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 |
Walt Disney
DIS
|
$134M |
| 2 |
PepsiCo
PEP
|
$132M |
| 3 |
Coca-Cola
KO
|
$126M |
| 4 |
Procter & Gamble
PG
|
$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$315M |
| 2 |
Mastercard
MA
|
$267M |
| 3 |
Apple
AAPL
|
$221M |
| 4 |
RTN
Raytheon Company
RTN
|
$149M |
| 5 |
Northrop Grumman
NOC
|
$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
S&P Global
SPGI
$167B
| $101M | 0.12% |
477,653
-54,486
| -10% | -$11.5M |
|
177
Darden Restaurants
DRI
$24.1B
| $99.1M | 0.12% |
816,183
+52,985
| +7% | +$6.44M |
|
178
CMS Energy
CMS
$21.4B
| $98.5M | 0.12% |
1,772,777
+206,455
| +13% | +$11.5M |
|
179
EOG Resources
EOG
$68.2B
| $97.6M | 0.12% |
1,025,006
-99,205
| -9% | -$9.44M |
|
180
Kellanova
K
$27.6B
| $97.5M | 0.12% |
1,699,173
+280,644
| +20% | +$16.1M |
|
181
Applied Materials
AMAT
$128B
| $96.7M | 0.12% |
2,438,240
-141,018
| -5% | -$5.59M |
|
182
Genuine Parts
GPC
$19.4B
| $96.5M | 0.12% |
861,503
+105,784
| +14% | +$11.9M |
|
183
Evergy
EVRG
$16.4B
| $96M | 0.12% |
1,653,437
+189,977
| +13% | +$11M |
|
184
Dollar Tree
DLTR
$22.8B
| $95.7M | 0.12% |
911,029
+188,501
| +26% | +$19.8M |
|
185
Healthpeak Properties
DOC
$12.5B
| $95.7M | 0.12% |
3,057,207
+477,512
| +19% | +$14.9M |
|
186
Labcorp
LH
$23.1B
| $95.6M | 0.12% |
625,117
+104,761
| +20% | +$16M |
|
187
Boston Scientific
BSX
$156B
| $95.3M | 0.12% |
2,484,299
-1,312,358
| -35% | -$50.4M |
|
188
Ulta Beauty
ULTA
$22.1B
| $94.3M | 0.12% |
270,413
+14,327
| +6% | +$5M |
|
189
FedEx
FDX
$54.5B
| $94M | 0.12% |
518,404
-36,674
| -7% | -$6.65M |
|
|
CTXS
190
DELISTED
Citrix Systems Inc
CTXS
| $93.9M | 0.12% |
942,031
+159,447
| +20% | +$15.9M |
|
191
Prudential Financial
PRU
$38.6B
| $93.7M | 0.12% |
1,019,318
-62,714
| -6% | -$5.76M |
|
192
Illinois Tool Works
ITW
$77.1B
| $93.6M | 0.12% |
652,183
-10,179
| -2% | -$1.46M |
|
193
eBay
EBAY
$41.4B
| $93.6M | 0.12% |
2,519,870
-884,850
| -26% | -$32.9M |
|
194
Willis Towers Watson
WTW
$31.9B
| $93.4M | 0.12% |
531,634
+86,484
| +19% | +$15.2M |
|
195
Marathon Petroleum
MPC
$54.6B
| $92.8M | 0.11% |
1,549,752
-45,520
| -3% | -$2.72M |
|
196
Loews
L
$20.1B
| $92.1M | 0.11% |
1,921,584
+310,725
| +19% | +$14.9M |
|
197
Expeditors International
EXPD
$16.4B
| $92M | 0.11% |
1,211,803
+196,219
| +19% | +$14.9M |
|
198
Tyson Foods
TSN
$20.2B
| $91.8M | 0.11% |
1,322,125
+83,711
| +7% | +$5.81M |
|
199
Blackrock
BLK
$175B
| $90.9M | 0.11% |
212,617
-11,808
| -5% | -$5.05M |
|
200
Cooper Companies
COO
$13.4B
| $90.5M | 0.11% |
305,419
+73,732
| +32% | +$21.8M |
|