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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Synopsys
SNPS
$112B
| $229M | 0.16% | 452,503 -18,161 | -4% | -$9.2M |
|
127
Citigroup
C
$178B
| $226M | 0.16% | 3,614,396 -12,691 | -0.3% | -$794K |
|
128
Sempra
SRE
$53.9B
| $226M | 0.16% | 2,705,000 -125,712 | -4% | -$10.5M |
|
129
TE Connectivity
TEL
$61B
| $226M | 0.16% | 1,497,917 -34,031 | -2% | -$5.14M |
|
130
Dominion Energy
D
$51.1B
| $223M | 0.16% | 3,859,015 -177,581 | -4% | -$10.3M |
|
131
HP
HPQ
$26.7B
| $222M | 0.16% | 6,187,061 +1,510,064 | +32% | +$54.2M |
|
132
KKR & Co
KKR
$124B
| $221M | 0.15% | 1,691,766 +503,711 | +42% | +$65.8M |
|
133
Kimberly-Clark
KMB
$42.8B
| $220M | 0.15% | 1,547,158 -92,884 | -6% | -$13.2M |
|
134
ConocoPhillips
COP
$124B
| $219M | 0.15% | 2,077,029 -43,417 | -2% | -$4.57M |
|
135
Nike
NKE
$114B
| $215M | 0.15% | 2,430,005 +207,477 | +9% | +$18.3M |
|
136
Public Service Enterprise Group
PEG
$41.1B
| $211M | 0.15% | 2,368,584 -66,253 | -3% | -$5.91M |
|
137
3M
MMM
$82.8B
| $209M | 0.15% | 1,531,242 -5,529 | -0.4% | -$756K |
|
138
Electronic Arts
EA
$43B
| $209M | 0.15% | 1,459,273 +166,316 | +13% | +$23.9M |
|
139
Arista Networks
ANET
$172B
| $201M | 0.14% | 523,085 +46,081 | +10% | +$17.7M |
|
140
Paychex
PAYX
$50.2B
| $200M | 0.14% | 1,488,358 -65,132 | -4% | -$8.74M |
|
141
Kraft Heinz
KHC
$33.1B
| $199M | 0.14% | 5,674,919 +1,476,563 | +35% | +$51.8M |
|
142
Charles Schwab
SCHW
$174B
| $193M | 0.13% | 2,975,391 +321,526 | +12% | +$20.8M |
|
143
Realty Income
O
$53.7B
| $193M | 0.13% | 3,038,961 -9,068 | -0.3% | -$575K |
|
144
Arch Capital
ACGL
$34.2B
| $192M | 0.13% | 1,717,015 -31,966 | -2% | -$3.58M |
|
145
Republic Services
RSG
$73B
| $190M | 0.13% | 944,264 -32,917 | -3% | -$6.61M |
|
146
Fastenal
FAST
$57B
| $189M | 0.13% | 2,648,500 -123,677 | -4% | -$8.83M |
|
147
Palo Alto Networks
PANW
$127B
| $189M | 0.13% | 552,558 -9,281 | -2% | -$3.17M |
|
148
Lam Research
LRCX
$127B
| $187M | 0.13% | 229,432 -10,614 | -4% | -$8.66M |
|
149
Exelon
EXC
$44.1B
| $186M | 0.13% | 4,588,921 -267,147 | -6% | -$10.8M |
|
150
L3Harris
LHX
$51.9B
| $184M | 0.13% | 774,032 -37,343 | -5% | -$8.88M |
|