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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Amphenol
APH
$133B
| $371M | 0.26% | 5,691,021 -160,231 | -3% | -$10.4M |
|
77
Analog Devices
ADI
$124B
| $371M | 0.26% | 1,610,408 +9,553 | +0.6% | +$2.2M |
|
78
Lowe's Companies
LOW
$145B
| $364M | 0.26% | 1,345,713 -76,236 | -5% | -$20.6M |
|
79
American Tower
AMT
$95.5B
| $364M | 0.25% | 1,566,003 -310,743 | -17% | -$72.3M |
|
80
S&P Global
SPGI
$167B
| $364M | 0.25% | 703,994 +1,659 | +0.2% | +$857K |
|
81
CME Group
CME
$96B
| $363M | 0.25% | 1,646,714 -76,322 | -4% | -$16.8M |
|
82
Caterpillar
CAT
$196B
| $363M | 0.25% | 927,931 -9,410 | -1% | -$3.68M |
|
83
Intercontinental Exchange
ICE
$101B
| $363M | 0.25% | 2,257,307 -91,488 | -4% | -$14.7M |
|
84
American Express
AXP
$231B
| $362M | 0.25% | 1,335,349 -133,957 | -9% | -$36.3M |
|
85
Motorola Solutions
MSI
$78.7B
| $337M | 0.24% | 750,207 -53,321 | -7% | -$24M |
|
86
Union Pacific
UNP
$133B
| $329M | 0.23% | 1,335,647 -3,167 | -0.2% | -$781K |
|
87
Northrop Grumman
NOC
$84.5B
| $322M | 0.23% | 610,335 -36,076 | -6% | -$19.1M |
|
88
Becton Dickinson
BDX
$55.3B
| $320M | 0.22% | 1,327,215 -78,505 | -6% | -$18.9M |
|
89
McKesson
MCK
$85.4B
| $318M | 0.22% | 643,833 +62,751 | +11% | +$31M |
|
90
Intel
INTC
$107B
| $314M | 0.22% | 13,374,483 -782,616 | -6% | -$18.4M |
|
91
TJX Companies
TJX
$152B
| $311M | 0.22% | 2,649,101 +20,644 | +0.8% | +$2.43M |
|
92
Equinix
EQIX
$76.9B
| $309M | 0.22% | 348,538 -52,495 | -13% | -$46.6M |
|
93
Deere & Co
DE
$129B
| $308M | 0.22% | 737,955 +192,259 | +35% | +$80.2M |
|
94
Prologis
PLD
$106B
| $304M | 0.21% | 2,404,954 +509,704 | +27% | +$64.4M |
|
|
95
NXP Semiconductors
NXPI
$59.2B
| $301M | 0.21% | 1,254,393 +790,291 | +170% | +$190M |
|
96
Intuitive Surgical
ISRG
$170B
| $298M | 0.21% | 606,559 +5,865 | +1% | +$2.88M |
|
97
Target
TGT
$43.6B
| $295M | 0.21% | 1,890,718 +472,577 | +33% | +$73.7M |
|
98
Aon
AON
$79.1B
| $292M | 0.2% | 843,331 -45,020 | -5% | -$15.6M |
|
99
Goldman Sachs
GS
$226B
| $290M | 0.2% | 586,206 -69,211 | -11% | -$34.3M |
|
100
Cigna
CI
$80.3B
| $287M | 0.2% | 827,952 -25,074 | -3% | -$8.69M |
|