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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
CTXS
126
DELISTED
Citrix Systems Inc
CTXS
| $152M | 0.18% |
1,070,356
-15,461
| -1% | -$2.19M |
|
127
Lowe's Companies
LOW
$145B
| $151M | 0.18% |
1,752,052
-128,538
| -7% | -$11.1M |
|
128
US Bancorp
USB
$76B
| $150M | 0.18% |
4,359,221
-266,621
| -6% | -$9.19M |
|
129
Charter Communications
CHTR
$36.3B
| $148M | 0.18% |
340,330
-36,346
| -10% | -$15.9M |
|
130
Cigna
CI
$80.3B
| $147M | 0.18% |
829,579
-54,905
| -6% | -$9.73M |
|
131
United Parcel Service
UPS
$74.1B
| $147M | 0.18% |
1,571,248
-86,434
| -5% | -$8.07M |
|
132
Ameren
AEE
$27B
| $144M | 0.17% |
1,983,704
-30,662
| -2% | -$2.23M |
|
133
DTE Energy
DTE
$28.4B
| $143M | 0.17% |
1,502,574
-19,723
| -1% | -$1.87M |
|
134
Caterpillar
CAT
$196B
| $141M | 0.17% |
1,215,989
-86,235
| -7% | -$10M |
|
135
Prologis
PLD
$106B
| $141M | 0.17% |
1,752,335
+264,429
| +18% | +$21.3M |
|
136
Republic Services
RSG
$73B
| $140M | 0.17% |
1,864,593
+20,723
| +1% | +$1.56M |
|
137
McCormick & Company Non-Voting
MKC
$18.9B
| $140M | 0.17% |
987,959
-23,356
| -2% | -$3.3M |
|
138
Becton Dickinson
BDX
$55.3B
| $139M | 0.17% |
604,721
-30,726
| -5% | -$7.06M |
|
139
Vertex Pharmaceuticals
VRTX
$100B
| $139M | 0.17% |
582,880
-23,089
| -4% | -$5.49M |
|
140
S&P Global
SPGI
$167B
| $138M | 0.17% |
562,717
-34,706
| -6% | -$8.5M |
|
141
Realty Income
O
$53.7B
| $137M | 0.17% |
2,748,807
+107,935
| +4% | +$5.38M |
|
142
CMS Energy
CMS
$21.4B
| $136M | 0.16% |
2,319,713
-44,774
| -2% | -$2.63M |
|
143
Intuit
INTU
$186B
| $134M | 0.16% |
582,070
-9,344
| -2% | -$2.15M |
|
|
AGN
144
DELISTED
Allergan plc
AGN
| $134M | 0.16% |
754,118
-34,852
| -4% | -$6.17M |
|
145
Elevance Health
ELV
$71.8B
| $131M | 0.16% |
576,374
-639,264
| -53% | -$145M |
|
146
Booking.com
BKNG
$181B
| $129M | 0.16% |
95,898
-6,547
| -6% | -$8.81M |
|
147
American Express
AXP
$231B
| $128M | 0.16% |
1,500,039
-123,034
| -8% | -$10.5M |
|
148
Church & Dwight Co
CHD
$22.7B
| $128M | 0.15% |
1,990,244
-35,999
| -2% | -$2.31M |
|
149
Biogen
BIIB
$19.4B
| $127M | 0.15% |
402,289
-51,914
| -11% | -$16.4M |
|
150
Waste Connections
WCN
$47.5B
| $126M | 0.15% |
1,626,737
+59,669
| +4% | +$4.62M |
|