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
+3.08%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$149B
AUM Growth
+$149B
Cap. Flow
+$5.72B
Cap. Flow %
3.82%
Top 10 Hldgs %
34.44%
Holding
1,148
New
2
Increased
213
Reduced
923
Closed
6

Sector Composition

1 Technology 32.39%
2 Financials 12.4%
3 Healthcare 10.11%
4 Consumer Discretionary 8.73%
5 Communication Services 7.91%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
TJX icon
76
TJX Companies
TJX
$152B
$339M 0.23% 2,807,955 +158,854 +6% +$19.2M
SPGI icon
77
S&P Global
SPGI
$167B
$335M 0.22% 672,450 -31,544 -4% -$15.7M
ADI icon
78
Analog Devices
ADI
$124B
$334M 0.22% 1,574,253 -36,155 -2% -$7.68M
ICE icon
79
Intercontinental Exchange
ICE
$101B
$334M 0.22% 2,239,701 -17,606 -0.8% -$2.62M
EQIX icon
80
Equinix
EQIX
$76.9B
$331M 0.22% 350,704 +2,166 +0.6% +$2.04M
BSX icon
81
Boston Scientific
BSX
$156B
$323M 0.22% 3,619,112 +208,741 +6% +$18.6M
WM icon
82
Waste Management
WM
$91.2B
$323M 0.22% 1,600,534 -243,351 -13% -$49.1M
DHR icon
83
Danaher
DHR
$147B
$321M 0.21% 1,398,290 -48,324 -3% -$11.1M
ORLY icon
84
O'Reilly Automotive
ORLY
$88B
$311M 0.21% 262,035 -63,375 -19% -$75.2M
GE icon
85
GE Aerospace
GE
$292B
$311M 0.21% 1,862,728 -147,410 -7% -$24.6M
CAT icon
86
Caterpillar
CAT
$196B
$310M 0.21% 854,517 -73,414 -8% -$26.6M
AON icon
87
Aon
AON
$79.1B
$307M 0.21% 854,806 +11,475 +1% +$4.12M
GS icon
88
Goldman Sachs
GS
$226B
$306M 0.2% 534,972 -51,234 -9% -$29.3M
MDLZ icon
89
Mondelez International
MDLZ
$79.5B
$302M 0.2% 5,062,918 -68,217 -1% -$4.07M
DE icon
90
Deere & Co
DE
$129B
$301M 0.2% 710,090 -27,865 -4% -$11.8M
AMT icon
91
American Tower
AMT
$95.5B
$299M 0.2% 1,631,644 +65,641 +4% +$12M
MS icon
92
Morgan Stanley
MS
$240B
$298M 0.2% 2,372,562 -122,648 -5% -$15.4M
BDX icon
93
Becton Dickinson
BDX
$55.3B
$297M 0.2% 1,308,708 -18,507 -1% -$4.2M
ISRG icon
94
Intuitive Surgical
ISRG
$170B
$297M 0.2% 568,193 -38,366 -6% -$20M
PLD icon
95
Prologis
PLD
$106B
$296M 0.2% 2,802,310 +397,356 +17% +$42M
HON icon
96
Honeywell
HON
$139B
$295M 0.2% 1,305,112 +8,172 +0.6% +$1.85M
UNP icon
97
Union Pacific
UNP
$133B
$293M 0.2% 1,285,933 -49,714 -4% -$11.3M
SYK icon
98
Stryker
SYK
$150B
$290M 0.19% 805,102 +143,237 +22% +$51.6M
NOC icon
99
Northrop Grumman
NOC
$84.5B
$288M 0.19% 614,254 +3,919 +0.6% +$1.84M
AJG icon
100
Arthur J. Gallagher & Co
AJG
$77.6B
$287M 0.19% 1,011,224 +16,173 +2% +$4.59M