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
|
$6.83B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$200M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Amphenol
APH
|
$163M |
| 5 |
Chipotle Mexican Grill
CMG
|
$151M |
Top Sells
| 1 |
Financial Select Sector SPDR Fund
XLF
|
$505M |
| 2 |
Costco
COST
|
$422M |
| 3 |
Home Depot
HD
|
$348M |
| 4 |
Bank of America
BAC
|
$259M |
| 5 |
PepsiCo
PEP
|
$247M |
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 | |
|---|---|---|---|---|---|---|
101
Synopsys
SNPS
$112B
| $280M | 0.21% |
470,664
-30,600
| -6% | -$18.2M |
|
102
Arthur J. Gallagher & Co
AJG
$77.6B
| $272M | 0.2% |
1,048,816
-213,594
| -17% | -$55.4M |
|
103
General Dynamics
GD
$87.3B
| $267M | 0.2% |
921,744
-17,290
| -2% | -$5.02M |
|
104
Intuitive Surgical
ISRG
$170B
| $267M | 0.2% |
600,694
-12,362
| -2% | -$5.5M |
|
105
Boston Scientific
BSX
$156B
| $266M | 0.2% |
3,460,245
-268,103
| -7% | -$20.6M |
|
106
Booking.com
BKNG
$181B
| $264M | 0.19% |
66,641
-713
| -1% | -$2.82M |
|
107
Aon
AON
$79.1B
| $261M | 0.19% |
888,351
-168,932
| -16% | -$49.6M |
|
108
Starbucks
SBUX
$100B
| $257M | 0.19% |
3,301,959
+730,483
| +28% | +$56.9M |
|
109
Lam Research
LRCX
$127B
| $256M | 0.19% |
240,046
-27,014
| -10% | -$28.8M |
|
110
Uber
UBER
$196B
| $254M | 0.19% |
3,498,313
+26,723
| +0.8% | +$1.94M |
|
111
AutoZone
AZO
$70.2B
| $252M | 0.18% |
85,034
-17,635
| -17% | -$52.3M |
|
112
ConocoPhillips
COP
$124B
| $243M | 0.18% |
2,120,446
-721,557
| -25% | -$82.5M |
|
113
Zoetis
ZTS
$69.3B
| $241M | 0.18% |
1,392,777
-181,937
| -12% | -$31.5M |
|
114
Morgan Stanley
MS
$240B
| $240M | 0.18% |
2,468,311
-1,123,685
| -31% | -$109M |
|
115
Autodesk
ADSK
$67.3B
| $237M | 0.17% |
959,300
+460,820
| +92% | +$114M |
|
116
TE Connectivity
TEL
$61B
| $230M | 0.17% |
1,531,948
-269,068
| -15% | -$40.5M |
|
117
Citigroup
C
$178B
| $230M | 0.17% |
3,627,087
+42,924
| +1% | +$2.72M |
|
118
Public Storage
PSA
$51.7B
| $227M | 0.17% |
790,022
-130,635
| -14% | -$37.6M |
|
119
Kimberly-Clark
KMB
$42.8B
| $227M | 0.17% |
1,640,042
-324,434
| -17% | -$44.8M |
|
120
Eaton
ETN
$136B
| $225M | 0.17% |
717,412
+3,987
| +0.6% | +$1.25M |
|
121
American Electric Power
AEP
$59.4B
| $223M | 0.16% |
2,544,411
-488,419
| -16% | -$42.9M |
|
122
Stryker
SYK
$150B
| $219M | 0.16% |
643,114
-5,318
| -0.8% | -$1.81M |
|
123
Sempra
SRE
$53.9B
| $215M | 0.16% |
2,830,712
-365,050
| -11% | -$27.8M |
|
124
Travelers Companies
TRV
$61.1B
| $213M | 0.16% |
1,048,865
-98,427
| -9% | -$20M |
|
125
Prologis
PLD
$106B
| $213M | 0.16% |
1,895,250
+74,688
| +4% | +$8.39M |
|