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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Equinix
EQIX
$76.9B
| $307M | 0.27% | 425,847 -24,163 | -5% | -$17.4M |
|
77
Berkshire Hathaway Class A
BRK.A
$1.09T
| $306M | 0.27% | 658 -124 | -16% | -$57.7M |
|
78
Amphenol
APH
$133B
| $302M | 0.27% | 3,692,355 -247,705 | -6% | -$20.2M |
|
79
Motorola Solutions
MSI
$78.7B
| $301M | 0.27% | 1,052,215 -60,624 | -5% | -$17.3M |
|
80
Union Pacific
UNP
$133B
| $300M | 0.27% | 1,490,457 -192,208 | -11% | -$38.7M |
|
81
Dollar General
DG
$23.9B
| $299M | 0.27% | 1,422,199 -92,769 | -6% | -$19.5M |
|
82
Advanced Micro Devices
AMD
$264B
| $299M | 0.27% | 3,048,816 -506,070 | -14% | -$49.6M |
|
83
AutoZone
AZO
$70.2B
| $298M | 0.26% | 121,423 -9,498 | -7% | -$23.3M |
|
84
Public Storage
PSA
$51.7B
| $298M | 0.26% | 987,614 -106,504 | -10% | -$32.2M |
|
85
American Electric Power
AEP
$59.4B
| $295M | 0.26% | 3,246,651 -192,789 | -6% | -$17.5M |
|
86
Netflix
NFLX
$513B
| $291M | 0.26% | 843,048 -149,679 | -15% | -$51.7M |
|
87
Dominion Energy
D
$51.1B
| $291M | 0.26% | 5,204,719 -303,744 | -6% | -$17M |
|
88
Qualcomm
QCOM
$173B
| $288M | 0.26% | 2,259,296 -307,901 | -12% | -$39.3M |
|
89
Starbucks
SBUX
$100B
| $288M | 0.26% | 2,763,681 -312,595 | -10% | -$32.6M |
|
90
Nike
NKE
$114B
| $288M | 0.26% | 2,346,169 -384,928 | -14% | -$47.2M |
|
91
Kimberly-Clark
KMB
$42.8B
| $285M | 0.25% | 2,125,480 -78,914 | -4% | -$10.6M |
|
92
RTX Corp
RTX
$212B
| $284M | 0.25% | 2,901,976 -439,814 | -13% | -$43.1M |
|
93
Northrop Grumman
NOC
$84.5B
| $283M | 0.25% | 613,598 +106,358 | +21% | +$49.1M |
|
94
Roper Technologies
ROP
$56.6B
| $280M | 0.25% | 635,301 +17,166 | +3% | +$7.56M |
|
95
Applied Materials
AMAT
$128B
| $276M | 0.24% | 2,245,287 +249,402 | +12% | +$30.6M |
|
96
Honeywell
HON
$139B
| $271M | 0.24% | 1,416,092 -183,160 | -11% | -$35M |
|
97
Elevance Health
ELV
$71.8B
| $265M | 0.23% | 575,310 -71,131 | -11% | -$32.7M |
|
98
Exelon
EXC
$44.1B
| $261M | 0.23% | 6,220,100 -410,433 | -6% | -$17.2M |
|
99
Arthur J. Gallagher & Co
AJG
$77.6B
| $254M | 0.23% | 1,327,951 -68,862 | -5% | -$13.2M |
|
100
Intercontinental Exchange
ICE
$101B
| $253M | 0.22% | 2,421,915 -200,994 | -8% | -$21M |
|