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 |
Apple
AAPL
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Gartner
IT
$19B
| $136M | 0.12% | 405,999 +69,084 | +21% | +$23.2M |
|
177
Lam Research
LRCX
$127B
| $135M | 0.11% | 320,196 +9,223 | +3% | +$3.88M |
|
178
US Bancorp
USB
$76B
| $133M | 0.11% | 3,058,428 -208 | -0% | -$9.07K |
|
179
Church & Dwight Co
CHD
$22.7B
| $132M | 0.11% | 1,643,391 -100,158 | -6% | -$8.07M |
|
180
FirstEnergy
FE
$25.2B
| $132M | 0.11% | 3,154,789 -93,881 | -3% | -$3.94M |
|
181
VeriSign
VRSN
$25.5B
| $131M | 0.11% | 639,511 -56,585 | -8% | -$11.6M |
|
182
Moderna
MRNA
$9.37B
| $130M | 0.11% | 726,223 -35,257 | -5% | -$6.33M |
|
183
Marathon Petroleum
MPC
$54.6B
| $130M | 0.11% | 1,120,288 -76,452 | -6% | -$8.9M |
|
184
Estee Lauder
EL
$33B
| $130M | 0.11% | 523,950 +7,410 | +1% | +$1.84M |
|
185
Truist Financial
TFC
$60.4B
| $130M | 0.11% | 3,012,363 +12,879 | +0.4% | +$554K |
|
186
Sherwin-Williams
SHW
$91.2B
| $129M | 0.11% | 544,314 +4,775 | +0.9% | +$1.13M |
|
187
Norfolk Southern
NSC
$62.8B
| $129M | 0.11% | 522,261 -9,896 | -2% | -$2.44M |
|
188
Micron Technology
MU
$133B
| $128M | 0.11% | 2,565,702 -577 | -0% | -$28.8K |
|
189
BioMarin Pharmaceuticals
BMRN
$11.2B
| $128M | 0.11% | 1,233,289 -91,719 | -7% | -$9.49M |
|
190
Cadence Design Systems
CDNS
$95.5B
| $127M | 0.11% | 787,586 -94,609 | -11% | -$15.2M |
|
|
PXD
191
DELISTED
Pioneer Natural Resource Co.
PXD
| $125M | 0.11% | 549,176 +10,070 | +2% | +$2.3M |
|
192
Emerson Electric
EMR
$74.3B
| $124M | 0.11% | 1,296,004 +186,890 | +17% | +$18M |
|
193
Kellanova
K
$27.6B
| $124M | 0.11% | 1,743,895 -71,737 | -4% | -$5.11M |
|
194
Conagra Brands
CAG
$9.16B
| $123M | 0.1% | 3,178,724 -168,227 | -5% | -$6.51M |
|
195
CMS Energy
CMS
$21.4B
| $123M | 0.1% | 1,939,748 -114,853 | -6% | -$7.27M |
|
196
Freeport-McMoran
FCX
$63.7B
| $122M | 0.1% | 3,216,758 -40,618 | -1% | -$1.54M |
|
197
Quest Diagnostics
DGX
$20.3B
| $122M | 0.1% | 781,248 -59,353 | -7% | -$9.29M |
|
198
Markel Group
MKL
$24.8B
| $122M | 0.1% | 92,690 -5,127 | -5% | -$6.75M |
|
199
Old Dominion Freight Line
ODFL
$31.7B
| $122M | 0.1% | 428,692 -188,115 | -30% | -$53.4M |
|
200
Archer Daniels Midland
ADM
$30.1B
| $120M | 0.1% | 1,295,165 -8,249 | -0.6% | -$766K |
|