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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Arthur J. Gallagher & Co
AJG
$77.6B
| $124M | 0.15% |
1,522,140
-22,826
| -1% | -$1.86M |
|
152
Kellanova
K
$27.6B
| $124M | 0.15% |
2,066,755
-36,640
| -2% | -$2.2M |
|
153
Northrop Grumman
NOC
$84.5B
| $122M | 0.15% |
404,887
-22,572
| -5% | -$6.83M |
|
154
Essex Property Trust
ESS
$17.4B
| $122M | 0.15% |
556,198
+8,484
| +2% | +$1.87M |
|
155
ServiceNow
NOW
$190B
| $121M | 0.15% |
420,577
-52,346
| -11% | -$15M |
|
156
Blackrock
BLK
$175B
| $117M | 0.14% |
266,682
-13,704
| -5% | -$6.03M |
|
157
Intuitive Surgical
ISRG
$170B
| $117M | 0.14% |
236,448
-23,092
| -9% | -$11.4M |
|
158
Willis Towers Watson
WTW
$31.9B
| $116M | 0.14% |
680,321
-17,007
| -2% | -$2.89M |
|
159
Hormel Foods
HRL
$14B
| $114M | 0.14% |
2,441,082
+40,531
| +2% | +$1.89M |
|
160
Goldman Sachs
GS
$226B
| $113M | 0.14% |
730,905
-52,013
| -7% | -$8.04M |
|
161
Digital Realty Trust
DLR
$57.2B
| $110M | 0.13% |
791,154
+90,365
| +13% | +$12.6M |
|
162
Cooper Companies
COO
$13.4B
| $108M | 0.13% |
391,645
-7,827
| -2% | -$2.16M |
|
163
Micron Technology
MU
$133B
| $106M | 0.13% |
2,523,502
-126,414
| -5% | -$5.32M |
|
164
J.M. Smucker
SJM
$11.8B
| $106M | 0.13% |
954,464
+33,134
| +4% | +$3.68M |
|
165
Advanced Micro Devices
AMD
$264B
| $105M | 0.13% |
2,319,477
-93,257
| -4% | -$4.24M |
|
166
Evergy
EVRG
$16.4B
| $105M | 0.13% |
1,914,408
-52,022
| -3% | -$2.86M |
|
167
Target
TGT
$43.6B
| $105M | 0.13% |
1,129,936
-84,219
| -7% | -$7.83M |
|
168
Extra Space Storage
EXR
$30.5B
| $104M | 0.13% |
1,085,704
+28,568
| +3% | +$2.74M |
|
169
Markel Group
MKL
$24.8B
| $104M | 0.13% |
111,717
-2,377
| -2% | -$2.21M |
|
170
Illinois Tool Works
ITW
$77.1B
| $103M | 0.12% |
724,249
-40,641
| -5% | -$5.78M |
|
171
Leidos
LDOS
$23.2B
| $103M | 0.12% |
1,121,882
-20,828
| -2% | -$1.91M |
|
172
FirstEnergy
FE
$25.2B
| $103M | 0.12% |
2,561,910
-44,345
| -2% | -$1.78M |
|
173
Boston Scientific
BSX
$156B
| $102M | 0.12% |
3,129,948
-160,366
| -5% | -$5.23M |
|
174
Hartford Financial Services
HIG
$37.2B
| $101M | 0.12% |
2,874,020
-57,095
| -2% | -$2.01M |
|
|
ATVI
175
DELISTED
Activision Blizzard Inc.
ATVI
| $101M | 0.12% |
1,700,586
-71,390
| -4% | -$4.25M |
|