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
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Arista Networks
ANET
|
$158M |
| 5 |
Lam Research
LRCX
|
$138M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
176
Trane Technologies
TT
$92.5B
| $149M | 0.1% | 404,403 -16,786 | -4% | -$6.2M |
|
177
Yum! Brands
YUM
$40.8B
| $149M | 0.1% | 1,107,137 +4,045 | +0.4% | +$543K |
|
178
Entergy
ETR
$39.3B
| $148M | 0.1% | 1,956,548 +982,790 | +101% | +$74.5M |
|
179
Consolidated Edison
ED
$35.4B
| $147M | 0.1% | 1,647,596 -14,710 | -0.9% | -$1.31M |
|
180
GE Vernova
GEV
$167B
| $145M | 0.1% | 441,709 -28,512 | -6% | -$9.38M |
|
181
Edison International
EIX
$21.6B
| $145M | 0.1% | 1,812,316 -2,519 | -0.1% | -$201K |
|
182
Apollo Global Management
APO
$77.9B
| $143M | 0.1% | 868,438 -45,852 | -5% | -$7.57M |
|
183
PayPal
PYPL
$67.1B
| $143M | 0.1% | 1,672,668 -133,033 | -7% | -$11.4M |
|
184
Applovin
APP
$162B
| $142M | 0.1% | 438,586 -44,035 | -9% | -$14.3M |
|
185
Willis Towers Watson
WTW
$31.9B
| $141M | 0.09% | 451,373 +30,303 | +7% | +$9.49M |
|
186
Garmin
GRMN
$46.5B
| $139M | 0.09% | 672,697 -43,449 | -6% | -$8.96M |
|
187
Chipotle Mexican Grill
CMG
$56.5B
| $138M | 0.09% | 2,290,832 -164,835 | -7% | -$9.94M |
|
188
PG&E
PCG
$33.6B
| $138M | 0.09% | 6,843,477 +136,825 | +2% | +$2.76M |
|
189
US Bancorp
USB
$76B
| $138M | 0.09% | 2,887,268 -130,352 | -4% | -$6.23M |
|
190
WEC Energy
WEC
$34.3B
| $137M | 0.09% | 1,458,300 -6,215 | -0.4% | -$584K |
|
191
Capital One
COF
$145B
| $137M | 0.09% | 768,965 +48,894 | +7% | +$8.72M |
|
|
ANSS
192
DELISTED
Ansys
ANSS
| $137M | 0.09% | 406,113 -6,919 | -2% | -$2.33M |
|
193
Cardinal Health
CAH
$35.5B
| $136M | 0.09% | 1,151,770 -18,207 | -2% | -$2.15M |
|
194
Mercado Libre
MELI
$125B
| $136M | 0.09% | 79,983 -3,869 | -5% | -$6.58M |
|
195
Parker-Hannifin
PH
$96.2B
| $135M | 0.09% | 212,732 -12,263 | -5% | -$7.8M |
|
196
Constellation Brands
STZ
$28.5B
| $135M | 0.09% | 609,575 -1,223 | -0.2% | -$270K |
|
197
Nasdaq
NDAQ
$54.4B
| $132M | 0.09% | 1,713,247 -2,896 | -0.2% | -$224K |
|
198
Moody's
MCO
$91.4B
| $132M | 0.09% | 279,106 -14,891 | -5% | -$7.05M |
|
199
GoDaddy
GDDY
$20.5B
| $131M | 0.09% | 664,983 -15,447 | -2% | -$3.05M |
|
200
Williams Companies
WMB
$70.7B
| $131M | 0.09% | 2,423,715 -63,256 | -3% | -$3.42M |
|