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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Schlumberger
SLB
$53.4B
| $110M | 0.11% |
3,216,875
+717,943
| +29% | +$24.5M |
|
202
General Motors
GM
$55.5B
| $110M | 0.11% |
2,931,059
+640,692
| +28% | +$24M |
|
203
Norfolk Southern
NSC
$62.3B
| $109M | 0.11% |
608,224
+126,883
| +26% | +$22.8M |
|
|
CERN
204
DELISTED
Cerner Corp
CERN
| $109M | 0.11% |
1,595,854
+200,175
| +14% | +$13.6M |
|
205
Check Point Software Technologies
CHKP
$20.7B
| $109M | 0.11% |
993,363
+68,280
| +7% | +$7.48M |
|
206
Alexandria Real Estate Equities
ARE
$14.5B
| $109M | 0.11% |
706,078
+83,877
| +13% | +$12.9M |
|
207
UDR
UDR
$13B
| $108M | 0.11% |
2,232,982
+199,481
| +10% | +$9.67M |
|
208
Genuine Parts
GPC
$19.4B
| $108M | 0.11% |
1,085,033
+82,309
| +8% | +$8.2M |
|
209
Cboe Global Markets
CBOE
$24.3B
| $108M | 0.11% |
940,186
+759,677
| +421% | +$87.3M |
|
210
Air Products & Chemicals
APD
$64.5B
| $108M | 0.11% |
486,512
+110,071
| +29% | +$24.4M |
|
|
WBA
211
DELISTED
Walgreens Boots Alliance
WBA
| $108M | 0.11% |
1,951,028
+348,718
| +22% | +$19.3M |
|
212
Hormel Foods
HRL
$14.1B
| $108M | 0.11% |
2,462,461
+276,629
| +13% | +$12.1M |
|
213
Universal Health Services
UHS
$12.1B
| $107M | 0.11% |
722,594
+58,511
| +9% | +$8.7M |
|
214
General Dynamics
GD
$86.8B
| $107M | 0.11% |
586,483
+137,707
| +31% | +$25.2M |
|
|
CTXS
215
DELISTED
Citrix Systems Inc
CTXS
| $107M | 0.11% |
1,108,086
+78,455
| +8% | +$7.57M |
|
216
Sherwin-Williams
SHW
$92.9B
| $107M | 0.11% |
581,934
+139,332
| +31% | +$25.5M |
|
217
Micron Technology
MU
$147B
| $107M | 0.11% |
2,486,837
+558,081
| +29% | +$23.9M |
|
218
Expeditors International
EXPD
$16.4B
| $107M | 0.11% |
1,433,739
+69,788
| +5% | +$5.18M |
|
219
Verisk Analytics
VRSK
$37.8B
| $106M | 0.11% |
672,671
+83,944
| +14% | +$13.3M |
|
220
ServiceNow
NOW
$190B
| $105M | 0.1% |
415,262
+110,527
| +36% | +$28.1M |
|
221
Leidos
LDOS
$23B
| $104M | 0.1% |
1,212,384
+78,462
| +7% | +$6.74M |
|
222
Atmos Energy
ATO
$26.7B
| $104M | 0.1% |
913,690
+59,779
| +7% | +$6.81M |
|
223
Capital One
COF
$142B
| $103M | 0.1% |
1,136,486
+237,652
| +26% | +$21.6M |
|
224
J.M. Smucker
SJM
$12B
| $103M | 0.1% |
931,900
+92,294
| +11% | +$10.2M |
|
225
Alliant Energy
LNT
$16.6B
| $102M | 0.1% |
1,897,358
+162,312
| +9% | +$8.75M |
|