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 |
NVIDIA
NVDA
|
$851M |
| 2 |
Netflix
NFLX
|
$376M |
| 3 |
Charter Communications
CHTR
|
$360M |
| 4 |
Costco
COST
|
$202M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$185M |
Top Sells
| 1 |
GE Aerospace
GE
|
$1.77B |
| 2 |
Coca-Cola
KO
|
$211M |
| 3 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$174M |
| 4 |
Labcorp
LH
|
$151M |
| 5 |
Stryker
SYK
|
$128M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Salesforce
CRM
$240B
| $561M | 0.42% |
2,066,777
+80,525
| +4% | +$21.8M |
|
52
Intel
INTC
$105B
| $558M | 0.42% |
10,468,454
-185,442
| -2% | -$9.88M |
|
53
CME Group
CME
$94.9B
| $535M | 0.4% |
2,768,119
+20,402
| +0.7% | +$3.95M |
|
54
Fidelity National Information Services
FIS
$35.6B
| $510M | 0.38% |
4,187,505
+46,562
| +1% | +$5.67M |
|
55
Southern Company
SO
$101B
| $507M | 0.38% |
8,178,377
+74,123
| +0.9% | +$4.59M |
|
56
Aon
AON
$80.2B
| $497M | 0.37% |
1,738,806
+9,896
| +0.6% | +$2.83M |
|
57
Waste Management
WM
$90.7B
| $490M | 0.37% |
3,281,895
+27,574
| +0.8% | +$4.12M |
|
58
Automatic Data Processing
ADP
$121B
| $488M | 0.36% |
2,439,403
+30,065
| +1% | +$6.01M |
|
59
Regeneron Pharmaceuticals
REGN
$61B
| $486M | 0.36% |
802,679
+6,929
| +0.9% | +$4.19M |
|
60
Amgen
AMGN
$154B
| $479M | 0.36% |
2,253,432
-12,196
| -0.5% | -$2.59M |
|
61
Zoetis
ZTS
$67.5B
| $478M | 0.36% |
2,461,530
+21,042
| +0.9% | +$4.09M |
|
62
Becton Dickinson
BDX
$54.1B
| $475M | 0.35% |
1,934,189
+293,291
| +18% | +$72.1M |
|
|
ATVI
63
DELISTED
Activision Blizzard Inc.
ATVI
| $465M | 0.35% |
6,009,140
+80,812
| +1% | +$6.25M |
|
64
United Parcel Service
UPS
$72B
| $463M | 0.35% |
2,544,909
+172,556
| +7% | +$31.4M |
|
65
Dominion Energy
D
$50.3B
| $454M | 0.34% |
6,220,101
+158,800
| +3% | +$11.6M |
|
66
Bristol-Myers Squibb
BMY
$96.1B
| $453M | 0.34% |
7,654,864
-64,572
| -0.8% | -$3.82M |
|
67
Broadcom
AVGO
$1.4T
| $448M | 0.33% |
923,034
+21,260
| +2% | +$10.3M |
|
68
Wells Fargo
WFC
$260B
| $445M | 0.33% |
9,592,208
+239,841
| +3% | +$11.1M |
|
69
AbbVie
ABBV
$373B
| $443M | 0.33% |
4,111,123
+101,611
| +3% | +$11M |
|
70
Chevron
CVX
$325B
| $443M | 0.33% |
4,368,746
+12,314
| +0.3% | +$1.25M |
|
71
Fiserv
FI
$73.6B
| $440M | 0.33% |
4,058,991
+52,678
| +1% | +$5.72M |
|
72
Lockheed Martin
LMT
$105B
| $435M | 0.32% |
1,259,560
+11,456
| +0.9% | +$3.95M |
|
73
Ecolab
ECL
$78B
| $410M | 0.31% |
1,966,763
+16,939
| +0.9% | +$3.53M |
|
74
Nike
NKE
$110B
| $402M | 0.3% |
2,769,169
-21,241
| -0.8% | -$3.08M |
|
75
Dollar General
DG
$24.4B
| $393M | 0.29% |
1,851,609
-22,716
| -1% | -$4.82M |
|