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 |
IBM
IBM
|
$170M |
| 2 |
Mondelez International
MDLZ
|
$92M |
| 3 |
Warner Bros
WBD
|
$86.5M |
| 4 |
Roper Technologies
ROP
|
$82.7M |
| 5 |
Keurig Dr Pepper
KDP
|
$74.1M |
Top Sells
| 1 |
Apple
AAPL
|
$242M |
| 2 |
Microsoft
MSFT
|
$207M |
| 3 |
AT&T
T
|
$206M |
| 4 |
Amazon
AMZN
|
$198M |
| 5 |
CERN
Cerner Corp
CERN
|
$180M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
General Dynamics
GD
$86.7B
| $103M | 0.1% |
467,124
-30,923
| -6% | -$6.84M |
|
202
Sherwin-Williams
SHW
$91.2B
| $103M | 0.1% |
460,382
-27,890
| -6% | -$6.24M |
|
203
Hormel Foods
HRL
$13.9B
| $102M | 0.1% |
2,162,923
-34,721
| -2% | -$1.64M |
|
204
Digital Realty Trust
DLR
$55.5B
| $102M | 0.1% |
788,569
-6,920
| -0.9% | -$898K |
|
205
Pool Corp
POOL
$11.8B
| $102M | 0.1% |
291,164
-6,966
| -2% | -$2.45M |
|
206
Incyte
INCY
$16.7B
| $102M | 0.1% |
1,344,262
-38,993
| -3% | -$2.96M |
|
207
J.M. Smucker
SJM
$12B
| $102M | 0.1% |
797,056
-13,464
| -2% | -$1.72M |
|
208
Garmin
GRMN
$45.7B
| $102M | 0.1% |
1,036,596
-17,337
| -2% | -$1.7M |
|
209
Air Products & Chemicals
APD
$64.5B
| $101M | 0.09% |
421,111
-21,220
| -5% | -$5.1M |
|
210
Tyler Technologies
TYL
$24B
| $101M | 0.09% |
304,191
-2,510
| -0.8% | -$835K |
|
211
Brown & Brown
BRO
$31.5B
| $100M | 0.09% |
1,716,561
-36,370
| -2% | -$2.12M |
|
212
Corning
GLW
$59.7B
| $99.3M | 0.09% |
3,151,038
+1,647,814
| +110% | +$51.9M |
|
|
PXD
213
DELISTED
Pioneer Natural Resource Co.
PXD
| $99.1M | 0.09% |
444,281
+5,580
| +1% | +$1.24M |
|
214
Coterra Energy
CTRA
$18.6B
| $98.9M | 0.09% |
3,833,301
-1,877,343
| -33% | -$48.4M |
|
215
Boston Scientific
BSX
$159B
| $98.4M | 0.09% |
2,640,860
-118,245
| -4% | -$4.41M |
|
216
Jack Henry & Associates
JKHY
$11.8B
| $97.9M | 0.09% |
543,642
-7,966
| -1% | -$1.43M |
|
217
Schlumberger
SLB
$53.7B
| $97.6M | 0.09% |
2,728,210
-102,200
| -4% | -$3.65M |
|
218
C.H. Robinson
CHRW
$15.1B
| $96.5M | 0.09% |
951,785
-18,047
| -2% | -$1.83M |
|
219
Omnicom Group
OMC
$15.2B
| $96.4M | 0.09% |
1,514,759
-83,831
| -5% | -$5.33M |
|
220
Kraft Heinz
KHC
$31.9B
| $96.2M | 0.09% |
2,521,133
+1,143,978
| +83% | +$43.6M |
|
221
Eaton
ETN
$136B
| $95.6M | 0.09% |
758,614
-47,413
| -6% | -$5.97M |
|
222
Occidental Petroleum
OXY
$45.9B
| $95M | 0.09% |
1,614,065
-130,571
| -7% | -$7.69M |
|
223
KLA
KLAC
$115B
| $94.5M | 0.09% |
296,012
-15,069
| -5% | -$4.81M |
|
224
Centene
CNC
$14.1B
| $94.3M | 0.09% |
1,114,024
-61,495
| -5% | -$5.2M |
|
225
Moderna
MRNA
$9.45B
| $93.7M | 0.09% |
655,817
-37,053
| -5% | -$5.29M |
|