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
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
Intuitive Surgical
ISRG
|
$179M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Dollar Tree
DLTR
$21.5B
| $146M | 0.1% |
1,038,439
-31,650
| -3% | -$4.45M |
|
202
Air Products & Chemicals
APD
$65B
| $144M | 0.1% |
472,671
-17,011
| -3% | -$5.18M |
|
203
Akamai
AKAM
$11.1B
| $144M | 0.1% |
1,226,837
-25,712
| -2% | -$3.01M |
|
204
CMS Energy
CMS
$21.3B
| $143M | 0.1% |
2,200,485
-37,887
| -2% | -$2.46M |
|
205
KLA
KLAC
$111B
| $141M | 0.09% |
328,680
-15,465
| -4% | -$6.65M |
|
206
HCA Healthcare
HCA
$94.8B
| $141M | 0.09% |
549,296
-43,416
| -7% | -$11.2M |
|
207
Travelers Companies
TRV
$61.8B
| $140M | 0.09% |
897,426
-358,114
| -29% | -$56M |
|
208
Arista Networks
ANET
$173B
| $139M | 0.09% |
968,342
+756,139
| +356% | +$109M |
|
209
Roper Technologies
ROP
$55.8B
| $139M | 0.09% |
281,753
+47,871
| +20% | +$23.5M |
|
210
Capital One
COF
$140B
| $138M | 0.09% |
949,285
-86,694
| -8% | -$12.6M |
|
211
Palo Alto Networks
PANW
$128B
| $137M | 0.09% |
246,947
-9,235
| -4% | -$5.14M |
|
212
Moody's
MCO
$88.8B
| $136M | 0.09% |
348,519
-12,542
| -3% | -$4.9M |
|
213
FedEx
FDX
$53.2B
| $136M | 0.09% |
525,630
-26,148
| -5% | -$6.76M |
|
214
Freeport-McMoran
FCX
$66.3B
| $135M | 0.09% |
3,231,139
-148,640
| -4% | -$6.2M |
|
215
Autodesk
ADSK
$67.6B
| $133M | 0.09% |
473,317
-20,954
| -4% | -$5.89M |
|
216
NXP Semiconductors
NXPI
$57.1B
| $131M | 0.09% |
575,191
-25,688
| -4% | -$5.85M |
|
217
Snowflake
SNOW
$77B
| $130M | 0.09% |
384,873
-4,468
| -1% | -$1.51M |
|
218
Uber
UBER
$194B
| $130M | 0.09% |
3,108,410
-158,281
| -5% | -$6.64M |
|
219
Markel Group
MKL
$24.6B
| $129M | 0.09% |
104,746
-1,187
| -1% | -$1.46M |
|
220
Humana
HUM
$37.2B
| $128M | 0.09% |
276,074
-11,985
| -4% | -$5.56M |
|
221
Bio-Rad Laboratories Class A
BIO
$7.8B
| $128M | 0.09% |
169,150
-1,873
| -1% | -$1.42M |
|
222
Boston Scientific
BSX
$156B
| $128M | 0.09% |
3,007,637
-146,229
| -5% | -$6.21M |
|
223
Brown & Brown
BRO
$31.4B
| $127M | 0.08% |
1,800,146
-41,115
| -2% | -$2.89M |
|
224
Johnson Controls International
JCI
$68.7B
| $126M | 0.08% |
1,544,725
-81,458
| -5% | -$6.62M |
|
225
Kellanova
K
$27.4B
| $124M | 0.08% |
1,921,329
-55,523
| -3% | -$3.58M |
|