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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$282M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$224M |
| 3 |
Aflac
AFL
|
$52.6M |
| 4 |
Fiserv
FI
|
$36.2M |
| 5 |
JOBS
51job, Inc.
JOBS
|
$26.8M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$312M |
| 2 |
Amazon
AMZN
|
$153M |
| 3 |
Johnson & Johnson
JNJ
|
$75.8M |
| 4 |
Microsoft
MSFT
|
$69.7M |
| 5 |
Honeywell
HON
|
$60.9M |
Sector Composition
| 1 | Financials | 18.48% |
| 2 | Technology | 16.84% |
| 3 | Healthcare | 12.76% |
| 4 | Industrials | 10.6% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Enterprise Products Partners
EPD
$69.6B
| $79.4M | 0.11% |
3,241,821
+159,265
| +5% | +$3.9M |
|
|
177
Fiserv
FI
$75.1B
| $79.3M | 0.11% |
1,112,498
+507,967
| +84% | +$36.2M |
|
178
Boston Scientific
BSX
$156B
| $79.2M | 0.11% |
2,897,750
-190,928
| -6% | -$5.22M |
|
179
Cummins
CMI
$54.9B
| $78.7M | 0.11% |
485,754
+31,143
| +7% | +$5.05M |
|
180
Fidelity National Information Services
FIS
$36.5B
| $78.6M | 0.11% |
816,368
-721
| -0.1% | -$69.4K |
|
181
Sysco
SYY
$38.5B
| $78.6M | 0.11% |
1,310,162
-27,804
| -2% | -$1.67M |
|
182
American Electric Power
AEP
$59.4B
| $78.4M | 0.11% |
1,143,209
-125,142
| -10% | -$8.58M |
|
183
Kraft Heinz
KHC
$33.1B
| $78M | 0.11% |
1,252,735
-90,966
| -7% | -$5.67M |
|
184
PPG Industries
PPG
$25.1B
| $76.2M | 0.11% |
682,712
-6,254
| -0.9% | -$698K |
|
185
Yum! Brands
YUM
$40.8B
| $76.2M | 0.11% |
894,561
-54,944
| -6% | -$4.68M |
|
186
Illumina
ILMN
$15.8B
| $76M | 0.11% |
321,476
-29,373
| -8% | -$6.94M |
|
187
Prologis
PLD
$106B
| $75.8M | 0.11% |
1,204,121
-71,300
| -6% | -$4.49M |
|
|
DFS
188
DELISTED
Discover Financial Services
DFS
| $75.2M | 0.11% |
1,046,025
-83,922
| -7% | -$6.04M |
|
189
Synchrony
SYF
$28.4B
| $75.1M | 0.11% |
2,239,514
-133,110
| -6% | -$4.46M |
|
190
Air Products & Chemicals
APD
$65.5B
| $75M | 0.11% |
471,379
-32,208
| -6% | -$5.12M |
|
191
Ross Stores
ROST
$48.1B
| $74.9M | 0.11% |
960,396
-49,855
| -5% | -$3.89M |
|
192
Regions Financial
RF
$24.4B
| $74.2M | 0.11% |
3,991,930
-149,266
| -4% | -$2.77M |
|
|
TFCF
193
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $73.1M | 0.1% |
2,011,144
-76,400
| -4% | -$2.78M |
|
194
Equinix
EQIX
$76.9B
| $73M | 0.1% |
174,470
-3,586
| -2% | -$1.5M |
|
195
Johnson Controls International
JCI
$69.9B
| $72.6M | 0.1% |
2,060,411
+33,557
| +2% | +$1.18M |
|
196
Consolidated Edison
ED
$35.4B
| $72.5M | 0.1% |
930,439
-68,606
| -7% | -$5.35M |
|
197
M&T Bank
MTB
$31.5B
| $71.5M | 0.1% |
387,562
-20,269
| -5% | -$3.74M |
|
198
T Rowe Price
TROW
$23.6B
| $71.3M | 0.1% |
660,783
+2,377
| +0.4% | +$257K |
|
|
APC
199
DELISTED
Anadarko Petroleum
APC
| $70.9M | 0.1% |
1,173,686
-92,388
| -7% | -$5.58M |
|
200
PG&E
PCG
$33.6B
| $70.8M | 0.1% |
1,611,605
-24,961
| -2% | -$1.1M |
|