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 |
Coca-Cola
KO
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
Microsoft
MSFT
|
$209M |
| 4 |
JPMorgan Chase
JPM
|
$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Biogen
BIIB
$20.6B
| $107M | 0.13% |
456,394
-25,279
| -5% | -$5.91M |
|
177
Kellanova
K
$27.8B
| $107M | 0.13% |
2,119,268
+309,649
| +17% | +$15.6M |
|
178
Genuine Parts
GPC
$19.4B
| $104M | 0.12% |
1,002,724
+141,221
| +16% | +$14.6M |
|
179
Extra Space Storage
EXR
$31.3B
| $104M | 0.12% |
976,671
+161,701
| +20% | +$17.2M |
|
|
AGN
180
DELISTED
Allergan plc
AGN
| $104M | 0.12% |
618,706
-92,006
| -13% | -$15.4M |
|
181
Ulta Beauty
ULTA
$23.1B
| $104M | 0.12% |
298,373
+27,960
| +10% | +$9.7M |
|
182
Expeditors International
EXPD
$16.4B
| $103M | 0.12% |
1,363,951
+152,148
| +13% | +$11.5M |
|
183
DuPont de Nemours
DD
$32.6B
| $103M | 0.12% |
1,366,049
-869,909
| -39% | -$65.3M |
|
184
Morgan Stanley
MS
$236B
| $102M | 0.12% |
2,338,552
-431,860
| -16% | -$18.9M |
|
|
CERN
185
DELISTED
Cerner Corp
CERN
| $102M | 0.12% |
1,395,679
+215,144
| +18% | +$15.8M |
|
186
Brown-Forman Class B
BF.B
$13.7B
| $102M | 0.12% |
1,835,026
+381,214
| +26% | +$21.1M |
|
187
S&P Global
SPGI
$164B
| $102M | 0.12% |
446,054
-31,599
| -7% | -$7.2M |
|
188
Boston Scientific
BSX
$159B
| $101M | 0.12% |
2,361,124
-123,175
| -5% | -$5.29M |
|
189
Northrop Grumman
NOC
$83.2B
| $101M | 0.12% |
313,672
-20,268
| -6% | -$6.55M |
|
190
Intuitive Surgical
ISRG
$167B
| $101M | 0.12% |
579,360
-49,779
| -8% | -$8.7M |
|
191
Mid-America Apartment Communities
MAA
$17B
| $101M | 0.12% |
859,838
+162,204
| +23% | +$19.1M |
|
|
CTXS
192
DELISTED
Citrix Systems Inc
CTXS
| $101M | 0.12% |
1,029,631
+87,600
| +9% | +$8.6M |
|
193
Quest Diagnostics
DGX
$20.5B
| $101M | 0.12% |
989,028
+157,506
| +19% | +$16M |
|
194
Dollar Tree
DLTR
$20.6B
| $100M | 0.12% |
932,515
+21,486
| +2% | +$2.31M |
|
195
eBay
EBAY
$42.3B
| $99.8M | 0.12% |
2,525,517
+5,647
| +0.2% | +$223K |
|
196
Schlumberger
SLB
$53.4B
| $99.3M | 0.12% |
2,498,932
-277,820
| -10% | -$11M |
|
197
W.P. Carey
WPC
$14.9B
| $98.9M | 0.12% |
1,243,455
+254,135
| +26% | +$20.2M |
|
198
Corpay
CPAY
$22.4B
| $98.7M | 0.12% |
351,388
+39,700
| +13% | +$11.1M |
|
199
Applied Materials
AMAT
$130B
| $96.8M | 0.11% |
2,154,716
-283,524
| -12% | -$12.7M |
|
200
J.M. Smucker
SJM
$12B
| $96.7M | 0.11% |
839,606
+165,169
| +24% | +$19M |
|