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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Lowe's Companies
LOW
$145B
| $250M | 0.22% | 1,248,480 -233,479 | -16% | -$46.7M |
|
102
ConocoPhillips
COP
$124B
| $243M | 0.22% | 2,450,173 -441,346 | -15% | -$43.8M |
|
103
Hershey
HSY
$37.3B
| $239M | 0.21% | 940,146 -54,510 | -5% | -$13.9M |
|
104
Intuit
INTU
$186B
| $237M | 0.21% | 530,627 -89,326 | -14% | -$39.8M |
|
105
Caterpillar
CAT
$196B
| $235M | 0.21% | 1,025,378 -160,088 | -14% | -$36.6M |
|
106
Paychex
PAYX
$50.2B
| $233M | 0.21% | 2,035,351 -148,030 | -7% | -$17M |
|
107
Xcel Energy
XEL
$42.8B
| $232M | 0.21% | 3,445,469 -208,671 | -6% | -$14.1M |
|
108
Medtronic
MDT
$119B
| $231M | 0.21% | 2,869,898 -449,260 | -14% | -$36.2M |
|
109
Sempra
SRE
$53.9B
| $230M | 0.2% | 1,519,457 -102,544 | -6% | -$15.5M |
|
110
Newmont
NEM
$81.7B
| $227M | 0.2% | 4,635,886 -318,662 | -6% | -$15.6M |
|
111
Charter Communications
CHTR
$36.3B
| $226M | 0.2% | 630,992 -46,970 | -7% | -$16.8M |
|
112
Boeing
BA
$177B
| $223M | 0.2% | 1,051,516 +35,405 | +3% | +$7.52M |
|
113
Prologis
PLD
$106B
| $222M | 0.2% | 1,775,746 -307,530 | -15% | -$38.4M |
|
114
CVS Health
CVS
$92.8B
| $221M | 0.2% | 2,968,072 -415,002 | -12% | -$30.8M |
|
115
Analog Devices
ADI
$124B
| $220M | 0.19% | 1,113,258 -132,396 | -11% | -$26.1M |
|
116
Deere & Co
DE
$129B
| $219M | 0.19% | 530,032 -90,025 | -15% | -$37.2M |
|
117
Morgan Stanley
MS
$240B
| $219M | 0.19% | 2,489,227 -361,624 | -13% | -$31.8M |
|
118
Consolidated Edison
ED
$35.4B
| $216M | 0.19% | 2,259,805 -138,655 | -6% | -$13.3M |
|
|
119
McKesson
MCK
$85.4B
| $215M | 0.19% | 604,677 +163,680 | +37% | +$58.3M |
|
120
Goldman Sachs
GS
$226B
| $214M | 0.19% | 655,700 -100,563 | -13% | -$32.9M |
|
121
S&P Global
SPGI
$167B
| $212M | 0.19% | 613,755 -102,710 | -14% | -$35.4M |
|
122
Booking.com
BKNG
$181B
| $209M | 0.19% | 78,943 -12,609 | -14% | -$33.4M |
|
123
Electronic Arts
EA
$43B
| $207M | 0.18% | 1,718,051 -135,539 | -7% | -$16.3M |
|
124
Kroger
KR
$44.9B
| $203M | 0.18% | 4,104,474 -290,364 | -7% | -$14.3M |
|
125
Charles Schwab
SCHW
$174B
| $200M | 0.18% | 3,818,432 +425,200 | +13% | +$22.3M |
|