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
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
Microsoft
MSFT
|
$209M |
| 4 |
JPMorgan Chase
JPM
|
$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Annaly Capital Management
NLY
$14.2B
| $96.1M | 0.11% |
2,632,157
+492,306
| +23% | +$18M |
|
202
Norfolk Southern
NSC
$62.3B
| $95.9M | 0.11% |
481,341
-60,834
| -11% | -$12.1M |
|
203
Illinois Tool Works
ITW
$77.6B
| $95.9M | 0.11% |
636,174
-16,009
| -2% | -$2.41M |
|
204
Coca-Cola Europacific Partners
CCEP
$40.4B
| $95.8M | 0.11% |
1,694,835
+294,678
| +21% | +$16.6M |
|
205
Target
TGT
$42.3B
| $94M | 0.11% |
1,085,512
-255,365
| -19% | -$22.1M |
|
206
Blackrock
BLK
$170B
| $91.5M | 0.11% |
194,953
-17,664
| -8% | -$8.29M |
|
207
UDR
UDR
$13B
| $91.3M | 0.11% |
2,033,501
+408,048
| +25% | +$18.3M |
|
208
O'Reilly Automotive
ORLY
$89B
| $91.2M | 0.11% |
3,704,955
+212,805
| +6% | +$5.24M |
|
209
EOG Resources
EOG
$64.4B
| $91M | 0.11% |
977,026
-47,980
| -5% | -$4.47M |
|
210
Hasbro
HAS
$11.2B
| $90.6M | 0.11% |
857,271
+146,149
| +21% | +$15.4M |
|
211
Leidos
LDOS
$23B
| $90.5M | 0.11% |
1,133,922
+114,737
| +11% | +$9.16M |
|
|
VAR
212
DELISTED
Varian Medical Systems, Inc.
VAR
| $90.4M | 0.11% |
664,139
+79,099
| +14% | +$10.8M |
|
213
Intercontinental Exchange
ICE
$99.8B
| $90.2M | 0.11% |
1,049,389
-41,863
| -4% | -$3.6M |
|
214
Atmos Energy
ATO
$26.7B
| $90.1M | 0.11% |
853,911
+167,365
| +24% | +$17.7M |
|
215
FirstEnergy
FE
$25.1B
| $90M | 0.11% |
2,102,424
+350,927
| +20% | +$15M |
|
216
C.H. Robinson
CHRW
$14.9B
| $90M | 0.11% |
1,066,514
+89,213
| +9% | +$7.53M |
|
217
Illumina
ILMN
$15.7B
| $89.7M | 0.11% |
250,549
-3,918
| -2% | -$1.4M |
|
218
Estee Lauder
EL
$32.1B
| $89.5M | 0.11% |
488,739
-39,954
| -8% | -$7.32M |
|
219
American International
AIG
$43.9B
| $88.8M | 0.1% |
1,667,067
-210,037
| -11% | -$11.2M |
|
220
Hormel Foods
HRL
$14.1B
| $88.6M | 0.1% |
2,185,832
+412,027
| +23% | +$16.7M |
|
221
General Motors
GM
$55.5B
| $88.2M | 0.1% |
2,290,367
-552,905
| -19% | -$21.3M |
|
222
Alexandria Real Estate Equities
ARE
$14.5B
| $87.8M | 0.1% |
622,201
+138,897
| +29% | +$19.6M |
|
|
WBA
223
DELISTED
Walgreens Boots Alliance
WBA
| $87.6M | 0.1% |
1,602,310
-240,896
| -13% | -$13.2M |
|
|
FRC
224
DELISTED
First Republic Bank
FRC
| $86.9M | 0.1% |
890,204
+125,344
| +16% | +$12.2M |
|
225
Universal Health Services
UHS
$12.1B
| $86.6M | 0.1% |
664,083
+59,039
| +10% | +$7.7M |
|