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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$69.3M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$60.2M |
| 3 |
DXC Technology
DXC
|
$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$47.5M |
| 5 |
Amazon
AMZN
|
$46.9M |
Top Sells
| 1 |
YHOO
Yahoo Inc
YHOO
|
$170M |
| 2 |
Zoetis
ZTS
|
$75.8M |
| 3 |
Yum! Brands
YUM
|
$69M |
| 4 |
Xerox
XRX
|
$63.2M |
| 5 |
Wells Fargo
WFC
|
$49.2M |
Sector Composition
| 1 | Financials | 17.92% |
| 2 | Technology | 15.12% |
| 3 | Healthcare | 13.25% |
| 4 | Industrials | 10.86% |
| 5 | Consumer Discretionary | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Travelers Companies
TRV
$61.5B
| $101M | 0.16% |
796,331
-10,600
| -1% | -$1.34M |
|
127
Stryker
SYK
$149B
| $100M | 0.16% |
722,526
+13,300
| +2% | +$1.85M |
|
128
Exelon
EXC
$43.8B
| $99.6M | 0.16% |
2,761,506
+31,800
| +1% | +$1.15M |
|
129
Truist Financial
TFC
$59.9B
| $98.6M | 0.16% |
2,171,039
+30,400
| +1% | +$1.38M |
|
130
Marsh & McLennan
MMC
$101B
| $97.5M | 0.16% |
1,250,600
+35,000
| +3% | +$2.73M |
|
131
CME Group
CME
$95.6B
| $97.3M | 0.16% |
776,730
+7,000
| +0.9% | +$877K |
|
132
Kraft Heinz
KHC
$30.8B
| $97.2M | 0.16% |
1,134,400
-51,800
| -4% | -$4.44M |
|
|
ESRX
133
DELISTED
Express Scripts Holding Company
ESRX
| $97.1M | 0.16% |
1,520,200
+49,000
| +3% | +$3.13M |
|
134
Baidu
BIDU
$33.1B
| $96.7M | 0.15% |
540,600
+13,700
| +3% | +$2.45M |
|
|
PX
135
DELISTED
Praxair Inc
PX
| $96.3M | 0.15% |
726,789
+18,600
| +3% | +$2.47M |
|
136
S&P Global
SPGI
$165B
| $95.3M | 0.15% |
652,488
-13,900
| -2% | -$2.03M |
|
137
State Street
STT
$32.1B
| $93.6M | 0.15% |
1,043,470
-18,200
| -2% | -$1.63M |
|
138
Valero Energy
VLO
$47.9B
| $92.6M | 0.15% |
1,372,283
+5,500
| +0.4% | +$371K |
|
139
Allstate
ALL
$53.6B
| $90.7M | 0.15% |
1,026,098
-11,300
| -1% | -$999K |
|
140
Deere & Co
DE
$129B
| $90.4M | 0.14% |
731,352
-15,200
| -2% | -$1.88M |
|
141
LyondellBasell Industries
LYB
$18B
| $90.2M | 0.14% |
1,069,233
-3,600
| -0.3% | -$304K |
|
|
ATVI
142
DELISTED
Activision Blizzard Inc.
ATVI
| $89.5M | 0.14% |
1,555,100
+95,600
| +7% | +$5.5M |
|
143
Aon
AON
$80.2B
| $88.7M | 0.14% |
667,480
+9,300
| +1% | +$1.24M |
|
144
PG&E
PCG
$33.7B
| $88.7M | 0.14% |
1,336,163
-7,100
| -0.5% | -$471K |
|
|
STI
145
DELISTED
SunTrust Banks, Inc.
STI
| $85.9M | 0.14% |
1,514,100
-30,400
| -2% | -$1.72M |
|
146
Intercontinental Exchange
ICE
$100B
| $85.3M | 0.14% |
1,294,335
+26,000
| +2% | +$1.71M |
|
147
Baxter International
BAX
$12.4B
| $84.9M | 0.14% |
1,403,166
-93,400
| -6% | -$5.65M |
|
148
Target
TGT
$42B
| $84.8M | 0.14% |
1,622,261
+14,800
| +0.9% | +$774K |
|
149
Regeneron Pharmaceuticals
REGN
$61.3B
| $84.8M | 0.14% |
172,600
+3,000
| +2% | +$1.47M |
|
150
Cognizant
CTSH
$35.1B
| $84.8M | 0.14% |
1,276,400
+78,700
| +7% | +$5.23M |
|