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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
AvalonBay Communities
AVB
$27.9B
| $247M | 0.25% | 1,148,130 +77,065 | +7% | +$16.6M |
|
102
US Bancorp
USB
$76B
| $244M | 0.24% | 4,416,119 +549,402 | +14% | +$30.4M |
|
103
WEC Energy
WEC
$34.3B
| $244M | 0.24% | 2,564,418 +212,488 | +9% | +$20.2M |
|
104
Cognizant
CTSH
$35.3B
| $239M | 0.24% | 3,972,744 +285,994 | +8% | +$17.2M |
|
105
Motorola Solutions
MSI
$78.7B
| $239M | 0.24% | 1,403,903 +144,686 | +11% | +$24.7M |
|
106
Amphenol
APH
$133B
| $234M | 0.23% | 2,424,345 +184,466 | +8% | +$17.8M |
|
107
Linde
LIN
$224B
| $232M | 0.23% | 1,198,497 +230,547 | +24% | +$44.7M |
|
108
Global Payments
GPN
$21.5B
| $230M | 0.23% | 1,443,432 +1,178,539 | +445% | +$187M |
|
109
Paychex
PAYX
$50.2B
| $228M | 0.23% | 2,756,435 +295,602 | +12% | +$24.5M |
|
110
Ventas
VTR
$30.9B
| $225M | 0.22% | 3,079,874 +197,126 | +7% | +$14.4M |
|
111
AutoZone
AZO
$70.2B
| $220M | 0.22% | 202,727 +13,259 | +7% | +$14.4M |
|
112
Humana
HUM
$36.5B
| $217M | 0.22% | 850,334 +67,252 | +9% | +$17.2M |
|
113
Netflix
NFLX
$513B
| $217M | 0.22% | 809,304 +223,132 | +38% | +$59.7M |
|
114
Eversource Energy
ES
$23.8B
| $216M | 0.22% | 2,533,010 +177,124 | +8% | +$15.1M |
|
115
3M
MMM
$82.8B
| $216M | 0.21% | 1,313,035 +282,135 | +27% | +$46.4M |
|
116
Gilead Sciences
GILD
$140B
| $214M | 0.21% | 3,376,524 +561,195 | +20% | +$35.6M |
|
117
Lowe's Companies
LOW
$145B
| $210M | 0.21% | 1,913,710 +314,000 | +20% | +$34.5M |
|
118
Qualcomm
QCOM
$173B
| $210M | 0.21% | 2,757,349 +535,070 | +24% | +$40.8M |
|
119
Booking.com
BKNG
$181B
| $207M | 0.21% | 105,268 +27,571 | +35% | +$54.1M |
|
120
NVIDIA
NVDA
$4.24T
| $201M | 0.2% | 1,152,154 +284,263 | +33% | +$49.5M |
|
121
DTE Energy
DTE
$28.4B
| $195M | 0.19% | 1,470,187 +132,913 | +10% | +$17.7M |
|
122
Ball Corp
BALL
$14.3B
| $195M | 0.19% | 2,679,510 +224,189 | +9% | +$16.3M |
|
123
CVS Health
CVS
$92.8B
| $193M | 0.19% | 3,056,916 +597,395 | +24% | +$37.7M |
|
124
Hershey
HSY
$37.3B
| $192M | 0.19% | 1,237,700 +152,380 | +14% | +$23.6M |
|
125
American Express
AXP
$231B
| $192M | 0.19% | 1,620,043 +303,814 | +23% | +$35.9M |
|