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 |
Amazon
AMZN
|
$1.88B |
| 2 |
IBM
IBM
|
$170M |
| 3 |
Mondelez International
MDLZ
|
$92M |
| 4 |
Warner Bros
WBD
|
$86.5M |
| 5 |
Roper Technologies
ROP
|
$82.7M |
Top Sells
| 1 |
Apple
AAPL
|
$242M |
| 2 |
Microsoft
MSFT
|
$207M |
| 3 |
CERN
Cerner Corp
CERN
|
$180M |
| 4 |
Visa
V
|
$126M |
| 5 |
Cisco
CSCO
|
$110M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Truist Financial
TFC
$59.9B
| $120M | 0.11% |
2,532,852
-140,990
| -5% | -$6.69M |
|
177
CSX Corp
CSX
$60B
| $120M | 0.11% |
4,128,533
-277,645
| -6% | -$8.07M |
|
178
Alexandria Real Estate Equities
ARE
$13.8B
| $120M | 0.11% |
826,817
-2,257
| -0.3% | -$327K |
|
179
US Bancorp
USB
$75.5B
| $118M | 0.11% |
2,559,643
-152,730
| -6% | -$7.03M |
|
180
Conagra Brands
CAG
$8.99B
| $117M | 0.11% |
3,417,411
-28,983
| -0.8% | -$992K |
|
181
Lam Research
LRCX
$123B
| $117M | 0.11% |
274,252
-14,770
| -5% | -$6.29M |
|
182
Quest Diagnostics
DGX
$20B
| $116M | 0.11% |
874,782
-24,946
| -3% | -$3.32M |
|
183
Humana
HUM
$37.3B
| $116M | 0.11% |
247,594
-10,730
| -4% | -$5.02M |
|
184
Liberty Broadband Class C
LBRDK
$8.7B
| $115M | 0.11% |
992,100
-71,876
| -7% | -$8.31M |
|
185
Cadence Design Systems
CDNS
$93.4B
| $114M | 0.11% |
759,340
-27,649
| -4% | -$4.15M |
|
186
Estee Lauder
EL
$32.7B
| $113M | 0.11% |
444,278
-20,785
| -4% | -$5.29M |
|
187
Cooper Companies
COO
$13B
| $113M | 0.11% |
359,667
-5,575
| -2% | -$1.75M |
|
188
Dollar Tree
DLTR
$23.2B
| $112M | 0.11% |
720,586
-282,051
| -28% | -$44M |
|
189
Edwards Lifesciences
EW
$48B
| $112M | 0.11% |
1,179,796
-72,643
| -6% | -$6.91M |
|
190
BioMarin Pharmaceuticals
BMRN
$11.3B
| $110M | 0.1% |
1,331,921
-31,985
| -2% | -$2.65M |
|
191
Illinois Tool Works
ITW
$76.4B
| $110M | 0.1% |
600,997
-38,053
| -6% | -$6.94M |
|
192
Evergy
EVRG
$16.4B
| $109M | 0.1% |
1,677,461
-37,009
| -2% | -$2.41M |
|
193
Atmos Energy
ATO
$26.6B
| $109M | 0.1% |
968,614
+12,466
| +1% | +$1.4M |
|
194
Akamai
AKAM
$11B
| $107M | 0.1% |
1,176,948
-23,740
| -2% | -$2.17M |
|
195
Alliant Energy
LNT
$16.6B
| $107M | 0.1% |
1,826,400
-54,666
| -3% | -$3.2M |
|
196
Palo Alto Networks
PANW
$127B
| $107M | 0.1% |
216,315
-21,507
| -9% | -$10.6M |
|
197
FedEx
FDX
$52.9B
| $106M | 0.1% |
467,819
-21,527
| -4% | -$4.88M |
|
198
Verisk Analytics
VRSK
$37B
| $106M | 0.1% |
611,467
-16,476
| -3% | -$2.85M |
|
199
Norfolk Southern
NSC
$62.4B
| $105M | 0.1% |
461,647
-25,396
| -5% | -$5.77M |
|
200
Domino's
DPZ
$15.9B
| $104M | 0.1% |
267,237
-8,265
| -3% | -$3.22M |
|