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 |
ATVI
Activision Blizzard Inc.
ATVI
|
$217M |
| 2 |
T-Mobile US
TMUS
|
$208M |
| 3 |
Electronic Arts
EA
|
$208M |
| 4 |
Amazon
AMZN
|
$205M |
| 5 |
Microsoft
MSFT
|
$193M |
Top Sells
| 1 |
Realty Income
O
|
$110M |
| 2 |
Healthpeak Properties
DOC
|
$86.3M |
| 3 |
Hartford Financial Services
HIG
|
$63.5M |
| 4 |
Annaly Capital Management
NLY
|
$62.7M |
| 5 |
W.P. Carey
WPC
|
$51.3M |
Sector Composition
| 1 | Technology | 21.87% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.93% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Goldman Sachs
GS
$227B
| $159M | 0.14% |
793,417
+27,047
| +4% | +$5.44M |
|
152
Deere & Co
DE
$128B
| $159M | 0.14% |
717,859
+17,374
| +2% | +$3.85M |
|
153
Equity Residential
EQR
$25B
| $159M | 0.14% |
3,096,290
-21,696
| -0.7% | -$1.11M |
|
154
US Bancorp
USB
$76.5B
| $158M | 0.14% |
4,420,229
+65,982
| +2% | +$2.37M |
|
155
Elevance Health
ELV
$69.4B
| $157M | 0.14% |
583,251
+13,614
| +2% | +$3.66M |
|
156
Take-Two Interactive
TTWO
$44.4B
| $156M | 0.14% |
945,666
-5,321
| -0.6% | -$879K |
|
157
Keysight
KEYS
$28.7B
| $154M | 0.14% |
1,555,255
-21,977
| -1% | -$2.17M |
|
158
Labcorp
LH
$22.9B
| $153M | 0.14% |
942,867
-8,624
| -0.9% | -$1.39M |
|
159
Air Products & Chemicals
APD
$64.5B
| $151M | 0.13% |
507,097
+11,793
| +2% | +$3.51M |
|
160
Willis Towers Watson
WTW
$32.2B
| $151M | 0.13% |
721,488
+15,159
| +2% | +$3.17M |
|
161
American Express
AXP
$230B
| $151M | 0.13% |
1,502,846
+34,841
| +2% | +$3.49M |
|
162
Akamai
AKAM
$11.1B
| $149M | 0.13% |
1,347,782
+433,879
| +47% | +$48M |
|
163
Cigna
CI
$81.2B
| $148M | 0.13% |
871,206
+30,372
| +4% | +$5.15M |
|
164
Becton Dickinson
BDX
$54.8B
| $148M | 0.13% |
649,858
+28,122
| +5% | +$6.38M |
|
165
CMS Energy
CMS
$21.4B
| $146M | 0.13% |
2,381,260
-10,264
| -0.4% | -$630K |
|
166
FedEx
FDX
$53.2B
| $140M | 0.12% |
557,401
+14,219
| +3% | +$3.58M |
|
167
Illinois Tool Works
ITW
$77.4B
| $140M | 0.12% |
724,992
+16,574
| +2% | +$3.2M |
|
168
Cooper Companies
COO
$13.5B
| $139M | 0.12% |
1,644,824
+180
| +0% | +$15.2K |
|
169
Kellanova
K
$27.6B
| $138M | 0.12% |
2,272,064
-13,519
| -0.6% | -$820K |
|
170
Incyte
INCY
$16.7B
| $138M | 0.12% |
1,532,743
-10,356
| -0.7% | -$929K |
|
|
XYZ
171
Block, Inc.
XYZ
$46.2B
| $137M | 0.12% |
845,255
+106,548
| +14% | +$17.3M |
|
|
CTXS
172
DELISTED
Citrix Systems Inc
CTXS
| $137M | 0.12% |
991,446
-3,626
| -0.4% | -$499K |
|
173
CSX Corp
CSX
$60.9B
| $136M | 0.12% |
5,262,720
+119,214
| +2% | +$3.09M |
|
174
Sherwin-Williams
SHW
$91.2B
| $132M | 0.12% |
570,213
+12,837
| +2% | +$2.98M |
|
175
Northrop Grumman
NOC
$83B
| $132M | 0.12% |
418,776
+13,020
| +3% | +$4.11M |
|