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
-2.86%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$116B
AUM Growth
+$116B
Cap. Flow
+$4.31B
Cap. Flow %
3.71%
Top 10 Hldgs %
24.22%
Holding
1,226
New
16
Increased
806
Reduced
294
Closed
36

Top Buys

1
NVDA icon
NVIDIA
NVDA
$584M
2
TSLA icon
Tesla
TSLA
$574M
3
MSFT icon
Microsoft
MSFT
$567M
4
AAPL icon
Apple
AAPL
$290M
5
CVX icon
Chevron
CVX
$156M

Sector Composition

1 Technology 28.31%
2 Healthcare 14.61%
3 Financials 12.06%
4 Consumer Discretionary 10%
5 Consumer Staples 7.82%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
CSCO icon
26
Cisco
CSCO
$274B
$806M 0.69% 14,997,072 +177,107 +1% +$9.52M
ORCL icon
27
Oracle
ORCL
$635B
$741M 0.64% 6,996,201 -997,002 -12% -$106M
TXN icon
28
Texas Instruments
TXN
$184B
$721M 0.62% 4,532,715 +78,611 +2% +$12.5M
CVX icon
29
Chevron
CVX
$324B
$705M 0.61% 4,179,942 +923,119 +28% +$156M
VZ icon
30
Verizon
VZ
$186B
$689M 0.59% 21,260,009 -3,484,530 -14% -$113M
KO icon
31
Coca-Cola
KO
$297B
$664M 0.57% 11,855,408 -349,904 -3% -$19.6M
MA icon
32
Mastercard
MA
$538B
$639M 0.55% 1,614,813 -248,633 -13% -$98.4M
MMC icon
33
Marsh & McLennan
MMC
$101B
$624M 0.54% 3,277,576 +83,785 +3% +$15.9M
PFE icon
34
Pfizer
PFE
$141B
$610M 0.52% 18,380,833 +101,256 +0.6% +$3.36M
AMGN icon
35
Amgen
AMGN
$155B
$598M 0.51% 2,225,549 +45,384 +2% +$12.2M
GILD icon
36
Gilead Sciences
GILD
$140B
$596M 0.51% 7,954,460 +7,897 +0.1% +$592K
BMY icon
37
Bristol-Myers Squibb
BMY
$96B
$596M 0.51% 10,263,670 +21,287 +0.2% +$1.24M
BAC icon
38
Bank of America
BAC
$376B
$583M 0.5% 21,288,404 +4,692,683 +28% +$128M
VRTX icon
39
Vertex Pharmaceuticals
VRTX
$100B
$525M 0.45% 1,509,961 +42,343 +3% +$14.7M
T icon
40
AT&T
T
$209B
$519M 0.45% 34,558,594 +9,518,478 +38% +$143M
NEE icon
41
NextEra Energy, Inc.
NEE
$148B
$517M 0.44% 9,026,464 +209,584 +2% +$12M
CME icon
42
CME Group
CME
$96B
$509M 0.44% 2,544,484 +8,200 +0.3% +$1.64M
ADP icon
43
Automatic Data Processing
ADP
$123B
$495M 0.43% 2,056,118 +19,914 +1% +$4.79M
CMCSA icon
44
Comcast
CMCSA
$125B
$481M 0.41% 10,851,263 +421,509 +4% +$18.7M
TMO icon
45
Thermo Fisher Scientific
TMO
$186B
$476M 0.41% 940,725 +4,392 +0.5% +$2.22M
ADBE icon
46
Adobe
ADBE
$151B
$450M 0.39% 882,627 +16,899 +2% +$8.62M
BDX icon
47
Becton Dickinson
BDX
$55.3B
$447M 0.38% 1,727,259 -4,604 -0.3% -$1.19M
PGR icon
48
Progressive
PGR
$145B
$446M 0.38% 3,204,680 -363,553 -10% -$50.6M
TMUS icon
49
T-Mobile US
TMUS
$284B
$440M 0.38% 3,139,352 -40,929 -1% -$5.73M
SO icon
50
Southern Company
SO
$102B
$429M 0.37% 6,633,556 -16,475 -0.2% -$1.07M