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 | +$2.23B | |
| 2 | +$2.02B | |
| 3 | +$1.33B | |
| 4 |
NVIDIA
NVDA
|
+$985M |
| 5 |
Amazon
AMZN
|
+$539M |
Top Sells
| 1 | +$506M | |
| 2 | +$293M | |
| 3 | +$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 | 8.88% |
| 4 | Communication Services | 8.71% |
| 5 | Consumer Discretionary | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cisco
CSCO
$271B
| $845M | 0.54% |
12,179,254
-1,311,877
|
|
||
27
Bank of America
BAC
$371B
| $822M | 0.52% |
17,362,631
+997,323
|
|
||
|
28
Home Depot
HD
$386B
| $787M | 0.5% |
2,146,896
-719,898
|
|
||
29
Coca-Cola
KO
$291B
| $785M | 0.5% |
11,097,316
-898,730
|
|
||
30
PepsiCo
PEP
$207B
| $725M | 0.46% |
5,490,959
-1,664,276
|
|
||
31
McDonald's
MCD
$217B
| $724M | 0.46% |
2,477,259
-978,802
|
|
||
32
Intuit
INTU
$183B
| $678M | 0.43% |
860,698
+63,660
|
|
||
33
UnitedHealth
UNH
$326B
| $675M | 0.43% |
2,162,250
-373,367
|
|
||
34
Accenture
ACN
$151B
| $663M | 0.42% |
2,219,023
+595,970
|
|
||
35
Amgen
AMGN
$158B
| $641M | 0.41% |
2,295,184
-9,206
|
|
||
36
Abbott
ABT
$232B
| $627M | 0.4% |
4,612,836
-1,224,614
|
|
||
37
Merck
MRK
$212B
| $608M | 0.39% |
7,677,010
-615,782
|
|
||
38
Oracle
ORCL
$852B
| $605M | 0.39% |
2,767,791
+244,947
|
|
||
39
AT&T
T
$187B
| $575M | 0.37% |
19,859,521
-2,330,877
|
|
||
40
Progressive
PGR
$141B
| $568M | 0.36% |
2,129,776
-311,864
|
|
||
41
RTX Corp
RTX
$213B
| $549M | 0.35% |
3,762,290
+327,213
|
|
||
42
Salesforce
CRM
$228B
| $539M | 0.34% |
1,977,891
+197,065
|
|
||
43
NextEra Energy
NEE
$174B
| $499M | 0.32% |
7,188,654
-969,329
|
|
||
44
Wells Fargo
WFC
$271B
| $496M | 0.32% |
6,196,782
-355,346
|
|
||
|
45
Berkshire Hathaway Class A
BRK.A
$1.07T
| $496M | 0.32% |
681
-22
|
|
||
46
Texas Instruments
TXN
$158B
| $495M | 0.32% |
2,384,966
-1,413,466
|
|
||
47
GE Aerospace
GE
$318B
| $492M | 0.31% |
1,909,722
+68,161
|
|
||
48
Palantir
PLTR
$426B
| $490M | 0.31% |
3,594,493
+310,428
|
|
||
49
Qualcomm
QCOM
$175B
| $472M | 0.3% |
2,961,706
-132,997
|
|
||
50
Gilead Sciences
GILD
$147B
| $463M | 0.29% |
4,175,572
-512,416
|
|