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 |
Kinder Morgan
KMI
|
$115M |
| 2 |
Enterprise Products Partners
EPD
|
$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
$41.2M |
| 4 |
Alibaba
BABA
|
$36.6M |
| 5 |
Annaly Capital Management
NLY
|
$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
$207M |
| 2 |
Medtronic
MDT
|
$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
State Street
STT
$32B
| $116M | 0.16% |
1,599,395
-218,119
| -12% | -$15.8M |
|
127
Corning
GLW
$61B
| $116M | 0.16% |
4,691,011
+680,200
| +17% | +$16.8M |
|
|
TWC
128
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $116M | 0.16% |
800,835
-64,792
| -7% | -$9.35M |
|
129
PG&E
PCG
$33.2B
| $116M | 0.16% |
1,946,018
+329,229
| +20% | +$19.6M |
|
130
Broadcom
AVGO
$1.58T
| $115M | 0.16% |
10,989,810
-617,910
| -5% | -$6.48M |
|
131
Archer Daniels Midland
ADM
$30.2B
| $112M | 0.16% |
2,329,443
-188,145
| -7% | -$9.08M |
|
132
Elevance Health
ELV
$70.6B
| $112M | 0.15% |
809,914
-177,000
| -18% | -$24.4M |
|
|
ALXN
133
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $111M | 0.15% |
615,084
+16,116
| +3% | +$2.91M |
|
|
RTN
134
DELISTED
Raytheon Company
RTN
| $111M | 0.15% |
1,056,412
-23,664
| -2% | -$2.48M |
|
135
American Electric Power
AEP
$57.8B
| $111M | 0.15% |
1,722,683
-33,700
| -2% | -$2.17M |
|
136
Kroger
KR
$44.8B
| $110M | 0.15% |
3,179,422
-505,388
| -14% | -$17.5M |
|
137
Illinois Tool Works
ITW
$77.6B
| $110M | 0.15% |
1,173,482
+40,200
| +4% | +$3.76M |
|
138
Ameriprise Financial
AMP
$46.1B
| $110M | 0.15% |
850,022
+1,965
| +0.2% | +$254K |
|
139
Applied Materials
AMAT
$130B
| $108M | 0.15% |
4,588,701
-113,209
| -2% | -$2.67M |
|
140
American Tower
AMT
$92.9B
| $107M | 0.15% |
1,070,014
-74,984
| -7% | -$7.53M |
|
141
LyondellBasell Industries
LYB
$17.7B
| $106M | 0.15% |
1,343,432
-221,741
| -14% | -$17.4M |
|
142
Marsh & McLennan
MMC
$100B
| $106M | 0.15% |
1,885,820
-329,690
| -15% | -$18.4M |
|
143
General Mills
GIS
$27B
| $105M | 0.15% |
1,910,872
-7,364
| -0.4% | -$406K |
|
144
Valero Energy
VLO
$48.7B
| $105M | 0.14% |
2,048,672
+67,130
| +3% | +$3.44M |
|
145
Yum! Brands
YUM
$40.1B
| $103M | 0.14% |
1,950,178
+55,258
| +3% | +$2.92M |
|
|
PX
146
DELISTED
Praxair Inc
PX
| $102M | 0.14% |
831,768
-53,200
| -6% | -$6.55M |
|
147
Humana
HUM
$37B
| $102M | 0.14% |
679,302
+52,151
| +8% | +$7.86M |
|
148
Cardinal Health
CAH
$35.7B
| $102M | 0.14% |
1,200,047
-7,722
| -0.6% | -$654K |
|
149
Halliburton
HAL
$18.8B
| $99.6M | 0.14% |
2,399,035
-269,762
| -10% | -$11.2M |
|
|
KRFT
150
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $98.9M | 0.14% |
1,480,370
+100
| +0% | +$6.68K |
|