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 |
Chubb
CB
|
$44.4M |
| 2 |
Broadcom
AVGO
|
$40.5M |
| 3 |
Chevron
CVX
|
$28.4M |
| 4 |
Weyerhaeuser
WY
|
$27.2M |
| 5 |
Dentsply Sirona
XRAY
|
$21.1M |
Top Sells
| 1 |
CB
CHUBB CORPORATION
CB
|
$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
$37.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$35.7M |
Sector Composition
| 1 | Financials | 15.3% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 13.35% |
| 4 | Industrials | 10.85% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
TFCFA
151
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $80.6M | 0.13% |
2,890,159
-743,700
| -20% | -$20.7M |
|
152
CME Group
CME
$96.4B
| $80.1M | 0.13% |
833,530
-59,900
| -7% | -$5.75M |
|
153
Charles Schwab
SCHW
$177B
| $79.2M | 0.13% |
2,826,185
-233,500
| -8% | -$6.54M |
|
154
Aflac
AFL
$58.1B
| $78M | 0.13% |
2,470,196
+14,800
| +0.6% | +$467K |
|
155
Sysco
SYY
$39.5B
| $75.9M | 0.12% |
1,624,129
-17,000
| -1% | -$794K |
|
|
ALXN
156
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $75.7M | 0.12% |
543,791
-35,100
| -6% | -$4.89M |
|
157
Fiserv
FI
$74B
| $75.7M | 0.12% |
1,475,592
-32,000
| -2% | -$1.64M |
|
158
Ecolab
ECL
$78B
| $75.6M | 0.12% |
678,262
-21,900
| -3% | -$2.44M |
|
159
Public Service Enterprise Group
PEG
$40.8B
| $75.5M | 0.12% |
1,602,565
+36,400
| +2% | +$1.72M |
|
160
Southwest Airlines
LUV
$16.3B
| $75.3M | 0.12% |
1,680,424
-185,300
| -10% | -$8.3M |
|
161
Humana
HUM
$37.5B
| $74.9M | 0.12% |
409,609
-3,600
| -0.9% | -$659K |
|
|
MHFI
162
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $74.8M | 0.12% |
755,588
-39,500
| -5% | -$3.91M |
|
163
Air Products & Chemicals
APD
$64.5B
| $74.5M | 0.12% |
558,726
-21,836
| -4% | -$2.91M |
|
164
Crown Castle
CCI
$41.6B
| $74.2M | 0.12% |
857,472
-58,100
| -6% | -$5.03M |
|
165
Corning
GLW
$59.7B
| $73.8M | 0.12% |
3,534,886
-68,200
| -2% | -$1.42M |
|
166
HCA Healthcare
HCA
$96.3B
| $73.4M | 0.12% |
940,900
+94,800
| +11% | +$7.4M |
|
167
Cardinal Health
CAH
$35.7B
| $73.3M | 0.12% |
894,123
-85,837
| -9% | -$7.03M |
|
168
Sempra
SRE
$53.6B
| $72.5M | 0.12% |
1,393,070
-29,800
| -2% | -$1.55M |
|
169
Edison International
EIX
$21B
| $72.4M | 0.12% |
1,006,842
-4,800
| -0.5% | -$345K |
|
170
Regeneron Pharmaceuticals
REGN
$60.1B
| $70.9M | 0.11% |
196,800
-12,300
| -6% | -$4.43M |
|
171
Truist Financial
TFC
$60.7B
| $70.8M | 0.11% |
2,127,696
+28,500
| +1% | +$948K |
|
|
DFS
172
DELISTED
Discover Financial Services
DFS
| $70M | 0.11% |
1,375,256
+9,500
| +0.7% | +$484K |
|
173
Applied Materials
AMAT
$126B
| $69.8M | 0.11% |
3,294,490
-77,700
| -2% | -$1.65M |
|
174
Eaton
ETN
$136B
| $69.8M | 0.11% |
1,115,000
-32,400
| -3% | -$2.03M |
|
175
State Street
STT
$32.4B
| $69.7M | 0.11% |
1,190,770
-18,000
| -1% | -$1.05M |
|