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
+11.08%
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
+$3.53B
Cap. Flow %
2.37%
Top 10 Hldgs %
21.74%
Holding
1,249
New
10
Increased
169
Reduced
999
Closed
12

Sector Composition

1 Technology 23.93%
2 Healthcare 13.69%
3 Financials 11.26%
4 Consumer Discretionary 10.21%
5 Communication Services 9.02%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
MDT icon
101
Medtronic
MDT
$119B
$341M 0.23% 3,299,664 -1,858,609 -36% -$192M
AEP icon
102
American Electric Power
AEP
$59.4B
$337M 0.23% 3,782,336 -65,991 -2% -$5.87M
FIS icon
103
Fidelity National Information Services
FIS
$36.5B
$335M 0.22% 3,073,397 -1,114,108 -27% -$122M
PAYX icon
104
Paychex
PAYX
$50.2B
$334M 0.22% 2,450,195 -62,002 -2% -$8.46M
HON icon
105
Honeywell
HON
$139B
$330M 0.22% 1,584,275 -89,021 -5% -$18.6M
KMB icon
106
Kimberly-Clark
KMB
$42.8B
$327M 0.22% 2,289,140 -13,488 -0.6% -$1.93M
BAX icon
107
Baxter International
BAX
$12.7B
$324M 0.22% 3,776,233 -116,007 -3% -$9.96M
GIS icon
108
General Mills
GIS
$26.4B
$309M 0.21% 4,591,520 -80,115 -2% -$5.4M
AMAT icon
109
Applied Materials
AMAT
$128B
$309M 0.21% 1,965,701 -102,741 -5% -$16.2M
CVS icon
110
CVS Health
CVS
$92.8B
$300M 0.2% 2,912,187 -133,234 -4% -$13.7M
KEYS icon
111
Keysight
KEYS
$28.1B
$288M 0.19% 1,395,130 -43,038 -3% -$8.89M
EA icon
112
Electronic Arts
EA
$43B
$283M 0.19% 2,149,217 -78,035 -4% -$10.3M
MS icon
113
Morgan Stanley
MS
$240B
$283M 0.19% 2,883,342 -195,140 -6% -$19.2M
BLK icon
114
Blackrock
BLK
$175B
$283M 0.19% 308,921 -10,695 -3% -$9.79M
FAST icon
115
Fastenal
FAST
$57B
$278M 0.19% 4,335,438 +33,062 +0.8% +$2.12M
GS icon
116
Goldman Sachs
GS
$226B
$277M 0.19% 722,863 -40,246 -5% -$15.4M
RTX icon
117
RTX Corp
RTX
$212B
$276M 0.18% 3,209,993 -170,895 -5% -$14.7M
XEL icon
118
Xcel Energy
XEL
$42.8B
$276M 0.18% 4,072,140 -83,531 -2% -$5.66M
ISRG icon
119
Intuitive Surgical
ISRG
$170B
$274M 0.18% 761,221 +497,520 +189% +$179M
SCHW icon
120
Charles Schwab
SCHW
$174B
$272M 0.18% 3,228,536 -165,269 -5% -$13.9M
ODFL icon
121
Old Dominion Freight Line
ODFL
$31.7B
$271M 0.18% 754,868 +8,708 +1% +$3.12M
PLD icon
122
Prologis
PLD
$106B
$268M 0.18% 1,589,695 -426,238 -21% -$71.8M
WST icon
123
West Pharmaceutical
WST
$17.8B
$263M 0.18% 561,366 -10,868 -2% -$5.1M
C icon
124
Citigroup
C
$178B
$262M 0.18% 4,336,617 -303,442 -7% -$18.3M
AWK icon
125
American Water Works
AWK
$28B
$260M 0.17% 1,374,865 -32,342 -2% -$6.11M