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 |
Costco
COST
|
$253M |
| 2 |
Walmart
WMT
|
$201M |
| 3 |
Amazon
AMZN
|
$110M |
| 4 |
United Parcel Service
UPS
|
$103M |
| 5 |
Pool Corp
POOL
|
$87M |
Top Sells
| 1 |
TJX Companies
TJX
|
$413M |
| 2 |
Chubb
CB
|
$336M |
| 3 |
Coca-Cola
KO
|
$252M |
| 4 |
McCormick & Company Non-Voting
MKC
|
$169M |
| 5 |
Apple
AAPL
|
$152M |
Sector Composition
| 1 | Technology | 23.04% |
| 2 | Healthcare | 14.63% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Communication Services | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Prologis
PLD
$105B
| $238M | 0.18% |
1,992,478
-33,491
| -2% | -$4M |
|
127
Public Service Enterprise Group
PEG
$40.5B
| $232M | 0.17% |
3,887,309
-21,913
| -0.6% | -$1.31M |
|
128
Advanced Micro Devices
AMD
$245B
| $231M | 0.17% |
2,459,333
-301,905
| -11% | -$28.4M |
|
129
Sempra
SRE
$52.9B
| $230M | 0.17% |
3,479,348
+88,390
| +3% | +$5.85M |
|
130
Deere & Co
DE
$128B
| $225M | 0.17% |
639,157
-82,077
| -11% | -$28.9M |
|
131
Elevance Health
ELV
$70.6B
| $223M | 0.17% |
583,762
-14,482
| -2% | -$5.53M |
|
132
S&P Global
SPGI
$164B
| $221M | 0.17% |
538,650
-14,168
| -3% | -$5.82M |
|
133
Keysight
KEYS
$28.9B
| $220M | 0.16% |
1,421,816
-20,428
| -1% | -$3.15M |
|
134
Kroger
KR
$44.8B
| $219M | 0.16% |
5,723,259
-291,406
| -5% | -$11.2M |
|
135
Charter Communications
CHTR
$35.7B
| $216M | 0.16% |
299,716
-25,324
| -8% | -$18.3M |
|
|
136
Chubb
CB
$111B
| $216M | 0.16% |
1,356,916
-2,114,827
| -61% | -$336M |
|
137
WEC Energy
WEC
$34.7B
| $215M | 0.16% |
2,421,540
-21,033
| -0.9% | -$1.87M |
|
138
American Water Works
AWK
$28B
| $215M | 0.16% |
1,392,198
-10,317
| -0.7% | -$1.59M |
|
139
Micron Technology
MU
$147B
| $214M | 0.16% |
2,523,589
-41,007
| -2% | -$3.48M |
|
|
XYZ
140
Block, Inc.
XYZ
$45.7B
| $214M | 0.16% |
878,785
+26,342
| +3% | +$6.42M |
|
141
Eversource Energy
ES
$23.6B
| $211M | 0.16% |
2,626,243
-17,794
| -0.7% | -$1.43M |
|
142
Labcorp
LH
$23.2B
| $210M | 0.16% |
886,433
+6,011
| +0.7% | +$1.42M |
|
143
Lam Research
LRCX
$130B
| $210M | 0.16% |
3,220,500
-93,960
| -3% | -$6.11M |
|
144
Arthur J. Gallagher & Co
AJG
$76.7B
| $209M | 0.16% |
1,494,947
+8,691
| +0.6% | +$1.22M |
|
145
Mondelez International
MDLZ
$79.9B
| $208M | 0.16% |
3,337,320
-43,815
| -1% | -$2.74M |
|
146
West Pharmaceutical
WST
$18B
| $203M | 0.15% |
564,509
+15,114
| +3% | +$5.43M |
|
147
Booking.com
BKNG
$178B
| $202M | 0.15% |
92,416
-1,546
| -2% | -$3.38M |
|
148
Ball Corp
BALL
$13.9B
| $202M | 0.15% |
2,487,088
-19,883
| -0.8% | -$1.61M |
|
149
NetEase
NTES
$85B
| $201M | 0.15% |
1,742,468
-177,576
| -9% | -$20.5M |
|
150
Hershey
HSY
$37.6B
| $195M | 0.15% |
1,121,140
-20,831
| -2% | -$3.63M |
|