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 |
Walmart
WMT
|
$250M |
| 2 |
Amphenol
APH
|
$147M |
| 3 |
Target
TGT
|
$142M |
| 4 |
Abbott
ABT
|
$113M |
| 5 |
Verizon
VZ
|
$87.4M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
XYZ
151
Block, Inc.
XYZ
$46.2B
| $194M | 0.15% |
852,443
-27,065
| -3% | -$6.15M |
|
152
Labcorp
LH
$22.9B
| $193M | 0.15% |
756,376
-30,732
| -4% | -$7.84M |
|
153
Clorox
CLX
$14.6B
| $188M | 0.14% |
976,527
-46,309
| -5% | -$8.93M |
|
154
Truist Financial
TFC
$59.2B
| $188M | 0.14% |
3,227,821
-132,309
| -4% | -$7.72M |
|
155
Arthur J. Gallagher & Co
AJG
$77B
| $185M | 0.14% |
1,486,256
-52,129
| -3% | -$6.5M |
|
156
Hershey
HSY
$37.4B
| $181M | 0.14% |
1,141,971
-47,976
| -4% | -$7.59M |
|
157
Intuitive Surgical
ISRG
$167B
| $179M | 0.14% |
242,408
-11,368
| -4% | -$8.4M |
|
158
General Motors
GM
$55.2B
| $173M | 0.13% |
3,014,649
-125,011
| -4% | -$7.18M |
|
159
PNC Financial Services
PNC
$80.1B
| $170M | 0.13% |
969,271
-42,916
| -4% | -$7.53M |
|
160
CSX Corp
CSX
$60B
| $170M | 0.13% |
1,759,804
-55,829
| -3% | -$5.38M |
|
161
McCormick & Company Non-Voting
MKC
$18.5B
| $169M | 0.13% |
1,897,348
-105,869
| -5% | -$9.44M |
|
162
Church & Dwight Co
CHD
$22.7B
| $169M | 0.13% |
1,936,584
-70,061
| -3% | -$6.12M |
|
163
Republic Services
RSG
$72.7B
| $169M | 0.13% |
1,699,880
-68,274
| -4% | -$6.78M |
|
164
Willis Towers Watson
WTW
$31.9B
| $165M | 0.13% |
721,083
-11,924
| -2% | -$2.73M |
|
165
JD.com
JD
$44B
| $165M | 0.13% |
1,956,749
-87,537
| -4% | -$7.38M |
|
166
ConocoPhillips
COP
$122B
| $164M | 0.12% |
3,093,676
+495,700
| +19% | +$26.3M |
|
167
FedEx
FDX
$52.8B
| $160M | 0.12% |
564,751
-14,598
| -3% | -$4.15M |
|
168
Illinois Tool Works
ITW
$76.2B
| $160M | 0.12% |
722,489
-25,474
| -3% | -$5.64M |
|
169
Take-Two Interactive
TTWO
$43.8B
| $158M | 0.12% |
895,754
-28,195
| -3% | -$4.98M |
|
170
VeriSign
VRSN
$25.4B
| $158M | 0.12% |
794,484
-35,034
| -4% | -$6.96M |
|
171
Uber
UBER
$194B
| $157M | 0.12% |
2,878,256
-139,400
| -5% | -$7.6M |
|
172
Mercado Libre
MELI
$122B
| $157M | 0.12% |
106,356
-2,706
| -2% | -$3.98M |
|
173
Norfolk Southern
NSC
$61.8B
| $156M | 0.12% |
579,598
-30,506
| -5% | -$8.19M |
|
174
Ameren
AEE
$26.9B
| $155M | 0.12% |
1,906,304
-83,808
| -4% | -$6.82M |
|
175
West Pharmaceutical
WST
$17.5B
| $155M | 0.12% |
549,395
+270,054
| +97% | +$76.1M |
|