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 |
AGN
Allergan plc
AGN
|
$57.2M |
| 2 |
WFT
Weatherford International plc
WFT
|
$42.9M |
| 3 |
Liberty Media Series C
FWONK
|
$27.2M |
| 4 |
Meta Platforms (Facebook)
META
|
$25.2M |
| 5 |
Alibaba
BABA
|
$22.2M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$98.2M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
$73.6M |
| 3 |
Exxon Mobil
XOM
|
$43M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
$38.7M |
| 5 |
Apple
AAPL
|
$33.3M |
Sector Composition
| 1 | Financials | 16.01% |
| 2 | Technology | 14.34% |
| 3 | Healthcare | 13.09% |
| 4 | Industrials | 10.65% |
| 5 | Energy | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
TYC
201
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $71.7M | 0.1% |
1,535,611
-48,323
| -3% | -$2.26M |
|
|
PARA
202
DELISTED
Paramount Global Class B
PARA
| $71.5M | 0.1% |
1,336,843
-385,439
| -22% | -$20.6M |
|
203
CME Group
CME
$94.4B
| $71.3M | 0.1% |
891,974
-26,129
| -3% | -$2.09M |
|
204
Cummins
CMI
$55.1B
| $70.7M | 0.1% |
536,014
-68,878
| -11% | -$9.09M |
|
205
Air Products & Chemicals
APD
$64.5B
| $70.7M | 0.1% |
586,940
-27,565
| -4% | -$3.32M |
|
206
Kinder Morgan
KMI
$59.1B
| $70.3M | 0.1% |
1,834,212
+123,294
| +7% | +$4.73M |
|
207
Intuit
INTU
$188B
| $69.9M | 0.1% |
797,900
+5,300
| +0.7% | +$465K |
|
208
Boston Scientific
BSX
$159B
| $69.5M | 0.1% |
5,885,566
+270,582
| +5% | +$3.2M |
|
209
Tesla
TSLA
$1.13T
| $69.2M | 0.1% |
4,280,070
-19,365
| -0.5% | -$313K |
|
|
CB
210
DELISTED
CHUBB CORPORATION
CB
| $68.8M | 0.1% |
754,847
+1,700
| +0.2% | +$155K |
|
211
Hartford Financial Services
HIG
$37B
| $68.6M | 0.09% |
1,841,984
-63,094
| -3% | -$2.35M |
|
212
HCA Healthcare
HCA
$98.5B
| $68.4M | 0.09% |
970,272
+83,672
| +9% | +$5.9M |
|
213
Invesco
IVZ
$9.81B
| $67.7M | 0.09% |
1,715,393
-38,985
| -2% | -$1.54M |
|
214
Aon
AON
$79.9B
| $67.6M | 0.09% |
771,080
-16,700
| -2% | -$1.46M |
|
215
American Airlines Group
AAL
$8.63B
| $67.6M | 0.09% |
1,904,432
-55,550
| -3% | -$1.97M |
|
216
Macy's
M
$4.64B
| $67.1M | 0.09% |
1,153,247
-75,100
| -6% | -$4.37M |
|
|
SE
217
DELISTED
Spectra Energy Corp Wi
SE
| $67.1M | 0.09% |
1,707,925
-73,700
| -4% | -$2.89M |
|
218
International Paper
IP
$25.7B
| $66.7M | 0.09% |
1,475,173
+53,474
| +4% | +$2.42M |
|
219
Energy Transfer Partners
ET
$59.7B
| $66.6M | 0.09% |
2,160,600
-55,200
| -2% | -$1.7M |
|
220
Zoetis
ZTS
$67.9B
| $65.9M | 0.09% |
1,783,385
+60,300
| +3% | +$2.23M |
|
221
TE Connectivity
TEL
$61.7B
| $64.6M | 0.09% |
1,167,505
-6,400
| -0.5% | -$354K |
|
222
Salesforce
CRM
$239B
| $63.9M | 0.09% |
1,110,779
-6,600
| -0.6% | -$380K |
|
223
Public Service Enterprise Group
PEG
$40.5B
| $63.2M | 0.09% |
1,697,865
-285,400
| -14% | -$10.6M |
|
|
KMP
224
DELISTED
KINDER MORGAN ENER PNTRS L.P.
KMP
| $62.9M | 0.09% |
674,203
+19,800
| +3% | +$1.85M |
|
|
NBL
225
DELISTED
Noble Energy, Inc.
NBL
| $62.7M | 0.09% |
917,322
-7,100
| -0.8% | -$485K |
|