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 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
Intuitive Surgical
ISRG
|
$179M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Analog Devices
ADI
$122B
| $200M | 0.13% |
1,140,524
-59,453
| -5% | -$10.5M |
|
152
Stryker
SYK
$149B
| $199M | 0.13% |
743,297
-175,071
| -19% | -$46.8M |
|
153
TJX Companies
TJX
$155B
| $197M | 0.13% |
2,589,066
-108,935
| -4% | -$8.27M |
|
154
Yum! Brands
YUM
$40.4B
| $193M | 0.13% |
1,392,745
-87,119
| -6% | -$12.1M |
|
155
Moderna
MRNA
$9.41B
| $193M | 0.13% |
758,987
+6,181
| +0.8% | +$1.57M |
|
156
VeriSign
VRSN
$25.5B
| $192M | 0.13% |
756,365
-22,675
| -3% | -$5.76M |
|
157
Waste Connections
WCN
$47B
| $192M | 0.13% |
1,408,643
-26,417
| -2% | -$3.6M |
|
158
Church & Dwight Co
CHD
$22.7B
| $191M | 0.13% |
1,859,128
-52,179
| -3% | -$5.35M |
|
|
DRE
159
DELISTED
Duke Realty Corp.
DRE
| $187M | 0.13% |
2,855,372
-64,932
| -2% | -$4.26M |
|
160
Alexandria Real Estate Equities
ARE
$13.8B
| $187M | 0.13% |
839,242
-15,630
| -2% | -$3.48M |
|
161
Nasdaq
NDAQ
$53.7B
| $185M | 0.12% |
879,904
-11,715
| -1% | -$2.46M |
|
|
162
L3Harris
LHX
$51.5B
| $184M | 0.12% |
863,470
-734,417
| -46% | -$157M |
|
163
Sherwin-Williams
SHW
$90B
| $183M | 0.12% |
520,240
-27,894
| -5% | -$9.82M |
|
164
PNC Financial Services
PNC
$80.9B
| $183M | 0.12% |
912,336
-35,966
| -4% | -$7.21M |
|
165
Estee Lauder
EL
$32.7B
| $182M | 0.12% |
492,729
-20,438
| -4% | -$7.57M |
|
166
Ford
F
$46.6B
| $181M | 0.12% |
8,700,753
-431,956
| -5% | -$8.97M |
|
167
CSX Corp
CSX
$60B
| $179M | 0.12% |
4,760,689
-349,678
| -7% | -$13.1M |
|
168
Chubb
CB
$110B
| $179M | 0.12% |
924,763
-56,637
| -6% | -$10.9M |
|
169
General Motors
GM
$55.7B
| $178M | 0.12% |
3,043,968
-147,616
| -5% | -$8.65M |
|
170
Zoom
ZM
$24.5B
| $178M | 0.12% |
967,264
-3,174
| -0.3% | -$584K |
|
171
DTE Energy
DTE
$28.2B
| $175M | 0.12% |
1,460,196
-42,886
| -3% | -$5.13M |
|
172
Expeditors International
EXPD
$16.4B
| $173M | 0.12% |
1,288,888
-27,491
| -2% | -$3.69M |
|
173
Ameren
AEE
$27B
| $172M | 0.12% |
1,935,667
-18,427
| -0.9% | -$1.64M |
|
174
Pool Corp
POOL
$11.4B
| $172M | 0.11% |
303,141
+2,644
| +0.9% | +$1.5M |
|
175
Edwards Lifesciences
EW
$48B
| $170M | 0.11% |
1,315,296
-59,094
| -4% | -$7.66M |
|