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 |
Meta Platforms (Facebook)
META
|
$234M |
| 2 |
NVIDIA
NVDA
|
$197M |
| 3 |
Costco
COST
|
$174M |
| 4 |
Home Depot
HD
|
$157M |
| 5 |
Airbnb
ABNB
|
$137M |
Top Sells
| 1 |
Amazon
AMZN
|
$432M |
| 2 |
Microsoft
MSFT
|
$271M |
| 3 |
Merck
MRK
|
$261M |
| 4 |
Walt Disney
DIS
|
$232M |
| 5 |
Texas Instruments
TXN
|
$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Cencora
COR
$56.7B
| $235M | 0.17% |
968,260
-601
| -0.1% | -$146K |
|
127
Starbucks
SBUX
$97.1B
| $235M | 0.17% |
2,571,476
-151,238
| -6% | -$13.8M |
|
128
Republic Services
RSG
$71.7B
| $233M | 0.16% |
1,218,463
-49,333
| -4% | -$9.44M |
|
129
Stryker
SYK
$150B
| $232M | 0.16% |
648,432
-18,271
| -3% | -$6.54M |
|
130
Paychex
PAYX
$48.7B
| $232M | 0.16% |
1,887,089
-66,236
| -3% | -$8.13M |
|
131
Sempra
SRE
$52.9B
| $230M | 0.16% |
3,195,762
+223,780
| +8% | +$16.1M |
|
132
Citigroup
C
$176B
| $227M | 0.16% |
3,584,163
-1,150,141
| -24% | -$72.7M |
|
133
TJX Companies
TJX
$155B
| $226M | 0.16% |
2,230,475
-86,201
| -4% | -$8.74M |
|
134
Eaton
ETN
$136B
| $223M | 0.16% |
713,425
-16,506
| -2% | -$5.16M |
|
135
CVS Health
CVS
$93.6B
| $221M | 0.16% |
2,775,700
-63,589
| -2% | -$5.07M |
|
136
Kroger
KR
$44.8B
| $219M | 0.15% |
3,835,629
-124,915
| -3% | -$7.14M |
|
137
Exelon
EXC
$43.9B
| $219M | 0.15% |
5,826,868
-212,155
| -4% | -$7.97M |
|
138
Blackrock
BLK
$170B
| $219M | 0.15% |
262,219
-5,812
| -2% | -$4.85M |
|
139
Cognizant
CTSH
$35.1B
| $217M | 0.15% |
2,956,353
-175,625
| -6% | -$12.9M |
|
140
Deere & Co
DE
$128B
| $216M | 0.15% |
526,066
-19,116
| -4% | -$7.85M |
|
141
Gartner
IT
$18.6B
| $216M | 0.15% |
452,703
-10,442
| -2% | -$4.98M |
|
142
Electronic Arts
EA
$42.2B
| $213M | 0.15% |
1,604,984
-60,057
| -4% | -$7.97M |
|
143
CDW
CDW
$22.2B
| $207M | 0.15% |
810,239
-11,854
| -1% | -$3.03M |
|
144
Target
TGT
$42.3B
| $206M | 0.15% |
1,164,859
+310,016
| +36% | +$54.9M |
|
145
L3Harris
LHX
$51B
| $202M | 0.14% |
946,522
-12,763
| -1% | -$2.72M |
|
146
Public Service Enterprise Group
PEG
$40.5B
| $198M | 0.14% |
2,968,555
-79,515
| -3% | -$5.31M |
|
147
Nike
NKE
$109B
| $198M | 0.14% |
2,104,026
-81,351
| -4% | -$7.65M |
|
148
Constellation Brands
STZ
$26.2B
| $196M | 0.14% |
720,823
-9,745
| -1% | -$2.65M |
|
149
Boeing
BA
$174B
| $190M | 0.13% |
985,118
-21,351
| -2% | -$4.12M |
|
150
Verisk Analytics
VRSK
$37.8B
| $190M | 0.13% |
806,033
-10,190
| -1% | -$2.4M |
|