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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Boston Scientific
BSX
$156B
| $286M | 0.2% | 3,410,371 -49,874 | -1% | -$4.18M |
|
102
Booking.com
BKNG
$181B
| $281M | 0.2% | 66,728 +87 | +0.1% | +$366K |
|
103
Roper Technologies
ROP
$56.6B
| $281M | 0.2% | 504,426 -18,266 | -3% | -$10.2M |
|
104
Arthur J. Gallagher & Co
AJG
$77.6B
| $280M | 0.2% | 995,051 -53,765 | -5% | -$15.1M |
|
105
General Dynamics
GD
$87.3B
| $278M | 0.19% | 918,968 -2,776 | -0.3% | -$839K |
|
106
Public Storage
PSA
$51.7B
| $275M | 0.19% | 754,493 -35,529 | -4% | -$12.9M |
|
107
Honeywell
HON
$139B
| $268M | 0.19% | 1,296,940 -275,862 | -18% | -$57M |
|
108
Zoetis
ZTS
$69.3B
| $268M | 0.19% | 1,369,883 -22,894 | -2% | -$4.47M |
|
109
Uber
UBER
$196B
| $267M | 0.19% | 3,550,345 +52,032 | +1% | +$3.91M |
|
110
Microchip Technology
MCHP
$35.1B
| $264M | 0.18% | 3,286,491 +2,294,762 | +231% | +$184M |
|
111
Cadence Design Systems
CDNS
$95.5B
| $260M | 0.18% | 960,878 +6,814 | +0.7% | +$1.85M |
|
112
Morgan Stanley
MS
$240B
| $260M | 0.18% | 2,495,210 +26,899 | +1% | +$2.8M |
|
113
Autodesk
ADSK
$67.3B
| $255M | 0.18% | 926,216 -33,084 | -3% | -$9.11M |
|
114
United Parcel Service
UPS
$74.1B
| $255M | 0.18% | 1,867,569 -660,518 | -26% | -$90.1M |
|
115
General Mills
GIS
$26.4B
| $252M | 0.18% | 3,407,616 +655,874 | +24% | +$48.4M |
|
116
American Electric Power
AEP
$59.4B
| $250M | 0.17% | 2,437,210 -107,201 | -4% | -$11M |
|
117
AutoZone
AZO
$70.2B
| $249M | 0.17% | 79,021 -6,013 | -7% | -$18.9M |
|
118
Eaton
ETN
$136B
| $244M | 0.17% | 736,305 +18,893 | +3% | +$6.26M |
|
119
Blackrock
BLK
$175B
| $241M | 0.17% | 254,222 -2,486 | -1% | -$2.36M |
|
120
Stryker
SYK
$150B
| $239M | 0.17% | 661,865 +18,751 | +3% | +$6.77M |
|
121
Travelers Companies
TRV
$61.1B
| $239M | 0.17% | 1,020,398 -28,467 | -3% | -$6.66M |
|
|
122
KLA
KLAC
$115B
| $236M | 0.17% | 305,147 -245,659 | -45% | -$190M |
|
123
Crown Castle
CCI
$43.2B
| $236M | 0.16% | 1,985,666 -109,043 | -5% | -$12.9M |
|
124
Allstate
ALL
$53.6B
| $232M | 0.16% | 1,221,138 -70,188 | -5% | -$13.3M |
|
125
Medtronic
MDT
$119B
| $230M | 0.16% | 2,559,127 -1,155,222 | -31% | -$104M |
|