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 |
Gilead Sciences
GILD
|
$475M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
$463M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
$408M |
| 4 |
Adobe
ADBE
|
$333M |
| 5 |
T-Mobile US
TMUS
|
$205M |
Top Sells
| 1 |
Apple
AAPL
|
$372M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$146M |
| 3 |
Sysco
SYY
|
$144M |
| 4 |
AGN
Allergan plc
AGN
|
$134M |
| 5 |
Welltower
WELL
|
$124M |
Sector Composition
| 1 | Technology | 20.98% |
| 2 | Healthcare | 14.54% |
| 3 | Financials | 12.83% |
| 4 | Consumer Discretionary | 10.65% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Kimberly-Clark
KMB
$42.8B
| $317M | 0.31% | 2,242,370 +97,403 | +5% | +$13.8M |
|
77
Costco
COST
$418B
| $300M | 0.3% | 988,340 -1,786 | -0.2% | -$542K |
|
78
L3Harris
LHX
$51.9B
| $294M | 0.29% | 1,735,572 +77,594 | +5% | +$13.2M |
|
|
79
T-Mobile US
TMUS
$284B
| $279M | 0.27% | 2,675,857 +1,966,579 | +277% | +$205M |
|
80
Broadcom
AVGO
$1.4T
| $277M | 0.27% | 878,365 +4,466 | +0.5% | +$1.41M |
|
81
General Mills
GIS
$26.4B
| $277M | 0.27% | 4,488,164 +221,611 | +5% | +$13.7M |
|
82
Progressive
PGR
$145B
| $275M | 0.27% | 3,436,459 +149,991 | +5% | +$12M |
|
83
Xcel Energy
XEL
$42.8B
| $275M | 0.27% | 4,394,915 +228,432 | +5% | +$14.3M |
|
84
Exelon
EXC
$44.1B
| $271M | 0.27% | 7,479,135 +377,655 | +5% | +$13.7M |
|
85
Nike
NKE
$114B
| $268M | 0.26% | 2,730,609 +79,643 | +3% | +$7.81M |
|
86
Intercontinental Exchange
ICE
$101B
| $260M | 0.26% | 2,838,786 +89,020 | +3% | +$8.15M |
|
87
Allstate
ALL
$53.6B
| $258M | 0.25% | 2,662,531 -12,145 | -0.5% | -$1.18M |
|
88
Union Pacific
UNP
$133B
| $258M | 0.25% | 1,523,874 -44,114 | -3% | -$7.46M |
|
89
Global Payments
GPN
$21.5B
| $256M | 0.25% | 1,509,350 +58,744 | +4% | +$9.96M |
|
90
Public Storage
PSA
$51.7B
| $251M | 0.25% | 1,306,320 +511 | +0% | +$98.1K |
|
91
Stryker
SYK
$150B
| $250M | 0.25% | 1,386,071 +47,717 | +4% | +$8.6M |
|
92
Linde
LIN
$224B
| $250M | 0.25% | 1,176,980 -33,682 | -3% | -$7.14M |
|
93
Citigroup
C
$178B
| $247M | 0.24% | 4,831,274 -59,678 | -1% | -$3.05M |
|
94
Synopsys
SNPS
$112B
| $246M | 0.24% | 1,261,765 +57,232 | +5% | +$11.2M |
|
95
Berkshire Hathaway Class A
BRK.A
$1.09T
| $245M | 0.24% | 917 -50 | -5% | -$13.4M |
|
96
Travelers Companies
TRV
$61.1B
| $244M | 0.24% | 2,141,526 +21,351 | +1% | +$2.44M |
|
97
Starbucks
SBUX
$100B
| $241M | 0.24% | 3,275,949 -2,581 | -0.1% | -$190K |
|
98
Honeywell
HON
$139B
| $239M | 0.24% | 1,655,861 -43,947 | -3% | -$6.35M |
|
99
Amphenol
APH
$133B
| $238M | 0.23% | 2,484,640 +65,895 | +3% | +$6.31M |
|
100
WEC Energy
WEC
$34.3B
| $233M | 0.23% | 2,653,993 +73,925 | +3% | +$6.48M |
|