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
+11.08%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$149B
AUM Growth
+$149B
Cap. Flow
+$3.53B
Cap. Flow %
2.37%
Top 10 Hldgs %
21.74%
Holding
1,249
New
10
Increased
169
Reduced
999
Closed
12

Sector Composition

1 Technology 23.93%
2 Healthcare 13.69%
3 Financials 11.26%
4 Consumer Discretionary 10.21%
5 Communication Services 9.02%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
AMGN icon
51
Amgen
AMGN
$155B
$587M 0.39% 2,608,928 +355,496 +16% +$80M
AVGO icon
52
Broadcom
AVGO
$1.4T
$577M 0.39% 867,816 -55,218 -6% -$36.7M
XOM icon
53
Exxon Mobil
XOM
$487B
$561M 0.38% 9,172,825 -399,052 -4% -$24.4M
UPS icon
54
United Parcel Service
UPS
$74.1B
$560M 0.37% 2,613,074 +68,165 +3% +$14.6M
CHTR icon
55
Charter Communications
CHTR
$36.3B
$554M 0.37% 850,220 +55,691 +7% +$36.3M
SO icon
56
Southern Company
SO
$102B
$545M 0.37% 7,953,572 -224,805 -3% -$15.4M
BDX icon
57
Becton Dickinson
BDX
$55.3B
$537M 0.36% 2,136,634 +202,445 +10% +$50.9M
TMUS icon
58
T-Mobile US
TMUS
$284B
$535M 0.36% 4,616,732 -79,467 -2% -$9.22M
ABBV icon
59
AbbVie
ABBV
$372B
$533M 0.36% 3,934,082 -177,041 -4% -$24M
WM icon
60
Waste Management
WM
$91.2B
$531M 0.36% 3,181,826 -100,069 -3% -$16.7M
CRM icon
61
Salesforce
CRM
$245B
$521M 0.35% 2,052,028 -14,749 -0.7% -$3.75M
INTC icon
62
Intel
INTC
$107B
$518M 0.35% 10,060,166 -408,288 -4% -$21M
CL icon
63
Colgate-Palmolive
CL
$67.9B
$515M 0.34% 6,037,320 +1,064,282 +21% +$90.8M
REGN icon
64
Regeneron Pharmaceuticals
REGN
$61.5B
$495M 0.33% 783,412 -19,267 -2% -$12.2M
CVX icon
65
Chevron
CVX
$324B
$490M 0.33% 4,174,547 -194,199 -4% -$22.8M
D icon
66
Dominion Energy
D
$51.1B
$478M 0.32% 6,087,066 -133,035 -2% -$10.5M
PYPL icon
67
PayPal
PYPL
$67.1B
$474M 0.32% 2,513,205 -107,380 -4% -$20.2M
BMY icon
68
Bristol-Myers Squibb
BMY
$96B
$462M 0.31% 7,404,351 -250,513 -3% -$15.6M
ECL icon
69
Ecolab
ECL
$78.6B
$451M 0.3% 1,924,070 -42,693 -2% -$10M
QCOM icon
70
Qualcomm
QCOM
$173B
$444M 0.3% 2,429,252 -93,202 -4% -$17M
PSA icon
71
Public Storage
PSA
$51.7B
$444M 0.3% 1,184,072 -26,054 -2% -$9.76M
NKE icon
72
Nike
NKE
$114B
$443M 0.3% 2,660,900 -108,269 -4% -$18M
WFC icon
73
Wells Fargo
WFC
$263B
$428M 0.29% 8,912,164 -680,044 -7% -$32.6M
EXC icon
74
Exelon
EXC
$44.1B
$426M 0.29% 7,375,156 -204,968 -3% -$11.8M
VRTX icon
75
Vertex Pharmaceuticals
VRTX
$100B
$426M 0.28% 1,938,819 -67,499 -3% -$14.8M