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 |
Apple
AAPL
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
ServiceNow
NOW
$190B
| $175M | 0.15% | 449,685 -1,790 | -0.4% | -$695K |
|
152
Baxter International
BAX
$12.7B
| $171M | 0.15% | 3,359,659 -215,166 | -6% | -$11M |
|
153
Schlumberger
SLB
$55B
| $169M | 0.14% | 3,154,695 -59,219 | -2% | -$3.17M |
|
154
Genuine Parts
GPC
$19.4B
| $166M | 0.14% | 956,652 -52,350 | -5% | -$9.08M |
|
155
McKesson
MCK
$85.4B
| $165M | 0.14% | 440,997 +100,591 | +30% | +$37.7M |
|
156
Constellation Brands
STZ
$28.5B
| $164M | 0.14% | 709,513 +76,955 | +12% | +$17.8M |
|
157
Realty Income
O
$53.7B
| $164M | 0.14% | 2,590,851 +853,586 | +49% | +$54.1M |
|
158
Yum! Brands
YUM
$40.8B
| $162M | 0.14% | 1,263,190 -49,413 | -4% | -$6.33M |
|
159
Ameren
AEE
$27B
| $155M | 0.13% | 1,740,565 -82,220 | -5% | -$7.31M |
|
160
Entergy
ETR
$39.3B
| $154M | 0.13% | 1,366,449 -70,306 | -5% | -$7.91M |
|
161
Travelers Companies
TRV
$61.1B
| $153M | 0.13% | 818,191 -10,698 | -1% | -$2.01M |
|
162
Illinois Tool Works
ITW
$77.1B
| $153M | 0.13% | 693,011 -5,969 | -0.9% | -$1.31M |
|
163
Kraft Heinz
KHC
$33.1B
| $152M | 0.13% | 3,724,864 +127,201 | +4% | +$5.18M |
|
164
General Dynamics
GD
$87.3B
| $151M | 0.13% | 608,558 +56,898 | +10% | +$14.1M |
|
165
DTE Energy
DTE
$28.4B
| $151M | 0.13% | 1,284,607 -86,751 | -6% | -$10.2M |
|
166
Air Products & Chemicals
APD
$65.5B
| $151M | 0.13% | 488,411 -7,690 | -2% | -$2.37M |
|
167
SBA Communications
SBAC
$22B
| $150M | 0.13% | 534,615 -16,251 | -3% | -$4.56M |
|
168
CSX Corp
CSX
$60.6B
| $147M | 0.13% | 4,738,132 -175,340 | -4% | -$5.43M |
|
169
PNC Financial Services
PNC
$81.7B
| $146M | 0.12% | 925,588 -1,623 | -0.2% | -$256K |
|
170
Boston Scientific
BSX
$156B
| $145M | 0.12% | 3,141,455 -108,147 | -3% | -$5M |
|
171
Willis Towers Watson
WTW
$31.9B
| $144M | 0.12% | 588,658 -21,704 | -4% | -$5.31M |
|
172
Technology Select Sector SPDR Fund
XLK
$83.9B
| $143M | 0.12% | +1,150,000 | New | +$143M |
|
173
Eaton
ETN
$136B
| $142M | 0.12% | 902,699 -20,508 | -2% | -$3.22M |
|
174
Verisk Analytics
VRSK
$37.5B
| $141M | 0.12% | 800,028 -8,553 | -1% | -$1.51M |
|
175
Nasdaq
NDAQ
$54.4B
| $141M | 0.12% | 2,292,290 -171,975 | -7% | -$10.6M |
|