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
+6.85%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$63.2B
AUM Growth
+$63.2B
Cap. Flow
+$1.59B
Cap. Flow %
2.51%
Top 10 Hldgs %
13.58%
Holding
3,722
New
74
Increased
1,223
Reduced
861
Closed
96

Sector Composition

1 Financials 16.32%
2 Healthcare 14.37%
3 Technology 14.08%
4 Industrials 10.55%
5 Consumer Discretionary 9.83%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
BRK.B icon
26
Berkshire Hathaway Class B
BRK.B
$1.09T
$412M 0.65% 3,121,600 +93,400 +3% +$12.3M
V icon
27
Visa
V
$683B
$411M 0.65% 5,295,916 +58,500 +1% +$4.54M
GILD icon
28
Gilead Sciences
GILD
$140B
$407M 0.64% 4,017,618 +49,200 +1% +$4.98M
IBM icon
29
IBM
IBM
$227B
$392M 0.62% 2,848,417 +22,500 +0.8% +$3.1M
CSCO icon
30
Cisco
CSCO
$274B
$380M 0.6% 13,993,451 -59,700 -0.4% -$1.62M
AMGN icon
31
Amgen
AMGN
$155B
$340M 0.54% 2,093,463 +400 +0% +$64.9K
ORCL icon
32
Oracle
ORCL
$635B
$339M 0.54% 9,267,547 -86,533 -0.9% -$3.16M
AGN
33
DELISTED
Allergan plc
AGN
$329M 0.52% 1,054,216 +12,777 +1% +$3.99M
UNH icon
34
UnitedHealth
UNH
$281B
$322M 0.51% 2,740,314 -1,300 -0% -$153K
MCD icon
35
McDonald's
MCD
$224B
$314M 0.5% 2,654,820 +84,999 +3% +$10M
BMY icon
36
Bristol-Myers Squibb
BMY
$96B
$312M 0.49% 4,533,274 -3,400 -0.1% -$234K
CVS icon
37
CVS Health
CVS
$92.8B
$304M 0.48% 3,112,576 -25,900 -0.8% -$2.53M
APO icon
38
Apollo Global Management
APO
$77.9B
$296M 0.47% 22,608,901 +9,700 +0% +$127K
MDT icon
39
Medtronic
MDT
$119B
$286M 0.45% 3,718,579 -105,800 -3% -$8.14M
WMT icon
40
Walmart
WMT
$774B
$271M 0.43% 4,413,875 -72,200 -2% -$4.43M
MMM icon
41
3M
MMM
$82.8B
$268M 0.42% 1,777,768 -6,600 -0.4% -$994K
BRK.A icon
42
Berkshire Hathaway Class A
BRK.A
$1.09T
$266M 0.42% 1,346 -42 -3% -$8.31M
BA icon
43
Boeing
BA
$177B
$264M 0.42% 1,823,142 +7,800 +0.4% +$1.13M
MA icon
44
Mastercard
MA
$538B
$261M 0.41% 2,685,360 +3,000 +0.1% +$292K
ABBV icon
45
AbbVie
ABBV
$372B
$259M 0.41% 4,366,929 -29,700 -0.7% -$1.76M
CELG
46
DELISTED
Celgene Corp
CELG
$257M 0.41% 2,149,890 -13,600 -0.6% -$1.63M
AIG icon
47
American International
AIG
$45.1B
$248M 0.39% 4,008,956 -36,700 -0.9% -$2.27M
SLB icon
48
Schlumberger
SLB
$55B
$246M 0.39% 3,528,852 +7,100 +0.2% +$495K
LLY icon
49
Eli Lilly
LLY
$657B
$241M 0.38% 2,854,756 -10,200 -0.4% -$859K
SBUX icon
50
Starbucks
SBUX
$100B
$239M 0.38% 3,982,692 +115,500 +3% +$6.93M