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 |
Exxon Mobil
XOM
|
$1.12B |
| 2 |
Apple
AAPL
|
$961M |
| 3 |
Microsoft
MSFT
|
$719M |
| 4 |
GE Aerospace
GE
|
$679M |
| 5 |
Johnson & Johnson
JNJ
|
$661M |
Top Sells
Sector Composition
| 1 | Financials | 15.68% |
| 2 | Technology | 13.22% |
| 3 | Healthcare | 11.84% |
| 4 | Industrials | 10.81% |
| 5 | Energy | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
DFS
151
DELISTED
Discover Financial Services
DFS
| $64.2M | 0.13% |
+1,348,274
| New | +$64.2M |
|
|
HES
152
DELISTED
Hess
HES
| $62.9M | 0.13% |
+945,321
| New | +$62.9M |
|
|
AGN
153
DELISTED
ALLERGAN INC
AGN
| $62.7M | 0.13% |
+744,336
| New | +$62.7M |
|
154
CME Group
CME
$97.1B
| $62.6M | 0.13% |
+823,975
| New | +$62.6M |
|
|
YHOO
155
DELISTED
Yahoo Inc
YHOO
| $62.3M | 0.13% |
+2,480,184
| New | +$62.3M |
|
156
Devon Energy
DVN
$22.3B
| $61.5M | 0.12% |
+1,184,506
| New | +$61.5M |
|
157
Kroger
KR
$45.1B
| $61.4M | 0.12% |
+3,554,860
| New | +$61.4M |
|
158
Baidu
BIDU
$33.1B
| $61.2M | 0.12% |
+647,726
| New | +$61.2M |
|
159
American Electric Power
AEP
$58.8B
| $59.7M | 0.12% |
+1,332,707
| New | +$59.7M |
|
160
PG&E
PCG
$33.7B
| $58.7M | 0.12% |
+1,284,509
| New | +$58.7M |
|
|
SE
161
DELISTED
Spectra Energy Corp Wi
SE
| $58.7M | 0.12% |
+1,703,606
| New | +$58.7M |
|
162
Archer Daniels Midland
ADM
$29.7B
| $58.5M | 0.12% |
+1,725,938
| New | +$58.5M |
|
163
Williams Companies
WMB
$70.5B
| $57.8M | 0.12% |
+1,781,256
| New | +$57.8M |
|
164
Valero Energy
VLO
$48.3B
| $57.4M | 0.12% |
+1,652,080
| New | +$57.4M |
|
165
Lumen
LUMN
$4.84B
| $57.2M | 0.11% |
+1,617,826
| New | +$57.2M |
|
166
Sysco
SYY
$38.8B
| $57.2M | 0.11% |
+1,673,727
| New | +$57.2M |
|
167
Crown Castle
CCI
$42.3B
| $57.1M | 0.11% |
+788,217
| New | +$57.1M |
|
168
Sempra
SRE
$53.7B
| $56.8M | 0.11% |
+1,389,754
| New | +$56.8M |
|
169
PPG Industries
PPG
$24.6B
| $56.6M | 0.11% |
+773,696
| New | +$56.6M |
|
170
Corning
GLW
$59.4B
| $56.5M | 0.11% |
+3,968,612
| New | +$56.5M |
|
171
Cigna
CI
$80.2B
| $56.4M | 0.11% |
+778,611
| New | +$56.4M |
|
172
Becton Dickinson
BDX
$54.3B
| $56.1M | 0.11% |
+582,262
| New | +$56.1M |
|
173
Ecolab
ECL
$77.5B
| $55.8M | 0.11% |
+654,823
| New | +$55.8M |
|
174
Public Storage
PSA
$51.2B
| $55.3M | 0.11% |
+360,923
| New | +$55.3M |
|
175
Waste Management
WM
$90.4B
| $55.3M | 0.11% |
+1,371,836
| New | +$55.3M |
|