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 |
Walt Disney
DIS
|
$134M |
| 2 |
PepsiCo
PEP
|
$132M |
| 3 |
Coca-Cola
KO
|
$126M |
| 4 |
Procter & Gamble
PG
|
$109M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$106M |
Top Sells
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$315M |
| 2 |
Mastercard
MA
|
$267M |
| 3 |
Apple
AAPL
|
$221M |
| 4 |
RTN
Raytheon Company
RTN
|
$149M |
| 5 |
Northrop Grumman
NOC
|
$131M |
Sector Composition
| 1 | Technology | 16.59% |
| 2 | Financials | 15.25% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.01% |
| 5 | Industrials | 8.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
O'Reilly Automotive
ORLY
$88B
| $90.4M | 0.11% |
232,810
+13,885
| +6% | +$5.39M |
|
|
202
Northrop Grumman
NOC
$84.5B
| $90M | 0.11% |
333,940
-486,801
| -59% | -$131M |
|
203
Capital One
COF
$145B
| $89.7M | 0.11% |
1,098,301
-88,783
| -7% | -$7.25M |
|
204
Estee Lauder
EL
$33B
| $87.5M | 0.11% |
528,693
-1,690
| -0.3% | -$280K |
|
205
Deere & Co
DE
$129B
| $87M | 0.11% |
544,239
-17,964
| -3% | -$2.87M |
|
206
Ford
F
$46.8B
| $86.4M | 0.11% |
9,839,488
-519,996
| -5% | -$4.57M |
|
207
Enterprise Products Partners
EPD
$69.6B
| $86.1M | 0.11% |
2,959,076
-28,801
| -1% | -$838K |
|
208
Valero Energy
VLO
$47.2B
| $85.8M | 0.11% |
1,011,321
-173,779
| -15% | -$14.7M |
|
209
Arthur J. Gallagher & Co
AJG
$77.6B
| $85.7M | 0.11% |
1,097,386
+208,973
| +24% | +$16.3M |
|
210
Micron Technology
MU
$133B
| $85.6M | 0.11% |
2,070,831
-115,518
| -5% | -$4.77M |
|
211
Annaly Capital Management
NLY
$13.6B
| $85.5M | 0.11% |
8,559,404
+2,227,158
| +35% | +$22.2M |
|
212
C.H. Robinson
CHRW
$15.2B
| $85M | 0.1% |
977,301
+101,447
| +12% | +$8.82M |
|
|
ATH
213
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $84.5M | 0.1% |
1,829,322
-6,822,783
| -79% | -$315M |
|
214
Emerson Electric
EMR
$74.3B
| $84.2M | 0.1% |
1,230,216
-52,173
| -4% | -$3.57M |
|
215
Archer Daniels Midland
ADM
$30.1B
| $84M | 0.1% |
1,946,539
+64,917
| +3% | +$2.8M |
|
216
Eaton
ETN
$136B
| $83.9M | 0.1% |
1,041,044
-50,386
| -5% | -$4.06M |
|
217
Charles Schwab
SCHW
$174B
| $83.4M | 0.1% |
1,950,291
-14,133
| -0.7% | -$604K |
|
218
Prologis
PLD
$106B
| $83.4M | 0.1% |
1,158,454
-46,195
| -4% | -$3.32M |
|
219
Intercontinental Exchange
ICE
$101B
| $83.1M | 0.1% |
1,091,252
-26,828
| -2% | -$2.04M |
|
220
Extra Space Storage
EXR
$30.5B
| $83.1M | 0.1% |
814,970
+127,499
| +19% | +$13M |
|
|
VAR
221
DELISTED
Varian Medical Systems, Inc.
VAR
| $82.9M | 0.1% |
585,040
+110,568
| +23% | +$15.7M |
|
222
Kinder Morgan
KMI
$60B
| $82.9M | 0.1% |
4,142,168
+54,149
| +1% | +$1.08M |
|
223
MetLife
MET
$54.1B
| $82.8M | 0.1% |
1,944,886
-141,297
| -7% | -$6.02M |
|
224
Southwest Airlines
LUV
$17.3B
| $82.8M | 0.1% |
1,594,735
+54,927
| +4% | +$2.85M |
|
225
Cincinnati Financial
CINF
$24B
| $82.5M | 0.1% |
960,891
+151,100
| +19% | +$13M |
|