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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Arista Networks
ANET
|
$158M |
| 5 |
Lam Research
LRCX
|
$138M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
126
Synopsys
SNPS
$112B
| $217M | 0.14% | 446,375 -6,128 | -1% | -$2.97M |
|
|
127
Arista Networks
ANET
$172B
| $216M | 0.14% | 1,955,094 +1,432,009 | +274% | +$158M |
|
128
Medtronic
MDT
$119B
| $216M | 0.14% | 2,698,268 +139,141 | +5% | +$11.1M |
|
129
General Mills
GIS
$26.4B
| $214M | 0.14% | 3,362,017 -45,599 | -1% | -$2.91M |
|
130
Microchip Technology
MCHP
$35.1B
| $213M | 0.14% | 3,706,403 +419,912 | +13% | +$24.1M |
|
131
TE Connectivity
TEL
$61B
| $211M | 0.14% | 1,474,117 -23,800 | -2% | -$3.4M |
|
132
Charles Schwab
SCHW
$174B
| $210M | 0.14% | 2,836,381 -139,010 | -5% | -$10.3M |
|
133
Electronic Arts
EA
$43B
| $210M | 0.14% | 1,434,564 -24,709 | -2% | -$3.61M |
|
134
Welltower
WELL
$113B
| $209M | 0.14% | 1,661,201 +632,143 | +61% | +$79.7M |
|
135
Marvell Technology
MRVL
$54.2B
| $206M | 0.14% | 1,869,352 +445,765 | +31% | +$49.2M |
|
136
Dominion Energy
D
$51.1B
| $206M | 0.14% | 3,832,496 -26,519 | -0.7% | -$1.43M |
|
137
Realty Income
O
$53.7B
| $206M | 0.14% | 3,849,998 +811,037 | +27% | +$43.3M |
|
138
Paychex
PAYX
$50.2B
| $204M | 0.14% | 1,458,050 -30,308 | -2% | -$4.25M |
|
139
Uber
UBER
$196B
| $204M | 0.14% | 3,379,996 -170,349 | -5% | -$10.3M |
|
140
Kimberly-Clark
KMB
$42.8B
| $201M | 0.13% | 1,536,858 -10,300 | -0.7% | -$1.35M |
|
141
HP
HPQ
$26.7B
| $198M | 0.13% | 6,066,488 -120,573 | -2% | -$3.93M |
|
142
Palo Alto Networks
PANW
$127B
| $198M | 0.13% | 1,087,682 +535,124 | +97% | +$97.4M |
|
143
Public Service Enterprise Group
PEG
$41.1B
| $198M | 0.13% | 2,339,431 -29,153 | -1% | -$2.46M |
|
144
DoorDash
DASH
$105B
| $197M | 0.13% | 1,172,959 +577,610 | +97% | +$96.9M |
|
145
Republic Services
RSG
$73B
| $189M | 0.13% | 939,031 -5,233 | -0.6% | -$1.05M |
|
146
3M
MMM
$82.8B
| $188M | 0.13% | 1,460,102 -71,140 | -5% | -$9.18M |
|
147
Fastenal
FAST
$57B
| $187M | 0.12% | 2,596,379 -52,121 | -2% | -$3.75M |
|
148
Workday
WDAY
$61.6B
| $186M | 0.12% | 720,971 +116,161 | +19% | +$30M |
|
149
Verisk Analytics
VRSK
$37.5B
| $183M | 0.12% | 663,571 -11,412 | -2% | -$3.14M |
|
150
Kroger
KR
$44.9B
| $183M | 0.12% | 2,985,786 -73,654 | -2% | -$4.5M |
|