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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Arista Networks
ANET
|
$158M |
| 5 |
Lam Research
LRCX
|
$138M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Fiserv
FI
$75.1B
| $461M | 0.31% | 2,243,845 -29,815 | -1% | -$6.12M |
|
52
Adobe
ADBE
$151B
| $439M | 0.29% | 986,587 +26,429 | +3% | +$11.8M |
|
53
Abbott
ABT
$231B
| $429M | 0.29% | 3,796,537 -120,107 | -3% | -$13.6M |
|
54
Pfizer
PFE
$141B
| $426M | 0.29% | 16,073,641 -29,435 | -0.2% | -$781K |
|
55
Chevron
CVX
$324B
| $421M | 0.28% | 2,904,347 -144,367 | -5% | -$20.9M |
|
56
Thermo Fisher Scientific
TMO
$186B
| $418M | 0.28% | 803,203 -40,045 | -5% | -$20.8M |
|
57
Southern Company
SO
$102B
| $412M | 0.28% | 5,008,039 -31,985 | -0.6% | -$2.63M |
|
58
Linde
LIN
$224B
| $407M | 0.27% | 973,147 +38,412 | +4% | +$16.1M |
|
59
Booking.com
BKNG
$181B
| $402M | 0.27% | 80,834 +14,106 | +21% | +$70.1M |
|
|
60
Applied Materials
AMAT
$128B
| $393M | 0.26% | 2,419,582 -1,004,803 | -29% | -$163M |
|
61
Amphenol
APH
$133B
| $388M | 0.26% | 5,589,395 -101,626 | -2% | -$7.06M |
|
62
RTX Corp
RTX
$212B
| $386M | 0.26% | 3,339,255 -534,209 | -14% | -$61.8M |
|
63
Lockheed Martin
LMT
$106B
| $384M | 0.26% | 790,493 -9,810 | -1% | -$4.77M |
|
64
Duke Energy
DUK
$95.3B
| $380M | 0.25% | 3,529,534 -37,705 | -1% | -$4.06M |
|
65
CME Group
CME
$96B
| $377M | 0.25% | 1,623,595 -23,119 | -1% | -$5.37M |
|
66
Chubb
CB
$110B
| $373M | 0.25% | 1,350,381 +14,610 | +1% | +$4.04M |
|
67
Bristol-Myers Squibb
BMY
$96B
| $368M | 0.25% | 6,505,730 -1,820,805 | -22% | -$103M |
|
68
Comcast
CMCSA
$125B
| $362M | 0.24% | 9,639,495 -406,443 | -4% | -$15.3M |
|
69
McKesson
MCK
$85.4B
| $359M | 0.24% | 630,345 -13,488 | -2% | -$7.69M |
|
70
Advanced Micro Devices
AMD
$264B
| $355M | 0.24% | 2,939,174 -193,322 | -6% | -$23.4M |
|
71
Vertex Pharmaceuticals
VRTX
$100B
| $354M | 0.24% | 880,214 -87,637 | -9% | -$35.3M |
|
72
Colgate-Palmolive
CL
$67.9B
| $347M | 0.23% | 3,815,393 -41,693 | -1% | -$3.79M |
|
73
American Express
AXP
$231B
| $346M | 0.23% | 1,166,254 -169,095 | -13% | -$50.2M |
|
74
Motorola Solutions
MSI
$78.7B
| $345M | 0.23% | 746,432 -3,775 | -0.5% | -$1.74M |
|
75
Micron Technology
MU
$133B
| $342M | 0.23% | 4,067,046 +150,255 | +4% | +$12.6M |
|