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
|
$2.23B |
| 2 |
JPHY
JPMorgan Active High Yield ETF
JPHY
|
$2.02B |
| 3 |
Microsoft
MSFT
|
$1.33B |
| 4 |
NVIDIA
NVDA
|
$985M |
| 5 |
Amazon
AMZN
|
$539M |
Top Sells
| 1 |
Broadcom
AVGO
|
$506M |
| 2 |
Texas Instruments
TXN
|
$293M |
| 3 |
McDonald's
MCD
|
$286M |
| 4 |
Home Depot
HD
|
$264M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$247M |
Sector Composition
| 1 | Technology | 31.86% |
| 2 | Financials | 11.82% |
| 3 | Healthcare | 8.87% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Johnson Controls International
JCI
$69.9B
| $122M | 0.08% |
1,152,078
-234,917
| -17% | -$24.8M |
|
202
Vistra
VST
$64.1B
| $118M | 0.08% |
609,867
+25,235
| +4% | +$4.89M |
|
203
Robinhood
HOOD
$92.4B
| $118M | 0.08% |
1,261,185
+186,687
| +17% | +$17.5M |
|
204
Gartner
IT
$19B
| $117M | 0.07% |
289,018
-53,280
| -16% | -$21.5M |
|
205
Coinbase
COIN
$78.2B
| $117M | 0.07% |
332,791
+98,827
| +42% | +$34.6M |
|
|
ANSS
206
DELISTED
Ansys
ANSS
| $115M | 0.07% |
326,773
-68,708
| -17% | -$24.1M |
|
207
Willis Towers Watson
WTW
$31.9B
| $115M | 0.07% |
373,827
-68,924
| -16% | -$21.1M |
|
208
Snowflake
SNOW
$79.6B
| $112M | 0.07% |
502,218
+33,070
| +7% | +$7.4M |
|
209
MSCI
MSCI
$43.9B
| $112M | 0.07% |
194,177
+5,569
| +3% | +$3.21M |
|
210
Pinduoduo
PDD
$171B
| $111M | 0.07% |
1,061,440
+85,343
| +9% | +$8.93M |
|
211
Marvell Technology
MRVL
$54.2B
| $111M | 0.07% |
1,434,636
+84,064
| +6% | +$6.51M |
|
212
American Water Works
AWK
$28B
| $110M | 0.07% |
791,591
-127,451
| -14% | -$17.7M |
|
213
Newmont
NEM
$81.7B
| $110M | 0.07% |
1,882,366
+66,541
| +4% | +$3.88M |
|
214
CRH
CRH
$75.9B
| $108M | 0.07% |
1,173,172
+37,949
| +3% | +$3.48M |
|
215
Apollo Global Management
APO
$77.9B
| $107M | 0.07% |
752,182
-101,042
| -12% | -$14.3M |
|
216
Broadridge
BR
$29.9B
| $106M | 0.07% |
434,693
-79,688
| -15% | -$19.4M |
|
217
Hilton Worldwide
HLT
$64.9B
| $105M | 0.07% |
394,731
+10,430
| +3% | +$2.78M |
|
218
CSX Corp
CSX
$60.6B
| $105M | 0.07% |
3,206,903
+118,931
| +4% | +$3.88M |
|
219
W.W. Grainger
GWW
$48.5B
| $105M | 0.07% |
100,582
-6,933
| -6% | -$7.21M |
|
220
General Mills
GIS
$26.4B
| $104M | 0.07% |
2,011,683
-937,813
| -32% | -$48.6M |
|
221
DTE Energy
DTE
$28.4B
| $104M | 0.07% |
783,860
-175,404
| -18% | -$23.2M |
|
222
Brown & Brown
BRO
$32B
| $102M | 0.07% |
924,422
-146,589
| -14% | -$16.3M |
|
223
Axon Enterprise
AXON
$58.7B
| $102M | 0.06% |
122,689
+11,086
| +10% | +$9.18M |
|
224
PACCAR
PCAR
$52.5B
| $101M | 0.06% |
1,066,270
+69,977
| +7% | +$6.65M |
|
225
Marriott International Class A Common Stock
MAR
$72.7B
| $101M | 0.06% |
370,258
-339,430
| -48% | -$92.7M |
|