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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Omnicom Group
OMC
$15.4B
| $149M | 0.15% |
1,909,096
+141,388
| +8% | +$11.1M |
|
152
PNC Financial Services
PNC
$80.5B
| $149M | 0.15% |
1,060,595
+123,754
| +13% | +$17.3M |
|
153
Cincinnati Financial
CINF
$24B
| $148M | 0.15% |
1,266,503
+98,997
| +8% | +$11.5M |
|
154
CMS Energy
CMS
$21.4B
| $147M | 0.15% |
2,302,647
+195,473
| +9% | +$12.5M |
|
155
Tyson Foods
TSN
$20B
| $147M | 0.15% |
1,701,937
+181,311
| +12% | +$15.6M |
|
156
Healthpeak Properties
DOC
$12.8B
| $144M | 0.14% |
4,038,733
+397,276
| +11% | +$14.2M |
|
|
RTN
157
DELISTED
Raytheon Company
RTN
| $143M | 0.14% |
726,957
+105,551
| +17% | +$20.7M |
|
158
Waste Connections
WCN
$46.1B
| $142M | 0.14% |
1,540,696
+43,274
| +3% | +$3.98M |
|
159
Arthur J. Gallagher & Co
AJG
$76.7B
| $137M | 0.14% |
1,530,657
+148,983
| +11% | +$13.3M |
|
160
Arch Capital
ACGL
$34.1B
| $137M | 0.14% |
3,254,324
+321,341
| +11% | +$13.5M |
|
161
Cigna
CI
$81.5B
| $136M | 0.14% |
897,294
-362,107
| -29% | -$55M |
|
162
Labcorp
LH
$23.2B
| $134M | 0.13% |
928,929
+79,032
| +9% | +$11.4M |
|
163
Evergy
EVRG
$16.5B
| $134M | 0.13% |
2,013,758
+36,305
| +2% | +$2.42M |
|
164
Willis Towers Watson
WTW
$32.1B
| $134M | 0.13% |
694,401
+85,195
| +14% | +$16.4M |
|
165
S&P Global
SPGI
$164B
| $133M | 0.13% |
540,880
+94,826
| +21% | +$23.2M |
|
166
Kellanova
K
$27.8B
| $132M | 0.13% |
2,182,893
+63,625
| +3% | +$3.84M |
|
167
Target
TGT
$42.3B
| $132M | 0.13% |
1,231,447
+145,935
| +13% | +$15.6M |
|
|
AGN
168
DELISTED
Allergan plc
AGN
| $131M | 0.13% |
779,579
+160,873
| +26% | +$27.1M |
|
169
Markel Group
MKL
$24.2B
| $130M | 0.13% |
110,391
+10,230
| +10% | +$12.1M |
|
170
Phillips 66
PSX
$53.2B
| $130M | 0.13% |
1,269,113
-80,523
| -6% | -$8.25M |
|
171
Brown-Forman Class B
BF.B
$13.7B
| $129M | 0.13% |
2,058,260
+223,234
| +12% | +$14M |
|
172
DuPont de Nemours
DD
$32.6B
| $128M | 0.13% |
1,790,035
+423,986
| +31% | +$30.2M |
|
173
Boston Scientific
BSX
$159B
| $127M | 0.13% |
3,114,781
+753,657
| +32% | +$30.7M |
|
174
Extra Space Storage
EXR
$31.3B
| $127M | 0.13% |
1,083,032
+106,361
| +11% | +$12.4M |
|
175
CSX Corp
CSX
$60.6B
| $126M | 0.13% |
5,473,104
+1,099,809
| +25% | +$25.4M |
|