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
|
$2.23B |
| 2 |
JPHY
JPMorgan Active High Yield ETF
JPHY
|
$2.02B |
| 3 |
Microsoft
MSFT
|
$1.33B |
| 4 |
NVIDIA
NVDA
|
$985M |
| 5 |
Amazon
AMZN
|
$539M |
Top Sells
| 1 |
Broadcom
AVGO
|
$506M |
| 2 |
Texas Instruments
TXN
|
$293M |
| 3 |
McDonald's
MCD
|
$286M |
| 4 |
Home Depot
HD
|
$264M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$247M |
Sector Composition
| 1 | Technology | 31.86% |
| 2 | Financials | 11.82% |
| 3 | Healthcare | 8.87% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Applovin
APP
$162B
| $146M | 0.09% | 416,666 -9,441 | -2% | -$3.31M |
|
177
Williams Companies
WMB
$70.7B
| $145M | 0.09% | 2,306,715 -97,801 | -4% | -$6.14M |
|
178
Hartford Financial Services
HIG
$37.2B
| $144M | 0.09% | 1,138,737 -201,848 | -15% | -$25.6M |
|
179
Moody's
MCO
$91.4B
| $144M | 0.09% | 287,670 +4,989 | +2% | +$2.5M |
|
180
TransDigm Group
TDG
$78.8B
| $139M | 0.09% | 91,230 +4,738 | +5% | +$7.2M |
|
181
Cadence Design Systems
CDNS
$95.5B
| $138M | 0.09% | 448,561 -191,191 | -30% | -$58.9M |
|
182
Sempra
SRE
$53.9B
| $137M | 0.09% | 1,811,402 -585,211 | -24% | -$44.3M |
|
183
Howmet Aerospace
HWM
$70.2B
| $136M | 0.09% | 731,960 +29,292 | +4% | +$5.45M |
|
184
Royal Caribbean
RCL
$98.7B
| $136M | 0.09% | 433,018 +43,184 | +11% | +$13.5M |
|
185
Yum! Brands
YUM
$40.8B
| $135M | 0.09% | 913,169 -166,342 | -15% | -$24.6M |
|
186
Entergy
ETR
$39.3B
| $135M | 0.09% | 1,625,254 -295,590 | -15% | -$24.6M |
|
187
PNC Financial Services
PNC
$81.7B
| $134M | 0.09% | 720,089 +44,829 | +7% | +$8.36M |
|
188
Consolidated Edison
ED
$35.4B
| $133M | 0.09% | 1,329,174 -234,525 | -15% | -$23.5M |
|
189
Bank of New York Mellon
BK
$74.5B
| $128M | 0.08% | 1,410,050 +75,057 | +6% | +$6.84M |
|
190
Cheniere Energy
LNG
$53.1B
| $128M | 0.08% | 527,345 -38,579 | -7% | -$9.39M |
|
191
Nasdaq
NDAQ
$54.4B
| $128M | 0.08% | 1,433,641 -252,420 | -15% | -$22.6M |
|
192
Chipotle Mexican Grill
CMG
$56.5B
| $126M | 0.08% | 2,238,203 +545,234 | +32% | +$30.6M |
|
193
Arch Capital
ACGL
$34.2B
| $125M | 0.08% | 1,378,214 -248,776 | -15% | -$22.7M |
|
194
Copart
CPRT
$47.2B
| $125M | 0.08% | 2,548,275 +1,200,035 | +89% | +$58.9M |
|
195
PayPal
PYPL
$67.1B
| $125M | 0.08% | 1,682,259 +11,785 | +0.7% | +$876K |
|
196
HCA Healthcare
HCA
$94.5B
| $125M | 0.08% | 325,357 -18,695 | -5% | -$7.16M |
|
197
WEC Energy
WEC
$34.3B
| $125M | 0.08% | 1,195,502 -213,790 | -15% | -$22.3M |
|
198
Emerson Electric
EMR
$74.3B
| $124M | 0.08% | 932,024 +48,224 | +5% | +$6.43M |
|
199
Illinois Tool Works
ITW
$77.1B
| $124M | 0.08% | 502,094 +26,984 | +6% | +$6.67M |
|
200
US Bancorp
USB
$76B
| $123M | 0.08% | 2,729,136 -348,813 | -11% | -$15.8M |
|