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 |
AT&T
T
|
$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$146M |
| 3 |
PepsiCo
PEP
|
$65.1M |
| 4 |
Coca-Cola
KO
|
$62.7M |
| 5 |
Pfizer
PFE
|
$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
$178M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Microsoft
MSFT
|
$135M |
| 5 |
Amazon
AMZN
|
$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Baidu
BIDU
$35.1B
| $118M | 0.16% |
487,282
+20,450
| +4% | +$4.97M |
|
127
Crown Castle
CCI
$41.9B
| $118M | 0.16% |
1,098,208
+213,050
| +24% | +$23M |
|
128
Aflac
AFL
$57.2B
| $118M | 0.16% |
2,748,852
+401,806
| +17% | +$17.3M |
|
129
S&P Global
SPGI
$164B
| $118M | 0.16% |
578,977
-10,144
| -2% | -$2.07M |
|
130
Charles Schwab
SCHW
$167B
| $117M | 0.16% |
2,282,182
-232,306
| -9% | -$11.9M |
|
131
Target
TGT
$42.3B
| $117M | 0.16% |
1,532,050
-73,277
| -5% | -$5.58M |
|
132
Zoetis
ZTS
$67.9B
| $116M | 0.16% |
1,366,078
+153,007
| +13% | +$13M |
|
|
ATVI
133
DELISTED
Activision Blizzard Inc.
ATVI
| $116M | 0.16% |
1,518,690
-147,279
| -9% | -$11.2M |
|
134
Allstate
ALL
$53.1B
| $115M | 0.16% |
1,257,115
+263,240
| +26% | +$24M |
|
135
Fidelity National Information Services
FIS
$35.9B
| $115M | 0.16% |
1,080,295
+263,927
| +32% | +$28M |
|
136
Progressive
PGR
$143B
| $114M | 0.16% |
1,921,783
+344,576
| +22% | +$20.4M |
|
137
Public Storage
PSA
$52.2B
| $113M | 0.16% |
500,302
+94,944
| +23% | +$21.5M |
|
138
Sysco
SYY
$39.4B
| $113M | 0.16% |
1,656,336
+346,174
| +26% | +$23.6M |
|
139
Dominion Energy
D
$49.7B
| $113M | 0.16% |
1,650,961
+212,403
| +15% | +$14.5M |
|
140
Aon
AON
$79.9B
| $112M | 0.16% |
819,130
+141,787
| +21% | +$19.4M |
|
141
Kimberly-Clark
KMB
$43.1B
| $112M | 0.16% |
1,065,014
+174,256
| +20% | +$18.4M |
|
142
Prudential Financial
PRU
$37.2B
| $112M | 0.15% |
1,193,401
+76,691
| +7% | +$7.17M |
|
143
Charter Communications
CHTR
$35.7B
| $111M | 0.15% |
377,222
-120,898
| -24% | -$35.4M |
|
144
Constellation Brands
STZ
$26.2B
| $111M | 0.15% |
504,872
+109,856
| +28% | +$24M |
|
145
NXP Semiconductors
NXPI
$57.2B
| $110M | 0.15% |
1,011,175
+275,355
| +37% | +$30.1M |
|
146
HP
HPQ
$27.4B
| $110M | 0.15% |
4,844,124
+23,814
| +0.5% | +$540K |
|
147
Boston Scientific
BSX
$159B
| $109M | 0.15% |
3,333,161
+435,411
| +15% | +$14.2M |
|
148
Travelers Companies
TRV
$62B
| $108M | 0.15% |
886,035
+108,164
| +14% | +$13.2M |
|
149
Ecolab
ECL
$77.6B
| $108M | 0.15% |
768,101
+187,214
| +32% | +$26.3M |
|
150
Ross Stores
ROST
$49.4B
| $107M | 0.15% |
1,256,946
+296,550
| +31% | +$25.1M |
|