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 |
Costco
COST
|
$253M |
| 2 |
Walmart
WMT
|
$201M |
| 3 |
Amazon
AMZN
|
$110M |
| 4 |
United Parcel Service
UPS
|
$103M |
| 5 |
Pool Corp
POOL
|
$87M |
Top Sells
| 1 |
TJX Companies
TJX
|
$413M |
| 2 |
Chubb
CB
|
$336M |
| 3 |
Coca-Cola
KO
|
$252M |
| 4 |
McCormick & Company Non-Voting
MKC
|
$169M |
| 5 |
Apple
AAPL
|
$152M |
Sector Composition
| 1 | Technology | 23.04% |
| 2 | Healthcare | 14.63% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Communication Services | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
DTE Energy
DTE
$28.3B
| $193M | 0.14% |
1,749,210
-8,344
| -0.5% | -$920K |
|
152
Cigna
CI
$81.2B
| $192M | 0.14% |
810,616
-13,980
| -2% | -$3.31M |
|
153
General Motors
GM
$55.4B
| $191M | 0.14% |
3,226,161
+211,512
| +7% | +$12.5M |
|
154
Consolidated Edison
ED
$35.3B
| $187M | 0.14% |
2,602,603
-1,681
| -0.1% | -$121K |
|
155
Republic Services
RSG
$73B
| $186M | 0.14% |
1,689,426
-10,454
| -0.6% | -$1.15M |
|
156
ConocoPhillips
COP
$120B
| $183M | 0.14% |
3,006,156
-87,520
| -3% | -$5.33M |
|
|
157
TJX Companies
TJX
$157B
| $183M | 0.14% |
2,715,297
-6,126,862
| -69% | -$413M |
|
158
PNC Financial Services
PNC
$81.7B
| $183M | 0.14% |
957,165
-12,106
| -1% | -$2.31M |
|
159
Moderna
MRNA
$9.45B
| $177M | 0.13% |
752,974
+82,241
| +12% | +$19.3M |
|
160
VeriSign
VRSN
$25.9B
| $177M | 0.13% |
775,689
-18,795
| -2% | -$4.28M |
|
161
Truist Financial
TFC
$60.7B
| $176M | 0.13% |
3,163,681
-64,140
| -2% | -$3.56M |
|
|
ALXN
162
DELISTED
Alexion Pharmaceuticals Inc
ALXN
| $174M | 0.13% |
949,278
+429,040
| +82% | +$78.8M |
|
163
Clorox
CLX
$15.2B
| $173M | 0.13% |
961,291
-15,236
| -2% | -$2.74M |
|
164
Global Payments
GPN
$21.2B
| $170M | 0.13% |
905,847
-643,442
| -42% | -$121M |
|
165
Waste Connections
WCN
$46.6B
| $168M | 0.13% |
1,405,922
-16,503
| -1% | -$1.97M |
|
166
FedEx
FDX
$53.2B
| $167M | 0.12% |
558,286
-6,465
| -1% | -$1.93M |
|
167
Liberty Broadband Class C
LBRDK
$8.53B
| $165M | 0.12% |
952,589
+7,840
| +0.8% | +$1.36M |
|
168
Willis Towers Watson
WTW
$32.2B
| $165M | 0.12% |
717,182
-3,901
| -0.5% | -$897K |
|
169
CSX Corp
CSX
$60.9B
| $165M | 0.12% |
5,132,964
-146,448
| -3% | -$4.7M |
|
170
Uber
UBER
$192B
| $164M | 0.12% |
3,279,542
+401,286
| +14% | +$20.1M |
|
171
Biogen
BIIB
$20.5B
| $164M | 0.12% |
473,506
+100,803
| +27% | +$34.9M |
|
172
Expeditors International
EXPD
$16.5B
| $164M | 0.12% |
1,295,036
+208,045
| +19% | +$26.3M |
|
173
Estee Lauder
EL
$31.5B
| $164M | 0.12% |
515,359
-4,883
| -0.9% | -$1.55M |
|
174
Extra Space Storage
EXR
$30.5B
| $164M | 0.12% |
999,456
+3,074
| +0.3% | +$504K |
|
175
Capital One
COF
$145B
| $163M | 0.12% |
1,055,273
-29,100
| -3% | -$4.5M |
|