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 |
Apple
AAPL
|
$204M |
| 2 |
Exxon Mobil
XOM
|
$181M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$158M |
| 4 |
Microsoft
MSFT
|
$144M |
| 5 |
Wells Fargo
WFC
|
$129M |
Top Sells
| 1 |
DELL
DELL INC
DELL
|
$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
$50M |
| 3 |
NYX
NYSE EURONEXT INC
NYX
|
$31.4M |
| 4 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$31.4M |
| 5 |
Perrigo
PRGO
|
$28.7M |
Sector Composition
| 1 | Financials | 15.94% |
| 2 | Technology | 13.6% |
| 3 | Healthcare | 12.04% |
| 4 | Industrials | 11.44% |
| 5 | Energy | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Home Depot
HD
$405B
| $392M | 0.57% | 4,811,368 +878,735 | +22% | +$71.7M |
|
27
Walt Disney
DIS
$213B
| $388M | 0.56% | 5,199,694 +458,979 | +10% | +$34.2M |
|
28
Intel
INTC
$107B
| $388M | 0.56% | 15,087,558 +494,156 | +3% | +$12.7M |
|
29
Cisco
CSCO
$274B
| $386M | 0.56% | 17,704,146 +3,303,532 | +23% | +$72M |
|
30
Comcast
CMCSA
$125B
| $352M | 0.51% | 6,825,013 +1,194,619 | +21% | +$61.5M |
|
31
Visa
V
$683B
| $340M | 0.49% | 1,542,793 +224,164 | +17% | +$49.4M |
|
32
Gilead Sciences
GILD
$140B
| $332M | 0.48% | 4,421,376 +591,368 | +15% | +$44.5M |
|
33
RTX Corp
RTX
$212B
| $332M | 0.48% | 2,942,048 +414,381 | +16% | +$46.7M |
|
|
34
SPDR S&P Emerging Markets Small Cap ETF
EWX
$718M
| $313M | 0.45% | 6,909,867 -694,243 | -9% | -$31.4M |
|
35
Boeing
BA
$177B
| $312M | 0.45% | 2,257,563 +330,474 | +17% | +$45.7M |
|
36
CVS Health
CVS
$92.8B
| $310M | 0.45% | 4,354,465 +976,389 | +29% | +$69.6M |
|
37
ConocoPhillips
COP
$124B
| $292M | 0.42% | 4,161,290 +253,792 | +6% | +$17.8M |
|
38
McDonald's
MCD
$224B
| $290M | 0.42% | 2,991,682 +238,088 | +9% | +$23.1M |
|
39
Occidental Petroleum
OXY
$46.9B
| $287M | 0.42% | 3,051,194 +789,684 | +35% | +$74.3M |
|
40
Meta Platforms (Facebook)
META
$1.86T
| $286M | 0.42% | 4,961,950 +751,050 | +18% | +$43.4M |
|
41
American International
AIG
$45.1B
| $281M | 0.41% | 5,500,450 +1,299,855 | +31% | +$66.3M |
|
42
3M
MMM
$82.8B
| $271M | 0.39% | 1,957,388 +45,112 | +2% | +$6.24M |
|
43
Goldman Sachs
GS
$226B
| $267M | 0.39% | 1,512,885 +255,353 | +20% | +$45.1M |
|
44
American Express
AXP
$231B
| $267M | 0.39% | 2,996,250 +366,663 | +14% | +$32.6M |
|
45
UnitedHealth
UNH
$281B
| $266M | 0.39% | 3,559,153 +725,996 | +26% | +$54.3M |
|
46
Mastercard
MA
$538B
| $266M | 0.39% | 323,236 +48,410 | +18% | +$39.8M |
|
47
Honeywell
HON
$139B
| $265M | 0.38% | 2,913,406 +787,385 | +37% | +$71.7M |
|
48
Bristol-Myers Squibb
BMY
$96B
| $265M | 0.38% | 4,950,503 +459,943 | +10% | +$24.7M |
|
49
Amgen
AMGN
$155B
| $263M | 0.38% | 2,303,303 +328,272 | +17% | +$37.5M |
|
50
Berkshire Hathaway Class A
BRK.A
$1.09T
| $260M | 0.38% | 1,467 +40 | +3% | +$7.08M |
|