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 |
NVIDIA
NVDA
|
$851M |
| 2 |
Netflix
NFLX
|
$376M |
| 3 |
Charter Communications
CHTR
|
$360M |
| 4 |
Costco
COST
|
$202M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$185M |
Top Sells
| 1 |
GE Aerospace
GE
|
$1.77B |
| 2 |
Coca-Cola
KO
|
$211M |
| 3 |
ALXN
Alexion Pharmaceuticals Inc
ALXN
|
$174M |
| 4 |
Labcorp
LH
|
$151M |
| 5 |
Stryker
SYK
|
$128M |
Sector Composition
| 1 | Technology | 23.75% |
| 2 | Healthcare | 14.44% |
| 3 | Financials | 12.48% |
| 4 | Consumer Discretionary | 10.45% |
| 5 | Communication Services | 10.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Motorola Solutions
MSI
$78.7B
| $303M | 0.23% | 1,304,093 +9,711 | +0.8% | +$2.26M |
|
102
Morgan Stanley
MS
$240B
| $300M | 0.22% | 3,078,482 -57,149 | -2% | -$5.56M |
|
103
Cognizant
CTSH
$35.3B
| $300M | 0.22% | 4,036,431 +53,885 | +1% | +$4M |
|
104
Allstate
ALL
$53.6B
| $299M | 0.22% | 2,347,498 -6,564 | -0.3% | -$836K |
|
105
AutoZone
AZO
$70.2B
| $294M | 0.22% | 172,930 -3,405 | -2% | -$5.78M |
|
106
RTX Corp
RTX
$212B
| $291M | 0.22% | 3,380,888 -18,458 | -0.5% | -$1.59M |
|
107
Moderna
MRNA
$9.37B
| $290M | 0.22% | 752,806 -168 | -0% | -$64.7K |
|
108
Goldman Sachs
GS
$226B
| $288M | 0.22% | 763,109 -10,494 | -1% | -$3.97M |
|
109
Union Pacific
UNP
$133B
| $288M | 0.21% | 1,467,772 -30,367 | -2% | -$5.95M |
|
110
Paychex
PAYX
$50.2B
| $282M | 0.21% | 2,512,197 +38,014 | +2% | +$4.27M |
|
111
General Mills
GIS
$26.4B
| $279M | 0.21% | 4,671,635 +104,762 | +2% | +$6.27M |
|
112
Advanced Micro Devices
AMD
$264B
| $277M | 0.21% | 2,689,347 +230,014 | +9% | +$23.7M |
|
113
ServiceNow
NOW
$190B
| $273M | 0.2% | 438,653 -4,447 | -1% | -$2.77M |
|
114
Blackrock
BLK
$175B
| $268M | 0.2% | 319,616 -1,811 | -0.6% | -$1.52M |
|
115
Applied Materials
AMAT
$128B
| $266M | 0.2% | 2,068,442 -6,310 | -0.3% | -$812K |
|
116
Intuitive Surgical
ISRG
$170B
| $262M | 0.2% | 263,701 -967 | -0.4% | -$961K |
|
117
Boeing
BA
$177B
| $262M | 0.2% | 1,191,277 +102,973 | +9% | +$22.6M |
|
118
Xcel Energy
XEL
$42.8B
| $260M | 0.19% | 4,155,671 +86,315 | +2% | +$5.39M |
|
119
CVS Health
CVS
$92.8B
| $258M | 0.19% | 3,045,421 -73,289 | -2% | -$6.22M |
|
120
Zoom
ZM
$24.4B
| $254M | 0.19% | 970,438 -34,474 | -3% | -$9.01M |
|
121
Prologis
PLD
$106B
| $253M | 0.19% | 2,015,933 +23,455 | +1% | +$2.94M |
|
|
122
GE Aerospace
GE
$292B
| $252M | 0.19% | 2,443,552 -17,158,299 | -88% | -$1.77B |
|
123
Charles Schwab
SCHW
$174B
| $247M | 0.18% | 3,393,805 -117,352 | -3% | -$8.55M |
|
124
West Pharmaceutical
WST
$17.8B
| $243M | 0.18% | 572,234 +7,725 | +1% | +$3.28M |
|
125
American Express
AXP
$231B
| $243M | 0.18% | 1,449,760 -15,274 | -1% | -$2.56M |
|