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 |
Amazon
AMZN
|
$1.88B |
| 2 |
IBM
IBM
|
$170M |
| 3 |
Mondelez International
MDLZ
|
$92M |
| 4 |
Warner Bros
WBD
|
$86.5M |
| 5 |
Roper Technologies
ROP
|
$82.7M |
Top Sells
| 1 |
Apple
AAPL
|
$242M |
| 2 |
Microsoft
MSFT
|
$207M |
| 3 |
CERN
Cerner Corp
CERN
|
$180M |
| 4 |
Visa
V
|
$126M |
| 5 |
Cisco
CSCO
|
$110M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Northrop Grumman
NOC
$84.5B
| $189M | 0.18% |
395,641
+28,718
| +8% | +$13.7M |
|
127
Old Dominion Freight Line
ODFL
$31.7B
| $187M | 0.18% |
729,840
-12,094
| -2% | -$3.1M |
|
128
Keysight
KEYS
$28.1B
| $185M | 0.17% |
1,345,177
-26,329
| -2% | -$3.63M |
|
129
ServiceNow
NOW
$190B
| $185M | 0.17% |
389,451
-17,654
| -4% | -$8.39M |
|
130
Caterpillar
CAT
$196B
| $184M | 0.17% |
1,027,523
-65,315
| -6% | -$11.7M |
|
131
Charles Schwab
SCHW
$174B
| $183M | 0.17% |
2,893,796
-135,478
| -4% | -$8.56M |
|
132
DTE Energy
DTE
$28.4B
| $181M | 0.17% |
1,427,951
-25,697
| -2% | -$3.26M |
|
133
SBA Communications
SBAC
$22B
| $179M | 0.17% |
560,384
-9,506
| -2% | -$3.04M |
|
134
Netflix
NFLX
$513B
| $176M | 0.16% |
1,006,964
-166,652
| -14% | -$29.1M |
|
135
Citigroup
C
$178B
| $176M | 0.16% |
3,826,434
-172,119
| -4% | -$7.92M |
|
136
Waste Connections
WCN
$47.5B
| $171M | 0.16% |
1,383,241
-12,400
| -0.9% | -$1.54M |
|
137
Blackrock
BLK
$175B
| $171M | 0.16% |
280,717
-12,762
| -4% | -$7.77M |
|
138
Ameren
AEE
$27B
| $169M | 0.16% |
1,874,352
-53,293
| -3% | -$4.82M |
|
139
Prologis
PLD
$106B
| $169M | 0.16% |
1,439,024
-65,044
| -4% | -$7.65M |
|
140
Church & Dwight Co
CHD
$22.7B
| $168M | 0.16% |
1,815,495
-29,587
| -2% | -$2.74M |
|
141
Entergy
ETR
$39.3B
| $165M | 0.15% |
1,469,122
-32,589
| -2% | -$3.67M |
|
142
West Pharmaceutical
WST
$17.8B
| $165M | 0.15% |
544,944
-8,435
| -2% | -$2.55M |
|
143
Cigna
CI
$80.3B
| $164M | 0.15% |
620,719
-47,997
| -7% | -$12.6M |
|
144
American Express
AXP
$231B
| $162M | 0.15% |
1,170,895
-80,620
| -6% | -$11.2M |
|
145
Deere & Co
DE
$129B
| $161M | 0.15% |
538,950
-26,005
| -5% | -$7.79M |
|
146
Ball Corp
BALL
$14.3B
| $160M | 0.15% |
2,333,420
-59,070
| -2% | -$4.06M |
|
147
Chubb
CB
$110B
| $160M | 0.15% |
811,614
-53,165
| -6% | -$10.5M |
|
148
Applied Materials
AMAT
$128B
| $156M | 0.15% |
1,717,476
-97,939
| -5% | -$8.91M |
|
149
PayPal
PYPL
$67.1B
| $156M | 0.15% |
2,232,921
-124,421
| -5% | -$8.69M |
|
|
DRE
150
DELISTED
Duke Realty Corp.
DRE
| $153M | 0.14% |
2,779,361
-5,621
| -0.2% | -$309K |
|