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 |
AT&T
T
|
$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$146M |
| 3 |
PepsiCo
PEP
|
$65.1M |
| 4 |
Coca-Cola
KO
|
$62.7M |
| 5 |
Pfizer
PFE
|
$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
$178M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Microsoft
MSFT
|
$135M |
| 5 |
Amazon
AMZN
|
$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Air Products & Chemicals
APD
$64.5B
| $72.9M | 0.1% |
468,005
-3,374
| -0.7% | -$525K |
|
202
Xcel Energy
XEL
$43B
| $71.5M | 0.1% |
1,564,266
+237,724
| +18% | +$10.9M |
|
203
T Rowe Price
TROW
$23.8B
| $70.2M | 0.1% |
604,765
-56,018
| -8% | -$6.5M |
|
204
Johnson Controls International
JCI
$69.5B
| $69.1M | 0.1% |
2,065,343
+4,932
| +0.2% | +$165K |
|
205
PG&E
PCG
$33.2B
| $68.7M | 0.09% |
1,613,354
+1,749
| +0.1% | +$74.4K |
|
206
Corning
GLW
$61B
| $68.4M | 0.09% |
2,486,410
+17,698
| +0.7% | +$487K |
|
207
Sherwin-Williams
SHW
$92.9B
| $68.4M | 0.09% |
503,424
-18,102
| -3% | -$2.46M |
|
208
VF Corp
VFC
$5.86B
| $68.3M | 0.09% |
890,054
+51,440
| +6% | +$3.95M |
|
209
Carnival Corp
CCL
$42.8B
| $68.1M | 0.09% |
1,187,467
+147,589
| +14% | +$8.46M |
|
210
Hartford Financial Services
HIG
$37B
| $68M | 0.09% |
1,330,087
+164,973
| +14% | +$8.44M |
|
211
Equity Residential
EQR
$25.5B
| $67.4M | 0.09% |
1,058,849
+213,117
| +25% | +$13.6M |
|
212
Equinix
EQIX
$75.7B
| $67.2M | 0.09% |
156,408
-18,062
| -10% | -$7.76M |
|
213
Omnicom Group
OMC
$15.4B
| $65.9M | 0.09% |
863,499
+182,626
| +27% | +$13.9M |
|
214
Cummins
CMI
$55.1B
| $65.8M | 0.09% |
494,440
+8,686
| +2% | +$1.16M |
|
215
M&T Bank
MTB
$31.2B
| $65.8M | 0.09% |
386,449
-1,113
| -0.3% | -$189K |
|
216
Motorola Solutions
MSI
$79.8B
| $65.4M | 0.09% |
562,388
+140,110
| +33% | +$16.3M |
|
217
Weyerhaeuser
WY
$18.9B
| $65M | 0.09% |
1,783,487
-57,030
| -3% | -$2.08M |
|
218
Edison International
EIX
$21B
| $64.8M | 0.09% |
1,024,638
+174,261
| +20% | +$11M |
|
219
Keurig Dr Pepper
KDP
$38.9B
| $64.5M | 0.09% |
529,070
+83,220
| +19% | +$10.2M |
|
220
Analog Devices
ADI
$122B
| $64.5M | 0.09% |
672,380
-80,821
| -11% | -$7.75M |
|
221
AvalonBay Communities
AVB
$27.8B
| $64.4M | 0.09% |
374,867
+79,230
| +27% | +$13.6M |
|
222
Northern Trust
NTRS
$24.3B
| $64.4M | 0.09% |
625,989
+15,384
| +3% | +$1.58M |
|
223
Paychex
PAYX
$48.7B
| $64.3M | 0.09% |
941,092
+206,536
| +28% | +$14.1M |
|
224
Regions Financial
RF
$24.1B
| $64.3M | 0.09% |
3,613,938
-377,992
| -9% | -$6.72M |
|
225
Las Vegas Sands
LVS
$36.9B
| $62.3M | 0.09% |
816,384
-110,870
| -12% | -$8.47M |
|