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 |
Alphabet (Google) Class A
GOOGL
|
$1.37B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$1.23B |
| 3 |
Tesla
TSLA
|
$1.09B |
| 4 |
Apple
AAPL
|
$739M |
| 5 |
Microsoft
MSFT
|
$541M |
Top Sells
| 1 |
Waste Connections
WCN
|
$171M |
| 2 |
Walmart
WMT
|
$168M |
| 3 |
NextEra Energy, Inc.
NEE
|
$168M |
| 4 |
Accenture
ACN
|
$125M |
| 5 |
Adobe
ADBE
|
$116M |
Sector Composition
| 1 | Technology | 22.77% |
| 2 | Healthcare | 16.6% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
VeriSign
VRSN
$25.5B
| $121M | 0.11% |
696,096
-27,992
| -4% | -$4.86M |
|
177
FirstEnergy
FE
$25.1B
| $120M | 0.11% |
3,248,670
+80,556
| +3% | +$2.98M |
|
178
Kraft Heinz
KHC
$30.8B
| $120M | 0.11% |
3,597,663
+1,076,530
| +43% | +$35.9M |
|
179
CMS Energy
CMS
$21.3B
| $120M | 0.11% |
2,054,601
-95,951
| -4% | -$5.59M |
|
180
Marathon Petroleum
MPC
$54.8B
| $119M | 0.11% |
1,196,740
+100,309
| +9% | +$9.96M |
|
181
General Dynamics
GD
$87.3B
| $117M | 0.11% |
551,660
+84,536
| +18% | +$17.9M |
|
182
Snowflake
SNOW
$77.9B
| $117M | 0.11% |
687,149
+307,401
| +81% | +$52.2M |
|
|
PXD
183
DELISTED
Pioneer Natural Resource Co.
PXD
| $117M | 0.11% |
539,106
+94,825
| +21% | +$20.5M |
|
184
Palo Alto Networks
PANW
$127B
| $117M | 0.11% |
711,521
+495,206
| +229% | +$81.1M |
|
185
Edwards Lifesciences
EW
$48B
| $116M | 0.11% |
1,402,343
+222,547
| +19% | +$18.4M |
|
186
McKesson
MCK
$86B
| $116M | 0.11% |
340,406
+55,455
| +19% | +$18.8M |
|
187
Occidental Petroleum
OXY
$47.3B
| $116M | 0.11% |
1,879,723
+265,658
| +16% | +$16.3M |
|
188
Air Products & Chemicals
APD
$65B
| $115M | 0.11% |
496,101
+74,990
| +18% | +$17.5M |
|
189
Schlumberger
SLB
$53.6B
| $115M | 0.11% |
3,213,914
+485,704
| +18% | +$17.4M |
|
190
Lam Research
LRCX
$123B
| $114M | 0.1% |
310,973
+36,721
| +13% | +$13.4M |
|
191
Alexandria Real Estate Equities
ARE
$13.8B
| $114M | 0.1% |
810,987
-15,830
| -2% | -$2.22M |
|
192
Clorox
CLX
$14.7B
| $113M | 0.1% |
878,781
-28,944
| -3% | -$3.72M |
|
193
BioMarin Pharmaceuticals
BMRN
$11.3B
| $112M | 0.1% |
1,325,008
-6,913
| -0.5% | -$586K |
|
194
Norfolk Southern
NSC
$62.4B
| $112M | 0.1% |
532,157
+70,510
| +15% | +$14.8M |
|
195
Estee Lauder
EL
$32.7B
| $112M | 0.1% |
516,540
+72,262
| +16% | +$15.6M |
|
196
Sherwin-Williams
SHW
$90B
| $110M | 0.1% |
539,539
+79,157
| +17% | +$16.2M |
|
197
Conagra Brands
CAG
$8.99B
| $109M | 0.1% |
3,346,951
-70,460
| -2% | -$2.3M |
|
198
General Motors
GM
$55.7B
| $108M | 0.1% |
3,350,092
+593,098
| +22% | +$19M |
|
199
Expeditors International
EXPD
$16.4B
| $107M | 0.1% |
1,216,660
-26,357
| -2% | -$2.33M |
|
200
Ball Corp
BALL
$13.9B
| $107M | 0.1% |
2,216,522
-116,898
| -5% | -$5.65M |
|