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 |
Medtronic
MDT
|
$293M |
| 2 |
Visa
V
|
$274M |
| 3 |
AGN
Allergan plc
AGN
|
$103M |
| 4 |
Starbucks
SBUX
|
$102M |
| 5 |
Marathon Petroleum
MPC
|
$44.3M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$179M |
| 2 |
Wells Fargo
WFC
|
$127M |
| 3 |
Microsoft
MSFT
|
$113M |
| 4 |
Occidental Petroleum
OXY
|
$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Allstate
ALL
$53.6B
| $87.7M | 0.13% |
1,352,498
-359,466
| -21% | -$23.3M |
|
152
Marsh & McLennan
MMC
$101B
| $85.9M | 0.13% |
1,515,000
-370,820
| -20% | -$21M |
|
153
Aon
AON
$79.1B
| $85.3M | 0.13% |
855,380
+46,700
| +6% | +$4.66M |
|
|
MHFI
154
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $84.8M | 0.13% |
844,288
-23,894
| -3% | -$2.4M |
|
155
Intuit
INTU
$186B
| $84.5M | 0.13% |
838,600
+37,300
| +5% | +$3.76M |
|
156
Becton Dickinson
BDX
$55.3B
| $83.6M | 0.13% |
590,054
+43,364
| +8% | +$6.14M |
|
157
Liberty Global Class C
LBTYK
$4.07B
| $83.5M | 0.13% |
1,649,831
+51,400
| +3% | +$2.6M |
|
158
Humana
HUM
$36.5B
| $83M | 0.12% |
434,009
-245,293
| -36% | -$46.9M |
|
159
CME Group
CME
$96B
| $82.8M | 0.12% |
889,530
+63,400
| +8% | +$5.9M |
|
160
HCA Healthcare
HCA
$94.5B
| $81.6M | 0.12% |
900,000
-5,100
| -0.6% | -$463K |
|
161
Eaton
ETN
$136B
| $80.2M | 0.12% |
1,187,600
-71,337
| -6% | -$4.81M |
|
|
DFS
162
DELISTED
Discover Financial Services
DFS
| $80.1M | 0.12% |
1,389,356
-290,128
| -17% | -$16.7M |
|
163
Cardinal Health
CAH
$35.5B
| $79.4M | 0.12% |
949,760
-250,287
| -21% | -$20.9M |
|
164
Truist Financial
TFC
$60.4B
| $79M | 0.12% |
1,959,577
-108,746
| -5% | -$4.38M |
|
165
Ecolab
ECL
$78.6B
| $78.4M | 0.12% |
693,662
+40,600
| +6% | +$4.59M |
|
166
Alibaba
BABA
$322B
| $77.8M | 0.12% |
946,063
+340,200
| +56% | +$28M |
|
167
Illumina
ILMN
$15.8B
| $77.1M | 0.12% |
353,300
+7,885
| +2% | +$1.72M |
|
168
Cencora
COR
$56.5B
| $77.1M | 0.12% |
724,700
-118,692
| -14% | -$12.6M |
|
169
American Electric Power
AEP
$59.4B
| $77M | 0.12% |
1,452,953
-269,730
| -16% | -$14.3M |
|
170
Air Products & Chemicals
APD
$65.5B
| $76.9M | 0.12% |
562,360
-2,300
| -0.4% | -$315K |
|
|
BHI
171
DELISTED
Baker Hughes
BHI
| $76.6M | 0.12% |
1,241,883
-352,914
| -22% | -$21.8M |
|
172
Waste Management
WM
$91.2B
| $76.6M | 0.12% |
1,653,139
-16,400
| -1% | -$760K |
|
173
VF Corp
VFC
$5.91B
| $76.5M | 0.11% |
1,096,652
-4,240
| -0.4% | -$296K |
|
174
Aflac
AFL
$57.2B
| $76.3M | 0.11% |
1,226,298
-106,555
| -8% | -$6.63M |
|
175
Energy Transfer Partners
ET
$60.8B
| $76M | 0.11% |
1,184,800
+55,200
| +5% | +$3.54M |
|