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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
$141M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
$41.7M |
| 3 |
Exxon Mobil
XOM
|
$40.9M |
| 4 |
Intel
INTC
|
$17.3M |
| 5 |
News Corp Class A
NWSA
|
$16.8M |
Top Sells
| 1 |
FON
SPRINT CORP FON COM
FON
|
$64.4M |
| 2 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$49.4M |
| 3 |
BMC
BMC SOFTWARE, INC
BMC
|
$21.9M |
| 4 |
Leidos
LDOS
|
$17.8M |
| 5 |
Halliburton
HAL
|
$15.6M |
Sector Composition
| 1 | Financials | 15.33% |
| 2 | Technology | 13.34% |
| 3 | Healthcare | 11.9% |
| 4 | Industrials | 11.15% |
| 5 | Energy | 10.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Salesforce
CRM
$245B
| $69.6M | 0.13% |
1,341,468
+15,167
| +1% | +$787K |
|
|
DFS
152
DELISTED
Discover Financial Services
DFS
| $69.6M | 0.13% |
1,376,714
+28,440
| +2% | +$1.44M |
|
153
Charles Schwab
SCHW
$175B
| $69.5M | 0.13% |
3,288,732
+5,819
| +0.2% | +$123K |
|
154
Truist Financial
TFC
$59.8B
| $68.8M | 0.13% |
2,038,642
+64,177
| +3% | +$2.17M |
|
|
AGN
155
DELISTED
ALLERGAN INC
AGN
| $68.1M | 0.13% |
752,488
+8,152
| +1% | +$737K |
|
|
DELL
156
DELISTED
DELL INC
DELL
| $68M | 0.13% |
4,936,269
+53,821
| +1% | +$741K |
|
157
Las Vegas Sands
LVS
$38B
| $66.4M | 0.12% |
1,000,237
+14,359
| +1% | +$954K |
|
158
Applied Materials
AMAT
$124B
| $66.3M | 0.12% |
3,781,968
+124,368
| +3% | +$2.18M |
|
159
Ecolab
ECL
$77.5B
| $65.4M | 0.12% |
662,640
+7,817
| +1% | +$772K |
|
160
Williams Companies
WMB
$70.5B
| $65.4M | 0.12% |
1,799,752
+18,496
| +1% | +$673K |
|
161
PPG Industries
PPG
$24.6B
| $65M | 0.12% |
777,998
+4,302
| +0.6% | +$359K |
|
162
Cognizant
CTSH
$35.1B
| $64.7M | 0.12% |
1,575,142
+17,338
| +1% | +$712K |
|
163
Cummins
CMI
$54B
| $64.6M | 0.12% |
485,879
+6,427
| +1% | +$854K |
|
164
Kinder Morgan
KMI
$59.4B
| $62.5M | 0.12% |
1,758,013
-895
| -0.1% | -$31.8K |
|
165
CME Group
CME
$97.1B
| $62.3M | 0.12% |
843,700
+19,725
| +2% | +$1.46M |
|
166
Archer Daniels Midland
ADM
$29.7B
| $62.3M | 0.12% |
1,691,612
-34,326
| -2% | -$1.26M |
|
167
TE Connectivity
TEL
$60.9B
| $61.9M | 0.11% |
1,195,005
+10,984
| +0.9% | +$569K |
|
168
Air Products & Chemicals
APD
$64.8B
| $61.8M | 0.11% |
626,941
+7,000
| +1% | +$690K |
|
|
ALXN
169
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $61.3M | 0.11% |
527,325
+6,220
| +1% | +$723K |
|
|
PXD
170
DELISTED
Pioneer Natural Resource Co.
PXD
| $61.2M | 0.11% |
324,240
+3,645
| +1% | +$688K |
|
171
Aon
AON
$80.6B
| $60.8M | 0.11% |
816,248
+2,141
| +0.3% | +$159K |
|
172
Franklin Resources
BEN
$13.3B
| $60.7M | 0.11% |
1,199,858
-4,303
| -0.4% | -$218K |
|
|
NBL
173
DELISTED
Noble Energy, Inc.
NBL
| $59.8M | 0.11% |
892,098
+1,055
| +0.1% | +$70.7K |
|
174
Sempra
SRE
$53.7B
| $59.8M | 0.11% |
1,396,310
+6,556
| +0.5% | +$281K |
|
175
Marsh & McLennan
MMC
$101B
| $59.7M | 0.11% |
1,371,624
+17,452
| +1% | +$760K |
|