California Public Employees Retirement System

California Public Employees Retirement System Portfolio holdings

AUM $157B
 

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.

This Quarter Return
+0.54%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$66.5B
AUM Growth
+$66.5B
Cap. Flow
-$6.49B
Cap. Flow %
-9.75%
Top 10 Hldgs %
13.54%
Holding
3,922
New
111
Increased
979
Reduced
1,583
Closed
245

Sector Composition

1 Financials 16.01%
2 Healthcare 14.61%
3 Technology 14.2%
4 Industrials 10.79%
5 Consumer Discretionary 9.3%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
HD icon
26
Home Depot
HD
$405B
$419M 0.63% 3,769,516 -337,069 -8% -$37.5M
PEP icon
27
PepsiCo
PEP
$204B
$402M 0.6% 4,303,105 -342,530 -7% -$32M
APO icon
28
Apollo Global Management
APO
$77.9B
$401M 0.6% 22,602,601
CSCO icon
29
Cisco
CSCO
$274B
$397M 0.6% 14,440,051 -1,933,435 -12% -$53.1M
ORCL icon
30
Oracle
ORCL
$635B
$388M 0.58% 9,615,580 -1,717,639 -15% -$69.2M
V icon
31
Visa
V
$683B
$371M 0.56% 5,525,316 +4,083,287 +283% +$274M
UNH icon
32
UnitedHealth
UNH
$281B
$344M 0.52% 2,816,314 -662,927 -19% -$80.9M
CVS icon
33
CVS Health
CVS
$92.8B
$340M 0.51% 3,243,676 -400,831 -11% -$42M
WMT icon
34
Walmart
WMT
$774B
$329M 0.49% 4,639,475 -316,335 -6% -$22.4M
AGN
35
DELISTED
Allergan plc
AGN
$328M 0.49% 1,082,195 +339,616 +46% +$103M
AMGN icon
36
Amgen
AMGN
$155B
$321M 0.48% 2,094,163 -125,725 -6% -$19.3M
BMY icon
37
Bristol-Myers Squibb
BMY
$96B
$313M 0.47% 4,707,174 -301,307 -6% -$20M
SLB icon
38
Schlumberger
SLB
$55B
$311M 0.47% 3,609,652 -946,090 -21% -$81.5M
ABBV icon
39
AbbVie
ABBV
$372B
$303M 0.46% 4,511,729 +330,659 +8% +$22.2M
MDT icon
40
Medtronic
MDT
$119B
$293M 0.44% +3,948,339 New +$293M
BRK.A icon
41
Berkshire Hathaway Class A
BRK.A
$1.09T
$292M 0.44% 1,423 -6 -0.4% -$1.23M
MMM icon
42
3M
MMM
$82.8B
$288M 0.43% 1,864,768 -52,625 -3% -$8.12M
QCOM icon
43
Qualcomm
QCOM
$173B
$285M 0.43% 4,544,044 -104,554 -2% -$6.55M
RTX icon
44
RTX Corp
RTX
$212B
$269M 0.4% 2,422,119 -558,713 -19% -$62M
BA icon
45
Boeing
BA
$177B
$259M 0.39% 1,869,942 +161,289 +9% +$22.4M
MA icon
46
Mastercard
MA
$538B
$257M 0.39% 2,751,660 -119,735 -4% -$11.2M
AIG icon
47
American International
AIG
$45.1B
$252M 0.38% 4,075,956 -653,801 -14% -$40.4M
CELG
48
DELISTED
Celgene Corp
CELG
$250M 0.38% 2,163,790 -151,728 -7% -$17.6M
MCD icon
49
McDonald's
MCD
$224B
$249M 0.37% 2,623,020 -105,665 -4% -$10M
LLY icon
50
Eli Lilly
LLY
$657B
$248M 0.37% 2,965,856 -163,969 -5% -$13.7M