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 |
TE Connectivity
TEL
|
$156M |
| 2 |
Microsoft
MSFT
|
$154M |
| 3 |
Oracle
ORCL
|
$104M |
| 4 |
Apple
AAPL
|
$99.8M |
| 5 |
Texas Instruments
TXN
|
$98.1M |
Top Sells
| 1 |
Amazon
AMZN
|
$363M |
| 2 |
Accenture
ACN
|
$352M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$313M |
| 4 |
Charter Communications
CHTR
|
$159M |
| 5 |
Danaher
DHR
|
$150M |
Sector Composition
| 1 | Technology | 28.02% |
| 2 | Healthcare | 14.96% |
| 3 | Financials | 11.83% |
| 4 | Consumer Discretionary | 9.76% |
| 5 | Consumer Staples | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Roper Technologies
ROP
$56.6B
| $305M | 0.26% | 634,541 -760 | -0.1% | -$365K |
|
77
Amphenol
APH
$133B
| $305M | 0.26% | 3,588,616 -103,739 | -3% | -$8.81M |
|
78
American Tower
AMT
$95.5B
| $303M | 0.26% | 1,562,861 -33,815 | -2% | -$6.56M |
|
79
Wells Fargo
WFC
$263B
| $303M | 0.26% | 7,093,278 -1,280,511 | -15% | -$54.7M |
|
80
Analog Devices
ADI
$124B
| $301M | 0.26% | 1,543,753 +430,495 | +39% | +$83.9M |
|
81
Motorola Solutions
MSI
$78.7B
| $300M | 0.26% | 1,024,057 -28,158 | -3% | -$8.26M |
|
82
Union Pacific
UNP
$133B
| $292M | 0.25% | 1,426,927 -63,530 | -4% | -$13M |
|
83
AutoZone
AZO
$70.2B
| $288M | 0.25% | 115,572 -5,851 | -5% | -$14.6M |
|
84
Kimberly-Clark
KMB
$42.8B
| $288M | 0.25% | 2,085,280 -40,200 | -2% | -$5.55M |
|
85
Arthur J. Gallagher & Co
AJG
$77.6B
| $285M | 0.25% | 1,300,123 -27,828 | -2% | -$6.11M |
|
86
Public Storage
PSA
$51.7B
| $282M | 0.24% | 966,961 -20,653 | -2% | -$6.03M |
|
87
General Mills
GIS
$26.4B
| $281M | 0.24% | 3,659,450 -127,518 | -3% | -$9.78M |
|
88
Crown Castle
CCI
$43.2B
| $279M | 0.24% | 2,445,616 -28,343 | -1% | -$3.23M |
|
89
Honeywell
HON
$139B
| $278M | 0.24% | 1,341,685 -74,407 | -5% | -$15.4M |
|
90
Intercontinental Exchange
ICE
$101B
| $272M | 0.23% | 2,409,066 -12,849 | -0.5% | -$1.45M |
|
91
RTX Corp
RTX
$212B
| $270M | 0.23% | 2,755,843 -146,133 | -5% | -$14.3M |
|
92
Elevance Health
ELV
$71.8B
| $270M | 0.23% | 607,241 +31,931 | +6% | +$14.2M |
|
93
Citigroup
C
$178B
| $268M | 0.23% | 5,815,445 -949,645 | -14% | -$43.7M |
|
94
American Electric Power
AEP
$59.4B
| $267M | 0.23% | 3,175,327 -71,324 | -2% | -$6.01M |
|
95
Lowe's Companies
LOW
$145B
| $266M | 0.23% | 1,179,874 -68,606 | -5% | -$15.5M |
|
96
Dominion Energy
D
$51.1B
| $266M | 0.23% | 5,128,247 -76,472 | -1% | -$3.96M |
|
97
Starbucks
SBUX
$100B
| $263M | 0.23% | 2,658,289 -105,392 | -4% | -$10.4M |
|
98
Qualcomm
QCOM
$173B
| $261M | 0.22% | 2,196,482 -62,814 | -3% | -$7.48M |
|
99
Intel
INTC
$107B
| $260M | 0.22% | 7,789,478 -1,999,920 | -20% | -$66.9M |
|
100
McKesson
MCK
$85.4B
| $254M | 0.22% | 594,424 -10,253 | -2% | -$4.38M |
|