California Public Employees Retirement System Must Divest from Weapons Dealers
California Government
The California Public Employees Retirement System (CalPERS) is the
second largest pension fund in the U.S. and the seventh largest in the
world, with total holdings at $307 billion.
Using the latest data available (as of June 2018), the following chart
documents the billions of dollars that CalPERS invests in weapons
manufacturers around the world. (Sources: SIPRI rankings, CalPERS holdings.)
In addition, the California State Teachers Retirement System
(CALSTRS) as of June 30, 2016 is invested in the following. The first
number is that of shares, the second the market value in thousands of
dollars:
Domestic Equities:
Lockheed Martin Corp 738,165 183,190
Boeing Co/The 1,635,727 212,432
Raytheon Company 1,632,503 221,939
Northrop Grumman Corp 865,662 192,419
General Dynamics Corp 827,634 115,240
United Technologies Corp 2,061,864 211,444
L 3 Communications Holdings 183,143 26,865
Huntington Ingalls Industrie 146,966 24,695
Honeywell International Inc 2,201,040 256,025
Textron Inc 644,048 23,546
International Equities:
BAE Systems Plc 4,286,549 30,027
Airbus Group Se 1,149,559 66,064
Thales Sa 287,942 23,995
Rolls Royce Holdings Plc 3,158,670 30,043
Safran Sa 575,968 38,981
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Divest from weapons dealers.