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
ABT icon
51
Abbott
ABT
$231B
$427M 0.37% 4,411,983 +102,477 +2% +$9.92M
DUK icon
52
Duke Energy
DUK
$95.3B
$416M 0.36% 4,712,596 -6,798 -0.1% -$600K
ATVI
53
DELISTED
Activision Blizzard Inc.
ATVI
$415M 0.36% 4,436,187 -262,404 -6% -$24.6M
LMT icon
54
Lockheed Martin
LMT
$106B
$409M 0.35% 1,000,557 +13,442 +1% +$5.5M
CRM icon
55
Salesforce
CRM
$245B
$408M 0.35% 2,011,702 +17,272 +0.9% +$3.5M
MDLZ icon
56
Mondelez International
MDLZ
$79.5B
$401M 0.35% 5,784,817 +163,185 +3% +$11.3M
DIS icon
57
Walt Disney
DIS
$213B
$400M 0.34% 4,930,077 +55,599 +1% +$4.51M
XLF icon
58
Financial Select Sector SPDR Fund
XLF
$54.1B
$398M 0.34% 12,000,000
ACN icon
59
Accenture
ACN
$162B
$396M 0.34% 1,288,932 -17,418 -1% -$5.35M
DHR icon
60
Danaher
DHR
$147B
$395M 0.34% 1,594,085 +5,137 +0.3% +$1.27M
WM icon
61
Waste Management
WM
$91.2B
$378M 0.33% 2,478,130 -9,593 -0.4% -$1.46M
FI icon
62
Fiserv
FI
$75.1B
$377M 0.32% 3,340,624 +60,176 +2% +$6.8M
UPS icon
63
United Parcel Service
UPS
$74.1B
$361M 0.31% 2,315,416 +42,409 +2% +$6.61M
COP icon
64
ConocoPhillips
COP
$124B
$361M 0.31% 3,011,834 +701,394 +30% +$84M
BRK.A icon
65
Berkshire Hathaway Class A
BRK.A
$1.09T
$360M 0.31% 678 +18 +3% +$9.57M
CL icon
66
Colgate-Palmolive
CL
$67.9B
$358M 0.31% 5,040,331 +11,548 +0.2% +$821K
AON icon
67
Aon
AON
$79.1B
$353M 0.3% 1,087,259 +13,227 +1% +$4.29M
LIN icon
68
Linde
LIN
$224B
$348M 0.3% 934,987 +15,614 +2% +$5.81M
REGN icon
69
Regeneron Pharmaceuticals
REGN
$61.5B
$346M 0.3% 420,244 -138,520 -25% -$114M
NOC icon
70
Northrop Grumman
NOC
$84.5B
$341M 0.29% 774,879 +19,324 +3% +$8.51M
ORLY icon
71
O'Reilly Automotive
ORLY
$88B
$339M 0.29% 372,743 -5,501 -1% -$5M
MS icon
72
Morgan Stanley
MS
$240B
$328M 0.28% 4,015,294 +1,393,065 +53% +$114M
ZTS icon
73
Zoetis
ZTS
$69.3B
$313M 0.27% 1,801,156 +13,194 +0.7% +$2.3M
ROP icon
74
Roper Technologies
ROP
$56.6B
$312M 0.27% 644,894 +10,353 +2% +$5.01M
EQIX icon
75
Equinix
EQIX
$76.9B
$312M 0.27% 429,979 +8,979 +2% +$6.52M