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
|
$2.5B |
| 2 |
Meta Platforms (Facebook)
META
|
$334M |
| 3 |
Abbott
ABT
|
$271M |
| 4 |
Stryker
SYK
|
$155M |
| 5 |
McDonald's
MCD
|
$154M |
Top Sells
| 1 |
Apple
AAPL
|
$1.14B |
| 2 |
Costco
COST
|
$440M |
| 3 |
Oracle
ORCL
|
$194M |
| 4 |
Micron Technology
MU
|
$192M |
| 5 |
Gilead Sciences
GILD
|
$157M |
Sector Composition
| 1 | Technology | 28.1% |
| 2 | Financials | 13.31% |
| 3 | Healthcare | 11.32% |
| 4 | Consumer Discretionary | 8.29% |
| 5 | Communication Services | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
151
Keurig Dr Pepper
KDP
$39.2B
| $178M | 0.12% |
5,204,984
+249,364
| +5% | +$8.53M |
|
152
Starbucks
SBUX
$99.3B
| $177M | 0.12% |
1,802,367
+971
| +0.1% | +$95.2K |
|
153
General Mills
GIS
$26.4B
| $176M | 0.12% |
2,949,496
-412,521
| -12% | -$24.7M |
|
154
Sherwin-Williams
SHW
$90.1B
| $174M | 0.12% |
498,359
+148,563
| +42% | +$51.9M |
|
155
Consolidated Edison
ED
$35.2B
| $173M | 0.12% |
1,563,699
-83,897
| -5% | -$9.28M |
|
156
Electronic Arts
EA
$43.3B
| $173M | 0.12% |
1,194,740
-239,824
| -17% | -$34.7M |
|
157
Sempra
SRE
$54B
| $171M | 0.12% |
2,396,613
-304,590
| -11% | -$21.7M |
|
158
Yum! Brands
YUM
$40.1B
| $170M | 0.12% |
1,079,511
-27,626
| -2% | -$4.35M |
|
159
Marriott International Class A Common Stock
MAR
$71.2B
| $169M | 0.12% |
709,688
+346,043
| +95% | +$82.4M |
|
160
Hartford Financial Services
HIG
$37.2B
| $166M | 0.12% |
1,340,585
-39,499
| -3% | -$4.89M |
|
161
Entergy
ETR
$39.3B
| $164M | 0.11% |
1,920,844
-35,704
| -2% | -$3.05M |
|
162
Cadence Design Systems
CDNS
$93.9B
| $163M | 0.11% |
639,752
-315,475
| -33% | -$80.2M |
|
163
HP
HPQ
$26B
| $163M | 0.11% |
5,869,828
-196,660
| -3% | -$5.45M |
|
164
Arista Networks
ANET
$169B
| $162M | 0.11% |
2,087,182
+132,088
| +7% | +$10.2M |
|
165
L3Harris
LHX
$51.8B
| $161M | 0.11% |
770,070
-10,058
| -1% | -$2.11M |
|
|
166
Micron Technology
MU
$130B
| $161M | 0.11% |
1,854,914
-2,212,132
| -54% | -$192M |
|
167
Mercado Libre
MELI
$122B
| $158M | 0.11% |
81,092
+1,109
| +1% | +$2.16M |
|
168
Arch Capital
ACGL
$34.3B
| $156M | 0.11% |
1,626,990
-66,885
| -4% | -$6.43M |
|
169
Corning
GLW
$58.3B
| $154M | 0.11% |
3,371,237
-100,287
| -3% | -$4.59M |
|
170
WEC Energy
WEC
$34.3B
| $154M | 0.11% |
1,409,292
-49,008
| -3% | -$5.34M |
|
171
Cardinal Health
CAH
$35.9B
| $153M | 0.11% |
1,110,195
-41,575
| -4% | -$5.73M |
|
172
Willis Towers Watson
WTW
$31.9B
| $150M | 0.1% |
442,751
-8,622
| -2% | -$2.91M |
|
173
CVS Health
CVS
$94B
| $149M | 0.1% |
2,204,652
-332,024
| -13% | -$22.5M |
|
174
Microchip Technology
MCHP
$33.7B
| $148M | 0.1% |
3,063,353
-643,050
| -17% | -$31.1M |
|
175
Boeing
BA
$177B
| $148M | 0.1% |
868,841
-6,837
| -0.8% | -$1.17M |
|