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
+8.12%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$133B
AUM Growth
+$133B
Cap. Flow
-$6.64B
Cap. Flow %
-4.98%
Top 10 Hldgs %
18.89%
Holding
3,530
New
2
Increased
271
Reduced
1,253
Closed
2,001

Sector Composition

1 Technology 23.04%
2 Healthcare 14.63%
3 Financials 12.69%
4 Consumer Discretionary 10.7%
5 Communication Services 9.82%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
DUK icon
51
Duke Energy
DUK
$95.3B
$566M 0.42% 5,729,530 +52,855 +0.9% +$5.22M
AMGN icon
52
Amgen
AMGN
$155B
$552M 0.41% 2,265,628 +314,478 +16% +$76.7M
MMC icon
53
Marsh & McLennan
MMC
$101B
$548M 0.41% 3,892,527 -23,696 -0.6% -$3.33M
TMO icon
54
Thermo Fisher Scientific
TMO
$186B
$523M 0.39% 1,036,691 -18,656 -2% -$9.41M
BMY icon
55
Bristol-Myers Squibb
BMY
$96B
$516M 0.39% 7,719,436 +77,393 +1% +$5.17M
UPS icon
56
United Parcel Service
UPS
$74.1B
$493M 0.37% 2,372,353 +493,713 +26% +$103M
SO icon
57
Southern Company
SO
$102B
$490M 0.37% 8,104,254 -40,297 -0.5% -$2.44M
CRM icon
58
Salesforce
CRM
$245B
$485M 0.36% 1,986,252 -27,347 -1% -$6.68M
ADP icon
59
Automatic Data Processing
ADP
$123B
$479M 0.36% 2,409,338 -25,345 -1% -$5.03M
LMT icon
60
Lockheed Martin
LMT
$106B
$472M 0.35% 1,248,104 -6,646 -0.5% -$2.51M
CVX icon
61
Chevron
CVX
$324B
$456M 0.34% 4,356,432 -51,947 -1% -$5.44M
WM icon
62
Waste Management
WM
$91.2B
$456M 0.34% 3,254,321 -13,188 -0.4% -$1.85M
ZTS icon
63
Zoetis
ZTS
$69.3B
$455M 0.34% 2,440,488 -28,286 -1% -$5.27M
ABBV icon
64
AbbVie
ABBV
$372B
$452M 0.34% 4,009,512 -74,255 -2% -$8.36M
D icon
65
Dominion Energy
D
$51.1B
$446M 0.33% 6,061,301 +561,920 +10% +$41.3M
REGN icon
66
Regeneron Pharmaceuticals
REGN
$61.5B
$444M 0.33% 795,750 +3,514 +0.4% +$1.96M
NKE icon
67
Nike
NKE
$114B
$431M 0.32% 2,790,410 -64,075 -2% -$9.9M
AVGO icon
68
Broadcom
AVGO
$1.4T
$430M 0.32% 901,774 -15,049 -2% -$7.18M
FI icon
69
Fiserv
FI
$75.1B
$428M 0.32% 4,006,313 +34,225 +0.9% +$3.66M
WFC icon
70
Wells Fargo
WFC
$263B
$424M 0.32% 9,352,367 +630,983 +7% +$28.6M
AON icon
71
Aon
AON
$79.1B
$413M 0.31% 1,728,910 -29,925 -2% -$7.14M
DG icon
72
Dollar General
DG
$23.9B
$406M 0.3% 1,874,325 -51,828 -3% -$11.2M
IBM icon
73
IBM
IBM
$227B
$405M 0.3% 2,762,155 -30,872 -1% -$4.53M
VRTX icon
74
Vertex Pharmaceuticals
VRTX
$100B
$402M 0.3% 1,994,418 -14,495 -0.7% -$2.92M
ECL icon
75
Ecolab
ECL
$78.6B
$402M 0.3% 1,949,824 -16,152 -0.8% -$3.33M