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
|
$2.23B |
| 2 |
JPHY
JPMorgan Active High Yield ETF
JPHY
|
$2.02B |
| 3 |
Microsoft
MSFT
|
$1.33B |
| 4 |
NVIDIA
NVDA
|
$985M |
| 5 |
Amazon
AMZN
|
$539M |
Top Sells
| 1 |
Broadcom
AVGO
|
$506M |
| 2 |
Texas Instruments
TXN
|
$293M |
| 3 |
McDonald's
MCD
|
$286M |
| 4 |
Home Depot
HD
|
$264M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
$247M |
Sector Composition
| 1 | Technology | 31.86% |
| 2 | Financials | 11.82% |
| 3 | Healthcare | 8.87% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard S&P 500 ETF
VOO
$726B
| $14.7B | 9.37% | 25,883,852 +3,931,698 | +18% | +$2.23B |
|
|
2
Microsoft
MSFT
$3.77T
| $10.8B | 6.91% | 21,807,466 +2,670,474 | +14% | +$1.33B |
|
|
3
NVIDIA
NVDA
$4.25T
| $10.2B | 6.51% | 64,728,856 +6,235,074 | +11% | +$985M |
|
4
Apple
AAPL
$3.45T
| $7.52B | 4.79% | 36,643,039 +1,984,053 | +6% | +$407M |
|
|
5
Amazon
AMZN
$2.44T
| $4.06B | 2.59% | 18,504,621 +2,456,314 | +15% | +$539M |
|
6
Meta Platforms (Facebook)
META
$1.86T
| $3.99B | 2.54% | 5,400,812 -115,959 | -2% | -$85.6M |
|
|
7
Broadcom
AVGO
$1.4T
| $3.08B | 1.96% | 11,177,064 -1,837,027 | -14% | -$506M |
|
8
Alphabet (Google) Class A
GOOGL
$2.57T
| $2.57B | 1.64% | 14,595,659 +1,339,480 | +10% | +$236M |
|
|
9
Alphabet (Google) Class C
GOOG
$2.58T
| $2.11B | 1.35% | 11,921,441 +570,600 | +5% | +$101M |
|
|
10
Berkshire Hathaway Class B
BRK.B
$1.09T
| $2.07B | 1.32% | 4,265,498 -509,214 | -11% | -$247M |
|
|
JPHY
11
JPMorgan Active High Yield ETF
JPHY
$2.08B
| $2.02B | 1.29% | +39,896,037 | New | +$2.02B |
|
12
Tesla
TSLA
$1.08T
| $1.61B | 1.03% | 5,068,746 +361,135 | +8% | +$115M |
|
13
JPMorgan Chase
JPM
$829B
| $1.6B | 1.02% | 5,532,836 -405,978 | -7% | -$118M |
|
14
Eli Lilly
LLY
$657B
| $1.57B | 1% | 2,009,974 +281,862 | +16% | +$220M |
|
15
Visa
V
$683B
| $1.28B | 0.81% | 3,592,450 -103,813 | -3% | -$36.9M |
|
16
Johnson & Johnson
JNJ
$427B
| $1.17B | 0.74% | 7,643,947 -1,095,480 | -13% | -$167M |
|
17
IBM
IBM
$227B
| $1.1B | 0.7% | 3,735,746 -502,469 | -12% | -$148M |
|
18
Procter & Gamble
PG
$368B
| $1.09B | 0.7% | 6,866,790 -1,276,570 | -16% | -$203M |
|
19
Walmart
WMT
$774B
| $1.08B | 0.69% | 11,048,690 -1,374,312 | -11% | -$134M |
|
20
Mastercard
MA
$538B
| $1.04B | 0.66% | 1,850,799 -42,945 | -2% | -$24.1M |
|
21
Netflix
NFLX
$513B
| $1.03B | 0.65% | 766,778 +34,627 | +5% | +$46.4M |
|
22
Costco
COST
$418B
| $1.01B | 0.65% | 1,024,630 -223,689 | -18% | -$221M |
|
23
Verizon
VZ
$186B
| $916M | 0.58% | 21,159,040 +3,743,892 | +21% | +$162M |
|
24
AbbVie
ABBV
$372B
| $908M | 0.58% | 4,890,752 -778,732 | -14% | -$145M |
|
25
Exxon Mobil
XOM
$487B
| $861M | 0.55% | 7,983,097 -106,263 | -1% | -$11.5M |
|