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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Omnicom Group
OMC
$15.4B
| $108M | 0.1% |
1,139,506
-73,708
| -6% | -$6.95M |
|
202
Corning
GLW
$61B
| $107M | 0.1% |
3,044,928
| – | – |
|
203
J.M. Smucker
SJM
$12B
| $107M | 0.1% |
680,775
-35,477
| -5% | -$5.58M |
|
204
Sherwin-Williams
SHW
$92.9B
| $107M | 0.09% |
475,304
-69,010
| -13% | -$15.5M |
|
205
Hologic
HOLX
$14.8B
| $107M | 0.09% |
1,323,324
-81,975
| -6% | -$6.62M |
|
206
FedEx
FDX
$53.7B
| $106M | 0.09% |
463,971
-80,354
| -15% | -$18.4M |
|
207
Quest Diagnostics
DGX
$20.5B
| $105M | 0.09% |
743,208
-38,040
| -5% | -$5.38M |
|
208
Ball Corp
BALL
$13.9B
| $102M | 0.09% |
1,859,395
-129,211
| -6% | -$7.12M |
|
209
Labcorp
LH
$23.2B
| $101M | 0.09% |
512,492
-26,960
| -5% | -$5.31M |
|
210
PNC Financial Services
PNC
$80.5B
| $101M | 0.09% |
794,552
-131,036
| -14% | -$16.7M |
|
|
VMW
211
DELISTED
VMware, Inc
VMW
| $101M | 0.09% |
808,223
+58,666
| +8% | +$7.32M |
|
212
General Motors
GM
$55.5B
| $101M | 0.09% |
2,744,762
-549,900
| -17% | -$20.2M |
|
213
NXP Semiconductors
NXPI
$57.2B
| $99.9M | 0.09% |
535,970
-65,630
| -11% | -$12.2M |
|
214
Atmos Energy
ATO
$26.7B
| $99.8M | 0.09% |
888,306
-37,679
| -4% | -$4.23M |
|
215
Johnson Controls International
JCI
$69.5B
| $98.7M | 0.09% |
1,638,749
-210,848
| -11% | -$12.7M |
|
216
US Bancorp
USB
$75.9B
| $97.5M | 0.09% |
2,704,359
-354,069
| -12% | -$12.8M |
|
217
Occidental Petroleum
OXY
$45.2B
| $97M | 0.09% |
1,553,408
-271,866
| -15% | -$17M |
|
218
Moody's
MCO
$89.5B
| $96.8M | 0.09% |
316,225
-48,073
| -13% | -$14.7M |
|
219
Ford
F
$46.7B
| $96.6M | 0.09% |
7,663,435
-1,341,214
| -15% | -$16.9M |
|
|
PXD
220
DELISTED
Pioneer Natural Resource Co.
PXD
| $96.4M | 0.09% |
471,820
-77,356
| -14% | -$15.8M |
|
221
MarketAxess Holdings
MKTX
$7.01B
| $96.1M | 0.09% |
245,655
-15,099
| -6% | -$5.91M |
|
222
Moderna
MRNA
$9.78B
| $95.8M | 0.09% |
623,719
-102,504
| -14% | -$15.7M |
|
223
Edwards Lifesciences
EW
$47.5B
| $95.7M | 0.08% |
1,156,709
-184,884
| -14% | -$15.3M |
|
224
Emerson Electric
EMR
$74.6B
| $95.5M | 0.08% |
1,095,755
-200,249
| -15% | -$17.4M |
|
225
Phillips 66
PSX
$53.2B
| $94.9M | 0.08% |
935,829
-154,569
| -14% | -$15.7M |
|