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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Dollar Tree
DLTR
$20.6B
| $125M | 0.12% |
1,098,606
+166,091
| +18% | +$19M |
|
177
Darden Restaurants
DRI
$24.5B
| $123M | 0.12% |
1,037,808
+76,773
| +8% | +$9.08M |
|
178
Morgan Stanley
MS
$236B
| $123M | 0.12% |
2,875,245
+536,693
| +23% | +$22.9M |
|
179
Intuitive Surgical
ISRG
$167B
| $123M | 0.12% |
680,817
+101,457
| +18% | +$18.3M |
|
180
Mid-America Apartment Communities
MAA
$17B
| $122M | 0.12% |
939,195
+79,357
| +9% | +$10.3M |
|
181
FirstEnergy
FE
$25.1B
| $121M | 0.12% |
2,517,376
+414,952
| +20% | +$20M |
|
182
W.P. Carey
WPC
$14.9B
| $121M | 0.12% |
1,381,077
+137,622
| +11% | +$12.1M |
|
183
Prologis
PLD
$105B
| $120M | 0.12% |
1,403,864
+368,597
| +36% | +$31.4M |
|
184
Intercontinental Exchange
ICE
$99.8B
| $119M | 0.12% |
1,294,712
+245,323
| +23% | +$22.6M |
|
185
Illinois Tool Works
ITW
$77.6B
| $119M | 0.12% |
758,775
+122,601
| +19% | +$19.2M |
|
186
Applied Materials
AMAT
$130B
| $118M | 0.12% |
2,370,768
+216,052
| +10% | +$10.8M |
|
187
Deere & Co
DE
$128B
| $117M | 0.12% |
696,095
+193,930
| +39% | +$32.7M |
|
188
American International
AIG
$43.9B
| $117M | 0.12% |
2,107,873
+440,806
| +26% | +$24.6M |
|
189
Broadridge
BR
$29.4B
| $117M | 0.12% |
941,797
+69,932
| +8% | +$8.7M |
|
190
Cooper Companies
COO
$13.5B
| $117M | 0.12% |
1,576,468
+152,664
| +11% | +$11.3M |
|
191
Corpay
CPAY
$22.4B
| $116M | 0.12% |
405,876
+54,488
| +16% | +$15.6M |
|
192
Loews
L
$20B
| $116M | 0.12% |
2,260,660
+160,381
| +8% | +$8.26M |
|
193
eBay
EBAY
$42.3B
| $116M | 0.12% |
2,983,897
+458,380
| +18% | +$17.9M |
|
194
Quest Diagnostics
DGX
$20.5B
| $116M | 0.11% |
1,079,519
+90,491
| +9% | +$9.69M |
|
195
Biogen
BIIB
$20.6B
| $115M | 0.11% |
495,531
+39,137
| +9% | +$9.11M |
|
196
Blackrock
BLK
$170B
| $115M | 0.11% |
258,016
+63,063
| +32% | +$28.1M |
|
197
Estee Lauder
EL
$32.1B
| $115M | 0.11% |
576,536
+87,797
| +18% | +$17.5M |
|
198
Annaly Capital Management
NLY
$14.2B
| $111M | 0.11% |
3,157,619
+525,462
| +20% | +$18.5M |
|
199
Charles Schwab
SCHW
$167B
| $111M | 0.11% |
2,649,286
+745,938
| +39% | +$31.2M |
|
200
O'Reilly Automotive
ORLY
$89B
| $110M | 0.11% |
4,149,720
+444,765
| +12% | +$11.8M |
|