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 |
NVIDIA
NVDA
|
$6.83B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
$200M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Amphenol
APH
|
$163M |
| 5 |
Chipotle Mexican Grill
CMG
|
$151M |
Top Sells
| 1 |
Financial Select Sector SPDR Fund
XLF
|
$505M |
| 2 |
Costco
COST
|
$422M |
| 3 |
Home Depot
HD
|
$348M |
| 4 |
Bank of America
BAC
|
$259M |
| 5 |
PepsiCo
PEP
|
$247M |
Sector Composition
| 1 | Technology | 33.69% |
| 2 | Healthcare | 12.79% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 9.4% |
| 5 | Communication Services | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
DTE Energy
DTE
$28.2B
| $116M | 0.09% |
1,048,165
-180,946
| -15% | -$20.1M |
|
202
Broadridge
BR
$29.5B
| $115M | 0.08% |
586,227
-123,984
| -17% | -$24.4M |
|
203
CSX Corp
CSX
$60B
| $114M | 0.08% |
3,422,777
-65,895
| -2% | -$2.2M |
|
204
PG&E
PCG
$33.7B
| $114M | 0.08% |
6,550,148
-272,407
| -4% | -$4.76M |
|
205
Ecolab
ECL
$77.9B
| $113M | 0.08% |
476,155
+29,776
| +7% | +$7.09M |
|
206
Phillips 66
PSX
$54.1B
| $113M | 0.08% |
802,533
-39,917
| -5% | -$5.64M |
|
207
Apollo Global Management
APO
$77.7B
| $112M | 0.08% |
950,917
+22,727
| +2% | +$2.68M |
|
208
PNC Financial Services
PNC
$80.9B
| $112M | 0.08% |
717,249
+553
| +0.1% | +$86K |
|
209
HCA Healthcare
HCA
$95B
| $111M | 0.08% |
345,956
-13,281
| -4% | -$4.27M |
|
210
Constellation Energy
CEG
$96B
| $110M | 0.08% |
548,775
-24,083
| -4% | -$4.82M |
|
211
Entergy
ETR
$39B
| $109M | 0.08% |
1,021,106
-234,594
| -19% | -$25.1M |
|
212
PACCAR
PCAR
$51.9B
| $109M | 0.08% |
1,055,447
+73,784
| +8% | +$7.6M |
|
213
Emerson Electric
EMR
$73.9B
| $108M | 0.08% |
982,331
-683,724
| -41% | -$75.3M |
|
214
Cintas
CTAS
$82.8B
| $107M | 0.08% |
152,260
-5,034
| -3% | -$3.53M |
|
215
Bank of New York Mellon
BK
$73.8B
| $107M | 0.08% |
1,779,248
+352,197
| +25% | +$21.1M |
|
216
Williams Companies
WMB
$70.1B
| $106M | 0.08% |
2,494,068
+268,564
| +12% | +$11.4M |
|
217
Welltower
WELL
$112B
| $106M | 0.08% |
1,012,360
+30,769
| +3% | +$3.21M |
|
218
W.W. Grainger
GWW
$48.6B
| $105M | 0.08% |
116,455
-10,527
| -8% | -$9.5M |
|
219
PayPal
PYPL
$66.2B
| $104M | 0.08% |
1,799,847
-129,055
| -7% | -$7.49M |
|
220
FirstEnergy
FE
$25.1B
| $104M | 0.08% |
2,725,062
-339,771
| -11% | -$13M |
|
221
Markel Group
MKL
$24.6B
| $104M | 0.08% |
66,178
-15,354
| -19% | -$24.2M |
|
222
PTC
PTC
$25.5B
| $104M | 0.08% |
573,927
-100,215
| -15% | -$18.2M |
|
223
Tyler Technologies
TYL
$23.9B
| $104M | 0.08% |
206,212
-34,344
| -14% | -$17.3M |
|
224
Brown & Brown
BRO
$31.5B
| $103M | 0.08% |
1,155,471
-285,090
| -20% | -$25.5M |
|
225
Cboe Global Markets
CBOE
$24.3B
| $103M | 0.08% |
605,895
-36,166
| -6% | -$6.15M |
|