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
+3.28%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$61.7B
AUM Growth
+$61.7B
Cap. Flow
-$1.51B
Cap. Flow %
-2.45%
Top 10 Hldgs %
14.02%
Holding
3,657
New
69
Increased
913
Reduced
1,809
Closed
93

Sector Composition

1 Financials 15.11%
2 Technology 13.9%
3 Healthcare 13.7%
4 Industrials 10.58%
5 Consumer Discretionary 9.48%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
GS icon
76
Goldman Sachs
GS
$226B
$153M 0.25% 1,029,080 -22,400 -2% -$3.33M
DD icon
77
DuPont de Nemours
DD
$32.2B
$152M 0.25% 3,057,490 +227,300 +8% +$11.3M
TJX icon
78
TJX Companies
TJX
$152B
$148M 0.24% 1,920,432 -54,600 -3% -$4.22M
AXP icon
79
American Express
AXP
$231B
$148M 0.24% 2,436,326 -53,500 -2% -$3.25M
ABT icon
80
Abbott
ABT
$231B
$146M 0.24% 3,708,429 -161,300 -4% -$6.34M
AVGO icon
81
Broadcom
AVGO
$1.4T
$145M 0.23% 931,014 -33,500 -3% -$5.21M
TMO icon
82
Thermo Fisher Scientific
TMO
$186B
$142M 0.23% 958,200 -22,400 -2% -$3.31M
ESRX
83
DELISTED
Express Scripts Holding Company
ESRX
$138M 0.22% 1,822,700 -109,800 -6% -$8.32M
MON
84
DELISTED
Monsanto Co
MON
$137M 0.22% 1,320,782 -10,200 -0.8% -$1.05M
D icon
85
Dominion Energy
D
$51.1B
$136M 0.22% 1,744,238 +72,500 +4% +$5.65M
KMB icon
86
Kimberly-Clark
KMB
$42.8B
$133M 0.22% 970,167 -17,300 -2% -$2.38M
DHR icon
87
Danaher
DHR
$147B
$133M 0.22% 1,318,599 -30,900 -2% -$3.12M
BIIB icon
88
Biogen
BIIB
$19.4B
$133M 0.21% 548,700 -14,600 -3% -$3.53M
PSX icon
89
Phillips 66
PSX
$54B
$132M 0.21% 1,661,470 -75,700 -4% -$6.01M
EMC
90
DELISTED
EMC CORPORATION
EMC
$132M 0.21% 4,840,259 -250,300 -5% -$6.8M
CAT icon
91
Caterpillar
CAT
$196B
$131M 0.21% 1,722,835 -24,700 -1% -$1.87M
SO icon
92
Southern Company
SO
$102B
$130M 0.21% 2,425,128 -67,500 -3% -$3.62M
NOC icon
93
Northrop Grumman
NOC
$84.5B
$129M 0.21% 579,001 -23,700 -4% -$5.27M
SYF icon
94
Synchrony
SYF
$28.4B
$128M 0.21% 5,046,919 -76,100 -1% -$1.92M
F icon
95
Ford
F
$46.8B
$127M 0.21% 10,086,554 -205,600 -2% -$2.58M
TGT icon
96
Target
TGT
$43.6B
$127M 0.21% 1,814,461 -46,100 -2% -$3.22M
BK icon
97
Bank of New York Mellon
BK
$74.5B
$124M 0.2% 3,200,928 -71,100 -2% -$2.76M
ADBE icon
98
Adobe
ADBE
$151B
$124M 0.2% 1,289,800 -29,600 -2% -$2.84M
GD icon
99
General Dynamics
GD
$87.3B
$122M 0.2% 876,811 -6,000 -0.7% -$835K
PNC icon
100
PNC Financial Services
PNC
$81.7B
$122M 0.2% 1,493,357 -62,000 -4% -$5.05M