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 |
Kraft Heinz
KHC
|
$103M |
| 2 |
NETSCOUT
NTCT
|
$102M |
| 3 |
PayPal
PYPL
|
$87.9M |
| 4 |
Netflix
NFLX
|
$87.2M |
| 5 |
AT&T
T
|
$53.9M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
$129M |
| 4 |
Apple
AAPL
|
$56.2M |
| 5 |
Danaher
DHR
|
$50.5M |
Sector Composition
| 1 | Financials | 16.47% |
| 2 | Technology | 14.3% |
| 3 | Healthcare | 14.2% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Chubb
CB
$110B
| $92.7M | 0.16% |
896,100
-27,000
| -3% | -$2.79M |
|
127
Enterprise Products Partners
EPD
$69.6B
| $91.5M | 0.16% |
3,673,350
-11,560
| -0.3% | -$288K |
|
128
Emerson Electric
EMR
$74.3B
| $91M | 0.15% |
2,059,097
-42,800
| -2% | -$1.89M |
|
|
ALXN
129
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $90.8M | 0.15% |
580,591
+13,699
| +2% | +$2.14M |
|
130
Baidu
BIDU
$32.8B
| $90.3M | 0.15% |
657,092
-43,700
| -6% | -$6M |
|
131
Yum! Brands
YUM
$40.8B
| $90.1M | 0.15% |
1,127,044
-70,100
| -6% | -$5.6M |
|
|
132
PayPal
PYPL
$67.1B
| $87.9M | 0.15% |
+2,830,669
| New | +$87.9M |
|
133
Charles Schwab
SCHW
$174B
| $87M | 0.15% |
3,044,885
-139,800
| -4% | -$3.99M |
|
134
Public Storage
PSA
$51.7B
| $86.9M | 0.15% |
410,617
+3,500
| +0.9% | +$741K |
|
|
CB
135
DELISTED
CHUBB CORPORATION
CB
| $86.4M | 0.15% |
704,447
-19,000
| -3% | -$2.33M |
|
|
136
Danaher
DHR
$147B
| $85.6M | 0.15% |
1,004,840
-593,114
| -37% | -$50.5M |
|
137
Exelon
EXC
$44.1B
| $85.5M | 0.15% |
2,878,006
-8,100
| -0.3% | -$241K |
|
138
Broadcom
AVGO
$1.4T
| $84.7M | 0.14% |
677,300
-50,600
| -7% | -$6.33M |
|
|
PX
139
DELISTED
Praxair Inc
PX
| $83.8M | 0.14% |
822,646
-22,200
| -3% | -$2.26M |
|
140
State Street
STT
$32.6B
| $83.2M | 0.14% |
1,237,970
-38,100
| -3% | -$2.56M |
|
141
PG&E
PCG
$33.6B
| $83.2M | 0.14% |
1,575,063
+66,400
| +4% | +$3.51M |
|
142
Marathon Petroleum
MPC
$54.6B
| $82.9M | 0.14% |
1,788,934
-7,500
| -0.4% | -$347K |
|
|
APC
143
DELISTED
Anadarko Petroleum
APC
| $81.9M | 0.14% |
1,355,777
+8,900
| +0.7% | +$537K |
|
|
PCP
144
DELISTED
PRECISION CASTPARTS CORP
PCP
| $81.8M | 0.14% |
356,300
-2,500
| -0.7% | -$574K |
|
145
O'Reilly Automotive
ORLY
$88B
| $81.5M | 0.14% |
326,053
-10,000
| -3% | -$2.5M |
|
146
Halliburton
HAL
$19.4B
| $81.2M | 0.14% |
2,296,049
-31,722
| -1% | -$1.12M |
|
147
CME Group
CME
$96B
| $80.5M | 0.14% |
868,130
-21,400
| -2% | -$1.98M |
|
148
American Electric Power
AEP
$59.4B
| $80.4M | 0.14% |
1,414,753
-38,200
| -3% | -$2.17M |
|
149
Waste Management
WM
$91.2B
| $79.6M | 0.14% |
1,598,439
-54,700
| -3% | -$2.72M |
|
150
Becton Dickinson
BDX
$55.3B
| $78.4M | 0.13% |
590,732
+678
| +0.1% | +$89.9K |
|