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
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
Intuitive Surgical
ISRG
|
$179M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Entergy
ETR
$39B
| $170M | 0.11% |
1,510,142
-35,498
| -2% | -$4M |
|
177
Liberty Broadband Class C
LBRDK
$8.7B
| $169M | 0.11% |
1,047,531
+66,052
| +7% | +$10.6M |
|
178
Truist Financial
TFC
$59.9B
| $168M | 0.11% |
2,865,680
-127,026
| -4% | -$7.44M |
|
179
Illinois Tool Works
ITW
$76.4B
| $167M | 0.11% |
677,852
-27,135
| -4% | -$6.7M |
|
180
Willis Towers Watson
WTW
$31.7B
| $167M | 0.11% |
703,628
-19,510
| -3% | -$4.63M |
|
181
Tyler Technologies
TYL
$23.9B
| $167M | 0.11% |
310,030
-3,442
| -1% | -$1.85M |
|
182
Cigna
CI
$80.3B
| $166M | 0.11% |
722,824
-53,455
| -7% | -$12.3M |
|
183
Clorox
CLX
$14.7B
| $163M | 0.11% |
932,325
-33,364
| -3% | -$5.82M |
|
184
US Bancorp
USB
$75.5B
| $163M | 0.11% |
2,894,021
-124,503
| -4% | -$6.99M |
|
185
Quest Diagnostics
DGX
$20B
| $162M | 0.11% |
933,846
-78,283
| -8% | -$13.5M |
|
186
Broadridge
BR
$29.5B
| $161M | 0.11% |
878,230
-18,953
| -2% | -$3.46M |
|
|
SGEN
187
DELISTED
Seagen Inc. Common Stock
SGEN
| $160M | 0.11% |
1,033,918
-10,110
| -1% | -$1.56M |
|
188
Domino's
DPZ
$15.9B
| $158M | 0.11% |
280,069
-15,406
| -5% | -$8.69M |
|
189
Take-Two Interactive
TTWO
$44.4B
| $156M | 0.1% |
879,115
-14,688
| -2% | -$2.61M |
|
190
Cooper Companies
COO
$13B
| $156M | 0.1% |
371,737
-9,957
| -3% | -$4.17M |
|
191
Norfolk Southern
NSC
$62.4B
| $156M | 0.1% |
522,573
-35,946
| -6% | -$10.7M |
|
192
Genuine Parts
GPC
$18.9B
| $153M | 0.1% |
1,093,719
-26,327
| -2% | -$3.69M |
|
193
Cadence Design Systems
CDNS
$93.4B
| $153M | 0.1% |
822,487
-31,055
| -4% | -$5.79M |
|
|
CERN
194
DELISTED
Cerner Corp
CERN
| $152M | 0.1% |
1,632,292
-59,622
| -4% | -$5.54M |
|
195
Marvell Technology
MRVL
$55.7B
| $151M | 0.1% |
1,725,364
-87,290
| -5% | -$7.64M |
|
196
Verisk Analytics
VRSK
$37B
| $150M | 0.1% |
654,919
-17,202
| -3% | -$3.93M |
|
197
Northrop Grumman
NOC
$84.4B
| $149M | 0.1% |
384,977
-19,253
| -5% | -$7.45M |
|
198
Eaton
ETN
$134B
| $149M | 0.1% |
860,291
-42,602
| -5% | -$7.36M |
|
199
Garmin
GRMN
$45.1B
| $148M | 0.1% |
1,084,584
-4,175
| -0.4% | -$569K |
|
200
Digital Realty Trust
DLR
$55.6B
| $147M | 0.1% |
833,618
-35,281
| -4% | -$6.24M |
|