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 |
NVIDIA
NVDA
|
$894M |
| 2 |
UnitedHealth
UNH
|
$430M |
| 3 |
Intel
INTC
|
$409M |
| 4 |
Amazon
AMZN
|
$352M |
| 5 |
Broadcom
AVGO
|
$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$415M |
| 2 |
Microsoft
MSFT
|
$275M |
| 3 |
VMW
VMware, Inc
VMW
|
$221M |
| 4 |
JPMorgan Chase
JPM
|
$146M |
| 5 |
Verizon
VZ
|
$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Realty Income
O
$53.3B
| $184M | 0.14% |
3,204,012
+219,326
| +7% | +$12.6M |
|
152
Kraft Heinz
KHC
$31.9B
| $183M | 0.14% |
4,943,446
-108,389
| -2% | -$4.01M |
|
153
Kroger
KR
$44.9B
| $181M | 0.14% |
3,960,544
-44,868
| -1% | -$2.05M |
|
154
Travelers Companies
TRV
$62.9B
| $178M | 0.14% |
936,058
+144,566
| +18% | +$27.5M |
|
155
Constellation Brands
STZ
$25.7B
| $177M | 0.13% |
730,568
+14,481
| +2% | +$3.5M |
|
156
Eaton
ETN
$136B
| $176M | 0.13% |
729,931
-25,239
| -3% | -$6.08M |
|
157
Hershey
HSY
$37.6B
| $170M | 0.13% |
909,237
+2,076
| +0.2% | +$387K |
|
158
Palo Alto Networks
PANW
$129B
| $167M | 0.13% |
1,129,974
+1,066
| +0.1% | +$157K |
|
159
Yum! Brands
YUM
$39.9B
| $165M | 0.13% |
1,266,114
+69,703
| +6% | +$9.11M |
|
160
Emerson Electric
EMR
$74.9B
| $165M | 0.13% |
1,696,755
+604,407
| +55% | +$58.8M |
|
161
WEC Energy
WEC
$34.6B
| $165M | 0.13% |
1,955,783
-10,271
| -0.5% | -$865K |
|
|
ANSS
162
DELISTED
Ansys
ANSS
| $162M | 0.12% |
445,742
+99,622
| +29% | +$36.2M |
|
163
Centene
CNC
$14.1B
| $160M | 0.12% |
2,161,362
+648,620
| +43% | +$48.1M |
|
164
Pinduoduo
PDD
$176B
| $159M | 0.12% |
1,084,423
-30,310
| -3% | -$4.43M |
|
165
American Water Works
AWK
$27.6B
| $154M | 0.12% |
1,165,785
-4,802
| -0.4% | -$634K |
|
166
Cardinal Health
CAH
$35.7B
| $153M | 0.12% |
1,516,035
+823,520
| +119% | +$83M |
|
167
KLA
KLAC
$115B
| $152M | 0.12% |
261,757
-14,787
| -5% | -$8.6M |
|
168
Sherwin-Williams
SHW
$91.2B
| $152M | 0.12% |
486,232
-9,047
| -2% | -$2.82M |
|
169
HP
HPQ
$27B
| $151M | 0.11% |
5,030,982
+2,064,869
| +70% | +$62.1M |
|
170
Broadridge
BR
$29.5B
| $151M | 0.11% |
733,194
+3,840
| +0.5% | +$790K |
|
171
Illinois Tool Works
ITW
$77.4B
| $148M | 0.11% |
564,716
-21,339
| -4% | -$5.59M |
|
172
Church & Dwight Co
CHD
$23.2B
| $143M | 0.11% |
1,510,513
-3,951
| -0.3% | -$374K |
|
173
Corning
GLW
$59.7B
| $139M | 0.11% |
4,564,273
+77,299
| +2% | +$2.35M |
|
174
DTE Energy
DTE
$28.3B
| $137M | 0.1% |
1,242,920
+9,944
| +0.8% | +$1.1M |
|
175
EOG Resources
EOG
$66.4B
| $136M | 0.1% |
1,124,506
-21,470
| -2% | -$2.6M |
|