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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Cognizant
CTSH
$35.1B
| $198M | 0.18% |
3,252,012
-204,499
| -6% | -$12.5M |
|
127
GE Aerospace
GE
$296B
| $198M | 0.18% |
2,596,672
-1,338,575
| -34% | -$102M |
|
128
Fastenal
FAST
$55.1B
| $196M | 0.17% |
7,272,222
-393,932
| -5% | -$10.6M |
|
129
Stryker
SYK
$150B
| $195M | 0.17% |
683,021
-104,262
| -13% | -$29.8M |
|
130
Public Service Enterprise Group
PEG
$40.5B
| $193M | 0.17% |
3,096,267
-183,696
| -6% | -$11.5M |
|
131
Blackrock
BLK
$170B
| $193M | 0.17% |
288,573
-44,090
| -13% | -$29.5M |
|
132
WEC Energy
WEC
$34.7B
| $192M | 0.17% |
2,025,418
-125,550
| -6% | -$11.9M |
|
133
American Express
AXP
$227B
| $190M | 0.17% |
1,153,266
-204,477
| -15% | -$33.7M |
|
134
L3Harris
LHX
$51B
| $189M | 0.17% |
961,355
-60,569
| -6% | -$11.9M |
|
135
3M
MMM
$82.7B
| $188M | 0.17% |
2,133,996
-224,548
| -10% | -$19.7M |
|
136
Keysight
KEYS
$28.9B
| $186M | 0.17% |
1,154,801
-60,216
| -5% | -$9.72M |
|
137
Humana
HUM
$37B
| $184M | 0.16% |
378,769
+22,275
| +6% | +$10.8M |
|
138
ServiceNow
NOW
$190B
| $181M | 0.16% |
390,206
-59,479
| -13% | -$27.6M |
|
139
Allstate
ALL
$53.1B
| $181M | 0.16% |
1,634,281
-90,136
| -5% | -$9.99M |
|
140
Keurig Dr Pepper
KDP
$38.9B
| $180M | 0.16% |
5,097,710
-796,004
| -14% | -$28.1M |
|
141
TJX Companies
TJX
$155B
| $178M | 0.16% |
2,274,342
-331,824
| -13% | -$26M |
|
142
Republic Services
RSG
$71.7B
| $177M | 0.16% |
1,310,085
-104,355
| -7% | -$14.1M |
|
143
Cigna
CI
$81.5B
| $172M | 0.15% |
674,457
-74,733
| -10% | -$19.1M |
|
144
Intuitive Surgical
ISRG
$167B
| $172M | 0.15% |
673,688
-106,165
| -14% | -$27.1M |
|
145
Eversource Energy
ES
$23.6B
| $172M | 0.15% |
2,193,731
-104,313
| -5% | -$8.16M |
|
146
American Water Works
AWK
$28B
| $171M | 0.15% |
1,169,599
-59,765
| -5% | -$8.75M |
|
147
PayPal
PYPL
$65.2B
| $162M | 0.14% |
2,135,795
-382,499
| -15% | -$29M |
|
148
Kraft Heinz
KHC
$32.3B
| $162M | 0.14% |
4,182,892
+458,028
| +12% | +$17.7M |
|
149
Target
TGT
$42.3B
| $161M | 0.14% |
972,328
-459,161
| -32% | -$76.1M |
|
150
Chubb
CB
$111B
| $160M | 0.14% |
821,921
-114,656
| -12% | -$22.3M |
|