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
+11.76%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$132B
AUM Growth
+$132B
Cap. Flow
+$3.33B
Cap. Flow %
2.53%
Top 10 Hldgs %
24.77%
Holding
1,197
New
7
Increased
305
Reduced
812
Closed
10

Sector Composition

1 Technology 30.1%
2 Healthcare 14.11%
3 Financials 11.92%
4 Consumer Discretionary 9.96%
5 Industrials 7.58%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
PGR icon
51
Progressive
PGR
$145B
$482M 0.37% 3,027,638 -177,042 -6% -$28.2M
QCOM icon
52
Qualcomm
QCOM
$173B
$481M 0.37% 3,324,303 +1,090,504 +49% +$158M
ABT icon
53
Abbott
ABT
$231B
$481M 0.37% 4,367,706 -44,277 -1% -$4.87M
ADP icon
54
Automatic Data Processing
ADP
$123B
$478M 0.36% 2,051,805 -4,313 -0.2% -$1M
SO icon
55
Southern Company
SO
$102B
$460M 0.35% 6,554,659 -78,897 -1% -$5.53M
DUK icon
56
Duke Energy
DUK
$95.3B
$452M 0.34% 4,660,977 -51,619 -1% -$5.01M
MDLZ icon
57
Mondelez International
MDLZ
$79.5B
$452M 0.34% 6,235,276 +450,459 +8% +$32.6M
XLF icon
58
Financial Select Sector SPDR Fund
XLF
$54.1B
$451M 0.34% 12,000,000
LMT icon
59
Lockheed Martin
LMT
$106B
$448M 0.34% 989,248 -11,309 -1% -$5.13M
WM icon
60
Waste Management
WM
$91.2B
$439M 0.33% 2,451,511 -26,619 -1% -$4.77M
ACN icon
61
Accenture
ACN
$162B
$430M 0.33% 1,225,897 -63,035 -5% -$22.1M
AMD icon
62
Advanced Micro Devices
AMD
$264B
$428M 0.32% 2,903,227 -64,285 -2% -$9.48M
FI icon
63
Fiserv
FI
$75.1B
$424M 0.32% 3,190,151 -150,473 -5% -$20M
BDX icon
64
Becton Dickinson
BDX
$55.3B
$421M 0.32% 1,725,603 -1,656 -0.1% -$404K
CL icon
65
Colgate-Palmolive
CL
$67.9B
$397M 0.3% 4,976,862 -63,469 -1% -$5.06M
MU icon
66
Micron Technology
MU
$133B
$388M 0.29% 4,541,662 +2,523,267 +125% +$215M
NFLX icon
67
Netflix
NFLX
$513B
$383M 0.29% 785,855 -28,464 -3% -$13.9M
ADI icon
68
Analog Devices
ADI
$124B
$383M 0.29% 1,926,587 +315,712 +20% +$62.7M
MS icon
69
Morgan Stanley
MS
$240B
$368M 0.28% 3,948,333 -66,961 -2% -$6.24M
INTU icon
70
Intuit
INTU
$186B
$367M 0.28% 587,744 +69,430 +13% +$43.4M
HON icon
71
Honeywell
HON
$139B
$365M 0.28% 1,739,695 +375,158 +27% +$78.7M
NOC icon
72
Northrop Grumman
NOC
$84.5B
$364M 0.28% 778,098 +3,219 +0.4% +$1.51M
REGN icon
73
Regeneron Pharmaceuticals
REGN
$61.5B
$362M 0.28% 412,507 -7,737 -2% -$6.8M
DHR icon
74
Danaher
DHR
$147B
$359M 0.27% 1,553,484 -40,601 -3% -$9.39M
CAT icon
75
Caterpillar
CAT
$196B
$357M 0.27% 1,208,816 +202,154 +20% +$59.8M