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 |
NVIDIA
NVDA
|
$851M |
| 2 |
Netflix
NFLX
|
$376M |
| 3 |
Charter Communications
CHTR
|
$360M |
| 4 |
Costco
COST
|
$202M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$185M |
Top Sells
| 1 |
GE Aerospace
GE
|
$1.77B |
| 2 |
Coca-Cola
KO
|
$211M |
| 3 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$174M |
| 4 |
Labcorp
LH
|
$151M |
| 5 |
Stryker
SYK
|
$128M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
IBM
IBM
$227B
| $381M | 0.28% | 2,740,933 -21,222 | -0.8% | -$2.95M |
|
77
Equinix
EQIX
$76.9B
| $379M | 0.28% | 479,040 +24,199 | +5% | +$19.1M |
|
78
Colgate-Palmolive
CL
$67.9B
| $376M | 0.28% | 4,973,038 +64,257 | +1% | +$4.86M |
|
79
Starbucks
SBUX
$100B
| $367M | 0.27% | 3,326,250 -7,164 | -0.2% | -$790K |
|
80
Exelon
EXC
$44.1B
| $366M | 0.27% | 7,580,124 +79,815 | +1% | +$3.86M |
|
81
Vertex Pharmaceuticals
VRTX
$100B
| $364M | 0.27% | 2,006,318 +11,900 | +0.6% | +$2.16M |
|
82
Public Storage
PSA
$51.7B
| $360M | 0.27% | 1,210,126 +15,863 | +1% | +$4.71M |
|
83
Honeywell
HON
$139B
| $355M | 0.27% | 1,673,296 +1,659 | +0.1% | +$352K |
|
84
Synopsys
SNPS
$112B
| $353M | 0.26% | 1,178,673 +14,074 | +1% | +$4.21M |
|
85
L3Harris
LHX
$51.9B
| $352M | 0.26% | 1,597,887 +1,881 | +0.1% | +$414K |
|
|
86
Berkshire Hathaway Class A
BRK.A
$1.09T
| $341M | 0.25% | 829 -10 | -1% | -$4.11M |
|
87
3M
MMM
$82.8B
| $341M | 0.25% | 1,941,398 +373,543 | +24% | +$65.5M |
|
88
Linde
LIN
$224B
| $340M | 0.25% | 1,157,342 -17,716 | -2% | -$5.2M |
|
89
Amphenol
APH
$133B
| $336M | 0.25% | 4,592,615 +34,787 | +0.8% | +$2.55M |
|
90
Newmont
NEM
$81.7B
| $336M | 0.25% | 6,193,690 +45,939 | +0.7% | +$2.49M |
|
91
Intercontinental Exchange
ICE
$101B
| $336M | 0.25% | 2,927,009 +23,593 | +0.8% | +$2.71M |
|
92
Citigroup
C
$178B
| $326M | 0.24% | 4,640,059 -197,460 | -4% | -$13.9M |
|
93
Qualcomm
QCOM
$173B
| $325M | 0.24% | 2,522,454 -16,601 | -0.7% | -$2.14M |
|
94
Intuit
INTU
$186B
| $324M | 0.24% | 600,173 +2,846 | +0.5% | +$1.54M |
|
95
Lowe's Companies
LOW
$145B
| $323M | 0.24% | 1,591,500 -42,214 | -3% | -$8.56M |
|
96
Progressive
PGR
$145B
| $319M | 0.24% | 3,527,550 +32,993 | +0.9% | +$2.98M |
|
97
Electronic Arts
EA
$43B
| $317M | 0.24% | 2,227,252 +19,485 | +0.9% | +$2.77M |
|
98
Baxter International
BAX
$12.7B
| $313M | 0.23% | 3,892,240 +4,648 | +0.1% | +$374K |
|
99
American Electric Power
AEP
$59.4B
| $312M | 0.23% | 3,848,327 +31,350 | +0.8% | +$2.54M |
|
100
Kimberly-Clark
KMB
$42.8B
| $305M | 0.23% | 2,302,628 +24,776 | +1% | +$3.28M |
|