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
|
$1.51B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$495M |
| 3 |
Union Pacific
UNP
|
$137M |
| 4 |
CELG
Celgene Corp
CELG
|
$116M |
| 5 |
Comcast
CMCSA
|
$73.1M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$67.3M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$65.9M |
| 3 |
Synovus
SNV
|
$55.9M |
| 4 |
Exxon Mobil
XOM
|
$36.8M |
| 5 |
WFT
Weatherford International plc
WFT
|
$36.7M |
Sector Composition
| 1 | Financials | 15.85% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 12.47% |
| 4 | Industrials | 10.95% |
| 5 | Energy | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Ameriprise Financial
AMP
$48.1B
| $101M | 0.14% |
845,597
-12,202
| -1% | -$1.46M |
|
152
NOV
NOV
$4.86B
| $101M | 0.14% |
1,231,182
+110,600
| +10% | +$9.11M |
|
153
General Mills
GIS
$26.3B
| $101M | 0.14% |
1,917,927
-134,130
| -7% | -$7.05M |
|
154
American Electric Power
AEP
$58.8B
| $100M | 0.14% |
1,798,283
+127,619
| +8% | +$7.12M |
|
155
Williams Companies
WMB
$69.7B
| $99M | 0.13% |
1,701,135
+14,100
| +0.8% | +$821K |
|
|
ALXN
156
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $98.3M | 0.13% |
629,309
-127,745
| -17% | -$20M |
|
157
Micron Technology
MU
$131B
| $98.3M | 0.13% |
2,983,168
+221,610
| +8% | +$7.3M |
|
|
RTN
158
DELISTED
Raytheon Company
RTN
| $97.7M | 0.13% |
1,059,192
+6,145
| +0.6% | +$567K |
|
159
Illinois Tool Works
ITW
$76.2B
| $97.5M | 0.13% |
1,113,982
+6,900
| +0.6% | +$604K |
|
160
Northrop Grumman
NOC
$84.3B
| $97.1M | 0.13% |
812,067
-4,800
| -0.6% | -$574K |
|
161
Devon Energy
DVN
$23.1B
| $96.8M | 0.13% |
1,218,971
-15,600
| -1% | -$1.24M |
|
162
Deere & Co
DE
$128B
| $96.3M | 0.13% |
1,063,465
-13,898
| -1% | -$1.26M |
|
163
Cummins
CMI
$54.2B
| $93.3M | 0.13% |
604,892
-34,420
| -5% | -$5.31M |
|
|
KRFT
164
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $92.8M | 0.13% |
1,547,870
+38,600
| +3% | +$2.31M |
|
|
PXD
165
DELISTED
Pioneer Natural Resource Co.
PXD
| $91.9M | 0.12% |
399,690
+7,122
| +2% | +$1.64M |
|
166
Humana
HUM
$37.4B
| $91.5M | 0.12% |
716,314
+64,393
| +10% | +$8.22M |
|
167
Truist Financial
TFC
$59.4B
| $90.5M | 0.12% |
2,295,973
+48,014
| +2% | +$1.89M |
|
168
Corning
GLW
$58.2B
| $90.5M | 0.12% |
4,121,711
+76,600
| +2% | +$1.68M |
|
169
Ecolab
ECL
$77.9B
| $90.1M | 0.12% |
809,062
+7,000
| +0.9% | +$779K |
|
170
Kroger
KR
$45.3B
| $90.1M | 0.12% |
1,821,933
+3,009
| +0.2% | +$149K |
|
171
Aflac
AFL
$56.3B
| $89.5M | 0.12% |
1,438,053
+44,900
| +3% | +$2.8M |
|
172
Stryker
SYK
$149B
| $89M | 0.12% |
1,055,176
-29,734
| -3% | -$2.51M |
|
173
Charles Schwab
SCHW
$173B
| $88.8M | 0.12% |
3,298,474
-69,957
| -2% | -$1.88M |
|
174
Broadcom
AVGO
$1.39T
| $88.2M | 0.12% |
1,223,576
-37,194
| -3% | -$2.68M |
|
175
Cardinal Health
CAH
$35.8B
| $86.9M | 0.12% |
1,267,500
+38,420
| +3% | +$2.63M |
|