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
|
$2.23B |
| 2 |
JPHY
JPMorgan Active High Yield ETF
JPHY
|
$2.02B |
| 3 |
Microsoft
MSFT
|
$1.33B |
| 4 |
NVIDIA
NVDA
|
$985M |
| 5 |
Amazon
AMZN
|
$539M |
Top Sells
| 1 |
Broadcom
AVGO
|
$506M |
| 2 |
Texas Instruments
TXN
|
$293M |
| 3 |
McDonald's
MCD
|
$286M |
| 4 |
Home Depot
HD
|
$264M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$247M |
Sector Composition
| 1 | Technology | 31.86% |
| 2 | Financials | 11.82% |
| 3 | Healthcare | 8.87% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Danaher
DHR
$147B
| $270M | 0.17% | 1,367,132 -25,262 | -2% | -$4.99M |
|
102
Blackrock
BLK
$175B
| $270M | 0.17% | 256,937 +19,404 | +8% | +$20.4M |
|
103
Welltower
WELL
$113B
| $269M | 0.17% | 1,749,978 -82,243 | -4% | -$12.6M |
|
104
Charles Schwab
SCHW
$174B
| $269M | 0.17% | 2,946,962 -143,866 | -5% | -$13.1M |
|
105
Analog Devices
ADI
$124B
| $265M | 0.17% | 1,113,512 -433,593 | -28% | -$103M |
|
106
Autodesk
ADSK
$67.3B
| $263M | 0.17% | 848,706 -135,750 | -14% | -$42M |
|
107
Aon
AON
$79.1B
| $262M | 0.17% | 734,499 -95,513 | -12% | -$34.1M |
|
108
Mondelez International
MDLZ
$79.5B
| $260M | 0.17% | 3,855,763 -666,634 | -15% | -$45M |
|
109
Motorola Solutions
MSI
$78.7B
| $259M | 0.16% | 615,423 -110,753 | -15% | -$46.6M |
|
110
Capital One
COF
$145B
| $256M | 0.16% | 1,201,945 +520,542 | +76% | +$111M |
|
111
Fiserv
FI
$75.1B
| $255M | 0.16% | 1,481,654 -805,334 | -35% | -$139M |
|
112
ConocoPhillips
COP
$124B
| $255M | 0.16% | 2,841,692 -119,429 | -4% | -$10.7M |
|
113
Lowe's Companies
LOW
$145B
| $254M | 0.16% | 1,144,585 +44,785 | +4% | +$9.94M |
|
114
Northrop Grumman
NOC
$84.5B
| $254M | 0.16% | 507,236 -97,600 | -16% | -$48.8M |
|
115
Cigna
CI
$80.3B
| $251M | 0.16% | 758,190 -11,838 | -2% | -$3.91M |
|
116
Boeing
BA
$177B
| $245M | 0.16% | 1,168,223 +299,382 | +34% | +$62.7M |
|
117
GE Vernova
GEV
$167B
| $243M | 0.15% | 459,016 +27,987 | +6% | +$14.8M |
|
118
Travelers Companies
TRV
$61.1B
| $234M | 0.15% | 874,012 -122,031 | -12% | -$32.6M |
|
119
AutoZone
AZO
$70.2B
| $233M | 0.15% | 62,723 -11,761 | -16% | -$43.7M |
|
120
Roper Technologies
ROP
$56.6B
| $231M | 0.15% | 406,715 -80,609 | -17% | -$45.7M |
|
121
Fortinet
FTNT
$60.4B
| $226M | 0.14% | 2,142,153 +69,971 | +3% | +$7.4M |
|
122
Arista Networks
ANET
$172B
| $219M | 0.14% | 2,143,649 +56,467 | +3% | +$5.78M |
|
123
Micron Technology
MU
$133B
| $219M | 0.14% | 1,777,026 -77,888 | -4% | -$9.6M |
|
124
Mercado Libre
MELI
$125B
| $217M | 0.14% | 83,157 +2,065 | +3% | +$5.4M |
|
125
General Dynamics
GD
$87.3B
| $216M | 0.14% | 741,800 -138,288 | -16% | -$40.3M |
|