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
|
$6.83B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$200M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Amphenol
APH
|
$163M |
| 5 |
Chipotle Mexican Grill
CMG
|
$151M |
Top Sells
| 1 |
Financial Select Sector SPDR Fund
XLF
|
$505M |
| 2 |
Costco
COST
|
$422M |
| 3 |
Home Depot
HD
|
$348M |
| 4 |
Bank of America
BAC
|
$259M |
| 5 |
PepsiCo
PEP
|
$247M |
Sector Composition
| 1 | Technology | 33.69% |
| 2 | Healthcare | 12.79% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Bristol-Myers Squibb
BMY
$96B
| $362M | 0.27% |
8,715,947
-1,247,508
| -13% | -$51.8M |
|
77
Mondelez International
MDLZ
$79.6B
| $353M | 0.26% |
5,399,040
-743,749
| -12% | -$48.7M |
|
78
Elevance Health
ELV
$72.9B
| $353M | 0.26% |
651,310
-116,338
| -15% | -$63M |
|
79
Chubb
CB
$110B
| $351M | 0.26% |
1,375,980
-4,621
| -0.3% | -$1.18M |
|
80
United Parcel Service
UPS
$72.1B
| $346M | 0.25% |
2,528,087
+353,238
| +16% | +$48.3M |
|
81
American Express
AXP
$228B
| $340M | 0.25% |
1,469,306
+429,463
| +41% | +$99.4M |
|
82
McKesson
MCK
$86.3B
| $339M | 0.25% |
581,082
-73,438
| -11% | -$42.9M |
|
83
CME Group
CME
$95.7B
| $339M | 0.25% |
1,723,036
-379,968
| -18% | -$74.7M |
|
84
Honeywell
HON
$137B
| $336M | 0.25% |
1,572,802
-78,330
| -5% | -$16.7M |
|
85
Becton Dickinson
BDX
$54.5B
| $329M | 0.24% |
1,405,720
-286,099
| -17% | -$66.9M |
|
86
Intercontinental Exchange
ICE
$100B
| $322M | 0.24% |
2,348,795
-196,512
| -8% | -$26.9M |
|
87
Lowe's Companies
LOW
$145B
| $313M | 0.23% |
1,421,949
+351,121
| +33% | +$77.4M |
|
88
S&P Global
SPGI
$165B
| $313M | 0.23% |
702,335
+52,910
| +8% | +$23.6M |
|
89
Caterpillar
CAT
$195B
| $312M | 0.23% |
937,341
+5,118
| +0.5% | +$1.7M |
|
90
Motorola Solutions
MSI
$79.1B
| $310M | 0.23% |
803,528
-169,118
| -17% | -$65.3M |
|
91
Equinix
EQIX
$75.5B
| $303M | 0.22% |
401,033
-28,594
| -7% | -$21.6M |
|
92
Union Pacific
UNP
$130B
| $303M | 0.22% |
1,338,814
-38,550
| -3% | -$8.72M |
|
93
O'Reilly Automotive
ORLY
$88.1B
| $297M | 0.22% |
281,060
-68,325
| -20% | -$72.2M |
|
94
Goldman Sachs
GS
$221B
| $296M | 0.22% |
655,417
-64,841
| -9% | -$29.3M |
|
95
Roper Technologies
ROP
$55.9B
| $295M | 0.22% |
522,692
-99,218
| -16% | -$55.9M |
|
96
Cadence Design Systems
CDNS
$94.1B
| $294M | 0.22% |
954,064
+13,458
| +1% | +$4.14M |
|
97
Medtronic
MDT
$120B
| $292M | 0.21% |
3,714,349
+986,783
| +36% | +$77.7M |
|
98
TJX Companies
TJX
$154B
| $289M | 0.21% |
2,628,457
+397,982
| +18% | +$43.8M |
|
99
Cigna
CI
$80.7B
| $282M | 0.21% |
853,026
-100,339
| -11% | -$33.2M |
|
100
Northrop Grumman
NOC
$84.5B
| $282M | 0.21% |
646,411
-118,707
| -16% | -$51.8M |
|