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 |
Meta Platforms (Facebook)
META
|
$234M |
| 2 |
NVIDIA
NVDA
|
$197M |
| 3 |
Costco
COST
|
$174M |
| 4 |
Home Depot
HD
|
$157M |
| 5 |
Airbnb
ABNB
|
$137M |
Top Sells
| 1 |
Amazon
AMZN
|
$432M |
| 2 |
Microsoft
MSFT
|
$271M |
| 3 |
Merck
MRK
|
$261M |
| 4 |
Walt Disney
DIS
|
$232M |
| 5 |
Texas Instruments
TXN
|
$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Brown & Brown
BRO
$31.3B
| $126M | 0.09% |
1,440,561
-59,876
| -4% | -$5.24M |
|
202
Baxter International
BAX
$12.5B
| $126M | 0.09% |
2,949,612
-146,298
| -5% | -$6.25M |
|
203
Trane Technologies
TT
$92.1B
| $126M | 0.09% |
419,467
-9,726
| -2% | -$2.92M |
|
204
Eversource Energy
ES
$23.6B
| $126M | 0.09% |
2,101,499
-47,410
| -2% | -$2.83M |
|
205
US Bancorp
USB
$75.9B
| $126M | 0.09% |
2,809,173
-38,079
| -1% | -$1.7M |
|
206
Markel Group
MKL
$24.2B
| $124M | 0.09% |
81,532
-2,680
| -3% | -$4.08M |
|
207
Mercado Libre
MELI
$123B
| $123M | 0.09% |
81,500
-4,490
| -5% | -$6.79M |
|
208
Pinduoduo
PDD
$177B
| $122M | 0.09% |
1,050,396
-34,027
| -3% | -$3.96M |
|
209
CrowdStrike
CRWD
$105B
| $122M | 0.09% |
379,704
-10,827
| -3% | -$3.47M |
|
210
PACCAR
PCAR
$52B
| $122M | 0.09% |
981,663
-24,844
| -2% | -$3.08M |
|
211
Moderna
MRNA
$9.78B
| $120M | 0.08% |
1,129,939
+538,866
| +91% | +$57.4M |
|
212
HCA Healthcare
HCA
$98.5B
| $120M | 0.08% |
359,237
-15,967
| -4% | -$5.33M |
|
213
TransDigm Group
TDG
$71.6B
| $119M | 0.08% |
96,962
-1,112
| -1% | -$1.37M |
|
214
FirstEnergy
FE
$25.1B
| $118M | 0.08% |
3,064,833
| – | – |
|
215
KKR & Co
KKR
$121B
| $118M | 0.08% |
1,176,033
-26,808
| -2% | -$2.7M |
|
216
Freeport-McMoran
FCX
$66.5B
| $118M | 0.08% |
2,512,063
-41,597
| -2% | -$1.96M |
|
217
Cboe Global Markets
CBOE
$24.3B
| $118M | 0.08% |
642,061
-28,174
| -4% | -$5.18M |
|
218
Booz Allen Hamilton
BAH
$12.6B
| $116M | 0.08% |
784,274
-28,652
| -4% | -$4.25M |
|
219
PNC Financial Services
PNC
$80.5B
| $116M | 0.08% |
716,696
-13,841
| -2% | -$2.24M |
|
220
PPL Corp
PPL
$26.6B
| $116M | 0.08% |
4,199,086
-70,601
| -2% | -$1.94M |
|
221
Ameren
AEE
$27.2B
| $115M | 0.08% |
1,558,386
-71,255
| -4% | -$5.27M |
|
222
PG&E
PCG
$33.2B
| $114M | 0.08% |
6,822,555
+1,067,706
| +19% | +$17.9M |
|
223
Moody's
MCO
$89.5B
| $114M | 0.08% |
290,474
-5,935
| -2% | -$2.33M |
|
224
Clorox
CLX
$15.5B
| $112M | 0.08% |
733,791
-21,859
| -3% | -$3.35M |
|
225
Valero Energy
VLO
$48.7B
| $110M | 0.08% |
644,122
-13,242
| -2% | -$2.26M |
|