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 |
Merck
MRK
|
$266M |
| 2 |
Becton Dickinson
BDX
|
$208M |
| 3 |
Apple
AAPL
|
$188M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
$175M |
| 5 |
ATVI
Activision Blizzard Inc.
ATVI
|
$170M |
Top Sells
| 1 |
Aflac
AFL
|
$136M |
| 2 |
ONC
BeOne Medicines Ltd. American Depositary Shares
ONC
|
$68.8M |
| 3 |
UDR
UDR
|
$64.9M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
$40.1M |
| 5 |
Arch Capital
ACGL
|
$39.9M |
Sector Composition
| 1 | Technology | 22.31% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.96% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Charter Communications
CHTR
$35.7B
| $229M | 0.18% |
346,632
+2,096
| +0.6% | +$1.39M |
|
127
Morgan Stanley
MS
$236B
| $229M | 0.18% |
3,337,856
+689,935
| +26% | +$47.3M |
|
128
GE Aerospace
GE
$296B
| $225M | 0.17% |
4,175,294
+161,518
| +4% | +$8.69M |
|
129
AutoZone
AZO
$70.6B
| $224M | 0.17% |
188,759
-6,096
| -3% | -$7.23M |
|
130
CVS Health
CVS
$93.6B
| $224M | 0.17% |
3,275,246
+133,079
| +4% | +$9.09M |
|
131
Sempra
SRE
$52.9B
| $221M | 0.17% |
3,466,862
+87,684
| +3% | +$5.59M |
|
132
American Water Works
AWK
$28B
| $219M | 0.17% |
1,426,002
-84,683
| -6% | -$13M |
|
133
Goldman Sachs
GS
$223B
| $218M | 0.17% |
827,776
+34,359
| +4% | +$9.06M |
|
134
Booking.com
BKNG
$178B
| $218M | 0.17% |
97,881
+3,472
| +4% | +$7.73M |
|
135
US Bancorp
USB
$75.9B
| $213M | 0.16% |
4,573,626
+153,397
| +3% | +$7.15M |
|
136
Prologis
PLD
$105B
| $209M | 0.16% |
2,096,595
+71,924
| +4% | +$7.17M |
|
137
Intuitive Surgical
ISRG
$167B
| $208M | 0.16% |
761,328
+31,380
| +4% | +$8.56M |
|
138
Clorox
CLX
$15.5B
| $207M | 0.16% |
1,022,836
-26,948
| -3% | -$5.44M |
|
139
Mondelez International
MDLZ
$79.9B
| $206M | 0.16% |
3,522,509
+116,947
| +3% | +$6.84M |
|
140
Kroger
KR
$44.8B
| $202M | 0.16% |
6,371,568
-204,793
| -3% | -$6.5M |
|
141
Deere & Co
DE
$128B
| $200M | 0.15% |
744,695
+26,836
| +4% | +$7.22M |
|
142
Micron Technology
MU
$147B
| $200M | 0.15% |
2,663,324
+100,881
| +4% | +$7.58M |
|
143
Keysight
KEYS
$28.9B
| $200M | 0.15% |
1,515,846
-39,409
| -3% | -$5.21M |
|
144
Consolidated Edison
ED
$35.4B
| $195M | 0.15% |
2,703,171
-84,139
| -3% | -$6.08M |
|
145
Elevance Health
ELV
$70.6B
| $192M | 0.15% |
598,631
+15,380
| +3% | +$4.94M |
|
146
Take-Two Interactive
TTWO
$44.2B
| $192M | 0.15% |
923,949
-21,717
| -2% | -$4.51M |
|
147
McCormick & Company Non-Voting
MKC
$19B
| $192M | 0.15% |
2,003,217
-62,331
| -3% | -$5.96M |
|
|
XYZ
148
Block, Inc.
XYZ
$45.7B
| $191M | 0.15% |
879,508
+34,253
| +4% | +$7.45M |
|
149
Applied Materials
AMAT
$130B
| $190M | 0.15% |
2,206,297
+80,592
| +4% | +$6.96M |
|
150
Arthur J. Gallagher & Co
AJG
$76.7B
| $190M | 0.15% |
1,538,385
-40,628
| -3% | -$5.03M |
|