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 |
Chubb
CB
|
$44.4M |
| 2 |
Broadcom
AVGO
|
$40.5M |
| 3 |
Chevron
CVX
|
$28.4M |
| 4 |
Weyerhaeuser
WY
|
$27.2M |
| 5 |
Dentsply Sirona
XRAY
|
$21.1M |
Top Sells
| 1 |
CB
CHUBB CORPORATION
CB
|
$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
$37.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$35.7M |
Sector Composition
| 1 | Financials | 15.3% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 13.35% |
| 4 | Industrials | 10.85% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Netflix
NFLX
$529B
| $98.2M | 0.16% |
960,200
-30,900
| -3% | -$3.16M |
|
127
Delta Air Lines
DAL
$39.9B
| $97.6M | 0.16% |
2,004,899
-131,500
| -6% | -$6.4M |
|
128
Valero Energy
VLO
$48.7B
| $96.7M | 0.16% |
1,506,983
+33,900
| +2% | +$2.17M |
|
|
PX
129
DELISTED
Praxair Inc
PX
| $95.8M | 0.15% |
837,389
+20,400
| +2% | +$2.33M |
|
130
Yum! Brands
YUM
$40.1B
| $95.2M | 0.15% |
1,618,654
+47,433
| +3% | +$2.79M |
|
131
Cognizant
CTSH
$35.1B
| $94.4M | 0.15% |
1,505,548
-145,900
| -9% | -$9.15M |
|
132
Prudential Financial
PRU
$37.2B
| $94.2M | 0.15% |
1,304,545
+44,900
| +4% | +$3.24M |
|
133
American Electric Power
AEP
$57.8B
| $92.4M | 0.15% |
1,391,753
+50,300
| +4% | +$3.34M |
|
134
Waste Management
WM
$88.6B
| $91.5M | 0.15% |
1,550,339
-36,200
| -2% | -$2.14M |
|
135
McKesson
MCK
$85.5B
| $90.2M | 0.15% |
573,776
-54,900
| -9% | -$8.63M |
|
136
PG&E
PCG
$33.2B
| $89.9M | 0.14% |
1,504,563
-26,600
| -2% | -$1.59M |
|
137
Marsh & McLennan
MMC
$100B
| $89.1M | 0.14% |
1,465,000
+67,600
| +5% | +$4.11M |
|
138
Morgan Stanley
MS
$236B
| $88.6M | 0.14% |
3,541,010
-149,400
| -4% | -$3.74M |
|
139
Hewlett Packard
HPE
$31B
| $88.4M | 0.14% |
8,581,733
+52,305
| +0.6% | +$539K |
|
140
Kinder Morgan
KMI
$59.1B
| $87.2M | 0.14% |
4,882,236
+178,000
| +4% | +$3.18M |
|
141
Enterprise Products Partners
EPD
$68.6B
| $85.7M | 0.14% |
3,480,750
-188,800
| -5% | -$4.65M |
|
142
Becton Dickinson
BDX
$55.1B
| $84.7M | 0.14% |
571,880
-36,285
| -6% | -$5.37M |
|
143
Aon
AON
$79.9B
| $84.5M | 0.14% |
809,380
+18,600
| +2% | +$1.94M |
|
|
YHOO
144
DELISTED
Yahoo Inc
YHOO
| $83.9M | 0.14% |
2,278,700
-134,100
| -6% | -$4.94M |
|
145
Allstate
ALL
$53.1B
| $82.6M | 0.13% |
1,226,798
-107,200
| -8% | -$7.22M |
|
146
PPG Industries
PPG
$24.8B
| $82.5M | 0.13% |
739,834
-600
| -0.1% | -$66.9K |
|
147
O'Reilly Automotive
ORLY
$89B
| $82.2M | 0.13% |
4,503,795
-394,500
| -8% | -$7.2M |
|
148
Halliburton
HAL
$18.8B
| $81.5M | 0.13% |
2,282,349
-39,900
| -2% | -$1.43M |
|
149
Intuit
INTU
$188B
| $81.1M | 0.13% |
779,800
-17,500
| -2% | -$1.82M |
|
150
Stryker
SYK
$150B
| $81.1M | 0.13% |
755,926
-6,303
| -0.8% | -$676K |
|