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 |
AT&T
T
|
$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$146M |
| 3 |
PepsiCo
PEP
|
$65.1M |
| 4 |
Coca-Cola
KO
|
$62.7M |
| 5 |
Pfizer
PFE
|
$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
$178M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Microsoft
MSFT
|
$135M |
| 5 |
Amazon
AMZN
|
$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Intercontinental Exchange
ICE
$99.8B
| $106M | 0.15% |
1,442,357
-17,046
| -1% | -$1.25M |
|
152
Illinois Tool Works
ITW
$77.6B
| $106M | 0.15% |
763,779
-72,860
| -9% | -$10.1M |
|
153
MetLife
MET
$52.9B
| $104M | 0.14% |
2,394,384
+28,650
| +1% | +$1.25M |
|
154
Emerson Electric
EMR
$74.6B
| $104M | 0.14% |
1,504,534
-89,583
| -6% | -$6.19M |
|
155
HCA Healthcare
HCA
$98.5B
| $104M | 0.14% |
1,011,814
+162,226
| +19% | +$16.6M |
|
156
Deere & Co
DE
$128B
| $102M | 0.14% |
728,068
-70,099
| -9% | -$9.8M |
|
157
Norfolk Southern
NSC
$62.3B
| $102M | 0.14% |
673,827
-40,514
| -6% | -$6.11M |
|
158
LyondellBasell Industries
LYB
$17.7B
| $101M | 0.14% |
920,843
-12,084
| -1% | -$1.33M |
|
159
eBay
EBAY
$42.3B
| $101M | 0.14% |
2,772,117
+371,594
| +15% | +$13.5M |
|
160
State Street
STT
$32B
| $98.3M | 0.14% |
1,055,891
-31,494
| -3% | -$2.93M |
|
161
Truist Financial
TFC
$60B
| $98.2M | 0.14% |
1,947,643
-188,121
| -9% | -$9.49M |
|
162
American Electric Power
AEP
$57.8B
| $97.4M | 0.13% |
1,405,904
+262,695
| +23% | +$18.2M |
|
|
PX
163
DELISTED
Praxair Inc
PX
| $95.3M | 0.13% |
602,486
-76,617
| -11% | -$12.1M |
|
164
Fiserv
FI
$73.4B
| $95.2M | 0.13% |
1,285,167
+172,669
| +16% | +$12.8M |
|
|
STI
165
DELISTED
SunTrust Banks, Inc.
STI
| $91.5M | 0.13% |
1,386,151
+21,842
| +2% | +$1.44M |
|
166
Marathon Petroleum
MPC
$54.8B
| $88.1M | 0.12% |
1,256,112
-161,999
| -11% | -$11.4M |
|
167
Eaton
ETN
$136B
| $88M | 0.12% |
1,176,741
+3,605
| +0.3% | +$269K |
|
168
General Mills
GIS
$27B
| $87.7M | 0.12% |
1,981,571
+502,024
| +34% | +$22.2M |
|
169
Consolidated Edison
ED
$35.4B
| $87.4M | 0.12% |
1,120,898
+190,459
| +20% | +$14.9M |
|
170
Enterprise Products Partners
EPD
$68.6B
| $86.6M | 0.12% |
3,128,946
-112,875
| -3% | -$3.12M |
|
171
Dollar General
DG
$24.1B
| $85.1M | 0.12% |
863,194
+203,497
| +31% | +$20.1M |
|
172
Sempra
SRE
$52.9B
| $84.3M | 0.12% |
1,452,184
+332,400
| +30% | +$19.3M |
|
173
Electronic Arts
EA
$42.2B
| $83.3M | 0.12% |
590,903
-92,472
| -14% | -$13M |
|
174
Delta Air Lines
DAL
$39.9B
| $82.5M | 0.11% |
1,665,002
+6,636
| +0.4% | +$329K |
|
175
Kinder Morgan
KMI
$59.1B
| $82M | 0.11% |
4,639,878
+141,666
| +3% | +$2.5M |
|