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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Garmin
GRMN
$46.5B
| $125M | 0.1% |
1,053,933
-30,651
| -3% | -$3.64M |
|
202
General Motors
GM
$55.8B
| $123M | 0.1% |
2,822,270
-221,698
| -7% | -$9.7M |
|
203
Kellanova
K
$27.6B
| $123M | 0.1% |
1,911,051
-10,278
| -0.5% | -$663K |
|
204
Quest Diagnostics
DGX
$20.3B
| $123M | 0.1% |
899,728
-34,118
| -4% | -$4.67M |
|
205
Eaton
ETN
$136B
| $122M | 0.1% |
806,027
-54,264
| -6% | -$8.24M |
|
206
Boston Scientific
BSX
$156B
| $122M | 0.1% |
2,759,105
-248,532
| -8% | -$11M |
|
207
Sherwin-Williams
SHW
$91.2B
| $122M | 0.09% |
488,272
-31,968
| -6% | -$7.98M |
|
208
Marvell Technology
MRVL
$54.2B
| $121M | 0.09% |
1,685,827
-39,537
| -2% | -$2.84M |
|
|
VMW
209
DELISTED
VMware, Inc
VMW
| $120M | 0.09% |
1,055,080
+585,203
| +125% | +$66.6M |
|
210
General Dynamics
GD
$87.3B
| $120M | 0.09% |
498,047
-38,555
| -7% | -$9.3M |
|
211
Moderna
MRNA
$9.37B
| $119M | 0.09% |
692,870
-66,117
| -9% | -$11.4M |
|
212
Alliant Energy
LNT
$16.7B
| $118M | 0.09% |
1,881,066
-3,176
| -0.2% | -$198K |
|
213
Evergy
EVRG
$16.4B
| $117M | 0.09% |
1,714,470
-18,035
| -1% | -$1.23M |
|
214
Schlumberger
SLB
$55B
| $117M | 0.09% |
2,830,410
-181,974
| -6% | -$7.52M |
|
|
XYZ
215
Block, Inc.
XYZ
$48.5B
| $117M | 0.09% |
860,876
+96,369
| +13% | +$13.1M |
|
|
216
Conagra Brands
CAG
$9.16B
| $116M | 0.09% |
3,446,394
+2,451,779
| +247% | +$82.3M |
|
217
Emerson Electric
EMR
$74.3B
| $116M | 0.09% |
1,178,258
-104,764
| -8% | -$10.3M |
|
218
Atmos Energy
ATO
$26.7B
| $114M | 0.09% |
956,148
+6,648
| +0.7% | +$794K |
|
219
Zoom
ZM
$24.4B
| $114M | 0.09% |
973,233
+5,969
| +0.6% | +$700K |
|
220
Capital One
COF
$145B
| $114M | 0.09% |
868,515
-80,770
| -9% | -$10.6M |
|
221
KLA
KLAC
$115B
| $114M | 0.09% |
311,081
-17,599
| -5% | -$6.44M |
|
222
Gen Digital
GEN
$18.6B
| $113M | 0.09% |
4,277,339
+198,999
| +5% | +$5.28M |
|
223
Hormel Foods
HRL
$14B
| $113M | 0.09% |
2,197,644
-25,640
| -1% | -$1.32M |
|
224
FedEx
FDX
$54.5B
| $113M | 0.09% |
489,346
-36,284
| -7% | -$8.4M |
|
225
Digital Realty Trust
DLR
$57.2B
| $113M | 0.09% |
795,489
-38,129
| -5% | -$5.41M |
|