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
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
Intuitive Surgical
ISRG
|
$179M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
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 | |
|---|---|---|---|---|---|---|
|
101
Medtronic
MDT
$120B
| $341M | 0.23% |
3,299,664
-1,858,609
| -36% | -$192M |
|
102
American Electric Power
AEP
$59.3B
| $337M | 0.23% |
3,782,336
-65,991
| -2% | -$5.87M |
|
103
Fidelity National Information Services
FIS
$35.8B
| $335M | 0.22% |
3,073,397
-1,114,108
| -27% | -$122M |
|
104
Paychex
PAYX
$49.5B
| $334M | 0.22% |
2,450,195
-62,002
| -2% | -$8.46M |
|
105
Honeywell
HON
$137B
| $330M | 0.22% |
1,584,275
-89,021
| -5% | -$18.6M |
|
106
Kimberly-Clark
KMB
$42.6B
| $327M | 0.22% |
2,289,140
-13,488
| -0.6% | -$1.93M |
|
107
Baxter International
BAX
$12.3B
| $324M | 0.22% |
3,776,233
-116,007
| -3% | -$9.96M |
|
108
General Mills
GIS
$26.4B
| $309M | 0.21% |
4,591,520
-80,115
| -2% | -$5.4M |
|
109
Applied Materials
AMAT
$125B
| $309M | 0.21% |
1,965,701
-102,741
| -5% | -$16.2M |
|
110
CVS Health
CVS
$94B
| $300M | 0.2% |
2,912,187
-133,234
| -4% | -$13.7M |
|
111
Keysight
KEYS
$27.7B
| $288M | 0.19% |
1,395,130
-43,038
| -3% | -$8.89M |
|
112
Electronic Arts
EA
$43.3B
| $283M | 0.19% |
2,149,217
-78,035
| -4% | -$10.3M |
|
113
Morgan Stanley
MS
$236B
| $283M | 0.19% |
2,883,342
-195,140
| -6% | -$19.2M |
|
114
Blackrock
BLK
$172B
| $283M | 0.19% |
308,921
-10,695
| -3% | -$9.79M |
|
115
Fastenal
FAST
$56.8B
| $278M | 0.19% |
4,335,438
+33,062
| +0.8% | +$2.12M |
|
116
Goldman Sachs
GS
$221B
| $277M | 0.19% |
722,863
-40,246
| -5% | -$15.4M |
|
117
RTX Corp
RTX
$212B
| $276M | 0.18% |
3,209,993
-170,895
| -5% | -$14.7M |
|
118
Xcel Energy
XEL
$42.8B
| $276M | 0.18% |
4,072,140
-83,531
| -2% | -$5.66M |
|
|
119
Intuitive Surgical
ISRG
$167B
| $274M | 0.18% |
761,221
+497,520
| +189% | +$179M |
|
120
Charles Schwab
SCHW
$173B
| $272M | 0.18% |
3,228,536
-165,269
| -5% | -$13.9M |
|
121
Old Dominion Freight Line
ODFL
$31.5B
| $271M | 0.18% |
754,868
+8,708
| +1% | +$3.12M |
|
122
Prologis
PLD
$103B
| $268M | 0.18% |
1,589,695
-426,238
| -21% | -$71.8M |
|
123
West Pharmaceutical
WST
$17.5B
| $263M | 0.18% |
561,366
-10,868
| -2% | -$5.1M |
|
124
Citigroup
C
$173B
| $262M | 0.18% |
4,336,617
-303,442
| -7% | -$18.3M |
|
125
American Water Works
AWK
$27.9B
| $260M | 0.17% |
1,374,865
-32,342
| -2% | -$6.11M |
|