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 |
ATVI
Activision Blizzard Inc.
ATVI
|
$217M |
| 2 |
T-Mobile US
TMUS
|
$208M |
| 3 |
Electronic Arts
EA
|
$208M |
| 4 |
Amazon
AMZN
|
$205M |
| 5 |
Microsoft
MSFT
|
$193M |
Top Sells
| 1 |
Realty Income
O
|
$110M |
| 2 |
Healthpeak Properties
DOC
|
$86.3M |
| 3 |
Hartford Financial Services
HIG
|
$63.5M |
| 4 |
Annaly Capital Management
NLY
|
$62.7M |
| 5 |
W.P. Carey
WPC
|
$51.3M |
Sector Composition
| 1 | Technology | 21.87% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.93% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Prologis
PLD
$105B
| $204M | 0.18% |
2,024,671
+22,866
| +1% | +$2.3M |
|
127
McCormick & Company Non-Voting
MKC
$19B
| $200M | 0.18% |
2,065,548
-14,708
| -0.7% | -$1.43M |
|
128
S&P Global
SPGI
$164B
| $200M | 0.18% |
555,325
-1,857
| -0.3% | -$670K |
|
129
Sempra
SRE
$52.9B
| $200M | 0.18% |
3,379,178
+56,890
| +2% | +$3.37M |
|
130
Intuit
INTU
$188B
| $196M | 0.17% |
601,601
+14,723
| +3% | +$4.8M |
|
131
Mondelez International
MDLZ
$79.9B
| $196M | 0.17% |
3,405,562
+73,525
| +2% | +$4.22M |
|
132
Church & Dwight Co
CHD
$23.3B
| $192M | 0.17% |
2,049,172
-15,280
| -0.7% | -$1.43M |
|
133
Blackrock
BLK
$170B
| $190M | 0.17% |
337,129
+7,750
| +2% | +$4.37M |
|
134
RTX Corp
RTX
$211B
| $189M | 0.17% |
3,279,185
+78,375
| +2% | +$4.51M |
|
135
Caterpillar
CAT
$198B
| $186M | 0.17% |
1,248,678
+28,702
| +2% | +$4.28M |
|
136
Boeing
BA
$174B
| $185M | 0.16% |
1,118,647
+28,525
| +3% | +$4.71M |
|
137
DTE Energy
DTE
$28.4B
| $185M | 0.16% |
1,887,397
+4,564
| +0.2% | +$447K |
|
138
CVS Health
CVS
$93.6B
| $184M | 0.16% |
3,142,167
+107,003
| +4% | +$6.25M |
|
139
VeriSign
VRSN
$26.2B
| $177M | 0.16% |
862,808
-11,917
| -1% | -$2.44M |
|
140
Hershey
HSY
$37.6B
| $176M | 0.16% |
1,231,165
-14,401
| -1% | -$2.06M |
|
141
AvalonBay Communities
AVB
$27.8B
| $175M | 0.16% |
1,173,871
-8,076
| -0.7% | -$1.21M |
|
142
Aflac
AFL
$57.2B
| $174M | 0.15% |
4,790,995
-1,087,369
| -18% | -$39.5M |
|
143
Intuitive Surgical
ISRG
$167B
| $173M | 0.15% |
729,948
+17,919
| +3% | +$4.24M |
|
144
Republic Services
RSG
$71.7B
| $171M | 0.15% |
1,832,886
-19,167
| -1% | -$1.79M |
|
145
Arthur J. Gallagher & Co
AJG
$76.7B
| $167M | 0.15% |
1,579,013
-3,363
| -0.2% | -$355K |
|
146
Waste Connections
WCN
$46.1B
| $165M | 0.15% |
1,585,364
-39,127
| -2% | -$4.06M |
|
147
Entergy
ETR
$39.2B
| $164M | 0.15% |
3,339,068
-26,688
| -0.8% | -$1.31M |
|
148
JD.com
JD
$44.6B
| $163M | 0.15% |
2,103,297
+69,711
| +3% | +$5.41M |
|
149
Ameren
AEE
$27.2B
| $163M | 0.14% |
2,056,814
-13,734
| -0.7% | -$1.09M |
|
150
Booking.com
BKNG
$178B
| $162M | 0.14% |
94,409
+2,407
| +3% | +$4.12M |
|