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
|
$1.51B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$495M |
| 3 |
Union Pacific
UNP
|
$137M |
| 4 |
CELG
Celgene Corp
CELG
|
$116M |
| 5 |
Comcast
CMCSA
|
$73.1M |
Top Sells
| 1 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$67.3M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$65.9M |
| 3 |
Synovus
SNV
|
$55.9M |
| 4 |
Exxon Mobil
XOM
|
$36.8M |
| 5 |
WFT
Weatherford International plc
WFT
|
$36.7M |
Sector Composition
| 1 | Financials | 15.85% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 12.47% |
| 4 | Industrials | 10.95% |
| 5 | Energy | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Walt Disney
DIS
$213B
| $445M | 0.61% | 5,189,312 -149,331 | -3% | -$12.8M |
|
27
PepsiCo
PEP
$204B
| $429M | 0.58% | 4,796,578 -13,770 | -0.3% | -$1.23M |
|
28
Cisco
CSCO
$274B
| $426M | 0.58% | 17,147,008 -363,707 | -2% | -$9.04M |
|
29
Gilead Sciences
GILD
$140B
| $377M | 0.51% | 4,550,278 +927 | +0% | +$76.9K |
|
30
Home Depot
HD
$405B
| $376M | 0.51% | 4,648,115 -189,555 | -4% | -$15.3M |
|
31
Walmart
WMT
$774B
| $372M | 0.51% | 4,960,523 -51,200 | -1% | -$3.84M |
|
32
Meta Platforms (Facebook)
META
$1.86T
| $371M | 0.5% | 5,508,740 -154,909 | -3% | -$10.4M |
|
33
ConocoPhillips
COP
$124B
| $357M | 0.49% | 4,164,344 -39,938 | -0.9% | -$3.42M |
|
34
Amazon
AMZN
$2.44T
| $353M | 0.48% | 1,086,198 -2,256 | -0.2% | -$733K |
|
35
Visa
V
$683B
| $339M | 0.46% | 1,608,710 -16,717 | -1% | -$3.52M |
|
36
RTX Corp
RTX
$212B
| $338M | 0.46% | 2,931,868 +17,165 | +0.6% | +$1.98M |
|
37
Occidental Petroleum
OXY
$46.9B
| $313M | 0.43% | 3,054,075 -94,050 | -3% | -$9.65M |
|
38
CVS Health
CVS
$92.8B
| $311M | 0.42% | 4,121,897 -340,409 | -8% | -$25.7M |
|
39
UnitedHealth
UNH
$281B
| $297M | 0.4% | 3,630,307 +87,398 | +2% | +$7.14M |
|
40
McDonald's
MCD
$224B
| $296M | 0.4% | 2,936,580 -5,719 | -0.2% | -$576K |
|
41
American International
AIG
$45.1B
| $290M | 0.39% | 5,314,043 -240,387 | -4% | -$13.1M |
|
42
American Express
AXP
$231B
| $285M | 0.39% | 3,008,520 -52,480 | -2% | -$4.98M |
|
|
43
Union Pacific
UNP
$133B
| $284M | 0.39% | 2,846,562 +1,371,308 | +93% | +$137M |
|
44
Honeywell
HON
$139B
| $283M | 0.39% | 3,046,932 -170 | -0% | -$15.8K |
|
45
Boeing
BA
$177B
| $275M | 0.37% | 2,163,571 -30,723 | -1% | -$3.91M |
|
46
Berkshire Hathaway Class A
BRK.A
$1.09T
| $275M | 0.37% | 1,449 +18 | +1% | +$3.42M |
|
47
3M
MMM
$82.8B
| $273M | 0.37% | 1,905,588 +3,700 | +0.2% | +$530K |
|
48
Amgen
AMGN
$155B
| $266M | 0.36% | 2,250,572 -139,381 | -6% | -$16.5M |
|
49
AbbVie
ABBV
$372B
| $259M | 0.35% | 4,585,840 +205,472 | +5% | +$11.6M |
|
50
HP
HPQ
$26.7B
| $259M | 0.35% | 7,678,068 -118,682 | -2% | -$4M |
|