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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
General Dynamics
GD
$86.8B
| $126M | 0.11% |
550,092
-58,466
| -10% | -$13.3M |
|
177
Clorox
CLX
$15.5B
| $125M | 0.11% |
792,668
-32,129
| -4% | -$5.08M |
|
178
Air Products & Chemicals
APD
$64.5B
| $125M | 0.11% |
434,967
-53,444
| -11% | -$15.3M |
|
179
CSX Corp
CSX
$60.6B
| $120M | 0.11% |
4,015,120
-723,012
| -15% | -$21.6M |
|
180
Fidelity National Information Services
FIS
$35.9B
| $119M | 0.11% |
2,198,647
-767,230
| -26% | -$41.7M |
|
181
Cooper Companies
COO
$13.5B
| $118M | 0.11% |
1,267,884
-75,992
| -6% | -$7.09M |
|
182
FirstEnergy
FE
$25.1B
| $118M | 0.1% |
2,949,403
-205,386
| -7% | -$8.23M |
|
183
Mercado Libre
MELI
$123B
| $118M | 0.1% |
89,339
-13,530
| -13% | -$17.8M |
|
184
Synopsys
SNPS
$111B
| $118M | 0.1% |
304,235
-47,921
| -14% | -$18.5M |
|
185
Nasdaq
NDAQ
$53.6B
| $117M | 0.1% |
2,138,222
-154,068
| -7% | -$8.42M |
|
186
KLA
KLAC
$119B
| $117M | 0.1% |
291,963
-285,804
| -49% | -$114M |
|
187
Conagra Brands
CAG
$9.23B
| $116M | 0.1% |
3,094,306
-84,418
| -3% | -$3.17M |
|
188
Palo Alto Networks
PANW
$130B
| $116M | 0.1% |
1,159,690
-199,538
| -15% | -$19.9M |
|
189
BioMarin Pharmaceuticals
BMRN
$11.1B
| $115M | 0.1% |
1,187,327
-45,962
| -4% | -$4.47M |
|
190
HCA Healthcare
HCA
$98.5B
| $115M | 0.1% |
435,643
-63,511
| -13% | -$16.7M |
|
191
Uber
UBER
$190B
| $115M | 0.1% |
3,616,927
-590,113
| -14% | -$18.7M |
|
192
Expeditors International
EXPD
$16.4B
| $114M | 0.1% |
1,039,314
-76,013
| -7% | -$8.37M |
|
193
Cencora
COR
$56.7B
| $114M | 0.1% |
712,379
+256,652
| +56% | +$41.1M |
|
194
Markel Group
MKL
$24.2B
| $113M | 0.1% |
88,657
-4,033
| -4% | -$5.15M |
|
195
Estee Lauder
EL
$32.1B
| $113M | 0.1% |
459,230
-64,720
| -12% | -$16M |
|
196
Freeport-McMoran
FCX
$66.5B
| $113M | 0.1% |
2,766,277
-450,481
| -14% | -$18.4M |
|
197
CMS Energy
CMS
$21.4B
| $113M | 0.1% |
1,834,807
-104,941
| -5% | -$6.44M |
|
198
Kellanova
K
$27.8B
| $112M | 0.1% |
1,783,208
-74,040
| -4% | -$4.66M |
|
199
Broadridge
BR
$29.4B
| $112M | 0.1% |
764,327
-38,624
| -5% | -$5.66M |
|
200
Valero Energy
VLO
$48.7B
| $110M | 0.1% |
786,651
-111,840
| -12% | -$15.6M |
|