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 |
Meta Platforms (Facebook)
META
|
$234M |
| 2 |
NVIDIA
NVDA
|
$197M |
| 3 |
Costco
COST
|
$174M |
| 4 |
Home Depot
HD
|
$157M |
| 5 |
Airbnb
ABNB
|
$137M |
Top Sells
| 1 |
Amazon
AMZN
|
$432M |
| 2 |
Microsoft
MSFT
|
$271M |
| 3 |
Merck
MRK
|
$261M |
| 4 |
Walt Disney
DIS
|
$232M |
| 5 |
Texas Instruments
TXN
|
$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Expeditors International
EXPD
$16.4B
| $110M | 0.08% |
903,325
-50,101
| -5% | -$6.09M |
|
|
PXD
227
DELISTED
Pioneer Natural Resource Co.
PXD
| $109M | 0.08% |
416,234
-8,296
| -2% | -$2.18M |
|
228
SBA Communications
SBAC
$21.2B
| $108M | 0.08% |
500,365
-5,454
| -1% | -$1.18M |
|
229
Hologic
HOLX
$14.8B
| $108M | 0.08% |
1,389,799
-32,518
| -2% | -$2.54M |
|
230
Cintas
CTAS
$82.4B
| $108M | 0.08% |
629,176
-17,320
| -3% | -$2.97M |
|
231
Marriott International Class A Common Stock
MAR
$71.9B
| $108M | 0.08% |
427,907
-26,412
| -6% | -$6.66M |
|
232
Capital One
COF
$142B
| $106M | 0.07% |
712,324
-11,240
| -2% | -$1.67M |
|
233
Constellation Energy
CEG
$94.2B
| $106M | 0.07% |
572,858
-17,367
| -3% | -$3.21M |
|
234
Leidos
LDOS
$23B
| $105M | 0.07% |
803,766
-10,254
| -1% | -$1.34M |
|
235
Marvell Technology
MRVL
$54.6B
| $105M | 0.07% |
1,482,495
-62,070
| -4% | -$4.4M |
|
236
GoDaddy
GDDY
$20.1B
| $105M | 0.07% |
885,109
-38,013
| -4% | -$4.51M |
|
237
W.R. Berkley
WRB
$27.3B
| $105M | 0.07% |
1,776,942
+331
| +0% | +$19.5K |
|
238
Atmos Energy
ATO
$26.7B
| $105M | 0.07% |
881,081
-8,143
| -0.9% | -$968K |
|
239
Domino's
DPZ
$15.7B
| $104M | 0.07% |
210,308
-10,612
| -5% | -$5.27M |
|
240
Apollo Global Management
APO
$75.3B
| $104M | 0.07% |
928,190
-24,215
| -3% | -$2.72M |
|
241
American International
AIG
$43.9B
| $104M | 0.07% |
1,324,940
-41,950
| -3% | -$3.28M |
|
242
Edwards Lifesciences
EW
$47.5B
| $103M | 0.07% |
1,080,317
-33,949
| -3% | -$3.24M |
|
243
Ecolab
ECL
$77.6B
| $103M | 0.07% |
446,379
-13,517
| -3% | -$3.12M |
|
244
Omnicom Group
OMC
$15.4B
| $103M | 0.07% |
1,062,026
-42,591
| -4% | -$4.12M |
|
245
CenterPoint Energy
CNP
$24.7B
| $102M | 0.07% |
3,596,567
-68,268
| -2% | -$1.94M |
|
246
CMS Energy
CMS
$21.4B
| $102M | 0.07% |
1,698,131
-114,905
| -6% | -$6.93M |
|
247
Norfolk Southern
NSC
$62.3B
| $102M | 0.07% |
401,359
-11,901
| -3% | -$3.03M |
|
248
Tyler Technologies
TYL
$24.2B
| $102M | 0.07% |
240,556
-1,048
| -0.4% | -$445K |
|
249
Kinder Morgan
KMI
$59.1B
| $101M | 0.07% |
5,483,572
+1,844,933
| +51% | +$33.8M |
|
250
Johnson Controls International
JCI
$69.5B
| $100M | 0.07% |
1,531,387
-38,324
| -2% | -$2.5M |
|