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 |
Coca-Cola
KO
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
Microsoft
MSFT
|
$209M |
| 4 |
JPMorgan Chase
JPM
|
$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
PNC Financial Services
PNC
$80.5B
| $129M | 0.15% |
936,841
-84,587
| -8% | -$11.6M |
|
152
Intuit
INTU
$188B
| $127M | 0.15% |
487,005
-13,489
| -3% | -$3.53M |
|
153
Phillips 66
PSX
$53.2B
| $126M | 0.15% |
1,349,636
+106,795
| +9% | +$9.99M |
|
154
Labcorp
LH
$23.2B
| $126M | 0.15% |
849,897
+122,261
| +17% | +$18.2M |
|
155
Goldman Sachs
GS
$223B
| $125M | 0.15% |
612,582
-118,513
| -16% | -$24.2M |
|
156
United Parcel Service
UPS
$72.1B
| $124M | 0.15% |
1,204,258
-25,731
| -2% | -$2.66M |
|
|
CELG
157
DELISTED
Celgene Corp
CELG
| $123M | 0.15% |
1,333,317
-171,256
| -11% | -$15.8M |
|
158
Tyson Foods
TSN
$20B
| $123M | 0.15% |
1,520,626
+198,501
| +15% | +$16M |
|
159
Boston Properties
BXP
$12.2B
| $122M | 0.14% |
948,185
+168,103
| +22% | +$21.7M |
|
160
CMS Energy
CMS
$21.4B
| $122M | 0.14% |
2,107,174
+334,397
| +19% | +$19.4M |
|
161
Cincinnati Financial
CINF
$24B
| $121M | 0.14% |
1,167,506
+206,615
| +22% | +$21.4M |
|
162
Arthur J. Gallagher & Co
AJG
$76.7B
| $121M | 0.14% |
1,381,674
+284,288
| +26% | +$24.9M |
|
163
Cooper Companies
COO
$13.5B
| $120M | 0.14% |
1,423,804
+202,128
| +17% | +$17M |
|
164
Evergy
EVRG
$16.5B
| $119M | 0.14% |
1,977,453
+324,016
| +20% | +$19.5M |
|
165
Darden Restaurants
DRI
$24.5B
| $117M | 0.14% |
961,035
+144,852
| +18% | +$17.6M |
|
166
Willis Towers Watson
WTW
$32.1B
| $117M | 0.14% |
609,206
+77,572
| +15% | +$14.9M |
|
167
Healthpeak Properties
DOC
$12.8B
| $116M | 0.14% |
3,641,457
+584,250
| +19% | +$18.7M |
|
168
Charter Communications
CHTR
$35.7B
| $115M | 0.14% |
290,780
-57,970
| -17% | -$22.9M |
|
169
Loews
L
$20B
| $115M | 0.14% |
2,100,279
+178,695
| +9% | +$9.77M |
|
170
CSX Corp
CSX
$60.6B
| $113M | 0.13% |
4,373,295
-434,460
| -9% | -$11.2M |
|
171
Broadridge
BR
$29.4B
| $111M | 0.13% |
871,865
+132,634
| +18% | +$16.9M |
|
172
Markel Group
MKL
$24.2B
| $109M | 0.13% |
100,161
+20,966
| +26% | +$22.8M |
|
173
Arch Capital
ACGL
$34.1B
| $109M | 0.13% |
2,932,983
+589,337
| +25% | +$21.9M |
|
|
RTN
174
DELISTED
Raytheon Company
RTN
| $108M | 0.13% |
621,406
-46,363
| -7% | -$8.06M |
|
175
Check Point Software Technologies
CHKP
$20.7B
| $107M | 0.13% |
925,083
+109,222
| +13% | +$12.6M |
|