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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Realty Income
O
$54.2B
| $190M | 0.19% |
2,562,806
+292,870
| +13% | +$21.8M |
|
127
United Parcel Service
UPS
$72.1B
| $186M | 0.18% |
1,550,230
+345,972
| +29% | +$41.5M |
|
128
American Water Works
AWK
$28B
| $182M | 0.18% |
1,468,749
+98,370
| +7% | +$12.2M |
|
129
Hartford Financial Services
HIG
$37B
| $182M | 0.18% |
2,995,330
+234,289
| +8% | +$14.2M |
|
130
Mondelez International
MDLZ
$79.9B
| $181M | 0.18% |
3,266,433
+625,065
| +24% | +$34.6M |
|
131
Essex Property Trust
ESS
$17.3B
| $180M | 0.18% |
552,461
+46,588
| +9% | +$15.2M |
|
132
PPL Corp
PPL
$26.6B
| $178M | 0.18% |
5,640,696
+415,995
| +8% | +$13.1M |
|
133
Entergy
ETR
$39.2B
| $175M | 0.17% |
2,986,298
+316,442
| +12% | +$18.6M |
|
134
VeriSign
VRSN
$26.2B
| $169M | 0.17% |
895,468
+76,647
| +9% | +$14.5M |
|
135
Caterpillar
CAT
$198B
| $169M | 0.17% |
1,336,454
+224,308
| +20% | +$28.3M |
|
|
CELG
136
DELISTED
Celgene Corp
CELG
| $168M | 0.17% |
1,695,279
+361,962
| +27% | +$35.9M |
|
137
GE Aerospace
GE
$296B
| $168M | 0.17% |
3,771,890
+874,156
| +30% | +$39M |
|
138
Republic Services
RSG
$71.7B
| $167M | 0.17% |
1,933,171
+160,649
| +9% | +$13.9M |
|
139
General Mills
GIS
$27B
| $165M | 0.16% |
2,989,901
+278,698
| +10% | +$15.4M |
|
140
Synopsys
SNPS
$111B
| $165M | 0.16% |
1,200,695
+107,078
| +10% | +$14.7M |
|
141
ConocoPhillips
COP
$116B
| $164M | 0.16% |
2,875,073
+579,488
| +25% | +$33M |
|
142
Ameren
AEE
$27.2B
| $161M | 0.16% |
2,015,950
+176,856
| +10% | +$14.2M |
|
143
Intuit
INTU
$188B
| $161M | 0.16% |
604,813
+117,808
| +24% | +$31.3M |
|
144
Goldman Sachs
GS
$223B
| $159M | 0.16% |
766,626
+154,044
| +25% | +$31.9M |
|
|
145
Becton Dickinson
BDX
$55.1B
| $158M | 0.16% |
640,969
-419,160
| -40% | -$103M |
|
146
Clorox
CLX
$15.5B
| $158M | 0.16% |
1,040,151
+74,260
| +8% | +$11.3M |
|
147
McCormick & Company Non-Voting
MKC
$19B
| $156M | 0.16% |
1,997,188
+158,282
| +9% | +$12.4M |
|
148
Charter Communications
CHTR
$35.7B
| $153M | 0.15% |
372,377
+81,597
| +28% | +$33.6M |
|
149
Church & Dwight Co
CHD
$23.3B
| $151M | 0.15% |
2,007,579
+138,668
| +7% | +$10.4M |
|
150
Northrop Grumman
NOC
$83.2B
| $150M | 0.15% |
400,388
+86,716
| +28% | +$32.5M |
|