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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Arista Networks
ANET
|
$158M |
| 5 |
Lam Research
LRCX
|
$138M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
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 | |
|---|---|---|---|---|---|---|
76
TJX Companies
TJX
$152B
| $339M | 0.23% |
2,807,955
+158,854
| +6% | +$19.2M |
|
77
S&P Global
SPGI
$167B
| $335M | 0.22% |
672,450
-31,544
| -4% | -$15.7M |
|
78
Analog Devices
ADI
$124B
| $334M | 0.22% |
1,574,253
-36,155
| -2% | -$7.68M |
|
79
Intercontinental Exchange
ICE
$101B
| $334M | 0.22% |
2,239,701
-17,606
| -0.8% | -$2.62M |
|
80
Equinix
EQIX
$76.9B
| $331M | 0.22% |
350,704
+2,166
| +0.6% | +$2.04M |
|
81
Boston Scientific
BSX
$156B
| $323M | 0.22% |
3,619,112
+208,741
| +6% | +$18.6M |
|
82
Waste Management
WM
$91.2B
| $323M | 0.22% |
1,600,534
-243,351
| -13% | -$49.1M |
|
83
Danaher
DHR
$147B
| $321M | 0.21% |
1,398,290
-48,324
| -3% | -$11.1M |
|
84
O'Reilly Automotive
ORLY
$88B
| $311M | 0.21% |
262,035
-63,375
| -19% | -$75.2M |
|
85
GE Aerospace
GE
$292B
| $311M | 0.21% |
1,862,728
-147,410
| -7% | -$24.6M |
|
86
Caterpillar
CAT
$196B
| $310M | 0.21% |
854,517
-73,414
| -8% | -$26.6M |
|
87
Aon
AON
$79.1B
| $307M | 0.21% |
854,806
+11,475
| +1% | +$4.12M |
|
88
Goldman Sachs
GS
$226B
| $306M | 0.2% |
534,972
-51,234
| -9% | -$29.3M |
|
89
Mondelez International
MDLZ
$79.5B
| $302M | 0.2% |
5,062,918
-68,217
| -1% | -$4.07M |
|
90
Deere & Co
DE
$129B
| $301M | 0.2% |
710,090
-27,865
| -4% | -$11.8M |
|
91
American Tower
AMT
$95.5B
| $299M | 0.2% |
1,631,644
+65,641
| +4% | +$12M |
|
92
Morgan Stanley
MS
$240B
| $298M | 0.2% |
2,372,562
-122,648
| -5% | -$15.4M |
|
93
Becton Dickinson
BDX
$55.3B
| $297M | 0.2% |
1,308,708
-18,507
| -1% | -$4.2M |
|
94
Intuitive Surgical
ISRG
$170B
| $297M | 0.2% |
568,193
-38,366
| -6% | -$20M |
|
95
Prologis
PLD
$106B
| $296M | 0.2% |
2,802,310
+397,356
| +17% | +$42M |
|
96
Honeywell
HON
$139B
| $295M | 0.2% |
1,305,112
+8,172
| +0.6% | +$1.85M |
|
97
Union Pacific
UNP
$133B
| $293M | 0.2% |
1,285,933
-49,714
| -4% | -$11.3M |
|
98
Stryker
SYK
$150B
| $290M | 0.19% |
805,102
+143,237
| +22% | +$51.6M |
|
99
Northrop Grumman
NOC
$84.5B
| $288M | 0.19% |
614,254
+3,919
| +0.6% | +$1.84M |
|
100
Arthur J. Gallagher & Co
AJG
$77.6B
| $287M | 0.19% |
1,011,224
+16,173
| +2% | +$4.59M |
|