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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
T-Mobile US
TMUS
$284B
| $461M | 0.32% | 2,231,730 -112,607 | -5% | -$23.2M |
|
52
Walt Disney
DIS
$213B
| $458M | 0.32% | 4,766,191 -427,684 | -8% | -$41.1M |
|
53
NextEra Energy, Inc.
NEE
$148B
| $456M | 0.32% | 5,392,977 -1,140,814 | -17% | -$96.4M |
|
54
Southern Company
SO
$102B
| $455M | 0.32% | 5,040,024 -255,057 | -5% | -$23M |
|
55
Vertex Pharmaceuticals
VRTX
$100B
| $450M | 0.31% | 967,851 -44,207 | -4% | -$20.6M |
|
56
Chevron
CVX
$324B
| $449M | 0.31% | 3,048,714 -45,838 | -1% | -$6.75M |
|
57
Abbott
ABT
$231B
| $447M | 0.31% | 3,916,644 +27,110 | +0.7% | +$3.09M |
|
58
Linde
LIN
$224B
| $446M | 0.31% | 934,735 +89,364 | +11% | +$42.6M |
|
59
ServiceNow
NOW
$190B
| $441M | 0.31% | 493,100 -13,472 | -3% | -$12M |
|
60
Bristol-Myers Squibb
BMY
$96B
| $431M | 0.3% | 8,326,535 -389,412 | -4% | -$20.1M |
|
61
Wells Fargo
WFC
$263B
| $428M | 0.3% | 7,580,277 -112,057 | -1% | -$6.33M |
|
62
Intuit
INTU
$186B
| $425M | 0.3% | 684,168 -13,304 | -2% | -$8.26M |
|
63
Comcast
CMCSA
$125B
| $420M | 0.29% | 10,045,938 -350,841 | -3% | -$14.7M |
|
64
Elevance Health
ELV
$71.8B
| $413M | 0.29% | 793,915 +142,605 | +22% | +$74.2M |
|
65
Duke Energy
DUK
$95.3B
| $411M | 0.29% | 3,567,239 -179,115 | -5% | -$20.7M |
|
66
Fiserv
FI
$75.1B
| $408M | 0.29% | 2,273,660 -162,212 | -7% | -$29.1M |
|
67
Micron Technology
MU
$133B
| $406M | 0.28% | 3,916,791 +212,928 | +6% | +$22.1M |
|
68
Danaher
DHR
$147B
| $402M | 0.28% | 1,446,614 -11,133 | -0.8% | -$3.1M |
|
69
Colgate-Palmolive
CL
$67.9B
| $400M | 0.28% | 3,857,086 -152,050 | -4% | -$15.8M |
|
70
Regeneron Pharmaceuticals
REGN
$61.5B
| $391M | 0.27% | 371,638 -5,291 | -1% | -$5.56M |
|
71
Chubb
CB
$110B
| $385M | 0.27% | 1,335,771 -40,209 | -3% | -$11.6M |
|
72
Waste Management
WM
$91.2B
| $383M | 0.27% | 1,843,885 -102,137 | -5% | -$21.2M |
|
73
GE Aerospace
GE
$292B
| $379M | 0.27% | 2,010,138 -718,713 | -26% | -$136M |
|
74
Mondelez International
MDLZ
$79.5B
| $378M | 0.26% | 5,131,135 -267,905 | -5% | -$19.7M |
|
75
O'Reilly Automotive
ORLY
$88B
| $375M | 0.26% | 325,410 +44,350 | +16% | +$51.1M |
|