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
|
$6.83B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$200M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Amphenol
APH
|
$163M |
| 5 |
Chipotle Mexican Grill
CMG
|
$151M |
Top Sells
| 1 |
Financial Select Sector SPDR Fund
XLF
|
$505M |
| 2 |
Costco
COST
|
$422M |
| 3 |
Home Depot
HD
|
$348M |
| 4 |
Bank of America
BAC
|
$259M |
| 5 |
PepsiCo
PEP
|
$247M |
Sector Composition
| 1 | Technology | 33.69% |
| 2 | Healthcare | 12.79% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Target
TGT
$41.9B
| $210M | 0.15% |
1,418,141
+253,282
| +22% | +$37.5M |
|
127
Allstate
ALL
$53.3B
| $206M | 0.15% |
1,291,326
-454,003
| -26% | -$72.5M |
|
128
Crown Castle
CCI
$42.8B
| $205M | 0.15% |
2,094,709
-400,129
| -16% | -$39.1M |
|
129
Deere & Co
DE
$128B
| $204M | 0.15% |
545,696
+19,630
| +4% | +$7.33M |
|
130
Blackrock
BLK
$172B
| $202M | 0.15% |
256,708
-5,511
| -2% | -$4.34M |
|
131
Dominion Energy
D
$50.5B
| $198M | 0.15% |
4,036,596
-818,426
| -17% | -$40.1M |
|
132
Charles Schwab
SCHW
$174B
| $196M | 0.14% |
2,653,865
+36,309
| +1% | +$2.68M |
|
133
Palo Alto Networks
PANW
$128B
| $190M | 0.14% |
561,839
+4,558
| +0.8% | +$1.55M |
|
134
Republic Services
RSG
$72.6B
| $190M | 0.14% |
977,181
-241,282
| -20% | -$46.9M |
|
135
Airbnb
ABNB
$77.9B
| $190M | 0.14% |
1,249,944
-302,451
| -19% | -$45.9M |
|
136
Verisk Analytics
VRSK
$36.9B
| $189M | 0.14% |
701,289
-104,744
| -13% | -$28.2M |
|
137
Cencora
COR
$57.3B
| $188M | 0.14% |
835,375
-132,885
| -14% | -$29.9M |
|
138
Paychex
PAYX
$49B
| $184M | 0.14% |
1,553,490
-333,599
| -18% | -$39.6M |
|
139
L3Harris
LHX
$51.5B
| $182M | 0.13% |
811,375
-135,147
| -14% | -$30.4M |
|
140
Electronic Arts
EA
$42.9B
| $180M | 0.13% |
1,292,957
-312,027
| -19% | -$43.5M |
|
141
Public Service Enterprise Group
PEG
$40.7B
| $179M | 0.13% |
2,434,837
-533,718
| -18% | -$39.3M |
|
142
Arch Capital
ACGL
$34.1B
| $176M | 0.13% |
1,748,981
+55,094
| +3% | +$5.56M |
|
143
Fastenal
FAST
$56.4B
| $174M | 0.13% |
2,772,177
-603,922
| -18% | -$38M |
|
144
Humana
HUM
$37.1B
| $174M | 0.13% |
466,169
-46,493
| -9% | -$17.4M |
|
145
General Mills
GIS
$26.2B
| $174M | 0.13% |
2,751,742
-633,142
| -19% | -$40.1M |
|
146
Cognizant
CTSH
$35.2B
| $168M | 0.12% |
2,477,292
-479,061
| -16% | -$32.6M |
|
147
Gartner
IT
$18.9B
| $168M | 0.12% |
374,640
-78,063
| -17% | -$35.1M |
|
148
Exelon
EXC
$43.8B
| $168M | 0.12% |
4,856,068
-970,800
| -17% | -$33.6M |
|
149
Nike
NKE
$110B
| $168M | 0.12% |
2,222,528
+118,502
| +6% | +$8.93M |
|
150
Arista Networks
ANET
$171B
| $167M | 0.12% |
477,004
+32,626
| +7% | +$11.4M |
|