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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Amgen
AMGN
$155B
| $303M | 0.3% | 1,567,552 +274,146 | +21% | +$53M |
|
77
Sysco
SYY
$38.5B
| $301M | 0.3% | 3,791,535 +177,287 | +5% | +$14.1M |
|
78
Zoetis
ZTS
$69.3B
| $299M | 0.3% | 2,397,369 +256,715 | +12% | +$32M |
|
79
Elevance Health
ELV
$71.8B
| $296M | 0.29% | 1,234,615 +142,246 | +13% | +$34.2M |
|
80
Yum! Brands
YUM
$40.8B
| $294M | 0.29% | 2,594,083 +154,301 | +6% | +$17.5M |
|
81
Stryker
SYK
$150B
| $291M | 0.29% | 1,346,967 +180,043 | +15% | +$38.9M |
|
82
Sempra
SRE
$53.9B
| $291M | 0.29% | 1,971,204 +166,998 | +9% | +$24.7M |
|
83
PayPal
PYPL
$67.1B
| $289M | 0.29% | 2,793,920 +606,988 | +28% | +$62.9M |
|
84
Welltower
WELL
$113B
| $285M | 0.28% | 3,139,581 +263,571 | +9% | +$23.9M |
|
85
Automatic Data Processing
ADP
$123B
| $284M | 0.28% | 1,757,439 +181,198 | +11% | +$29.2M |
|
86
Ross Stores
ROST
$48.1B
| $281M | 0.28% | 2,560,277 -298,220 | -10% | -$32.8M |
|
87
Costco
COST
$418B
| $276M | 0.27% | 958,790 +209,544 | +28% | +$60.4M |
|
88
Xcel Energy
XEL
$42.8B
| $272M | 0.27% | 4,198,796 +258,679 | +7% | +$16.8M |
|
89
AbbVie
ABBV
$372B
| $270M | 0.27% | 3,566,502 +644,078 | +22% | +$48.8M |
|
90
Nike
NKE
$114B
| $270M | 0.27% | 2,874,539 +477,518 | +20% | +$44.8M |
|
91
Union Pacific
UNP
$133B
| $269M | 0.27% | 1,660,084 +289,331 | +21% | +$46.9M |
|
92
Equity Residential
EQR
$25.3B
| $268M | 0.27% | 3,107,981 +207,011 | +7% | +$17.9M |
|
93
Salesforce
CRM
$245B
| $267M | 0.27% | 1,796,994 +570,499 | +47% | +$84.7M |
|
94
Newmont
NEM
$81.7B
| $265M | 0.26% | 6,975,394 +638,510 | +10% | +$24.2M |
|
95
Public Service Enterprise Group
PEG
$41.1B
| $262M | 0.26% | 4,216,542 +418,164 | +11% | +$26M |
|
96
Thermo Fisher Scientific
TMO
$186B
| $260M | 0.26% | 893,555 +196,657 | +28% | +$57.3M |
|
97
RTX Corp
RTX
$212B
| $258M | 0.26% | 1,888,283 -317,990 | -14% | -$43.4M |
|
98
Broadcom
AVGO
$1.4T
| $252M | 0.25% | 911,270 +229,749 | +34% | +$63.4M |
|
99
Consolidated Edison
ED
$35.4B
| $249M | 0.25% | 2,636,776 +216,202 | +9% | +$20.4M |
|
100
Equinix
EQIX
$76.9B
| $249M | 0.25% | 431,034 +55,142 | +15% | +$31.8M |
|