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 |
Kraft Heinz
KHC
|
$103M |
| 2 |
NETSCOUT
NTCT
|
$102M |
| 3 |
PayPal
PYPL
|
$87.9M |
| 4 |
Netflix
NFLX
|
$87.2M |
| 5 |
AT&T
T
|
$53.9M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
$129M |
| 4 |
Apple
AAPL
|
$56.2M |
| 5 |
Danaher
DHR
|
$50.5M |
Sector Composition
| 1 | Financials | 16.47% |
| 2 | Technology | 14.3% |
| 3 | Healthcare | 14.2% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Merck
MRK
$210B
| $385M | 0.65% | 7,797,354 -216,199 | -3% | -$10.7M |
|
27
Cisco
CSCO
$274B
| $369M | 0.63% | 14,053,151 -386,900 | -3% | -$10.2M |
|
28
Visa
V
$683B
| $365M | 0.62% | 5,237,416 -287,900 | -5% | -$20.1M |
|
29
Oracle
ORCL
$635B
| $338M | 0.57% | 9,354,080 -261,500 | -3% | -$9.45M |
|
30
UnitedHealth
UNH
$281B
| $318M | 0.54% | 2,741,614 -74,700 | -3% | -$8.67M |
|
31
Apollo Global Management
APO
$77.9B
| $311M | 0.53% | 22,599,201 -3,400 | -0% | -$46.8K |
|
32
CVS Health
CVS
$92.8B
| $303M | 0.51% | 3,138,476 -105,200 | -3% | -$10.1M |
|
33
Walmart
WMT
$774B
| $291M | 0.49% | 4,486,075 -153,400 | -3% | -$9.95M |
|
34
Amgen
AMGN
$155B
| $290M | 0.49% | 2,093,063 -1,100 | -0.1% | -$152K |
|
|
AGN
35
DELISTED
Allergan plc
AGN
| $283M | 0.48% | 1,041,439 -40,756 | -4% | -$11.1M |
|
36
Berkshire Hathaway Class A
BRK.A
$1.09T
| $271M | 0.46% | 1,388 -35 | -2% | -$6.83M |
|
37
Bristol-Myers Squibb
BMY
$96B
| $269M | 0.46% | 4,536,674 -170,500 | -4% | -$10.1M |
|
38
Medtronic
MDT
$119B
| $256M | 0.43% | 3,824,379 -123,960 | -3% | -$8.3M |
|
39
McDonald's
MCD
$224B
| $253M | 0.43% | 2,569,821 -53,199 | -2% | -$5.24M |
|
40
3M
MMM
$82.8B
| $253M | 0.43% | 1,784,368 -80,400 | -4% | -$11.4M |
|
41
Schlumberger
SLB
$55B
| $243M | 0.41% | 3,521,752 -87,900 | -2% | -$6.06M |
|
42
Mastercard
MA
$538B
| $242M | 0.41% | 2,682,360 -69,300 | -3% | -$6.25M |
|
43
Eli Lilly
LLY
$657B
| $240M | 0.41% | 2,864,956 -100,900 | -3% | -$8.44M |
|
44
AbbVie
ABBV
$372B
| $239M | 0.41% | 4,396,629 -115,100 | -3% | -$6.26M |
|
45
Boeing
BA
$177B
| $238M | 0.4% | 1,815,342 -54,600 | -3% | -$7.15M |
|
|
CELG
46
DELISTED
Celgene Corp
CELG
| $234M | 0.4% | 2,163,490 -300 | -0% | -$32.5K |
|
47
American International
AIG
$45.1B
| $230M | 0.39% | 4,045,656 -30,300 | -0.7% | -$1.72M |
|
48
Qualcomm
QCOM
$173B
| $223M | 0.38% | 4,152,744 -391,300 | -9% | -$21M |
|
49
Starbucks
SBUX
$100B
| $220M | 0.37% | 3,867,192 -170,100 | -4% | -$9.67M |
|
50
Honeywell
HON
$139B
| $218M | 0.37% | 2,307,503 -51,800 | -2% | -$4.9M |
|