California Public Employees Retirement System

California Public Employees Retirement System Portfolio holdings

AUM $157B
 

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.

This Quarter Return
+4.92%
1 Year Return
+23.37%
3 Year Return
+94.09%
5 Year Return
+169.49%
10 Year Return
+413.48%
AUM
$136B
AUM Growth
+$136B
Cap. Flow
-$1.32B
Cap. Flow %
-0.97%
Top 10 Hldgs %
30.01%
Holding
1,172
New
3
Increased
461
Reduced
698
Closed
5

Sector Composition

1 Technology 33.69%
2 Healthcare 12.79%
3 Financials 12.09%
4 Consumer Discretionary 9.4%
5 Communication Services 7.97%
Name Market Value Portfolio Weight Shares or Principal Shares
Change %
Capital Flow
SNPS icon
101
Synopsys
SNPS
$112B
$280M 0.21% 470,664 -30,600 -6% -$18.2M
AJG icon
102
Arthur J. Gallagher & Co
AJG
$77.6B
$272M 0.2% 1,048,816 -213,594 -17% -$55.4M
GD icon
103
General Dynamics
GD
$87.3B
$267M 0.2% 921,744 -17,290 -2% -$5.02M
ISRG icon
104
Intuitive Surgical
ISRG
$170B
$267M 0.2% 600,694 -12,362 -2% -$5.5M
BSX icon
105
Boston Scientific
BSX
$156B
$266M 0.2% 3,460,245 -268,103 -7% -$20.6M
BKNG icon
106
Booking.com
BKNG
$181B
$264M 0.19% 66,641 -713 -1% -$2.82M
AON icon
107
Aon
AON
$79.1B
$261M 0.19% 888,351 -168,932 -16% -$49.6M
SBUX icon
108
Starbucks
SBUX
$100B
$257M 0.19% 3,301,959 +730,483 +28% +$56.9M
LRCX icon
109
Lam Research
LRCX
$127B
$256M 0.19% 240,046 -27,014 -10% -$28.8M
UBER icon
110
Uber
UBER
$196B
$254M 0.19% 3,498,313 +26,723 +0.8% +$1.94M
AZO icon
111
AutoZone
AZO
$70.2B
$252M 0.18% 85,034 -17,635 -17% -$52.3M
COP icon
112
ConocoPhillips
COP
$124B
$243M 0.18% 2,120,446 -721,557 -25% -$82.5M
ZTS icon
113
Zoetis
ZTS
$69.3B
$241M 0.18% 1,392,777 -181,937 -12% -$31.5M
MS icon
114
Morgan Stanley
MS
$240B
$240M 0.18% 2,468,311 -1,123,685 -31% -$109M
ADSK icon
115
Autodesk
ADSK
$67.3B
$237M 0.17% 959,300 +460,820 +92% +$114M
TEL icon
116
TE Connectivity
TEL
$61B
$230M 0.17% 1,531,948 -269,068 -15% -$40.5M
C icon
117
Citigroup
C
$178B
$230M 0.17% 3,627,087 +42,924 +1% +$2.72M
PSA icon
118
Public Storage
PSA
$51.7B
$227M 0.17% 790,022 -130,635 -14% -$37.6M
KMB icon
119
Kimberly-Clark
KMB
$42.8B
$227M 0.17% 1,640,042 -324,434 -17% -$44.8M
ETN icon
120
Eaton
ETN
$136B
$225M 0.17% 717,412 +3,987 +0.6% +$1.25M
AEP icon
121
American Electric Power
AEP
$59.4B
$223M 0.16% 2,544,411 -488,419 -16% -$42.9M
SYK icon
122
Stryker
SYK
$150B
$219M 0.16% 643,114 -5,318 -0.8% -$1.81M
SRE icon
123
Sempra
SRE
$53.9B
$215M 0.16% 2,830,712 -365,050 -11% -$27.8M
TRV icon
124
Travelers Companies
TRV
$61.1B
$213M 0.16% 1,048,865 -98,427 -9% -$20M
PLD icon
125
Prologis
PLD
$106B
$213M 0.16% 1,895,250 +74,688 +4% +$8.39M