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 |
Walmart
WMT
|
$830M |
| 2 |
Meta Platforms (Facebook)
META
|
$234M |
| 3 |
NVIDIA
NVDA
|
$197M |
| 4 |
Costco
COST
|
$174M |
| 5 |
Home Depot
HD
|
$157M |
Top Sells
| 1 |
Amazon
AMZN
|
$432M |
| 2 |
Microsoft
MSFT
|
$271M |
| 3 |
Merck
MRK
|
$261M |
| 4 |
Walt Disney
DIS
|
$232M |
| 5 |
Texas Instruments
TXN
|
$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Cadence Design Systems
CDNS
$95.5B
| $293M | 0.21% | 940,606 +2,314 | +0.2% | +$720K |
|
102
KLA
KLAC
$115B
| $287M | 0.2% | 411,102 +149,345 | +57% | +$104M |
|
103
Synopsys
SNPS
$112B
| $286M | 0.2% | 501,264 -4,876 | -1% | -$2.79M |
|
104
S&P Global
SPGI
$167B
| $276M | 0.19% | 649,425 +67,125 | +12% | +$28.6M |
|
105
Lowe's Companies
LOW
$145B
| $273M | 0.19% | 1,070,828 -25,715 | -2% | -$6.55M |
|
106
Uber
UBER
$196B
| $267M | 0.19% | 3,471,590 -961,522 | -22% | -$74M |
|
107
Public Storage
PSA
$51.7B
| $267M | 0.19% | 920,657 -34,952 | -4% | -$10.1M |
|
108
Zoetis
ZTS
$69.3B
| $266M | 0.19% | 1,574,714 -98,694 | -6% | -$16.7M |
|
109
General Dynamics
GD
$87.3B
| $265M | 0.19% | 939,034 -4,378 | -0.5% | -$1.24M |
|
110
Travelers Companies
TRV
$61.1B
| $264M | 0.19% | 1,147,292 +211,234 | +23% | +$48.6M |
|
111
Crown Castle
CCI
$43.2B
| $264M | 0.19% | 2,494,838 -25,553 | -1% | -$2.7M |
|
112
TE Connectivity
TEL
$61B
| $262M | 0.18% | 1,801,016 -43,881 | -2% | -$6.37M |
|
113
American Electric Power
AEP
$59.4B
| $261M | 0.18% | 3,032,830 -91,108 | -3% | -$7.84M |
|
114
Fastenal
FAST
$57B
| $260M | 0.18% | 3,376,099 -133,285 | -4% | -$10.3M |
|
115
Lam Research
LRCX
$127B
| $259M | 0.18% | 267,060 +12,985 | +5% | +$12.6M |
|
116
Airbnb
ABNB
$79.9B
| $256M | 0.18% | 1,552,395 +828,862 | +115% | +$137M |
|
117
Boston Scientific
BSX
$156B
| $255M | 0.18% | 3,728,348 -70,163 | -2% | -$4.81M |
|
118
Kimberly-Clark
KMB
$42.8B
| $254M | 0.18% | 1,964,476 -93,873 | -5% | -$12.1M |
|
119
Intuitive Surgical
ISRG
$170B
| $245M | 0.17% | 613,056 -16,488 | -3% | -$6.58M |
|
120
Booking.com
BKNG
$181B
| $244M | 0.17% | 67,354 -3,244 | -5% | -$11.8M |
|
121
Dominion Energy
D
$51.1B
| $239M | 0.17% | 4,855,022 -159,541 | -3% | -$7.85M |
|
122
Medtronic
MDT
$119B
| $238M | 0.17% | 2,727,566 -80,863 | -3% | -$7.05M |
|
123
Prologis
PLD
$106B
| $237M | 0.17% | 1,820,562 -43,369 | -2% | -$5.65M |
|
124
General Mills
GIS
$26.4B
| $237M | 0.17% | 3,384,884 -166,815 | -5% | -$11.7M |
|
125
American Express
AXP
$231B
| $237M | 0.17% | 1,039,843 -29,249 | -3% | -$6.66M |
|