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 |
TE Connectivity
TEL
|
$156M |
| 2 |
Microsoft
MSFT
|
$154M |
| 3 |
Oracle
ORCL
|
$104M |
| 4 |
Apple
AAPL
|
$99.8M |
| 5 |
Texas Instruments
TXN
|
$98.1M |
Top Sells
| 1 |
Amazon
AMZN
|
$363M |
| 2 |
Accenture
ACN
|
$352M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$313M |
| 4 |
Charter Communications
CHTR
|
$159M |
| 5 |
Danaher
DHR
|
$150M |
Sector Composition
| 1 | Technology | 28.02% |
| 2 | Healthcare | 14.96% |
| 3 | Financials | 11.83% |
| 4 | Consumer Discretionary | 9.76% |
| 5 | Consumer Staples | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Goldman Sachs
GS
$226B
| $202M | 0.17% |
627,222
-28,478
| -4% | -$9.19M |
|
127
Booking.com
BKNG
$181B
| $201M | 0.17% |
74,575
-4,368
| -6% | -$11.8M |
|
128
Consolidated Edison
ED
$35.2B
| $197M | 0.17% |
2,179,492
-80,313
| -4% | -$7.26M |
|
129
CVS Health
CVS
$93.3B
| $196M | 0.17% |
2,837,204
-130,868
| -4% | -$9.05M |
|
130
Newmont
NEM
$82.4B
| $196M | 0.17% |
4,597,004
-38,882
| -0.8% | -$1.66M |
|
131
Republic Services
RSG
$73.1B
| $195M | 0.17% |
1,272,037
-38,048
| -3% | -$5.83M |
|
132
Public Service Enterprise Group
PEG
$40.7B
| $192M | 0.16% |
3,061,887
-34,380
| -1% | -$2.15M |
|
133
American Express
AXP
$230B
| $190M | 0.16% |
1,090,752
-62,514
| -5% | -$10.9M |
|
134
Blackrock
BLK
$172B
| $189M | 0.16% |
273,691
-14,882
| -5% | -$10.3M |
|
135
Kroger
KR
$44.8B
| $188M | 0.16% |
3,994,856
-109,618
| -3% | -$5.15M |
|
136
Humana
HUM
$37.6B
| $186M | 0.16% |
416,617
+37,848
| +10% | +$16.9M |
|
137
Cadence Design Systems
CDNS
$95.3B
| $185M | 0.16% |
789,153
+91,913
| +13% | +$21.6M |
|
138
TJX Companies
TJX
$157B
| $185M | 0.16% |
2,176,580
-97,762
| -4% | -$8.29M |
|
139
L3Harris
LHX
$51.1B
| $184M | 0.16% |
941,993
-19,362
| -2% | -$3.79M |
|
140
Verisk Analytics
VRSK
$37.7B
| $182M | 0.16% |
806,840
+10,864
| +1% | +$2.46M |
|
141
Kraft Heinz
KHC
$32B
| $182M | 0.16% |
5,125,450
+942,558
| +23% | +$33.5M |
|
|
VMW
142
DELISTED
VMware, Inc
VMW
| $182M | 0.16% |
1,264,871
+456,648
| +57% | +$65.6M |
|
143
WEC Energy
WEC
$34.5B
| $174M | 0.15% |
1,969,896
-55,522
| -3% | -$4.9M |
|
144
3M
MMM
$82.5B
| $174M | 0.15% |
2,076,694
-57,302
| -3% | -$4.8M |
|
145
Allstate
ALL
$54.8B
| $174M | 0.15% |
1,593,592
-40,689
| -2% | -$4.44M |
|
146
Keurig Dr Pepper
KDP
$39.7B
| $172M | 0.15% |
5,498,219
+400,509
| +8% | +$12.5M |
|
147
Synopsys
SNPS
$111B
| $170M | 0.15% |
390,888
+86,653
| +28% | +$37.7M |
|
148
Lam Research
LRCX
$128B
| $169M | 0.15% |
2,633,870
-126,770
| -5% | -$8.15M |
|
149
American Water Works
AWK
$27.6B
| $165M | 0.14% |
1,158,526
-11,073
| -0.9% | -$1.58M |
|
150
Constellation Brands
STZ
$25.8B
| $164M | 0.14% |
667,180
-601
| -0.1% | -$148K |
|