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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Arista Networks
ANET
|
$158M |
| 5 |
Lam Research
LRCX
|
$138M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Cadence Design Systems
CDNS
$95.5B
| $287M | 0.19% | 955,227 -5,651 | -0.6% | -$1.7M |
|
102
Lowe's Companies
LOW
$145B
| $282M | 0.19% | 1,142,258 -203,455 | -15% | -$50.2M |
|
103
Autodesk
ADSK
$67.3B
| $274M | 0.18% | 926,528 +312 | +0% | +$92.2K |
|
104
Target
TGT
$43.6B
| $273M | 0.18% | 2,022,804 +132,086 | +7% | +$17.9M |
|
105
Regeneron Pharmaceuticals
REGN
$61.5B
| $259M | 0.17% | 363,496 -8,142 | -2% | -$5.8M |
|
106
Roper Technologies
ROP
$56.6B
| $258M | 0.17% | 496,087 -8,339 | -2% | -$4.34M |
|
107
Intel
INTC
$107B
| $252M | 0.17% | 12,582,876 -791,607 | -6% | -$15.9M |
|
108
KKR & Co
KKR
$124B
| $249M | 0.17% | 1,684,299 -7,467 | -0.4% | -$1.1M |
|
109
Blackrock
BLK
$175B
| $249M | 0.17% | 242,919 -11,303 | -4% | -$11.6M |
|
110
AutoZone
AZO
$70.2B
| $246M | 0.16% | 76,865 -2,156 | -3% | -$6.9M |
|
111
Travelers Companies
TRV
$61.1B
| $245M | 0.16% | 1,019,131 -1,267 | -0.1% | -$305K |
|
112
Palantir
PLTR
$372B
| $244M | 0.16% | 3,224,073 -91,773 | -3% | -$6.94M |
|
113
General Dynamics
GD
$87.3B
| $240M | 0.16% | 912,166 -6,802 | -0.7% | -$1.79M |
|
114
Sempra
SRE
$53.9B
| $237M | 0.16% | 2,701,203 -3,797 | -0.1% | -$333K |
|
115
Allstate
ALL
$53.6B
| $234M | 0.16% | 1,213,338 -7,800 | -0.6% | -$1.5M |
|
116
Citigroup
C
$178B
| $234M | 0.16% | 3,317,586 -296,810 | -8% | -$20.9M |
|
117
United Parcel Service
UPS
$74.1B
| $231M | 0.15% | 1,833,819 -33,750 | -2% | -$4.26M |
|
118
ConocoPhillips
COP
$124B
| $230M | 0.15% | 2,320,129 +243,100 | +12% | +$24.1M |
|
119
Eaton
ETN
$136B
| $229M | 0.15% | 689,260 -47,045 | -6% | -$15.6M |
|
120
NXP Semiconductors
NXPI
$59.2B
| $228M | 0.15% | 1,094,746 -159,647 | -13% | -$33.2M |
|
121
Elevance Health
ELV
$71.8B
| $225M | 0.15% | 608,945 -184,970 | -23% | -$68.2M |
|
122
Public Storage
PSA
$51.7B
| $224M | 0.15% | 747,797 -6,696 | -0.9% | -$2.01M |
|
123
American Electric Power
AEP
$59.4B
| $222M | 0.15% | 2,408,986 -28,224 | -1% | -$2.6M |
|
124
Zoetis
ZTS
$69.3B
| $221M | 0.15% | 1,354,151 -15,732 | -1% | -$2.56M |
|
125
Cigna
CI
$80.3B
| $218M | 0.15% | 791,147 -36,805 | -4% | -$10.2M |
|