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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Berkshire Hathaway Class A
BRK.A
$1.09T
| $388M | 0.3% | 733 -44 | -6% | -$23.3M |
|
77
Dollar General
DG
$23.9B
| $386M | 0.3% | 1,734,966 -19,986 | -1% | -$4.45M |
|
78
American Electric Power
AEP
$59.4B
| $376M | 0.29% | 3,770,877 -11,459 | -0.3% | -$1.14M |
|
79
Intercontinental Exchange
ICE
$101B
| $368M | 0.29% | 2,786,164 -98,570 | -3% | -$13M |
|
80
Advanced Micro Devices
AMD
$264B
| $358M | 0.28% | 3,275,726 +663,283 | +25% | +$72.5M |
|
81
Union Pacific
UNP
$133B
| $352M | 0.27% | 1,289,518 -93,593 | -7% | -$25.6M |
|
82
Qualcomm
QCOM
$173B
| $348M | 0.27% | 2,278,285 -150,967 | -6% | -$23.1M |
|
83
O'Reilly Automotive
ORLY
$88B
| $348M | 0.27% | 507,461 -4,217 | -0.8% | -$2.89M |
|
84
Cognizant
CTSH
$35.3B
| $347M | 0.27% | 3,867,414 -102,919 | -3% | -$9.23M |
|
85
Exelon
EXC
$44.1B
| $346M | 0.27% | 7,263,922 -111,234 | -2% | -$5.3M |
|
86
Equinix
EQIX
$76.9B
| $344M | 0.27% | 464,430 -8,426 | -2% | -$6.25M |
|
87
Medtronic
MDT
$119B
| $339M | 0.26% | 3,052,033 -247,631 | -8% | -$27.5M |
|
88
Nike
NKE
$114B
| $334M | 0.26% | 2,479,776 -181,124 | -7% | -$24.4M |
|
89
Linde
LIN
$224B
| $333M | 0.26% | 1,042,533 -63,482 | -6% | -$20.3M |
|
90
AutoZone
AZO
$70.2B
| $330M | 0.26% | 161,406 -2,698 | -2% | -$5.52M |
|
91
Amphenol
APH
$133B
| $329M | 0.26% | 4,369,468 -106,354 | -2% | -$8.01M |
|
92
Paychex
PAYX
$50.2B
| $327M | 0.25% | 2,396,919 -53,276 | -2% | -$7.27M |
|
93
Kroger
KR
$44.9B
| $309M | 0.24% | 5,382,257 -93,129 | -2% | -$5.34M |
|
94
General Mills
GIS
$26.4B
| $307M | 0.24% | 4,534,971 -56,549 | -1% | -$3.83M |
|
95
Motorola Solutions
MSI
$78.7B
| $304M | 0.24% | 1,255,523 -22,759 | -2% | -$5.51M |
|
96
RTX Corp
RTX
$212B
| $296M | 0.23% | 2,990,875 -219,118 | -7% | -$21.7M |
|
97
3M
MMM
$82.8B
| $295M | 0.23% | 1,982,817 -107,376 | -5% | -$16M |
|
98
Kimberly-Clark
KMB
$42.8B
| $293M | 0.23% | 2,377,652 +88,512 | +4% | +$10.9M |
|
99
Xcel Energy
XEL
$42.8B
| $291M | 0.23% | 4,029,576 -42,564 | -1% | -$3.07M |
|
100
Sempra
SRE
$53.9B
| $288M | 0.22% | 1,714,821 -28,495 | -2% | -$4.79M |
|