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 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
Intuitive Surgical
ISRG
|
$179M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Arthur J. Gallagher & Co
AJG
$77.6B
| $256M | 0.17% |
1,510,685
-5,600
| -0.4% | -$950K |
|
127
Public Service Enterprise Group
PEG
$40.8B
| $256M | 0.17% |
3,829,712
-84,737
| -2% | -$5.65M |
|
128
Elevance Health
ELV
$72.6B
| $254M | 0.17% |
548,688
-20,473
| -4% | -$9.49M |
|
129
Kroger
KR
$45.4B
| $248M | 0.17% |
5,475,386
-233,810
| -4% | -$10.6M |
|
130
S&P Global
SPGI
$165B
| $243M | 0.16% |
515,143
-19,264
| -4% | -$9.09M |
|
131
Caterpillar
CAT
$195B
| $242M | 0.16% |
1,170,795
-61,107
| -5% | -$12.6M |
|
132
Allstate
ALL
$53.6B
| $237M | 0.16% |
2,013,382
-334,116
| -14% | -$39.3M |
|
133
Eversource Energy
ES
$23.6B
| $237M | 0.16% |
2,599,593
-50,357
| -2% | -$4.58M |
|
134
Ball Corp
BALL
$13.9B
| $236M | 0.16% |
2,447,882
-54,951
| -2% | -$5.29M |
|
135
Micron Technology
MU
$133B
| $232M | 0.16% |
2,493,132
-96,990
| -4% | -$9.03M |
|
136
Republic Services
RSG
$72.8B
| $232M | 0.16% |
1,664,015
-44,626
| -3% | -$6.22M |
|
137
WEC Energy
WEC
$34.1B
| $232M | 0.16% |
2,390,516
-51,676
| -2% | -$5.02M |
|
138
Sempra
SRE
$54.1B
| $231M | 0.15% |
1,743,316
-27,819
| -2% | -$3.68M |
|
139
Consolidated Edison
ED
$35.1B
| $226M | 0.15% |
2,649,880
-14,059
| -0.5% | -$1.2M |
|
140
SBA Communications
SBAC
$21.7B
| $225M | 0.15% |
579,534
+15,349
| +3% | +$5.97M |
|
141
American Express
AXP
$230B
| $223M | 0.15% |
1,361,552
-88,208
| -6% | -$14.4M |
|
142
Extra Space Storage
EXR
$29.9B
| $223M | 0.15% |
981,454
-37,167
| -4% | -$8.43M |
|
143
GE Aerospace
GE
$292B
| $221M | 0.15% |
2,336,944
-106,608
| -4% | -$10.1M |
|
144
Lam Research
LRCX
$123B
| $219M | 0.15% |
305,114
-14,652
| -5% | -$10.5M |
|
145
Booking.com
BKNG
$178B
| $215M | 0.14% |
89,524
-2,759
| -3% | -$6.62M |
|
146
Hershey
HSY
$37.7B
| $214M | 0.14% |
1,105,282
-30,520
| -3% | -$5.9M |
|
147
Mondelez International
MDLZ
$80B
| $209M | 0.14% |
3,148,464
-202,661
| -6% | -$13.4M |
|
148
Boeing
BA
$179B
| $207M | 0.14% |
1,029,041
-162,236
| -14% | -$32.7M |
|
149
Deere & Co
DE
$129B
| $207M | 0.14% |
602,946
-30,557
| -5% | -$10.5M |
|
150
ConocoPhillips
COP
$124B
| $206M | 0.14% |
2,851,269
-170,255
| -6% | -$12.3M |
|