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
|
$1.51B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$495M |
| 3 |
Union Pacific
UNP
|
$137M |
| 4 |
CELG
Celgene Corp
CELG
|
$116M |
| 5 |
Comcast
CMCSA
|
$73.1M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$67.3M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$65.9M |
| 3 |
Synovus
SNV
|
$55.9M |
| 4 |
Exxon Mobil
XOM
|
$36.8M |
| 5 |
WFT
Weatherford International plc
WFT
|
$36.7M |
Sector Composition
| 1 | Financials | 15.85% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 12.47% |
| 4 | Industrials | 10.95% |
| 5 | Energy | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Travelers Companies
TRV
$60.9B
| $116M | 0.16% |
1,237,611
-50,156
| -4% | -$4.72M |
|
|
VIAB
127
DELISTED
Viacom Inc. Class B
VIAB
| $116M | 0.16% |
1,336,254
-70,900
| -5% | -$6.15M |
|
128
Elevance Health
ELV
$73.3B
| $116M | 0.16% |
1,073,914
+60,200
| +6% | +$6.48M |
|
129
Marsh & McLennan
MMC
$101B
| $116M | 0.16% |
2,228,877
+332,934
| +18% | +$17.3M |
|
130
CSX Corp
CSX
$59.9B
| $115M | 0.16% |
3,726,031
+46,828
| +1% | +$1.44M |
|
131
Southern Company
SO
$102B
| $114M | 0.16% |
2,513,026
+70,600
| +3% | +$3.2M |
|
|
PCP
132
DELISTED
PRECISION CASTPARTS CORP
PCP
| $114M | 0.15% |
449,926
-5,737
| -1% | -$1.45M |
|
133
Target
TGT
$42.1B
| $113M | 0.15% |
1,944,721
-18,809
| -1% | -$1.09M |
|
134
Yum! Brands
YUM
$40.1B
| $113M | 0.15% |
1,385,813
+20,451
| +1% | +$1.66M |
|
135
Eaton
ETN
$133B
| $112M | 0.15% |
1,444,776
-110,879
| -7% | -$8.56M |
|
136
Enterprise Products Partners
EPD
$69.3B
| $111M | 0.15% |
1,412,000
+148,400
| +12% | +$11.6M |
|
137
Archer Daniels Midland
ADM
$29.8B
| $110M | 0.15% |
2,496,168
+112,900
| +5% | +$4.98M |
|
138
Valero Energy
VLO
$47.6B
| $109M | 0.15% |
2,184,658
+176,387
| +9% | +$8.84M |
|
139
Baxter International
BAX
$12.4B
| $109M | 0.15% |
1,505,278
-85,013
| -5% | -$6.15M |
|
140
Automatic Data Processing
ADP
$121B
| $109M | 0.15% |
1,371,424
-2,800
| -0.2% | -$222K |
|
|
MRO
141
DELISTED
Marathon Oil Corporation
MRO
| $109M | 0.15% |
2,719,084
-31,140
| -1% | -$1.24M |
|
142
Applied Materials
AMAT
$125B
| $107M | 0.15% |
4,765,800
-40,384
| -0.8% | -$911K |
|
|
PARA
143
DELISTED
Paramount Global Class B
PARA
| $107M | 0.15% |
1,722,282
-341,415
| -17% | -$21.2M |
|
|
BHI
144
DELISTED
Baker Hughes
BHI
| $106M | 0.14% |
1,425,566
-208,737
| -13% | -$15.5M |
|
145
Johnson Controls International
JCI
$69B
| $104M | 0.14% |
2,091,597
-74,500
| -3% | -$3.72M |
|
146
Cognizant
CTSH
$35B
| $104M | 0.14% |
2,126,408
-113,532
| -5% | -$5.55M |
|
147
Norfolk Southern
NSC
$61.8B
| $104M | 0.14% |
1,007,791
+6,100
| +0.6% | +$628K |
|
148
American Tower
AMT
$94.5B
| $103M | 0.14% |
1,140,775
-34,562
| -3% | -$3.11M |
|
149
Las Vegas Sands
LVS
$39B
| $102M | 0.14% |
1,344,573
+20,818
| +2% | +$1.59M |
|
150
Allstate
ALL
$53.5B
| $102M | 0.14% |
1,733,782
-271,867
| -14% | -$16M |
|