California Public Employees Retirement System

California Public Employees Retirement System Portfolio holdings

AUM $157B
 

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.

This Quarter Return
+4.92%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$136B
AUM Growth
+$136B
Cap. Flow
-$1.32B
Cap. Flow %
-0.97%
Top 10 Hldgs %
30.01%
Holding
1,172
New
3
Increased
461
Reduced
698
Closed
5

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
BMY icon
76
Bristol-Myers Squibb
BMY
$96B
$362M 0.27% 8,715,947 -1,247,508 -13% -$51.8M
MDLZ icon
77
Mondelez International
MDLZ
$79.5B
$353M 0.26% 5,399,040 -743,749 -12% -$48.7M
ELV icon
78
Elevance Health
ELV
$71.8B
$353M 0.26% 651,310 -116,338 -15% -$63M
CB icon
79
Chubb
CB
$110B
$351M 0.26% 1,375,980 -4,621 -0.3% -$1.18M
UPS icon
80
United Parcel Service
UPS
$74.1B
$346M 0.25% 2,528,087 +353,238 +16% +$48.3M
AXP icon
81
American Express
AXP
$231B
$340M 0.25% 1,469,306 +429,463 +41% +$99.4M
MCK icon
82
McKesson
MCK
$85.4B
$339M 0.25% 581,082 -73,438 -11% -$42.9M
CME icon
83
CME Group
CME
$96B
$339M 0.25% 1,723,036 -379,968 -18% -$74.7M
HON icon
84
Honeywell
HON
$139B
$336M 0.25% 1,572,802 -78,330 -5% -$16.7M
BDX icon
85
Becton Dickinson
BDX
$55.3B
$329M 0.24% 1,405,720 -286,099 -17% -$66.9M
ICE icon
86
Intercontinental Exchange
ICE
$101B
$322M 0.24% 2,348,795 -196,512 -8% -$26.9M
LOW icon
87
Lowe's Companies
LOW
$145B
$313M 0.23% 1,421,949 +351,121 +33% +$77.4M
SPGI icon
88
S&P Global
SPGI
$167B
$313M 0.23% 702,335 +52,910 +8% +$23.6M
CAT icon
89
Caterpillar
CAT
$196B
$312M 0.23% 937,341 +5,118 +0.5% +$1.7M
MSI icon
90
Motorola Solutions
MSI
$78.7B
$310M 0.23% 803,528 -169,118 -17% -$65.3M
EQIX icon
91
Equinix
EQIX
$76.9B
$303M 0.22% 401,033 -28,594 -7% -$21.6M
UNP icon
92
Union Pacific
UNP
$133B
$303M 0.22% 1,338,814 -38,550 -3% -$8.72M
ORLY icon
93
O'Reilly Automotive
ORLY
$88B
$297M 0.22% 281,060 -68,325 -20% -$72.2M
GS icon
94
Goldman Sachs
GS
$226B
$296M 0.22% 655,417 -64,841 -9% -$29.3M
ROP icon
95
Roper Technologies
ROP
$56.6B
$295M 0.22% 522,692 -99,218 -16% -$55.9M
CDNS icon
96
Cadence Design Systems
CDNS
$95.5B
$294M 0.22% 954,064 +13,458 +1% +$4.14M
MDT icon
97
Medtronic
MDT
$119B
$292M 0.21% 3,714,349 +986,783 +36% +$77.7M
TJX icon
98
TJX Companies
TJX
$152B
$289M 0.21% 2,628,457 +397,982 +18% +$43.8M
CI icon
99
Cigna
CI
$80.3B
$282M 0.21% 853,026 -100,339 -11% -$33.2M
NOC icon
100
Northrop Grumman
NOC
$84.5B
$282M 0.21% 646,411 -118,707 -16% -$51.8M