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 |
Medtronic
MDT
|
$293M |
| 2 |
Visa
V
|
$274M |
| 3 |
AGN
Allergan plc
AGN
|
$103M |
| 4 |
Starbucks
SBUX
|
$102M |
| 5 |
Marathon Petroleum
MPC
|
$44.3M |
Top Sells
| 1 |
AGN
ALLERGAN INC
AGN
|
$179M |
| 2 |
Wells Fargo
WFC
|
$127M |
| 3 |
Microsoft
MSFT
|
$113M |
| 4 |
Occidental Petroleum
OXY
|
$96.6M |
| 5 |
Johnson & Johnson
JNJ
|
$94.6M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Healthcare | 14.61% |
| 3 | Technology | 14.2% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Tesla
TSLA
$1.08T
| $75.9M | 0.11% |
283,100
-2,552
| -0.9% | -$685K |
|
177
O'Reilly Automotive
ORLY
$88B
| $75.9M | 0.11% |
336,053
-42,900
| -11% | -$9.69M |
|
178
TE Connectivity
TEL
$61B
| $75.4M | 0.11% |
1,173,005
-700
| -0.1% | -$45K |
|
179
NXP Semiconductors
NXPI
$59.2B
| $75.2M | 0.11% |
765,300
+39,190
| +5% | +$3.85M |
|
180
Public Storage
PSA
$51.7B
| $75.1M | 0.11% |
407,117
-21,000
| -5% | -$3.87M |
|
181
Crown Castle
CCI
$43.2B
| $75M | 0.11% |
934,172
+58,400
| +7% | +$4.69M |
|
|
BRCM
182
DELISTED
BROADCOM CORP CL-A
BRCM
| $75M | 0.11% |
1,456,800
-179,791
| -11% | -$9.26M |
|
183
Ameriprise Financial
AMP
$48.5B
| $74.2M | 0.11% |
594,128
-255,894
| -30% | -$32M |
|
184
PG&E
PCG
$33.6B
| $74.1M | 0.11% |
1,508,663
-437,355
| -22% | -$21.5M |
|
185
Vertex Pharmaceuticals
VRTX
$100B
| $73.9M | 0.11% |
598,300
-116,653
| -16% | -$14.4M |
|
186
Sempra
SRE
$53.9B
| $73.8M | 0.11% |
745,735
-20,000
| -3% | -$1.98M |
|
|
VIAB
187
DELISTED
Viacom Inc. Class B
VIAB
| $73.5M | 0.11% |
1,137,818
+13,634
| +1% | +$881K |
|
188
Stryker
SYK
$150B
| $72.6M | 0.11% |
759,229
-214,360
| -22% | -$20.5M |
|
189
Corning
GLW
$57.4B
| $71.9M | 0.11% |
3,645,386
-1,045,625
| -22% | -$20.6M |
|
|
PCP
190
DELISTED
PRECISION CASTPARTS CORP
PCP
| $71.7M | 0.11% |
358,800
-23,839
| -6% | -$4.76M |
|
191
Viatris
VTRS
$12.3B
| $71.5M | 0.11% |
1,053,253
-268,575
| -20% | -$18.2M |
|
192
Aptiv
APTV
$17.3B
| $71.4M | 0.11% |
839,600
-12,947
| -2% | -$1.1M |
|
193
Zoetis
ZTS
$69.3B
| $71.4M | 0.11% |
1,481,000
-96,817
| -6% | -$4.67M |
|
194
Norfolk Southern
NSC
$62.8B
| $71.2M | 0.11% |
815,107
-70,100
| -8% | -$6.12M |
|
195
Applied Materials
AMAT
$128B
| $70.4M | 0.11% |
3,662,590
-926,111
| -20% | -$17.8M |
|
196
Devon Energy
DVN
$22.9B
| $70.3M | 0.11% |
1,182,071
-54,740
| -4% | -$3.26M |
|
197
Sherwin-Williams
SHW
$91.2B
| $70M | 0.11% |
254,400
-49,589
| -16% | -$13.6M |
|
|
STI
198
DELISTED
SunTrust Banks, Inc.
STI
| $69.9M | 0.11% |
1,625,800
-270,700
| -14% | -$11.6M |
|
|
PARA
199
DELISTED
Paramount Global Class B
PARA
| $69.8M | 0.1% |
1,258,431
-300,939
| -19% | -$16.7M |
|
|
CB
200
DELISTED
CHUBB CORPORATION
CB
| $68.8M | 0.1% |
723,447
-143,720
| -17% | -$13.7M |
|