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 |
Alphabet (Google) Class A
GOOGL
|
$1.37B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$1.23B |
| 3 |
Tesla
TSLA
|
$1.09B |
| 4 |
Apple
AAPL
|
$739M |
| 5 |
Microsoft
MSFT
|
$541M |
Top Sells
| 1 |
Waste Connections
WCN
|
$171M |
| 2 |
Walmart
WMT
|
$168M |
| 3 |
NextEra Energy, Inc.
NEE
|
$168M |
| 4 |
Accenture
ACN
|
$125M |
| 5 |
Adobe
ADBE
|
$116M |
Sector Composition
| 1 | Technology | 22.77% |
| 2 | Healthcare | 16.6% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Xcel Energy
XEL
$42.8B
| $246M | 0.23% | 3,848,134 -83,815 | -2% | -$5.36M |
|
102
Intuit
INTU
$186B
| $241M | 0.22% | 621,890 +101,685 | +20% | +$39.4M |
|
103
Newmont
NEM
$81.7B
| $235M | 0.22% | 5,601,771 -218,472 | -4% | -$9.18M |
|
104
Nike
NKE
$114B
| $232M | 0.21% | 2,788,916 +441,057 | +19% | +$36.7M |
|
105
Advanced Micro Devices
AMD
$264B
| $231M | 0.21% | 3,648,324 +554,762 | +18% | +$35.1M |
|
106
S&P Global
SPGI
$167B
| $231M | 0.21% | 756,690 +104,955 | +16% | +$32M |
|
107
Netflix
NFLX
$513B
| $230M | 0.21% | 978,295 -28,669 | -3% | -$6.75M |
|
108
Morgan Stanley
MS
$240B
| $230M | 0.21% | 2,913,934 +391,794 | +16% | +$31M |
|
109
Charter Communications
CHTR
$36.3B
| $229M | 0.21% | 756,414 -44,242 | -6% | -$13.4M |
|
110
Electronic Arts
EA
$43B
| $229M | 0.21% | 1,977,536 -65,613 | -3% | -$7.59M |
|
111
Hershey
HSY
$37.3B
| $228M | 0.21% | 1,036,099 -30,740 | -3% | -$6.78M |
|
112
3M
MMM
$82.8B
| $228M | 0.21% | 2,059,589 +128,235 | +7% | +$14.2M |
|
113
Allstate
ALL
$53.6B
| $226M | 0.21% | 1,814,235 -69,260 | -4% | -$8.62M |
|
114
PayPal
PYPL
$67.1B
| $225M | 0.21% | 2,610,732 +377,811 | +17% | +$32.5M |
|
115
Goldman Sachs
GS
$226B
| $224M | 0.21% | 762,885 +118,534 | +18% | +$34.7M |
|
116
L3Harris
LHX
$51.9B
| $221M | 0.2% | 1,065,515 +13,114 | +1% | +$2.73M |
|
117
Northrop Grumman
NOC
$84.5B
| $221M | 0.2% | 469,121 +73,480 | +19% | +$34.6M |
|
118
Consolidated Edison
ED
$35.4B
| $216M | 0.2% | 2,516,170 -77,695 | -3% | -$6.66M |
|
119
Roper Technologies
ROP
$56.6B
| $212M | 0.2% | 590,558 +106,136 | +22% | +$38.2M |
|
120
Cognizant
CTSH
$35.3B
| $212M | 0.19% | 3,682,886 -119,899 | -3% | -$6.89M |
|
121
Deere & Co
DE
$129B
| $211M | 0.19% | 633,261 +94,311 | +17% | +$31.5M |
|
122
Fidelity National Information Services
FIS
$36.5B
| $211M | 0.19% | 2,795,984 +36,510 | +1% | +$2.76M |
|
123
Republic Services
RSG
$73B
| $208M | 0.19% | 1,528,184 -10,052 | -0.7% | -$1.37M |
|
124
Keysight
KEYS
$28.1B
| $204M | 0.19% | 1,293,601 -51,576 | -4% | -$8.12M |
|
125
Kroger
KR
$44.9B
| $202M | 0.19% | 4,614,428 -231,998 | -5% | -$10.1M |
|