Elevance Health
ELV
$70.6B
| $98M | 0.14% |
1,013,714
-43,195
| -4% | -$4.17M |
|
|
COV
146
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $97.5M | 0.14% |
1,389,335
+56,000
| +4% | +$3.93M |
|
147
Northrop Grumman
NOC
$83.2B
| $97.1M | 0.14% |
816,867
-95,834
| -11% | -$11.4M |
|
|
MRO
148
DELISTED
Marathon Oil Corporation
MRO
| $97M | 0.14% |
2,750,224
-62,913
| -2% | -$2.22M |
|
|
HES
149
DELISTED
Hess
HES
| $96.1M | 0.14% |
1,143,566
-15,495
| -1% | -$1.3M |
|
150
American Tower
AMT
$92.9B
| $95.8M | 0.14% |
1,175,337
+42,753
| +4% | +$3.48M |
|