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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Kinder Morgan
KMI
$60B
| $150M | 0.1% | 6,773,074 -69,156 | -1% | -$1.53M |
|
177
Workday
WDAY
$61.6B
| $148M | 0.1% | 604,810 +235,302 | +64% | +$57.5M |
|
178
Pinduoduo
PDD
$171B
| $146M | 0.1% | 1,082,668 -104,575 | -9% | -$14.1M |
|
179
Humana
HUM
$36.5B
| $145M | 0.1% | 457,651 -8,518 | -2% | -$2.7M |
|
180
Centene
CNC
$14.3B
| $145M | 0.1% | 1,925,015 -105,158 | -5% | -$7.92M |
|
181
Ecolab
ECL
$78.6B
| $144M | 0.1% | 562,399 +86,244 | +18% | +$22M |
|
182
Parker-Hannifin
PH
$96.2B
| $142M | 0.1% | 224,995 -6,229 | -3% | -$3.94M |
|
183
Chipotle Mexican Grill
CMG
$56.5B
| $141M | 0.1% | 2,455,667 -5,016 | -0.2% | -$289K |
|
184
PayPal
PYPL
$67.1B
| $141M | 0.1% | 1,805,701 +5,854 | +0.3% | +$457K |
|
185
WEC Energy
WEC
$34.3B
| $141M | 0.1% | 1,464,515 -73,324 | -5% | -$7.05M |
|
186
HCA Healthcare
HCA
$94.5B
| $140M | 0.1% | 344,687 -1,269 | -0.4% | -$516K |
|
187
Moody's
MCO
$91.4B
| $140M | 0.1% | 293,997 +4,962 | +2% | +$2.35M |
|
188
American Water Works
AWK
$28B
| $139M | 0.1% | 947,366 -21,858 | -2% | -$3.2M |
|
189
Constellation Energy
CEG
$96.2B
| $138M | 0.1% | 532,225 -16,550 | -3% | -$4.3M |
|
190
US Bancorp
USB
$76B
| $138M | 0.1% | 3,017,620 -26,204 | -0.9% | -$1.2M |
|
191
Illinois Tool Works
ITW
$77.1B
| $137M | 0.1% | 521,241 -5,624 | -1% | -$1.47M |
|
192
TransDigm Group
TDG
$78.8B
| $135M | 0.09% | 94,307 -1,662 | -2% | -$2.37M |
|
193
CDW
CDW
$21.6B
| $133M | 0.09% | 586,551 -82,001 | -12% | -$18.6M |
|
194
PG&E
PCG
$33.6B
| $133M | 0.09% | 6,706,652 +156,504 | +2% | +$3.09M |
|
195
Welltower
WELL
$113B
| $132M | 0.09% | 1,029,058 +16,698 | +2% | +$2.14M |
|
|
ANSS
196
DELISTED
Ansys
ANSS
| $132M | 0.09% | 413,032 -11,388 | -3% | -$3.63M |
|
197
Hewlett Packard
HPE
$29.6B
| $132M | 0.09% | 6,429,999 -212,936 | -3% | -$4.36M |
|
198
PNC Financial Services
PNC
$81.7B
| $131M | 0.09% | 710,510 -6,739 | -0.9% | -$1.25M |
|
199
Hershey
HSY
$37.3B
| $130M | 0.09% | 680,213 -48,310 | -7% | -$9.26M |
|
200
Cardinal Health
CAH
$35.5B
| $129M | 0.09% | 1,169,977 -41,170 | -3% | -$4.55M |
|