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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
Entergy
ETR
$39.3B
| $128M | 0.09% |
973,758
-47,348
| -5% | -$6.23M |
|
202
Bank of New York Mellon
BK
$74.5B
| $128M | 0.09% |
1,779,415
+167
| +0% | +$12K |
|
203
DTE Energy
DTE
$28.4B
| $127M | 0.09% |
989,809
-58,356
| -6% | -$7.49M |
|
204
Garmin
GRMN
$46.5B
| $126M | 0.09% |
716,146
-42,746
| -6% | -$7.52M |
|
205
Otis Worldwide
OTIS
$33.9B
| $126M | 0.09% |
1,211,529
+514,351
| +74% | +$53.5M |
|
206
Nasdaq
NDAQ
$54.4B
| $125M | 0.09% |
1,716,143
+44,558
| +3% | +$3.25M |
|
207
Willis Towers Watson
WTW
$31.9B
| $124M | 0.09% |
421,070
-30,994
| -7% | -$9.13M |
|
208
Palantir
PLTR
$372B
| $123M | 0.09% |
3,315,846
-39,331
| -1% | -$1.46M |
|
209
Freeport-McMoran
FCX
$63.7B
| $121M | 0.08% |
2,426,086
-34,268
| -1% | -$1.71M |
|
210
Boeing
BA
$177B
| $121M | 0.08% |
794,831
-11,371
| -1% | -$1.73M |
|
211
Old Dominion Freight Line
ODFL
$31.7B
| $121M | 0.08% |
606,805
+257,456
| +74% | +$51.1M |
|
212
NetApp
NTAP
$22.6B
| $120M | 0.08% |
974,027
-40,895
| -4% | -$5.05M |
|
213
GE Vernova
GEV
$167B
| $120M | 0.08% |
470,221
-8,667
| -2% | -$2.21M |
|
214
Cboe Global Markets
CBOE
$24.7B
| $119M | 0.08% |
578,855
-27,040
| -4% | -$5.54M |
|
215
Schlumberger
SLB
$55B
| $118M | 0.08% |
2,823,583
+188,934
| +7% | +$7.93M |
|
216
CSX Corp
CSX
$60.6B
| $118M | 0.08% |
3,405,321
-17,456
| -0.5% | -$603K |
|
217
W.W. Grainger
GWW
$48.5B
| $117M | 0.08% |
112,814
-3,641
| -3% | -$3.78M |
|
218
Church & Dwight Co
CHD
$22.7B
| $117M | 0.08% |
1,118,927
-63,907
| -5% | -$6.69M |
|
219
Broadridge
BR
$29.9B
| $116M | 0.08% |
538,608
-47,619
| -8% | -$10.2M |
|
220
Marathon Petroleum
MPC
$54.6B
| $115M | 0.08% |
708,030
+7,101
| +1% | +$1.16M |
|
221
Brown & Brown
BRO
$32B
| $115M | 0.08% |
1,109,878
-45,593
| -4% | -$4.72M |
|
222
Apollo Global Management
APO
$77.9B
| $114M | 0.08% |
914,290
-36,627
| -4% | -$4.58M |
|
223
Williams Companies
WMB
$70.7B
| $114M | 0.08% |
2,486,971
-7,097
| -0.3% | -$324K |
|
224
Carrier Global
CARR
$55.5B
| $114M | 0.08% |
1,410,131
-38,228
| -3% | -$3.08M |
|
225
Johnson Controls International
JCI
$69.9B
| $113M | 0.08% |
1,462,400
+197,936
| +16% | +$15.4M |
|