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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
251
Spotify
SPOT
$141B
| $97.5M | 0.07% |
264,595
+9,407
| +4% | +$3.47M |
|
252
Markel Group
MKL
$24.5B
| $96.9M | 0.07% |
61,778
-4,400
| -7% | -$6.9M |
|
253
Marriott International Class A Common Stock
MAR
$71.4B
| $96.3M | 0.07% |
387,287
-25,543
| -6% | -$6.35M |
|
254
Agilent Technologies
A
$34.9B
| $96.1M | 0.07% |
647,333
+37,854
| +6% | +$5.62M |
|
255
United Rentals
URI
$61.2B
| $95.4M | 0.07% |
117,817
-6,349
| -5% | -$5.14M |
|
256
Oneok
OKE
$46.8B
| $95.4M | 0.07% |
1,046,500
+4,145
| +0.4% | +$378K |
|
257
CMS Energy
CMS
$21.3B
| $95.3M | 0.07% |
1,349,925
-16,562
| -1% | -$1.17M |
|
258
Atmos Energy
ATO
$26.6B
| $94.9M | 0.07% |
684,191
-55,870
| -8% | -$7.75M |
|
259
General Motors
GM
$55.6B
| $92.6M | 0.06% |
2,065,496
-47,292
| -2% | -$2.12M |
|
260
Molina Healthcare
MOH
$9.96B
| $91.7M | 0.06% |
266,147
-20,783
| -7% | -$7.16M |
|
261
Clorox
CLX
$14.6B
| $91M | 0.06% |
558,823
-39,404
| -7% | -$6.42M |
|
262
Omnicom Group
OMC
$14.9B
| $89.7M | 0.06% |
867,491
-46,361
| -5% | -$4.79M |
|
263
Ameriprise Financial
AMP
$48B
| $89M | 0.06% |
189,506
+1,085
| +0.6% | +$510K |
|
264
Baxter International
BAX
$12.4B
| $89M | 0.06% |
2,342,922
-132,627
| -5% | -$5.04M |
|
265
Hologic
HOLX
$14.8B
| $88.9M | 0.06% |
1,090,839
-31,289
| -3% | -$2.55M |
|
266
MetLife
MET
$53.2B
| $88.8M | 0.06% |
1,076,881
-25,961
| -2% | -$2.14M |
|
267
American International
AIG
$44.7B
| $88.6M | 0.06% |
1,210,388
-69,052
| -5% | -$5.06M |
|
268
Dow Inc
DOW
$17.2B
| $88M | 0.06% |
1,610,197
-73
| -0% | -$3.99K |
|
269
Expeditors International
EXPD
$16.2B
| $87.9M | 0.06% |
668,794
-44,276
| -6% | -$5.82M |
|
270
Ross Stores
ROST
$49.2B
| $87.4M | 0.06% |
580,456
-3,946
| -0.7% | -$594K |
|
271
Zoom
ZM
$24.2B
| $87.4M | 0.06% |
1,252,525
+70,437
| +6% | +$4.91M |
|
272
Digital Realty Trust
DLR
$55.4B
| $86.1M | 0.06% |
531,802
-16,321
| -3% | -$2.64M |
|
273
Fortinet
FTNT
$58.2B
| $86M | 0.06% |
1,109,116
-57,939
| -5% | -$4.49M |
|
274
Fair Isaac
FICO
$35.9B
| $85.8M | 0.06% |
44,128
-2,120
| -5% | -$4.12M |
|
275
DoorDash
DASH
$104B
| $85M | 0.06% |
595,349
+2,325
| +0.4% | +$332K |
|