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 |
Coca-Cola
KO
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
Microsoft
MSFT
|
$209M |
| 4 |
JPMorgan Chase
JPM
|
$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
American Water Works
AWK
$28B
| $159M | 0.19% |
1,370,379
+259,864
| +23% | +$30.1M |
|
|
TSS
127
DELISTED
Total System Services, Inc.
TSS
| $156M | 0.18% |
1,212,324
+137,310
| +13% | +$17.6M |
|
128
Hartford Financial Services
HIG
$37B
| $154M | 0.18% |
2,761,041
+372,454
| +16% | +$20.8M |
|
129
Republic Services
RSG
$71.7B
| $154M | 0.18% |
1,772,522
+276,545
| +18% | +$24M |
|
130
VF Corp
VFC
$5.86B
| $153M | 0.18% |
1,752,924
+75,938
| +5% | +$6.63M |
|
131
Realty Income
O
$54.2B
| $152M | 0.18% |
2,269,936
+473,733
| +26% | +$31.7M |
|
132
GE Aerospace
GE
$296B
| $152M | 0.18% |
2,897,734
-767,093
| -21% | -$40.1M |
|
133
Caterpillar
CAT
$198B
| $152M | 0.18% |
1,112,146
-58,253
| -5% | -$7.94M |
|
134
Clorox
CLX
$15.5B
| $148M | 0.17% |
965,891
+160,059
| +20% | +$24.5M |
|
135
Essex Property Trust
ESS
$17.3B
| $148M | 0.17% |
505,873
+106,272
| +27% | +$31M |
|
136
Booking.com
BKNG
$178B
| $146M | 0.17% |
77,697
-9,178
| -11% | -$17.2M |
|
137
Hershey
HSY
$37.6B
| $145M | 0.17% |
1,085,320
+164,869
| +18% | +$22.1M |
|
138
Omnicom Group
OMC
$15.4B
| $145M | 0.17% |
1,767,708
+236,379
| +15% | +$19.4M |
|
|
LLL
139
DELISTED
L3 Technologies, Inc.
LLL
| $145M | 0.17% |
590,391
+65,564
| +12% | +$16.1M |
|
140
Waste Connections
WCN
$46.1B
| $143M | 0.17% |
1,497,422
+296,750
| +25% | +$28.4M |
|
141
NVIDIA
NVDA
$4.07T
| $143M | 0.17% |
34,715,640
-1,426,480
| -4% | -$5.86M |
|
142
McCormick & Company Non-Voting
MKC
$19B
| $143M | 0.17% |
1,838,906
+331,984
| +22% | +$25.7M |
|
143
General Mills
GIS
$27B
| $142M | 0.17% |
2,711,203
+215,817
| +9% | +$11.3M |
|
144
Mondelez International
MDLZ
$79.9B
| $142M | 0.17% |
2,641,368
-204,236
| -7% | -$11M |
|
145
Synopsys
SNPS
$111B
| $141M | 0.17% |
1,093,617
+161,112
| +17% | +$20.7M |
|
146
ConocoPhillips
COP
$116B
| $140M | 0.17% |
2,295,585
-392,307
| -15% | -$23.9M |
|
147
Ameren
AEE
$27.2B
| $138M | 0.16% |
1,839,094
+338,563
| +23% | +$25.4M |
|
148
Entergy
ETR
$39.2B
| $137M | 0.16% |
2,669,856
+340,568
| +15% | +$17.5M |
|
149
Church & Dwight Co
CHD
$23.3B
| $137M | 0.16% |
1,868,911
+249,340
| +15% | +$18.2M |
|
150
CVS Health
CVS
$93.6B
| $134M | 0.16% |
2,459,521
-568,589
| -19% | -$31M |
|