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 |
Vanguard S&P 500 ETF
VOO
|
$2.5B |
| 2 |
Meta Platforms (Facebook)
META
|
$334M |
| 3 |
Abbott
ABT
|
$271M |
| 4 |
Stryker
SYK
|
$155M |
| 5 |
McDonald's
MCD
|
$154M |
Top Sells
| 1 |
Apple
AAPL
|
$1.14B |
| 2 |
Costco
COST
|
$440M |
| 3 |
Oracle
ORCL
|
$194M |
| 4 |
Micron Technology
MU
|
$192M |
| 5 |
Gilead Sciences
GILD
|
$157M |
Sector Composition
| 1 | Technology | 28.1% |
| 2 | Financials | 13.31% |
| 3 | Healthcare | 11.32% |
| 4 | Consumer Discretionary | 8.29% |
| 5 | Communication Services | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
PNC Financial Services
PNC
$80.1B
| $119M | 0.08% |
675,260
+7,251
| +1% | +$1.27M |
|
202
PPL Corp
PPL
$26.8B
| $118M | 0.08% |
3,272,181
-133,861
| -4% | -$4.83M |
|
203
Church & Dwight Co
CHD
$22.5B
| $118M | 0.08% |
1,072,134
-35,939
| -3% | -$3.96M |
|
204
Illinois Tool Works
ITW
$75.9B
| $118M | 0.08% |
475,110
-13,335
| -3% | -$3.31M |
|
205
GoDaddy
GDDY
$19.7B
| $117M | 0.08% |
652,174
-12,809
| -2% | -$2.31M |
|
206
Apollo Global Management
APO
$75.7B
| $117M | 0.08% |
853,224
-15,214
| -2% | -$2.08M |
|
207
Pinduoduo
PDD
$175B
| $116M | 0.08% |
976,097
-17,494
| -2% | -$2.07M |
|
208
Target
TGT
$41.8B
| $115M | 0.08% |
1,104,511
-918,293
| -45% | -$95.8M |
|
209
Old Dominion Freight Line
ODFL
$31.1B
| $114M | 0.08% |
689,985
+108,460
| +19% | +$17.9M |
|
210
Applovin
APP
$167B
| $113M | 0.08% |
426,107
-12,479
| -3% | -$3.31M |
|
211
Bank of New York Mellon
BK
$73.7B
| $112M | 0.08% |
1,334,993
-235,870
| -15% | -$19.8M |
|
212
Johnson Controls International
JCI
$69B
| $111M | 0.08% |
1,386,995
-20,501
| -1% | -$1.64M |
|
213
Hershey
HSY
$37.3B
| $111M | 0.08% |
647,791
-20,404
| -3% | -$3.49M |
|
214
Cboe Global Markets
CBOE
$24.5B
| $110M | 0.08% |
486,455
-84,590
| -15% | -$19.1M |
|
215
Tyler Technologies
TYL
$23.8B
| $109M | 0.08% |
188,093
-3,401
| -2% | -$1.98M |
|
216
PayPal
PYPL
$66.1B
| $109M | 0.08% |
1,670,474
-2,194
| -0.1% | -$143K |
|
217
Centene
CNC
$14.6B
| $109M | 0.08% |
1,788,154
-18,031
| -1% | -$1.09M |
|
218
Ventas
VTR
$30.8B
| $108M | 0.08% |
1,570,291
+432,637
| +38% | +$29.7M |
|
219
Schlumberger
SLB
$52.4B
| $108M | 0.08% |
2,572,462
-81,966
| -3% | -$3.43M |
|
220
Markel Group
MKL
$24.6B
| $107M | 0.07% |
57,139
-2,602
| -4% | -$4.86M |
|
221
MSCI
MSCI
$42.8B
| $107M | 0.07% |
188,608
-93,221
| -33% | -$52.7M |
|
222
W.W. Grainger
GWW
$48.5B
| $106M | 0.07% |
107,515
-3,196
| -3% | -$3.16M |
|
223
CenterPoint Energy
CNP
$24.6B
| $104M | 0.07% |
2,869,671
-55,121
| -2% | -$2M |
|
224
Atmos Energy
ATO
$26.5B
| $103M | 0.07% |
667,209
-23,231
| -3% | -$3.59M |
|
225
Strategy Inc Common Stock Class A
MSTR
$95.3B
| $103M | 0.07% |
357,183
+92,470
| +35% | +$26.7M |
|