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
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Texas Instruments
TXN
|
$102M |
| 5 |
Costco
COST
|
$96.9M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
226
Centene
CNC
$14.1B
| $109M | 0.07% |
1,806,185
-118,830
| -6% | -$7.2M |
|
227
PACCAR
PCAR
$51.6B
| $108M | 0.07% |
1,036,543
-71,837
| -6% | -$7.47M |
|
228
Otis Worldwide
OTIS
$33.9B
| $107M | 0.07% |
1,155,835
-55,694
| -5% | -$5.16M |
|
229
HCA Healthcare
HCA
$96.3B
| $106M | 0.07% |
353,702
+9,015
| +3% | +$2.71M |
|
230
FedEx
FDX
$53.2B
| $105M | 0.07% |
372,299
-32,025
| -8% | -$9.01M |
|
231
Markel Group
MKL
$24.8B
| $103M | 0.07% |
59,741
-2,037
| -3% | -$3.52M |
|
232
Old Dominion Freight Line
ODFL
$31.3B
| $103M | 0.07% |
581,525
-25,280
| -4% | -$4.46M |
|
233
Zoom
ZM
$24.8B
| $103M | 0.07% |
1,256,017
+3,492
| +0.3% | +$285K |
|
234
CSX Corp
CSX
$60.9B
| $102M | 0.07% |
3,175,811
-229,510
| -7% | -$7.41M |
|
235
Schlumberger
SLB
$53.7B
| $102M | 0.07% |
2,654,428
-169,155
| -6% | -$6.49M |
|
236
Marriott International Class A Common Stock
MAR
$73B
| $101M | 0.07% |
363,645
-23,642
| -6% | -$6.59M |
|
237
FirstEnergy
FE
$25.1B
| $101M | 0.07% |
2,533,047
+22,442
| +0.9% | +$893K |
|
238
General Motors
GM
$55.4B
| $101M | 0.07% |
1,890,853
-174,643
| -8% | -$9.3M |
|
239
CDW
CDW
$21.8B
| $100M | 0.07% |
576,802
-9,749
| -2% | -$1.7M |
|
240
PTC
PTC
$25.5B
| $100M | 0.07% |
543,972
-3,222
| -0.6% | -$592K |
|
241
Oneok
OKE
$46.8B
| $98.2M | 0.07% |
977,622
-68,878
| -7% | -$6.92M |
|
242
Hilton Worldwide
HLT
$65.4B
| $97.3M | 0.07% |
393,758
-36,065
| -8% | -$8.91M |
|
243
Pinduoduo
PDD
$176B
| $96.4M | 0.06% |
993,591
-89,077
| -8% | -$8.64M |
|
244
Kellanova
K
$27.6B
| $96.3M | 0.06% |
1,189,542
-36,593
| -3% | -$2.96M |
|
245
Atmos Energy
ATO
$26.5B
| $96.2M | 0.06% |
690,440
+6,249
| +0.9% | +$870K |
|
246
Cincinnati Financial
CINF
$24.3B
| $96M | 0.06% |
668,341
+167,898
| +34% | +$24.1M |
|
247
Leidos
LDOS
$22.9B
| $94.7M | 0.06% |
657,675
-1,009
| -0.2% | -$145K |
|
248
Eversource Energy
ES
$23.5B
| $94.5M | 0.06% |
1,645,702
+25,122
| +2% | +$1.44M |
|
249
Simon Property Group
SPG
$59.3B
| $93.9M | 0.06% |
545,291
-37,005
| -6% | -$6.37M |
|
250
Ameriprise Financial
AMP
$48.3B
| $93.7M | 0.06% |
176,069
-13,437
| -7% | -$7.15M |
|