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 |
Apple
AAPL
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
L3Harris
LHX
$51.9B
| $213M | 0.18% | 1,021,924 -43,591 | -4% | -$9.08M |
|
127
Keurig Dr Pepper
KDP
$39.5B
| $210M | 0.18% | 5,893,714 +1,271,831 | +28% | +$45.4M |
|
128
Keysight
KEYS
$28.1B
| $208M | 0.18% | 1,215,017 -78,584 | -6% | -$13.4M |
|
129
TJX Companies
TJX
$152B
| $207M | 0.18% | 2,606,166 -37,761 | -1% | -$3.01M |
|
130
Intuitive Surgical
ISRG
$170B
| $207M | 0.18% | 779,853 -25,045 | -3% | -$6.65M |
|
131
Chubb
CB
$110B
| $207M | 0.18% | 936,577 -3,560 | -0.4% | -$785K |
|
132
GE Aerospace
GE
$292B
| $205M | 0.18% | 2,451,725 -34,251 | -1% | -$2.87M |
|
133
Analog Devices
ADI
$124B
| $204M | 0.17% | 1,245,654 -20,101 | -2% | -$3.3M |
|
134
WEC Energy
WEC
$34.3B
| $202M | 0.17% | 2,150,968 -100,578 | -4% | -$9.43M |
|
135
Fidelity National Information Services
FIS
$36.5B
| $201M | 0.17% | 2,965,877 +169,893 | +6% | +$11.5M |
|
136
Public Service Enterprise Group
PEG
$41.1B
| $201M | 0.17% | 3,279,963 -220,338 | -6% | -$13.5M |
|
137
American Express
AXP
$231B
| $201M | 0.17% | 1,357,743 -14,441 | -1% | -$2.13M |
|
138
Cognizant
CTSH
$35.3B
| $198M | 0.17% | 3,456,511 -226,375 | -6% | -$12.9M |
|
139
Kroger
KR
$44.9B
| $196M | 0.17% | 4,394,838 -219,590 | -5% | -$9.79M |
|
140
Applied Materials
AMAT
$128B
| $194M | 0.17% | 1,995,885 -7,140 | -0.4% | -$695K |
|
141
Boeing
BA
$177B
| $194M | 0.17% | 1,016,111 -101,822 | -9% | -$19.4M |
|
142
Eversource Energy
ES
$23.8B
| $193M | 0.16% | 2,298,044 -147,352 | -6% | -$12.4M |
|
143
Stryker
SYK
$150B
| $192M | 0.16% | 787,283 -146 | -0% | -$35.7K |
|
144
American Water Works
AWK
$28B
| $187M | 0.16% | 1,229,364 -62,457 | -5% | -$9.52M |
|
145
Booking.com
BKNG
$181B
| $185M | 0.16% | 91,552 +1,344 | +1% | +$2.71M |
|
146
Humana
HUM
$36.5B
| $183M | 0.16% | 356,494 +65,176 | +22% | +$33.4M |
|
147
Republic Services
RSG
$73B
| $182M | 0.16% | 1,414,440 -113,744 | -7% | -$14.7M |
|
148
Fastenal
FAST
$57B
| $181M | 0.15% | 3,833,077 -269,853 | -7% | -$12.8M |
|
149
PayPal
PYPL
$67.1B
| $179M | 0.15% | 2,518,294 -92,438 | -4% | -$6.58M |
|
150
EOG Resources
EOG
$68.2B
| $176M | 0.15% | 1,359,192 +13,198 | +1% | +$1.71M |
|