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 |
Alphabet (Google) Class A
GOOGL
|
$1.37B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$1.23B |
| 3 |
Tesla
TSLA
|
$1.09B |
| 4 |
Apple
AAPL
|
$739M |
| 5 |
Microsoft
MSFT
|
$541M |
Top Sells
| 1 |
Waste Connections
WCN
|
$171M |
| 2 |
Walmart
WMT
|
$168M |
| 3 |
NextEra Energy, Inc.
NEE
|
$168M |
| 4 |
Accenture
ACN
|
$125M |
| 5 |
Adobe
ADBE
|
$116M |
Sector Composition
| 1 | Technology | 22.77% |
| 2 | Healthcare | 16.6% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
WEC Energy
WEC
$34.3B
| $201M | 0.19% | 2,251,546 -56,534 | -2% | -$5.06M |
|
127
Caterpillar
CAT
$196B
| $197M | 0.18% | 1,201,884 +174,361 | +17% | +$28.6M |
|
128
Public Service Enterprise Group
PEG
$41.1B
| $197M | 0.18% | 3,500,301 -187,135 | -5% | -$10.5M |
|
129
Cigna
CI
$80.3B
| $196M | 0.18% | 707,357 +86,638 | +14% | +$24M |
|
130
Baxter International
BAX
$12.7B
| $193M | 0.18% | 3,574,825 -55,479 | -2% | -$2.99M |
|
131
Eversource Energy
ES
$23.8B
| $191M | 0.18% | 2,445,396 -86,497 | -3% | -$6.74M |
|
132
Fastenal
FAST
$57B
| $189M | 0.17% | 4,102,930 -28,103 | -0.7% | -$1.29M |
|
133
American Express
AXP
$231B
| $185M | 0.17% | 1,372,184 +201,289 | +17% | +$27.2M |
|
134
Citigroup
C
$178B
| $184M | 0.17% | 4,412,340 +585,906 | +15% | +$24.4M |
|
135
Blackrock
BLK
$175B
| $182M | 0.17% | 331,479 +50,762 | +18% | +$27.9M |
|
136
Analog Devices
ADI
$124B
| $176M | 0.16% | 1,265,755 +268,843 | +27% | +$37.5M |
|
137
Chubb
CB
$110B
| $171M | 0.16% | 940,137 +128,523 | +16% | +$23.4M |
|
138
Prologis
PLD
$106B
| $171M | 0.16% | 1,679,176 +240,152 | +17% | +$24.4M |
|
139
ServiceNow
NOW
$190B
| $170M | 0.16% | 451,475 +62,024 | +16% | +$23.4M |
|
140
American Water Works
AWK
$28B
| $168M | 0.15% | 1,291,821 -25,556 | -2% | -$3.33M |
|
141
Keurig Dr Pepper
KDP
$39.5B
| $166M | 0.15% | 4,621,883 +1,181,318 | +34% | +$42.3M |
|
142
TJX Companies
TJX
$152B
| $164M | 0.15% | 2,643,927 +375,072 | +17% | +$23.3M |
|
143
Applied Materials
AMAT
$128B
| $164M | 0.15% | 2,003,025 +285,549 | +17% | +$23.4M |
|
144
Stryker
SYK
$150B
| $159M | 0.15% | 787,429 +116,598 | +17% | +$23.6M |
|
145
DTE Energy
DTE
$28.4B
| $158M | 0.15% | 1,371,358 -56,593 | -4% | -$6.51M |
|
146
SBA Communications
SBAC
$22B
| $157M | 0.14% | 550,866 -9,518 | -2% | -$2.71M |
|
147
GE Aerospace
GE
$292B
| $154M | 0.14% | 2,485,976 +396,145 | +19% | +$24.5M |
|
148
Old Dominion Freight Line
ODFL
$31.7B
| $153M | 0.14% | 616,807 -113,033 | -15% | -$28.1M |
|
149
Intuitive Surgical
ISRG
$170B
| $151M | 0.14% | 804,898 +118,594 | +17% | +$22.2M |
|
150
Genuine Parts
GPC
$19.4B
| $151M | 0.14% | 1,009,002 -33,918 | -3% | -$5.06M |
|