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 |
Walmart
WMT
|
$250M |
| 2 |
Amphenol
APH
|
$147M |
| 3 |
Target
TGT
|
$142M |
| 4 |
Abbott
ABT
|
$113M |
| 5 |
Verizon
VZ
|
$87.4M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Intuit
INTU
$186B
| $232M | 0.18% |
605,939
-20,413
| -3% | -$7.82M |
|
127
Eversource Energy
ES
$23.8B
| $229M | 0.17% |
2,644,037
-60,521
| -2% | -$5.24M |
|
128
WEC Energy
WEC
$34.3B
| $229M | 0.17% |
2,442,573
-104,092
| -4% | -$9.74M |
|
129
Micron Technology
MU
$133B
| $226M | 0.17% |
2,564,596
-98,728
| -4% | -$8.71M |
|
130
ServiceNow
NOW
$190B
| $225M | 0.17% |
450,672
-13,773
| -3% | -$6.89M |
|
131
Sempra
SRE
$53.9B
| $225M | 0.17% |
1,695,479
-37,952
| -2% | -$5.03M |
|
132
Booking.com
BKNG
$181B
| $219M | 0.17% |
93,962
-3,919
| -4% | -$9.13M |
|
133
Advanced Micro Devices
AMD
$264B
| $217M | 0.16% |
2,761,238
-88,282
| -3% | -$6.93M |
|
134
Kroger
KR
$44.9B
| $216M | 0.16% |
6,014,665
-356,903
| -6% | -$12.8M |
|
135
Prologis
PLD
$106B
| $215M | 0.16% |
2,025,969
-70,626
| -3% | -$7.49M |
|
136
Elevance Health
ELV
$71.8B
| $215M | 0.16% |
598,244
-387
| -0.1% | -$139K |
|
137
Ball Corp
BALL
$14.3B
| $212M | 0.16% |
2,506,971
-114,117
| -4% | -$9.67M |
|
138
American Express
AXP
$231B
| $211M | 0.16% |
1,493,044
-63,302
| -4% | -$8.95M |
|
139
American Water Works
AWK
$28B
| $210M | 0.16% |
1,402,515
-23,487
| -2% | -$3.52M |
|
140
Keysight
KEYS
$28.1B
| $207M | 0.16% |
1,442,244
-73,602
| -5% | -$10.6M |
|
141
Charles Schwab
SCHW
$174B
| $205M | 0.16% |
3,143,755
-141,497
| -4% | -$9.22M |
|
142
Equity Residential
EQR
$25.3B
| $205M | 0.16% |
2,856,169
-154,291
| -5% | -$11.1M |
|
143
Charter Communications
CHTR
$36.3B
| $201M | 0.15% |
325,040
-21,592
| -6% | -$13.3M |
|
144
Cigna
CI
$80.3B
| $199M | 0.15% |
824,596
-65,794
| -7% | -$15.9M |
|
145
DTE Energy
DTE
$28.4B
| $199M | 0.15% |
1,495,791
-60,208
| -4% | -$8.02M |
|
146
NetEase
NTES
$86.2B
| $198M | 0.15% |
1,920,044
+747,211
| +64% | +$77.2M |
|
147
Mondelez International
MDLZ
$79.5B
| $198M | 0.15% |
3,381,135
-141,374
| -4% | -$8.27M |
|
148
Lam Research
LRCX
$127B
| $197M | 0.15% |
331,446
-16,734
| -5% | -$9.96M |
|
149
S&P Global
SPGI
$167B
| $195M | 0.15% |
552,818
-22,321
| -4% | -$7.88M |
|
150
Consolidated Edison
ED
$35.4B
| $195M | 0.15% |
2,604,284
-98,887
| -4% | -$7.4M |
|