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 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
Alibaba
BABA
|
$274M |
| 3 |
Verizon
VZ
|
$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 5 |
Amazon
AMZN
|
$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
$185M |
| 2 |
CELG
Celgene Corp
CELG
|
$168M |
| 3 |
Procter & Gamble
PG
|
$121M |
| 4 |
Honeywell
HON
|
$109M |
| 5 |
Progressive
PGR
|
$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Labcorp
LH
$23.2B
| $138M | 0.12% |
947,119
+18,190
| +2% | +$2.64M |
|
177
Illinois Tool Works
ITW
$77.6B
| $137M | 0.12% |
764,890
+6,115
| +0.8% | +$1.1M |
|
178
Biogen
BIIB
$20.6B
| $135M | 0.12% |
454,203
-41,328
| -8% | -$12.3M |
|
179
ServiceNow
NOW
$190B
| $134M | 0.12% |
472,923
+57,661
| +14% | +$16.3M |
|
180
Cincinnati Financial
CINF
$24B
| $133M | 0.12% |
1,266,315
-188
| -0% | -$19.8K |
|
181
Charles Schwab
SCHW
$167B
| $133M | 0.12% |
2,798,301
+149,015
| +6% | +$7.09M |
|
182
Vertex Pharmaceuticals
VRTX
$102B
| $133M | 0.12% |
605,969
+60,781
| +11% | +$13.3M |
|
183
Prologis
PLD
$105B
| $133M | 0.12% |
1,487,906
+84,042
| +6% | +$7.49M |
|
184
Schlumberger
SLB
$53.4B
| $132M | 0.12% |
3,272,008
+55,133
| +2% | +$2.22M |
|
185
CSX Corp
CSX
$60.6B
| $131M | 0.12% |
5,422,044
-51,060
| -0.9% | -$1.23M |
|
186
Markel Group
MKL
$24.2B
| $130M | 0.12% |
114,094
+3,703
| +3% | +$4.23M |
|
187
Invitation Homes
INVH
$18.5B
| $130M | 0.12% |
4,347,267
+1,541,931
| +55% | +$46.2M |
|
188
Deere & Co
DE
$128B
| $130M | 0.12% |
751,560
+55,465
| +8% | +$9.61M |
|
189
Cooper Companies
COO
$13.5B
| $128M | 0.12% |
1,597,888
+21,420
| +1% | +$1.72M |
|
190
Evergy
EVRG
$16.5B
| $128M | 0.12% |
1,966,430
-47,328
| -2% | -$3.08M |
|
191
Tesla
TSLA
$1.13T
| $128M | 0.12% |
4,588,470
+703,500
| +18% | +$19.6M |
|
192
FirstEnergy
FE
$25.1B
| $127M | 0.11% |
2,606,255
+88,879
| +4% | +$4.32M |
|
193
Mid-America Apartment Communities
MAA
$17B
| $125M | 0.11% |
945,347
+6,152
| +0.7% | +$811K |
|
|
FRC
194
DELISTED
First Republic Bank
FRC
| $123M | 0.11% |
1,050,092
+41,400
| +4% | +$4.86M |
|
195
Air Products & Chemicals
APD
$64.5B
| $122M | 0.11% |
521,156
+34,644
| +7% | +$8.14M |
|
196
Phillips 66
PSX
$53.2B
| $122M | 0.11% |
1,094,506
-174,607
| -14% | -$19.5M |
|
|
CERN
197
DELISTED
Cerner Corp
CERN
| $122M | 0.11% |
1,660,555
+64,701
| +4% | +$4.75M |
|
198
Norfolk Southern
NSC
$62.3B
| $122M | 0.11% |
626,935
+18,711
| +3% | +$3.63M |
|
199
Corpay
CPAY
$22.4B
| $121M | 0.11% |
421,578
+15,702
| +4% | +$4.52M |
|
200
Edwards Lifesciences
EW
$47.5B
| $121M | 0.11% |
1,558,842
+202,185
| +15% | +$15.7M |
|