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 |
NVIDIA
NVDA
|
$6.83B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$200M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Amphenol
APH
|
$163M |
| 5 |
Chipotle Mexican Grill
CMG
|
$151M |
Top Sells
| 1 |
Financial Select Sector SPDR Fund
XLF
|
$505M |
| 2 |
Costco
COST
|
$422M |
| 3 |
Home Depot
HD
|
$348M |
| 4 |
Bank of America
BAC
|
$259M |
| 5 |
PepsiCo
PEP
|
$247M |
Sector Composition
| 1 | Technology | 33.69% |
| 2 | Healthcare | 12.79% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Centene
CNC
$14.5B
| $135M | 0.1% |
2,030,173
-213,942
| -10% | -$14.2M |
|
177
Sherwin-Williams
SHW
$90B
| $134M | 0.1% |
449,130
-15,966
| -3% | -$4.76M |
|
178
Hershey
HSY
$37.7B
| $134M | 0.1% |
728,523
-160,156
| -18% | -$29.4M |
|
179
Edison International
EIX
$21.5B
| $134M | 0.1% |
1,862,277
-238,050
| -11% | -$17.1M |
|
180
EOG Resources
EOG
$68.8B
| $133M | 0.1% |
1,059,900
-13,236
| -1% | -$1.67M |
|
181
NetApp
NTAP
$23.1B
| $131M | 0.1% |
1,014,922
-240,892
| -19% | -$31M |
|
182
Aflac
AFL
$56.5B
| $127M | 0.09% |
1,424,045
-78,273
| -5% | -$6.99M |
|
183
American Water Works
AWK
$27.6B
| $125M | 0.09% |
969,224
-177,927
| -16% | -$23M |
|
184
KKR & Co
KKR
$124B
| $125M | 0.09% |
1,188,055
+12,022
| +1% | +$1.27M |
|
185
NXP Semiconductors
NXPI
$58.7B
| $125M | 0.09% |
464,102
-104,480
| -18% | -$28.1M |
|
186
Illinois Tool Works
ITW
$76.4B
| $125M | 0.09% |
526,865
-14,208
| -3% | -$3.37M |
|
187
Schlumberger
SLB
$53.6B
| $124M | 0.09% |
2,634,649
+154,226
| +6% | +$7.28M |
|
188
Garmin
GRMN
$45.1B
| $124M | 0.09% |
758,892
-157,439
| -17% | -$25.6M |
|
189
Church & Dwight Co
CHD
$22.7B
| $123M | 0.09% |
1,182,834
-277,038
| -19% | -$28.7M |
|
190
TransDigm Group
TDG
$73.5B
| $123M | 0.09% |
95,969
-993
| -1% | -$1.27M |
|
191
FedEx
FDX
$52.9B
| $122M | 0.09% |
407,772
-35,679
| -8% | -$10.7M |
|
192
Moody's
MCO
$89.4B
| $122M | 0.09% |
289,035
-1,439
| -0.5% | -$606K |
|
193
Marathon Petroleum
MPC
$54.8B
| $122M | 0.09% |
700,929
-28,339
| -4% | -$4.92M |
|
194
US Bancorp
USB
$75.5B
| $121M | 0.09% |
3,043,824
+234,651
| +8% | +$9.32M |
|
195
WEC Energy
WEC
$34.1B
| $121M | 0.09% |
1,537,839
-352,866
| -19% | -$27.7M |
|
196
Freeport-McMoran
FCX
$64.5B
| $120M | 0.09% |
2,460,354
-51,709
| -2% | -$2.51M |
|
197
Moderna
MRNA
$9.41B
| $119M | 0.09% |
1,003,122
-126,817
| -11% | -$15.1M |
|
198
Cardinal Health
CAH
$35.7B
| $119M | 0.09% |
1,211,147
-282,382
| -19% | -$27.8M |
|
199
Willis Towers Watson
WTW
$31.7B
| $119M | 0.09% |
452,064
-85,408
| -16% | -$22.4M |
|
200
Parker-Hannifin
PH
$95B
| $117M | 0.09% |
231,224
-2,674
| -1% | -$1.35M |
|