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 |
Verizon
VZ
|
$165M |
| 2 |
Oracle
ORCL
|
$139M |
| 3 |
CME Group
CME
|
$99.7M |
| 4 |
Gilead Sciences
GILD
|
$94.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$94.2M |
Top Sells
| 1 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
RTX Corp
RTX
|
$289M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$192M |
| 5 |
Humana
HUM
|
$149M |
Sector Composition
| 1 | Technology | 19.65% |
| 2 | Financials | 13.7% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 9.89% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Quest Diagnostics
DGX
$20.1B
| $90.8M | 0.11% |
1,131,283
+14,122
| +1% | +$1.13M |
|
202
UDR
UDR
$12.7B
| $90.1M | 0.11% |
2,465,379
+61,976
| +3% | +$2.26M |
|
203
Regeneron Pharmaceuticals
REGN
$61B
| $89.8M | 0.11% |
183,991
-10,434
| -5% | -$5.09M |
|
204
Verisk Analytics
VRSK
$36.9B
| $89.1M | 0.11% |
638,948
-19,432
| -3% | -$2.71M |
|
205
Deere & Co
DE
$129B
| $88.7M | 0.11% |
641,914
-109,646
| -15% | -$15.1M |
|
206
Edwards Lifesciences
EW
$48B
| $88.5M | 0.11% |
468,989
-50,625
| -10% | -$9.55M |
|
207
Nasdaq
NDAQ
$53.6B
| $88.2M | 0.11% |
929,313
-23,361
| -2% | -$2.22M |
|
208
Charles Schwab
SCHW
$173B
| $87.1M | 0.11% |
2,590,130
-208,171
| -7% | -$7M |
|
209
Tyson Foods
TSN
$20.2B
| $86.7M | 0.1% |
1,497,922
-250,214
| -14% | -$14.5M |
|
210
Sherwin-Williams
SHW
$89.9B
| $86.3M | 0.1% |
187,712
-7,415
| -4% | -$3.41M |
|
211
Norfolk Southern
NSC
$62.1B
| $85.1M | 0.1% |
583,146
-43,789
| -7% | -$6.39M |
|
212
W.P. Carey
WPC
$14.4B
| $84.3M | 0.1% |
1,451,173
+37,000
| +3% | +$2.15M |
|
213
Equity Lifestyle Properties
ELS
$11.5B
| $83.8M | 0.1% |
1,458,185
+19,170
| +1% | +$1.1M |
|
214
Cboe Global Markets
CBOE
$24.4B
| $83.4M | 0.1% |
934,177
+8,821
| +1% | +$787K |
|
|
RTN
215
DELISTED
Raytheon Company
RTN
| $83M | 0.1% |
632,592
-127,119
| -17% | -$16.7M |
|
216
Illumina
ILMN
$15.4B
| $82.7M | 0.1% |
302,802
-34,943
| -10% | -$9.54M |
|
217
Ventas
VTR
$30.7B
| $81.4M | 0.1% |
3,038,747
-67,032
| -2% | -$1.8M |
|
218
Booz Allen Hamilton
BAH
$13.5B
| $81.1M | 0.1% |
1,181,717
+18,923
| +2% | +$1.3M |
|
219
Akamai
AKAM
$11B
| $80.1M | 0.1% |
875,493
+98,079
| +13% | +$8.97M |
|
220
Lam Research
LRCX
$123B
| $80M | 0.1% |
333,268
-22,248
| -6% | -$5.34M |
|
|
WBA
221
DELISTED
Walgreens Boots Alliance
WBA
| $79.5M | 0.1% |
1,737,443
-113,415
| -6% | -$5.19M |
|
222
Estee Lauder
EL
$32.5B
| $79.2M | 0.1% |
497,015
-18,256
| -4% | -$2.91M |
|
223
Brown-Forman Class B
BF.B
$13.8B
| $79M | 0.1% |
1,423,017
-623,306
| -30% | -$34.6M |
|
224
O'Reilly Automotive
ORLY
$87.6B
| $78.8M | 0.1% |
261,666
-12,208
| -4% | -$3.68M |
|
225
Moody's
MCO
$89.3B
| $78M | 0.09% |
368,850
-22,367
| -6% | -$4.73M |
|