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 |
Apollo Global Management
APO
|
$635M |
| 2 |
Mastercard
MA
|
$222M |
| 3 |
Verizon
VZ
|
$198M |
| 4 |
EOG Resources
EOG
|
$105M |
| 5 |
Cognizant
CTSH
|
$51.3M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$55.6M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
$35.3M |
| 3 |
Vodafone
VOD
|
$32.6M |
| 4 |
Voya Financial
VOYA
|
$30.5M |
| 5 |
Walmart
WMT
|
$27.5M |
Sector Composition
| 1 | Financials | 16.29% |
| 2 | Technology | 13.77% |
| 3 | Healthcare | 12.54% |
| 4 | Industrials | 11.11% |
| 5 | Energy | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
PepsiCo
PEP
$204B
| $402M | 0.57% | 4,810,348 -74,342 | -2% | -$6.21M |
|
27
Intel
INTC
$107B
| $397M | 0.57% | 14,759,058 -328,500 | -2% | -$8.84M |
|
|
28
Walmart
WMT
$774B
| $392M | 0.56% | 5,011,723 -352,334 | -7% | -$27.5M |
|
29
Home Depot
HD
$405B
| $373M | 0.53% | 4,837,670 +26,302 | +0.5% | +$2.03M |
|
30
Amazon
AMZN
$2.44T
| $356M | 0.51% | 1,088,454 +39,380 | +4% | +$12.9M |
|
31
Comcast
CMCSA
$125B
| $341M | 0.49% | 6,976,656 +151,643 | +2% | +$7.41M |
|
32
RTX Corp
RTX
$212B
| $337M | 0.48% | 2,914,703 -27,345 | -0.9% | -$3.17M |
|
33
Meta Platforms (Facebook)
META
$1.86T
| $330M | 0.47% | 5,663,649 +701,699 | +14% | +$40.8M |
|
34
Visa
V
$683B
| $329M | 0.47% | 1,625,427 +82,634 | +5% | +$16.7M |
|
35
CVS Health
CVS
$92.8B
| $327M | 0.47% | 4,462,306 +107,841 | +2% | +$7.89M |
|
36
Gilead Sciences
GILD
$140B
| $319M | 0.46% | 4,549,351 +127,975 | +3% | +$8.96M |
|
37
Occidental Petroleum
OXY
$46.9B
| $299M | 0.43% | 3,148,125 +96,931 | +3% | +$9.2M |
|
38
ConocoPhillips
COP
$124B
| $295M | 0.42% | 4,204,282 +42,992 | +1% | +$3.01M |
|
39
McDonald's
MCD
$224B
| $289M | 0.41% | 2,942,299 -49,383 | -2% | -$4.84M |
|
40
UnitedHealth
UNH
$281B
| $286M | 0.41% | 3,542,909 -16,244 | -0.5% | -$1.31M |
|
41
Amgen
AMGN
$155B
| $282M | 0.4% | 2,389,953 +86,650 | +4% | +$10.2M |
|
42
Honeywell
HON
$139B
| $280M | 0.4% | 3,047,102 +133,696 | +5% | +$12.3M |
|
43
American International
AIG
$45.1B
| $278M | 0.4% | 5,554,430 +53,980 | +1% | +$2.7M |
|
|
44
SPDR S&P Emerging Markets Small Cap ETF
EWX
$718M
| $276M | 0.39% | 5,751,116 -1,158,751 | -17% | -$55.6M |
|
45
Union Pacific
UNP
$133B
| $273M | 0.39% | 1,475,254 +12,809 | +0.9% | +$2.37M |
|
46
Boeing
BA
$177B
| $272M | 0.39% | 2,194,294 -63,269 | -3% | -$7.85M |
|
47
American Express
AXP
$231B
| $265M | 0.38% | 3,061,000 +64,750 | +2% | +$5.6M |
|
48
Berkshire Hathaway Class A
BRK.A
$1.09T
| $264M | 0.38% | 1,431 -36 | -2% | -$6.65M |
|
49
Bristol-Myers Squibb
BMY
$96B
| $258M | 0.37% | 5,258,093 +307,590 | +6% | +$15.1M |
|
50
3M
MMM
$82.8B
| $256M | 0.37% | 1,901,888 -55,500 | -3% | -$7.48M |
|