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
|
$1.51B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$495M |
| 3 |
Union Pacific
UNP
|
$137M |
| 4 |
CELG
Celgene Corp
CELG
|
$116M |
| 5 |
Comcast
CMCSA
|
$73.1M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$67.3M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$65.9M |
| 3 |
Synovus
SNV
|
$55.9M |
| 4 |
Exxon Mobil
XOM
|
$36.8M |
| 5 |
WFT
Weatherford International plc
WFT
|
$36.7M |
Sector Composition
| 1 | Financials | 15.85% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 12.47% |
| 4 | Industrials | 10.95% |
| 5 | Energy | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Franklin Resources
BEN
$13.2B
| $85M | 0.12% |
1,469,441
-35,018
| -2% | -$2.03M |
|
177
American Airlines Group
AAL
$8.84B
| $84.2M | 0.11% |
1,959,982
+888,500
| +83% | +$38.2M |
|
178
PPG Industries
PPG
$24.7B
| $84.1M | 0.11% |
400,167
-7,400
| -2% | -$1.56M |
|
179
Becton Dickinson
BDX
$53.9B
| $83.3M | 0.11% |
704,551
-50,400
| -7% | -$5.96M |
|
|
YHOO
180
DELISTED
Yahoo Inc
YHOO
| $82.4M | 0.11% |
2,345,800
-98,600
| -4% | -$3.46M |
|
181
Public Service Enterprise Group
PEG
$40.8B
| $80.9M | 0.11% |
1,983,265
-9,591
| -0.5% | -$391K |
|
|
STI
182
DELISTED
SunTrust Banks, Inc.
STI
| $80.6M | 0.11% |
2,011,515
-97,153
| -5% | -$3.89M |
|
183
Omnicom Group
OMC
$14.9B
| $80.1M | 0.11% |
1,124,480
+47,070
| +4% | +$3.35M |
|
184
PACCAR
PCAR
$51.9B
| $79.8M | 0.11% |
1,269,421
-54,243
| -4% | -$3.41M |
|
|
MHFI
185
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $79.2M | 0.11% |
954,382
-16,200
| -2% | -$1.35M |
|
186
Sempra
SRE
$54.1B
| $79.1M | 0.11% |
755,235
-14,694
| -2% | -$1.54M |
|
187
PG&E
PCG
$33.7B
| $77.8M | 0.11% |
1,621,161
+58,898
| +4% | +$2.83M |
|
188
Public Storage
PSA
$50.6B
| $77.6M | 0.11% |
452,828
+1,229
| +0.3% | +$211K |
|
|
SE
189
DELISTED
Spectra Energy Corp Wi
SE
| $75.7M | 0.1% |
1,781,625
+172,110
| +11% | +$7.31M |
|
|
TYC
190
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $75.6M | 0.1% |
1,658,570
-63,600
| -4% | -$2.9M |
|
191
VF Corp
VFC
$5.8B
| $75.2M | 0.1% |
1,192,852
-215,078
| -15% | -$13.5M |
|
192
Alcoa
AA
$8.01B
| $73.8M | 0.1% |
4,953,697
-148,019
| -3% | -$2.2M |
|
193
Western Digital
WDC
$28.4B
| $73.7M | 0.1% |
798,372
-2,823
| -0.4% | -$261K |
|
|
FRX
194
DELISTED
FOREST LABORATORIES INC
FRX
| $73.6M | 0.1% |
743,724
-13,200
| -2% | -$1.31M |
|
195
Air Products & Chemicals
APD
$65B
| $73.1M | 0.1% |
568,460
-9,700
| -2% | -$1.25M |
|
196
TE Connectivity
TEL
$60.4B
| $72.6M | 0.1% |
1,173,905
-22,900
| -2% | -$1.42M |
|
197
Edison International
EIX
$21.5B
| $72.6M | 0.1% |
1,248,542
-122,400
| -9% | -$7.11M |
|
198
Intercontinental Exchange
ICE
$100B
| $72.5M | 0.1% |
383,963
+10,139
| +3% | +$1.92M |
|
199
Waste Management
WM
$90.9B
| $72.4M | 0.1% |
1,617,639
-19,700
| -1% | -$881K |
|
200
Viatris
VTRS
$12.3B
| $72M | 0.1% |
1,395,997
-14,150
| -1% | -$730K |
|