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 |
Coca-Cola
KO
|
$198M |
| 2 |
PepsiCo
PEP
|
$177M |
| 3 |
Procter & Gamble
PG
|
$156M |
| 4 |
Linde
LIN
|
$155M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$152M |
Top Sells
| 1 |
AET
Aetna Inc
AET
|
$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$174M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
$142M |
| 4 |
PX
Praxair Inc
PX
|
$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
$81.8M |
Sector Composition
| 1 | Financials | 16.41% |
| 2 | Technology | 16.21% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.86% |
| 5 | Industrials | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Essex Property Trust
ESS
$17.3B
| $78.2M | 0.11% |
319,100
+102,016
| +47% | +$25M |
|
202
CMS Energy
CMS
$21.4B
| $77.8M | 0.11% |
1,566,322
+486,192
| +45% | +$24.1M |
|
203
Ball Corp
BALL
$13.9B
| $77.3M | 0.11% |
1,681,382
+437,581
| +35% | +$20.1M |
|
204
Archer Daniels Midland
ADM
$30.2B
| $77.1M | 0.11% |
1,881,622
+187,354
| +11% | +$7.68M |
|
205
Illumina
ILMN
$15.7B
| $77M | 0.11% |
264,028
-20,703
| -7% | -$6.04M |
|
206
Emerson Electric
EMR
$74.6B
| $76.6M | 0.11% |
1,282,389
-160,305
| -11% | -$9.58M |
|
207
Boston Properties
BXP
$12.2B
| $76.4M | 0.11% |
679,051
+164,851
| +32% | +$18.6M |
|
208
Darden Restaurants
DRI
$24.5B
| $76.2M | 0.11% |
763,198
+184,847
| +32% | +$18.5M |
|
209
O'Reilly Automotive
ORLY
$89B
| $75.4M | 0.11% |
3,283,875
+26,505
| +0.8% | +$608K |
|
210
Eaton
ETN
$136B
| $74.9M | 0.11% |
1,091,430
-31,855
| -3% | -$2.19M |
|
211
C.H. Robinson
CHRW
$14.9B
| $73.7M | 0.1% |
875,854
+178,341
| +26% | +$15M |
|
212
Enterprise Products Partners
EPD
$68.6B
| $73.5M | 0.1% |
2,987,877
-33,449
| -1% | -$823K |
|
213
Loews
L
$20B
| $73.3M | 0.1% |
1,610,859
+403,256
| +33% | +$18.4M |
|
214
Check Point Software Technologies
CHKP
$20.7B
| $72.7M | 0.1% |
708,483
+122,900
| +21% | +$12.6M |
|
215
Genuine Parts
GPC
$19.4B
| $72.6M | 0.1% |
755,719
+194,125
| +35% | +$18.6M |
|
216
Delta Air Lines
DAL
$39.9B
| $72.2M | 0.1% |
1,447,621
-118,555
| -8% | -$5.92M |
|
217
Healthpeak Properties
DOC
$12.8B
| $72.1M | 0.1% |
2,579,695
+761,159
| +42% | +$21.3M |
|
|
LLL
218
DELISTED
L3 Technologies, Inc.
LLL
| $71.9M | 0.1% |
413,949
+102,174
| +33% | +$17.7M |
|
219
Southwest Airlines
LUV
$16.5B
| $71.6M | 0.1% |
1,539,808
+114,858
| +8% | +$5.34M |
|
220
Tesla
TSLA
$1.13T
| $71.5M | 0.1% |
3,222,840
+126,840
| +4% | +$2.81M |
|
|
TSS
221
DELISTED
Total System Services, Inc.
TSS
| $71.5M | 0.1% |
879,018
+245,094
| +39% | +$19.9M |
|
222
Kroger
KR
$44.8B
| $71.2M | 0.1% |
2,588,463
+15,698
| +0.6% | +$432K |
|
223
Prologis
PLD
$105B
| $70.7M | 0.1% |
1,204,649
-58,152
| -5% | -$3.41M |
|
224
LyondellBasell Industries
LYB
$17.7B
| $70.5M | 0.1% |
848,057
-30,946
| -4% | -$2.57M |
|
225
Markel Group
MKL
$24.2B
| $69.9M | 0.1% |
67,355
+19,881
| +42% | +$20.6M |
|