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
|
$584M |
| 2 |
Tesla
TSLA
|
$574M |
| 3 |
Microsoft
MSFT
|
$567M |
| 4 |
Apple
AAPL
|
$290M |
| 5 |
Chevron
CVX
|
$156M |
Top Sells
| 1 |
Eli Lilly
LLY
|
$437M |
| 2 |
Regeneron Pharmaceuticals
REGN
|
$114M |
| 3 |
Verizon
VZ
|
$113M |
| 4 |
Oracle
ORCL
|
$106M |
| 5 |
Mastercard
MA
|
$98.4M |
Sector Composition
| 1 | Technology | 28.31% |
| 2 | Healthcare | 14.61% |
| 3 | Financials | 12.06% |
| 4 | Consumer Discretionary | 10% |
| 5 | Consumer Staples | 7.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Netflix
NFLX
$513B
| $307M | 0.26% | 814,319 +12,787 | +2% | +$4.83M |
|
77
Advanced Micro Devices
AMD
$264B
| $305M | 0.26% | 2,967,512 +54,892 | +2% | +$5.64M |
|
78
Elevance Health
ELV
$71.8B
| $303M | 0.26% | 696,371 +89,130 | +15% | +$38.8M |
|
79
Amphenol
APH
$133B
| $303M | 0.26% | 3,607,257 +18,641 | +0.5% | +$1.57M |
|
80
Applied Materials
AMAT
$128B
| $299M | 0.26% | 2,161,556 +6,466 | +0.3% | +$895K |
|
81
Arthur J. Gallagher & Co
AJG
$77.6B
| $297M | 0.26% | 1,304,537 +4,414 | +0.3% | +$1.01M |
|
82
Union Pacific
UNP
$133B
| $292M | 0.25% | 1,432,763 +5,836 | +0.4% | +$1.19M |
|
83
AutoZone
AZO
$70.2B
| $288M | 0.25% | 113,190 -2,382 | -2% | -$6.05M |
|
84
Wells Fargo
WFC
$263B
| $285M | 0.25% | 6,975,816 -117,462 | -2% | -$4.8M |
|
85
Intel
INTC
$107B
| $282M | 0.24% | 7,933,925 +144,447 | +2% | +$5.14M |
|
86
Analog Devices
ADI
$124B
| $282M | 0.24% | 1,610,875 +67,122 | +4% | +$11.8M |
|
87
Intercontinental Exchange
ICE
$101B
| $279M | 0.24% | 2,539,965 +130,899 | +5% | +$14.4M |
|
88
Motorola Solutions
MSI
$78.7B
| $278M | 0.24% | 1,019,936 -4,121 | -0.4% | -$1.12M |
|
89
Caterpillar
CAT
$196B
| $275M | 0.24% | 1,006,662 +22,667 | +2% | +$6.19M |
|
90
McKesson
MCK
$85.4B
| $266M | 0.23% | 612,375 +17,951 | +3% | +$7.81M |
|
91
Intuit
INTU
$186B
| $265M | 0.23% | 518,314 +7,202 | +1% | +$3.68M |
|
92
American Tower
AMT
$95.5B
| $262M | 0.23% | 1,595,609 +32,748 | +2% | +$5.39M |
|
93
Cigna
CI
$80.3B
| $257M | 0.22% | 898,393 +166,863 | +23% | +$47.7M |
|
94
Public Storage
PSA
$51.7B
| $255M | 0.22% | 967,514 +553 | +0.1% | +$146K |
|
95
Kimberly-Clark
KMB
$42.8B
| $253M | 0.22% | 2,096,140 +10,860 | +0.5% | +$1.31M |
|
96
Honeywell
HON
$139B
| $252M | 0.22% | 1,364,537 +22,852 | +2% | +$4.22M |
|
97
Starbucks
SBUX
$100B
| $249M | 0.21% | 2,730,167 +71,878 | +3% | +$6.56M |
|
98
Qualcomm
QCOM
$173B
| $248M | 0.21% | 2,233,799 +37,317 | +2% | +$4.14M |
|
99
RTX Corp
RTX
$212B
| $240M | 0.21% | 3,337,468 +581,625 | +21% | +$41.9M |
|
100
American Electric Power
AEP
$59.4B
| $239M | 0.21% | 3,178,689 +3,362 | +0.1% | +$253K |
|