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
+8.28%
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
-$3.49B
Cap. Flow %
-3%
Top 10 Hldgs %
23.76%
Holding
1,218
New
3
Increased
241
Reduced
903
Closed
8

Sector Composition

1 Technology 28.02%
2 Healthcare 14.96%
3 Financials 11.83%
4 Consumer Discretionary 9.76%
5 Consumer Staples 8.32%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
CMCSA icon
51
Comcast
CMCSA
$125B
$433M 0.37% 10,429,754 -625,561 -6% -$26M
WM icon
52
Waste Management
WM
$91.2B
$431M 0.37% 2,487,723 -83,724 -3% -$14.5M
DUK icon
53
Duke Energy
DUK
$95.3B
$424M 0.36% 4,719,394 -106,013 -2% -$9.51M
ADBE icon
54
Adobe
ADBE
$151B
$423M 0.36% 865,728 -56,383 -6% -$27.6M
CRM icon
55
Salesforce
CRM
$245B
$421M 0.36% 1,994,430 -605,434 -23% -$128M
FI icon
56
Fiserv
FI
$75.1B
$414M 0.36% 3,280,448 +21,001 +0.6% +$2.65M
MDLZ icon
57
Mondelez International
MDLZ
$79.5B
$410M 0.35% 5,621,632 -85,983 -2% -$6.27M
UPS icon
58
United Parcel Service
UPS
$74.1B
$407M 0.35% 2,273,007 -56,194 -2% -$10.1M
XLF icon
59
Financial Select Sector SPDR Fund
XLF
$54.1B
$405M 0.35% 12,000,000
ACN icon
60
Accenture
ACN
$162B
$403M 0.35% 1,306,350 -1,140,821 -47% -$352M
REGN icon
61
Regeneron Pharmaceuticals
REGN
$61.5B
$401M 0.34% 558,764 -15,048 -3% -$10.8M
T icon
62
AT&T
T
$209B
$399M 0.34% 25,040,116 -750,557 -3% -$12M
ATVI
63
DELISTED
Activision Blizzard Inc.
ATVI
$396M 0.34% 4,698,591 -48,937 -1% -$4.13M
CL icon
64
Colgate-Palmolive
CL
$67.9B
$387M 0.33% 5,028,783 -174,735 -3% -$13.5M
DHR icon
65
Danaher
DHR
$147B
$381M 0.33% 1,588,948 -626,604 -28% -$150M
AON icon
66
Aon
AON
$79.1B
$371M 0.32% 1,074,032 -107,699 -9% -$37.2M
ORLY icon
67
O'Reilly Automotive
ORLY
$88B
$361M 0.31% 378,244 -17,392 -4% -$16.6M
NFLX icon
68
Netflix
NFLX
$513B
$353M 0.3% 801,532 -41,516 -5% -$18.3M
LIN icon
69
Linde
LIN
$224B
$350M 0.3% 919,373 -48,836 -5% -$18.6M
NOC icon
70
Northrop Grumman
NOC
$84.5B
$344M 0.3% 755,555 +141,957 +23% +$64.7M
BRK.A icon
71
Berkshire Hathaway Class A
BRK.A
$1.09T
$342M 0.29% 660 +2 +0.3% +$1.04M
AMD icon
72
Advanced Micro Devices
AMD
$264B
$332M 0.28% 2,912,620 -136,196 -4% -$15.5M
EQIX icon
73
Equinix
EQIX
$76.9B
$330M 0.28% 421,000 -4,847 -1% -$3.8M
AMAT icon
74
Applied Materials
AMAT
$128B
$311M 0.27% 2,155,090 -90,197 -4% -$13M
ZTS icon
75
Zoetis
ZTS
$69.3B
$308M 0.26% 1,787,962 -303,707 -15% -$52.3M