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 |
Alphabet (Google) Class A
GOOGL
|
$1.37B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$1.23B |
| 3 |
Tesla
TSLA
|
$1.09B |
| 4 |
Apple
AAPL
|
$739M |
| 5 |
Microsoft
MSFT
|
$541M |
Top Sells
| 1 |
Waste Connections
WCN
|
$171M |
| 2 |
Walmart
WMT
|
$168M |
| 3 |
NextEra Energy, Inc.
NEE
|
$168M |
| 4 |
Accenture
ACN
|
$125M |
| 5 |
Adobe
ADBE
|
$116M |
Sector Composition
| 1 | Technology | 22.77% |
| 2 | Healthcare | 16.6% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
O'Reilly Automotive
ORLY
$88B
| $318M | 0.29% | 451,859 -36,071 | -7% | -$25.4M |
|
77
American Electric Power
AEP
$59.4B
| $317M | 0.29% | 3,665,708 -42,574 | -1% | -$3.68M |
|
78
Linde
LIN
$224B
| $306M | 0.28% | 1,133,850 +162,159 | +17% | +$43.7M |
|
79
AutoZone
AZO
$70.2B
| $301M | 0.28% | 140,720 -10,997 | -7% | -$23.6M |
|
80
ConocoPhillips
COP
$124B
| $301M | 0.28% | 2,943,889 +378,744 | +15% | +$38.8M |
|
81
Qualcomm
QCOM
$173B
| $289M | 0.27% | 2,554,956 +387,509 | +18% | +$43.8M |
|
82
Intel
INTC
$107B
| $287M | 0.26% | 11,141,269 +1,690,823 | +18% | +$43.6M |
|
83
Amphenol
APH
$133B
| $282M | 0.26% | 4,214,278 -56,288 | -1% | -$3.77M |
|
84
Lowe's Companies
LOW
$145B
| $280M | 0.26% | 1,488,367 +190,042 | +15% | +$35.7M |
|
85
Union Pacific
UNP
$133B
| $278M | 0.26% | 1,426,711 +209,075 | +17% | +$40.7M |
|
86
RTX Corp
RTX
$212B
| $277M | 0.25% | 3,381,223 +560,505 | +20% | +$45.9M |
|
87
Medtronic
MDT
$119B
| $272M | 0.25% | 3,367,017 +438,105 | +15% | +$35.4M |
|
88
Honeywell
HON
$139B
| $268M | 0.25% | 1,603,767 +196,808 | +14% | +$32.9M |
|
89
Starbucks
SBUX
$100B
| $267M | 0.25% | 3,170,565 +340,025 | +12% | +$28.7M |
|
90
Target
TGT
$43.6B
| $265M | 0.24% | 1,787,383 -579,728 | -24% | -$86M |
|
91
Motorola Solutions
MSI
$78.7B
| $263M | 0.24% | 1,176,185 -47,478 | -4% | -$10.6M |
|
92
Equinix
EQIX
$76.9B
| $263M | 0.24% | 462,512 +3,171 | +0.7% | +$1.8M |
|
93
Exelon
EXC
$44.1B
| $261M | 0.24% | 6,971,855 -156,462 | -2% | -$5.86M |
|
94
Kimberly-Clark
KMB
$42.8B
| $261M | 0.24% | 2,315,824 -36,827 | -2% | -$4.14M |
|
95
Paychex
PAYX
$50.2B
| $258M | 0.24% | 2,297,800 -52,789 | -2% | -$5.92M |
|
96
Elevance Health
ELV
$71.8B
| $252M | 0.23% | 553,785 +77,063 | +16% | +$35M |
|
97
Intercontinental Exchange
ICE
$101B
| $249M | 0.23% | 2,761,083 +35,820 | +1% | +$3.24M |
|
98
Sempra
SRE
$53.9B
| $249M | 0.23% | 1,659,651 -11,354 | -0.7% | -$1.7M |
|
99
Arthur J. Gallagher & Co
AJG
$77.6B
| $248M | 0.23% | 1,449,060 -19,540 | -1% | -$3.35M |
|
100
Charles Schwab
SCHW
$174B
| $248M | 0.23% | 3,448,049 +554,253 | +19% | +$39.8M |
|