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 |
Apple
AAPL
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
HCA Healthcare
HCA
$94.5B
| $120M | 0.1% | 499,154 -10,586 | -2% | -$2.54M |
|
202
Johnson Controls International
JCI
$69.9B
| $118M | 0.1% | 1,849,597 +256,500 | +16% | +$16.4M |
|
203
Expeditors International
EXPD
$16.4B
| $116M | 0.1% | 1,115,327 -101,333 | -8% | -$10.5M |
|
204
Clorox
CLX
$14.5B
| $116M | 0.1% | 824,797 -53,984 | -6% | -$7.58M |
|
205
Alexandria Real Estate Equities
ARE
$14.1B
| $115M | 0.1% | 790,572 -20,415 | -3% | -$2.97M |
|
206
Occidental Petroleum
OXY
$46.9B
| $115M | 0.1% | 1,825,274 -54,449 | -3% | -$3.43M |
|
207
Valero Energy
VLO
$47.2B
| $114M | 0.1% | 898,491 -13,073 | -1% | -$1.66M |
|
208
J.M. Smucker
SJM
$11.8B
| $113M | 0.1% | 716,252 -43,355 | -6% | -$6.87M |
|
209
Phillips 66
PSX
$54B
| $113M | 0.1% | 1,090,398 -11,081 | -1% | -$1.15M |
|
210
Synopsys
SNPS
$112B
| $112M | 0.1% | 352,156 +6,393 | +2% | +$2.04M |
|
211
CDW
CDW
$21.6B
| $112M | 0.1% | 626,649 +75,432 | +14% | +$13.5M |
|
212
Cooper Companies
COO
$13.4B
| $111M | 0.09% | 335,969 -21,739 | -6% | -$7.19M |
|
213
General Motors
GM
$55.8B
| $111M | 0.09% | 3,294,662 -55,430 | -2% | -$1.86M |
|
214
Centene
CNC
$14.3B
| $111M | 0.09% | 1,350,862 +32,607 | +2% | +$2.67M |
|
215
MetLife
MET
$54.1B
| $110M | 0.09% | 1,514,132 -58,729 | -4% | -$4.25M |
|
216
American International
AIG
$45.1B
| $109M | 0.09% | 1,728,036 -36,895 | -2% | -$2.33M |
|
217
Labcorp
LH
$23.1B
| $109M | 0.09% | 463,447 -517 | -0.1% | -$122K |
|
218
Broadridge
BR
$29.9B
| $108M | 0.09% | 802,951 -39,372 | -5% | -$5.28M |
|
219
Agilent Technologies
A
$35.7B
| $106M | 0.09% | 708,501 -24,626 | -3% | -$3.69M |
|
220
Hologic
HOLX
$14.9B
| $105M | 0.09% | 1,405,299 +77,759 | +6% | +$5.82M |
|
221
Aflac
AFL
$57.2B
| $105M | 0.09% | 1,456,567 -4,469 | -0.3% | -$322K |
|
222
Ford
F
$46.8B
| $105M | 0.09% | 9,004,649 -106,710 | -1% | -$1.24M |
|
223
Uber
UBER
$196B
| $104M | 0.09% | 4,207,040 +337,728 | +9% | +$8.35M |
|
224
Atmos Energy
ATO
$26.7B
| $104M | 0.09% | 925,985 -34,851 | -4% | -$3.91M |
|
225
Biogen
BIIB
$19.4B
| $103M | 0.09% | 371,892 -14,101 | -4% | -$3.9M |
|