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
|
$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$224M |
| 3 |
Aflac
AFL
|
$52.6M |
| 4 |
Fiserv
FI
|
$36.2M |
| 5 |
JOBS
51job, Inc.
JOBS
|
$26.8M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$312M |
| 2 |
Amazon
AMZN
|
$153M |
| 3 |
Johnson & Johnson
JNJ
|
$75.8M |
| 4 |
Microsoft
MSFT
|
$69.7M |
| 5 |
Honeywell
HON
|
$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.6% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
eBay
EBAY
$41.4B
| $96.6M | 0.14% |
2,400,523
-24,147
| -1% | -$972K |
|
152
Progressive
PGR
$145B
| $96.1M | 0.14% |
1,577,207
-84,888
| -5% | -$5.17M |
|
153
Exelon
EXC
$44.1B
| $96.1M | 0.14% |
2,463,251
-594,797
| -19% | -$23.2M |
|
154
Aon
AON
$79.1B
| $95.1M | 0.14% |
677,343
-15,946
| -2% | -$2.24M |
|
155
Allstate
ALL
$53.6B
| $94.2M | 0.13% |
993,875
-130,939
| -12% | -$12.4M |
|
156
TE Connectivity
TEL
$61B
| $94.2M | 0.13% |
942,510
-38,613
| -4% | -$3.86M |
|
157
Eaton
ETN
$136B
| $93.7M | 0.13% |
1,173,136
+68,428
| +6% | +$5.47M |
|
158
Halliburton
HAL
$19.4B
| $93M | 0.13% |
1,981,932
-146,019
| -7% | -$6.85M |
|
|
STI
159
DELISTED
SunTrust Banks, Inc.
STI
| $92.8M | 0.13% |
1,364,309
-143,864
| -10% | -$9.79M |
|
160
Marriott International Class A Common Stock
MAR
$72.7B
| $92.4M | 0.13% |
679,347
-38,954
| -5% | -$5.3M |
|
161
Delta Air Lines
DAL
$40.3B
| $90.9M | 0.13% |
1,658,366
+64,279
| +4% | +$3.52M |
|
162
Constellation Brands
STZ
$28.5B
| $90M | 0.13% |
395,016
+3,659
| +0.9% | +$834K |
|
163
Lam Research
LRCX
$127B
| $88.6M | 0.13% |
435,961
+4,344
| +1% | +$883K |
|
164
Vertex Pharmaceuticals
VRTX
$100B
| $87.6M | 0.12% |
537,361
-45,876
| -8% | -$7.48M |
|
165
NXP Semiconductors
NXPI
$59.2B
| $86.1M | 0.12% |
735,820
+8,111
| +1% | +$949K |
|
166
Estee Lauder
EL
$33B
| $85.9M | 0.12% |
573,613
+45,365
| +9% | +$6.79M |
|
167
Electronic Arts
EA
$43B
| $82.9M | 0.12% |
683,375
-98,321
| -13% | -$11.9M |
|
168
HCA Healthcare
HCA
$94.5B
| $82.4M | 0.12% |
849,588
-9,320
| -1% | -$904K |
|
169
Southwest Airlines
LUV
$17.3B
| $81.7M | 0.12% |
1,426,589
+151,239
| +12% | +$8.66M |
|
170
Hewlett Packard
HPE
$29.6B
| $81.4M | 0.12% |
4,641,514
+114,162
| +3% | +$2M |
|
171
Public Storage
PSA
$51.7B
| $81.2M | 0.12% |
405,358
-7,841
| -2% | -$1.57M |
|
172
McKesson
MCK
$85.4B
| $81M | 0.12% |
575,180
+47,937
| +9% | +$6.75M |
|
|
173
Alphabet (Google) Class C
GOOG
$2.58T
| $79.8M | 0.11% |
77,380
-302,343
| -80% | -$312M |
|
174
Unilever
UL
$155B
| $79.8M | 0.11% |
1,436,000
| – | – |
|
175
Ecolab
ECL
$78.6B
| $79.6M | 0.11% |
580,887
+1,271
| +0.2% | +$174K |
|