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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$69.3M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$60.2M |
| 3 |
DXC Technology
DXC
|
$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
$47.5M |
| 5 |
Amazon
AMZN
|
$46.9M |
Top Sells
| 1 |
YHOO
Yahoo Inc
YHOO
|
$170M |
| 2 |
Zoetis
ZTS
|
$75.8M |
| 3 |
Yum! Brands
YUM
|
$69M |
| 4 |
Xerox
XRX
|
$63.2M |
| 5 |
Wells Fargo
WFC
|
$49.2M |
Sector Composition
| 1 | Financials | 17.92% |
| 2 | Technology | 15.12% |
| 3 | Healthcare | 13.25% |
| 4 | Industrials | 10.86% |
| 5 | Consumer Discretionary | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Southwest Airlines
LUV
$16.7B
| $84.5M | 0.14% |
1,360,000
-53,600
| -4% | -$3.33M |
|
152
HP
HPQ
$26.4B
| $83.5M | 0.13% |
4,775,864
-304,300
| -6% | -$5.32M |
|
153
Norfolk Southern
NSC
$61.7B
| $83.4M | 0.13% |
685,431
-9,300
| -1% | -$1.13M |
|
154
Delta Air Lines
DAL
$39.5B
| $83.2M | 0.13% |
1,548,700
+43,200
| +3% | +$2.32M |
|
155
Kinder Morgan
KMI
$59.2B
| $83.1M | 0.13% |
4,336,736
-142,600
| -3% | -$2.73M |
|
156
Johnson Controls International
JCI
$69.1B
| $83M | 0.13% |
1,914,104
-4,400
| -0.2% | -$191K |
|
157
Halliburton
HAL
$19.1B
| $82.8M | 0.13% |
1,938,149
-84,400
| -4% | -$3.6M |
|
158
Humana
HUM
$37.4B
| $82.7M | 0.13% |
343,809
+10,100
| +3% | +$2.43M |
|
159
Aflac
AFL
$56.2B
| $82.5M | 0.13% |
1,061,798
-1,000
| -0.1% | -$77.7K |
|
160
McKesson
MCK
$85.9B
| $82.4M | 0.13% |
500,876
-2,000
| -0.4% | -$329K |
|
161
eBay
EBAY
$40.9B
| $82.2M | 0.13% |
2,353,054
+49,600
| +2% | +$1.73M |
|
162
Marriott International Class A Common Stock
MAR
$71.1B
| $81.9M | 0.13% |
816,540
+18,200
| +2% | +$1.83M |
|
163
American Electric Power
AEP
$58.9B
| $80.5M | 0.13% |
1,159,153
-31,400
| -3% | -$2.18M |
|
164
General Mills
GIS
$26.2B
| $80.3M | 0.13% |
1,449,664
+49,100
| +4% | +$2.72M |
|
165
Enterprise Products Partners
EPD
$69.1B
| $80.3M | 0.13% |
2,964,950
-19,600
| -0.7% | -$531K |
|
166
Intuitive Surgical
ISRG
$167B
| $80.2M | 0.13% |
85,700
-2,100
| -2% | -$1.96M |
|
|
167
Zoetis
ZTS
$67.3B
| $77.3M | 0.12% |
1,239,900
-1,215,800
| -50% | -$75.8M |
|
168
Eaton
ETN
$133B
| $77.3M | 0.12% |
993,300
+24,300
| +3% | +$1.89M |
|
169
Boston Scientific
BSX
$157B
| $77M | 0.12% |
2,776,820
+1,400
| +0.1% | +$38.8K |
|
170
Marathon Petroleum
MPC
$54.2B
| $76.1M | 0.12% |
1,454,234
-115,000
| -7% | -$6.02M |
|
171
Corning
GLW
$58.2B
| $76.1M | 0.12% |
2,532,086
-211,900
| -8% | -$6.37M |
|
172
HCA Healthcare
HCA
$94.8B
| $75.3M | 0.12% |
864,000
-34,700
| -4% | -$3.03M |
|
173
Intuit
INTU
$184B
| $74.7M | 0.12% |
562,300
-11,100
| -2% | -$1.47M |
|
174
TE Connectivity
TEL
$59.9B
| $74.2M | 0.12% |
943,405
-15,700
| -2% | -$1.24M |
|
175
Crown Castle
CCI
$43B
| $73.9M | 0.12% |
737,600
+17,200
| +2% | +$1.72M |
|