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
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Texas Instruments
TXN
|
$102M |
| 5 |
Costco
COST
|
$96.9M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
201
PNC Financial Services
PNC
$81.7B
| $129M | 0.09% |
668,009
-42,501
| -6% | -$8.2M |
|
202
Illinois Tool Works
ITW
$77.4B
| $124M | 0.08% |
488,445
-32,796
| -6% | -$8.32M |
|
203
CrowdStrike
CRWD
$104B
| $123M | 0.08% |
360,277
-24,028
| -6% | -$8.22M |
|
204
Cheniere Energy
LNG
$52.1B
| $123M | 0.08% |
572,889
-4,597
| -0.8% | -$988K |
|
|
DFS
205
DELISTED
Discover Financial Services
DFS
| $121M | 0.08% |
697,169
+206,348
| +42% | +$35.7M |
|
206
Bank of New York Mellon
BK
$74.4B
| $121M | 0.08% |
1,570,863
-208,552
| -12% | -$16M |
|
207
Broadridge
BR
$29.5B
| $120M | 0.08% |
531,647
-6,961
| -1% | -$1.57M |
|
208
DTE Energy
DTE
$28.3B
| $119M | 0.08% |
985,661
-4,148
| -0.4% | -$501K |
|
209
Sherwin-Williams
SHW
$91.2B
| $119M | 0.08% |
349,796
-100,951
| -22% | -$34.3M |
|
210
American Water Works
AWK
$27.6B
| $117M | 0.08% |
943,028
-4,338
| -0.5% | -$540K |
|
211
W.W. Grainger
GWW
$49.2B
| $117M | 0.08% |
110,711
-2,103
| -2% | -$2.22M |
|
212
Church & Dwight Co
CHD
$23.2B
| $116M | 0.08% |
1,108,073
-10,854
| -1% | -$1.14M |
|
213
CVS Health
CVS
$93.5B
| $114M | 0.08% |
2,536,676
-130,648
| -5% | -$5.86M |
|
214
TransDigm Group
TDG
$72.2B
| $114M | 0.08% |
89,692
-4,615
| -5% | -$5.85M |
|
215
Emerson Electric
EMR
$74.9B
| $113M | 0.08% |
915,828
-63,721
| -7% | -$7.9M |
|
216
Hershey
HSY
$37.6B
| $113M | 0.08% |
668,195
-12,018
| -2% | -$2.04M |
|
217
Brown & Brown
BRO
$31.5B
| $113M | 0.08% |
1,102,970
-6,908
| -0.6% | -$705K |
|
218
Spotify
SPOT
$145B
| $112M | 0.07% |
249,982
-14,613
| -6% | -$6.54M |
|
219
Constellation Energy
CEG
$96.6B
| $112M | 0.07% |
499,863
-32,362
| -6% | -$7.24M |
|
220
Cboe Global Markets
CBOE
$24.5B
| $112M | 0.07% |
571,045
-7,810
| -1% | -$1.53M |
|
221
Johnson Controls International
JCI
$70.1B
| $111M | 0.07% |
1,407,496
-54,904
| -4% | -$4.33M |
|
222
PPL Corp
PPL
$27B
| $111M | 0.07% |
3,406,042
+41,087
| +1% | +$1.33M |
|
223
Tyler Technologies
TYL
$24B
| $110M | 0.07% |
191,494
-2,334
| -1% | -$1.35M |
|
224
NetApp
NTAP
$23.7B
| $110M | 0.07% |
950,459
-23,568
| -2% | -$2.74M |
|
225
Ameren
AEE
$27.3B
| $110M | 0.07% |
1,231,579
-5,540
| -0.4% | -$494K |
|