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 |
Apollo Global Management
APO
|
$635M |
| 2 |
Verizon
VZ
|
$198M |
| 3 |
EOG Resources
EOG
|
$105M |
| 4 |
Perrigo
PRGO
|
$46M |
| 5 |
Meta Platforms (Facebook)
META
|
$40.8M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
$35.3M |
| 3 |
Vodafone
VOD
|
$31.5M |
| 4 |
Voya Financial
VOYA
|
$30.5M |
| 5 |
Walmart
WMT
|
$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.11% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Norfolk Southern
NSC
$62.3B
| $95.4M | 0.14% |
1,001,691
+27,453
| +3% | +$2.62M |
|
152
Applied Materials
AMAT
$130B
| $95.4M | 0.14% |
4,806,184
-506,644
| -10% | -$10.1M |
|
153
Cummins
CMI
$55.1B
| $93.8M | 0.13% |
639,312
-39,700
| -6% | -$5.82M |
|
154
Cigna
CI
$81.5B
| $93.3M | 0.13% |
1,147,077
+66,436
| +6% | +$5.4M |
|
155
Ameriprise Financial
AMP
$46.1B
| $92.2M | 0.13% |
857,799
-10,087
| -1% | -$1.08M |
|
156
Illinois Tool Works
ITW
$77.6B
| $91.1M | 0.13% |
1,107,082
+500
| +0% | +$41.1K |
|
157
Marsh & McLennan
MMC
$100B
| $90.7M | 0.13% |
1,895,943
+91,573
| +5% | +$4.38M |
|
158
Enterprise Products Partners
EPD
$68.6B
| $89.8M | 0.13% |
2,527,200
-226,000
| -8% | -$8.03M |
|
159
Truist Financial
TFC
$60B
| $89M | 0.13% |
2,247,959
-5,822
| -0.3% | -$230K |
|
160
Stryker
SYK
$150B
| $88.2M | 0.13% |
1,084,910
+98,371
| +10% | +$7.99M |
|
161
NOV
NOV
$4.95B
| $87.5M | 0.13% |
1,242,725
-25,286
| -2% | -$1.78M |
|
162
Aflac
AFL
$57.2B
| $86.9M | 0.12% |
2,786,306
-90,200
| -3% | -$2.81M |
|
163
PACCAR
PCAR
$52B
| $86.8M | 0.12% |
1,985,496
+179,451
| +10% | +$7.84M |
|
|
KRFT
164
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $86.7M | 0.12% |
1,509,270
-30,091
| -2% | -$1.73M |
|
165
Charles Schwab
SCHW
$167B
| $86.5M | 0.12% |
3,368,431
-62,800
| -2% | -$1.61M |
|
166
American Electric Power
AEP
$57.8B
| $85.9M | 0.12% |
1,670,664
+16,379
| +1% | +$842K |
|
167
Becton Dickinson
BDX
$55.1B
| $85.9M | 0.12% |
773,825
-11,340
| -1% | -$1.26M |
|
168
Corning
GLW
$61B
| $85M | 0.12% |
4,045,111
-358,900
| -8% | -$7.54M |
|
169
Ecolab
ECL
$77.6B
| $84.4M | 0.12% |
802,062
+33,900
| +4% | +$3.57M |
|
170
VF Corp
VFC
$5.86B
| $84.2M | 0.12% |
1,495,222
+130,052
| +10% | +$7.32M |
|
171
Devon Energy
DVN
$22.1B
| $83.8M | 0.12% |
1,234,571
-29,000
| -2% | -$1.97M |
|
172
Cardinal Health
CAH
$35.7B
| $83.2M | 0.12% |
1,229,080
-148,800
| -11% | -$10.1M |
|
173
Marathon Petroleum
MPC
$54.8B
| $83M | 0.12% |
1,978,106
-100,988
| -5% | -$4.24M |
|
|
YHOO
174
DELISTED
Yahoo Inc
YHOO
| $82.7M | 0.12% |
2,444,400
-41,815
| -2% | -$1.41M |
|
|
STI
175
DELISTED
SunTrust Banks, Inc.
STI
| $82.3M | 0.12% |
2,108,668
-35,748
| -2% | -$1.4M |
|