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
|
$2.5B |
| 2 |
Meta Platforms (Facebook)
META
|
$334M |
| 3 |
Abbott
ABT
|
$271M |
| 4 |
Stryker
SYK
|
$155M |
| 5 |
McDonald's
MCD
|
$154M |
Top Sells
| 1 |
Apple
AAPL
|
$1.14B |
| 2 |
Costco
COST
|
$440M |
| 3 |
Oracle
ORCL
|
$194M |
| 4 |
Micron Technology
MU
|
$192M |
| 5 |
Gilead Sciences
GILD
|
$157M |
Sector Composition
| 1 | Technology | 28.1% |
| 2 | Financials | 13.31% |
| 3 | Healthcare | 11.32% |
| 4 | Consumer Discretionary | 8.29% |
| 5 | Communication Services | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
101
Intuitive Surgical
ISRG
$170B
| $279M | 0.19% | 562,758 -5,435 | -1% | -$2.69M |
|
102
Palantir
PLTR
$372B
| $277M | 0.19% | 3,284,065 +59,992 | +2% | +$5.06M |
|
103
Honeywell
HON
$139B
| $273M | 0.19% | 1,289,410 -15,702 | -1% | -$3.32M |
|
104
Adobe
ADBE
$151B
| $271M | 0.19% | 707,630 -278,957 | -28% | -$107M |
|
105
Uber
UBER
$196B
| $271M | 0.19% | 3,716,885 +336,889 | +10% | +$24.5M |
|
106
Caterpillar
CAT
$196B
| $270M | 0.19% | 819,631 -34,886 | -4% | -$11.5M |
|
107
Travelers Companies
TRV
$61.1B
| $263M | 0.18% | 996,043 -23,088 | -2% | -$6.11M |
|
108
American Electric Power
AEP
$59.4B
| $260M | 0.18% | 2,378,997 -29,989 | -1% | -$3.28M |
|
109
Autodesk
ADSK
$67.3B
| $258M | 0.18% | 984,456 +57,928 | +6% | +$15.2M |
|
110
Lowe's Companies
LOW
$145B
| $257M | 0.18% | 1,099,800 -42,458 | -4% | -$9.9M |
|
111
Elevance Health
ELV
$71.8B
| $254M | 0.18% | 583,352 -25,593 | -4% | -$11.1M |
|
112
Cigna
CI
$80.3B
| $253M | 0.18% | 770,028 -21,119 | -3% | -$6.95M |
|
113
Allstate
ALL
$53.6B
| $248M | 0.17% | 1,196,004 -17,334 | -1% | -$3.59M |
|
114
Equinix
EQIX
$76.9B
| $247M | 0.17% | 303,542 -47,162 | -13% | -$38.5M |
|
115
Charles Schwab
SCHW
$174B
| $242M | 0.17% | 3,090,828 +254,447 | +9% | +$19.9M |
|
116
General Dynamics
GD
$87.3B
| $240M | 0.17% | 880,088 -32,078 | -4% | -$8.74M |
|
117
Medtronic
MDT
$119B
| $240M | 0.17% | 2,667,073 -31,195 | -1% | -$2.8M |
|
118
Citigroup
C
$178B
| $239M | 0.17% | 3,371,115 +53,529 | +2% | +$3.8M |
|
119
EOG Resources
EOG
$68.2B
| $238M | 0.17% | 1,854,298 +448,841 | +32% | +$57.6M |
|
120
Cognizant
CTSH
$35.3B
| $232M | 0.16% | 3,027,872 +710,620 | +31% | +$54.4M |
|
121
Realty Income
O
$53.7B
| $226M | 0.16% | 3,890,615 +40,617 | +1% | +$2.36M |
|
122
Blackrock
BLK
$175B
| $225M | 0.16% | 237,533 -5,386 | -2% | -$5.1M |
|
123
Republic Services
RSG
$73B
| $223M | 0.16% | 920,071 -18,960 | -2% | -$4.59M |
|
124
Paychex
PAYX
$50.2B
| $222M | 0.16% | 1,441,705 -16,345 | -1% | -$2.52M |
|
125
Applied Materials
AMAT
$128B
| $222M | 0.16% | 1,529,933 -889,649 | -37% | -$129M |
|