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
|
$894M |
| 2 |
UnitedHealth
UNH
|
$430M |
| 3 |
Intel
INTC
|
$409M |
| 4 |
Amazon
AMZN
|
$352M |
| 5 |
Broadcom
AVGO
|
$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$415M |
| 2 |
Microsoft
MSFT
|
$275M |
| 3 |
VMW
VMware, Inc
VMW
|
$221M |
| 4 |
JPMorgan Chase
JPM
|
$146M |
| 5 |
Verizon
VZ
|
$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Uber
UBER
$196B
| $273M | 0.21% | 4,433,112 +828,066 | +23% | +$51M |
|
102
ServiceNow
NOW
$190B
| $264M | 0.2% | 373,359 -6,941 | -2% | -$4.9M |
|
103
Boeing
BA
$177B
| $262M | 0.2% | 1,006,469 -30,575 | -3% | -$7.97M |
|
104
GE Aerospace
GE
$292B
| $262M | 0.2% | 2,053,271 -44,984 | -2% | -$5.74M |
|
105
Starbucks
SBUX
$100B
| $261M | 0.2% | 2,722,714 -7,453 | -0.3% | -$716K |
|
106
Synopsys
SNPS
$112B
| $261M | 0.2% | 506,140 +50,193 | +11% | +$25.8M |
|
107
TE Connectivity
TEL
$61B
| $259M | 0.2% | 1,844,897 +14,059 | +0.8% | +$1.98M |
|
108
S&P Global
SPGI
$167B
| $257M | 0.19% | 582,300 -18,989 | -3% | -$8.37M |
|
109
Cadence Design Systems
CDNS
$95.5B
| $256M | 0.19% | 938,292 +51,232 | +6% | +$14M |
|
110
American Electric Power
AEP
$59.4B
| $254M | 0.19% | 3,123,938 -54,751 | -2% | -$4.45M |
|
111
Booking.com
BKNG
$181B
| $250M | 0.19% | 70,598 -5,083 | -7% | -$18M |
|
112
Kimberly-Clark
KMB
$42.8B
| $250M | 0.19% | 2,058,349 -37,791 | -2% | -$4.59M |
|
113
Prologis
PLD
$106B
| $248M | 0.19% | 1,863,931 -54,244 | -3% | -$7.23M |
|
114
General Dynamics
GD
$87.3B
| $245M | 0.19% | 943,412 +136,495 | +17% | +$35.4M |
|
115
Lowe's Companies
LOW
$145B
| $244M | 0.19% | 1,096,543 -50,389 | -4% | -$11.2M |
|
116
Citigroup
C
$178B
| $244M | 0.18% | 4,734,304 -875,720 | -16% | -$45M |
|
117
Nike
NKE
$114B
| $237M | 0.18% | 2,185,377 -83,295 | -4% | -$9.04M |
|
118
Cognizant
CTSH
$35.3B
| $237M | 0.18% | 3,131,978 -38,804 | -1% | -$2.93M |
|
119
Dominion Energy
D
$51.1B
| $236M | 0.18% | 5,014,563 -91,612 | -2% | -$4.31M |
|
120
Paychex
PAYX
$50.2B
| $233M | 0.18% | 1,953,325 -27,664 | -1% | -$3.3M |
|
121
Medtronic
MDT
$119B
| $231M | 0.18% | 2,808,429 -43,870 | -2% | -$3.61M |
|
122
General Mills
GIS
$26.4B
| $231M | 0.18% | 3,551,699 -55,712 | -2% | -$3.63M |
|
123
Electronic Arts
EA
$43B
| $228M | 0.17% | 1,665,041 -7,679 | -0.5% | -$1.05M |
|
124
Fastenal
FAST
$57B
| $227M | 0.17% | 3,509,384 -54,829 | -2% | -$3.55M |
|
125
CVS Health
CVS
$92.8B
| $224M | 0.17% | 2,839,289 +10,559 | +0.4% | +$834K |
|