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 |
Kinder Morgan
KMI
|
$115M |
| 2 |
Enterprise Products Partners
EPD
|
$52.3M |
| 3 |
Teva Pharmaceuticals
TEVA
|
$41.2M |
| 4 |
Alibaba
BABA
|
$36.6M |
| 5 |
Annaly Capital Management
NLY
|
$27.7M |
Top Sells
| 1 |
Apple
AAPL
|
$207M |
| 2 |
Medtronic
MDT
|
$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
$114M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$77.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$72.9M |
Sector Composition
| 1 | Financials | 15.53% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.55% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
United Airlines
UAL
$34.9B
| $98.4M | 0.14% |
1,370,869
+34,274
| +3% | +$2.46M |
|
152
Johnson Controls International
JCI
$69.7B
| $97.5M | 0.13% |
2,002,772
+100,224
| +5% | +$4.88M |
|
153
Charles Schwab
SCHW
$176B
| $97M | 0.13% |
3,616,285
+396,406
| +12% | +$10.6M |
|
154
PPG Industries
PPG
$24.7B
| $94.9M | 0.13% |
840,134
-8,974
| -1% | -$1.01M |
|
155
Edison International
EIX
$21B
| $94.9M | 0.13% |
1,388,165
+92,511
| +7% | +$6.32M |
|
|
BHI
156
DELISTED
Baker Hughes
BHI
| $94.6M | 0.13% |
1,594,797
+196,981
| +14% | +$11.7M |
|
157
PACCAR
PCAR
$51.1B
| $94.2M | 0.13% |
2,202,759
+263,146
| +14% | +$11.2M |
|
|
DFS
158
DELISTED
Discover Financial Services
DFS
| $93.6M | 0.13% |
1,679,484
-352,167
| -17% | -$19.6M |
|
|
SPLS
159
DELISTED
Staples Inc
SPLS
| $93.6M | 0.13% |
5,533,156
+1,439,065
| +35% | +$24.3M |
|
160
Norfolk Southern
NSC
$62.7B
| $92.2M | 0.13% |
885,207
-95,884
| -10% | -$9.99M |
|
161
Deere & Co
DE
$127B
| $91.8M | 0.13% |
1,067,352
+9,900
| +0.9% | +$852K |
|
162
Stryker
SYK
$151B
| $89.9M | 0.12% |
973,589
-84,727
| -8% | -$7.82M |
|
163
Public Service Enterprise Group
PEG
$40.6B
| $89.1M | 0.12% |
2,034,765
+336,900
| +20% | +$14.7M |
|
|
PARA
164
DELISTED
Paramount Global Class B
PARA
| $89M | 0.12% |
1,559,370
+222,527
| +17% | +$12.7M |
|
|
CB
165
DELISTED
CHUBB CORPORATION
CB
| $88.9M | 0.12% |
867,167
+112,320
| +15% | +$11.5M |
|
166
Micron Technology
MU
$135B
| $88.9M | 0.12% |
2,997,304
+12,530
| +0.4% | +$372K |
|
167
Waste Management
WM
$90.6B
| $88.7M | 0.12% |
1,669,539
+41,300
| +3% | +$2.19M |
|
168
Vertex Pharmaceuticals
VRTX
$101B
| $88.4M | 0.12% |
714,953
-32,733
| -4% | -$4.05M |
|
169
Cummins
CMI
$54.6B
| $88.3M | 0.12% |
620,453
+84,439
| +16% | +$12M |
|
170
Southwest Airlines
LUV
$16.7B
| $88.2M | 0.12% |
1,922,470
-230,420
| -11% | -$10.6M |
|
171
Sempra
SRE
$53.2B
| $87.7M | 0.12% |
1,531,470
+17,200
| +1% | +$985K |
|
172
Public Storage
PSA
$50.8B
| $87.6M | 0.12% |
428,117
-14,600
| -3% | -$2.99M |
|
173
Macy's
M
$4.49B
| $84.9M | 0.12% |
1,295,847
+142,600
| +12% | +$9.34M |
|
174
Marathon Petroleum
MPC
$54.8B
| $84.3M | 0.12% |
1,900,658
+56,396
| +3% | +$2.5M |
|
175
FirstEnergy
FE
$25B
| $84.1M | 0.12% |
2,043,766
+200,188
| +11% | +$8.23M |
|