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 |
NVIDIA
NVDA
|
$584M |
| 2 |
Tesla
TSLA
|
$574M |
| 3 |
Microsoft
MSFT
|
$567M |
| 4 |
Apple
AAPL
|
$290M |
| 5 |
Chevron
CVX
|
$156M |
Top Sells
| 1 |
Eli Lilly
LLY
|
$437M |
| 2 |
Regeneron Pharmaceuticals
REGN
|
$114M |
| 3 |
Verizon
VZ
|
$113M |
| 4 |
Oracle
ORCL
|
$106M |
| 5 |
Mastercard
MA
|
$98.4M |
Sector Composition
| 1 | Technology | 28.31% |
| 2 | Healthcare | 14.61% |
| 3 | Financials | 12.06% |
| 4 | Consumer Discretionary | 10% |
| 5 | Consumer Staples | 7.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Boeing
BA
$174B
| $199M | 0.17% |
1,037,044
+19,847
| +2% | +$3.8M |
|
127
CVS Health
CVS
$93.5B
| $198M | 0.17% |
2,828,730
-8,474
| -0.3% | -$592K |
|
128
Fastenal
FAST
$57.7B
| $195M | 0.17% |
7,128,426
+58,096
| +0.8% | +$1.59M |
|
129
Xcel Energy
XEL
$42.7B
| $195M | 0.17% |
3,401,673
+5,139
| +0.2% | +$294K |
|
130
Boston Scientific
BSX
$159B
| $195M | 0.17% |
3,686,289
+1,047,188
| +40% | +$55.3M |
|
131
Deere & Co
DE
$128B
| $192M | 0.17% |
510,009
+3,380
| +0.7% | +$1.28M |
|
132
Verisk Analytics
VRSK
$37.7B
| $192M | 0.17% |
812,288
+5,448
| +0.7% | +$1.29M |
|
133
Intuitive Surgical
ISRG
$163B
| $191M | 0.16% |
652,108
+9,499
| +1% | +$2.78M |
|
134
Stryker
SYK
$151B
| $186M | 0.16% |
678,898
+13,656
| +2% | +$3.73M |
|
135
Consolidated Edison
ED
$35.3B
| $185M | 0.16% |
2,165,896
-13,596
| -0.6% | -$1.16M |
|
136
Keurig Dr Pepper
KDP
$39.7B
| $183M | 0.16% |
5,793,627
+295,408
| +5% | +$9.33M |
|
137
Republic Services
RSG
$73B
| $183M | 0.16% |
1,282,772
+10,735
| +0.8% | +$1.53M |
|
138
Hershey
HSY
$37.6B
| $182M | 0.16% |
907,161
-8,706
| -1% | -$1.74M |
|
139
Constellation Brands
STZ
$25.7B
| $180M | 0.15% |
716,087
+48,907
| +7% | +$12.3M |
|
140
Kroger
KR
$44.9B
| $179M | 0.15% |
4,005,412
+10,556
| +0.3% | +$472K |
|
141
Allstate
ALL
$54.9B
| $178M | 0.15% |
1,602,029
+8,437
| +0.5% | +$940K |
|
142
Blackrock
BLK
$172B
| $178M | 0.15% |
275,914
+2,223
| +0.8% | +$1.44M |
|
143
General Dynamics
GD
$86.7B
| $178M | 0.15% |
806,917
+286,928
| +55% | +$63.4M |
|
144
Public Service Enterprise Group
PEG
$40.8B
| $175M | 0.15% |
3,083,248
+21,361
| +0.7% | +$1.22M |
|
145
Newmont
NEM
$82.3B
| $173M | 0.15% |
4,691,728
+94,724
| +2% | +$3.5M |
|
146
Kraft Heinz
KHC
$31.9B
| $170M | 0.15% |
5,051,835
-73,615
| -1% | -$2.48M |
|
147
Lam Research
LRCX
$127B
| $167M | 0.14% |
2,660,120
+26,250
| +1% | +$1.65M |
|
148
L3Harris
LHX
$51.1B
| $166M | 0.14% |
955,760
+13,767
| +1% | +$2.4M |
|
149
Uber
UBER
$192B
| $166M | 0.14% |
3,605,046
+60,447
| +2% | +$2.78M |
|
150
CDW
CDW
$21.8B
| $165M | 0.14% |
819,011
+7,854
| +1% | +$1.58M |
|