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 |
Alphabet (Google) Class A
GOOGL
|
$610M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$578M |
| 3 |
Synchrony
SYF
|
$161M |
| 4 |
Nike
NKE
|
$100M |
| 5 |
Hewlett Packard
HPE
|
$75.4M |
Top Sells
| 1 |
GE Aerospace
GE
|
$121M |
| 2 |
Apple
AAPL
|
$47.2M |
| 3 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
$44.7M |
| 4 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
$39.1M |
| 5 |
ALTR
ALTERA CORP
ALTR
|
$39M |
Sector Composition
| 1 | Financials | 16.32% |
| 2 | Healthcare | 14.37% |
| 3 | Technology | 14.08% |
| 4 | Industrials | 10.55% |
| 5 | Consumer Discretionary | 9.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Berkshire Hathaway Class B
BRK.B
$1.09T
| $412M | 0.65% |
3,121,600
+93,400
| +3% | +$12.3M |
|
27
Visa
V
$683B
| $411M | 0.65% |
5,295,916
+58,500
| +1% | +$4.54M |
|
28
Gilead Sciences
GILD
$140B
| $407M | 0.64% |
4,017,618
+49,200
| +1% | +$4.98M |
|
29
IBM
IBM
$227B
| $392M | 0.62% |
2,848,417
+22,500
| +0.8% | +$3.1M |
|
30
Cisco
CSCO
$274B
| $380M | 0.6% |
13,993,451
-59,700
| -0.4% | -$1.62M |
|
31
Amgen
AMGN
$155B
| $340M | 0.54% |
2,093,463
+400
| +0% | +$64.9K |
|
32
Oracle
ORCL
$635B
| $339M | 0.54% |
9,267,547
-86,533
| -0.9% | -$3.16M |
|
|
AGN
33
DELISTED
Allergan plc
AGN
| $329M | 0.52% |
1,054,216
+12,777
| +1% | +$3.99M |
|
34
UnitedHealth
UNH
$281B
| $322M | 0.51% |
2,740,314
-1,300
| -0% | -$153K |
|
35
McDonald's
MCD
$224B
| $314M | 0.5% |
2,654,820
+84,999
| +3% | +$10M |
|
36
Bristol-Myers Squibb
BMY
$96B
| $312M | 0.49% |
4,533,274
-3,400
| -0.1% | -$234K |
|
37
CVS Health
CVS
$92.8B
| $304M | 0.48% |
3,112,576
-25,900
| -0.8% | -$2.53M |
|
38
Apollo Global Management
APO
$77.9B
| $296M | 0.47% |
22,608,901
+9,700
| +0% | +$127K |
|
39
Medtronic
MDT
$119B
| $286M | 0.45% |
3,718,579
-105,800
| -3% | -$8.14M |
|
40
Walmart
WMT
$774B
| $271M | 0.43% |
4,413,875
-72,200
| -2% | -$4.43M |
|
41
3M
MMM
$82.8B
| $268M | 0.42% |
1,777,768
-6,600
| -0.4% | -$994K |
|
|
42
Berkshire Hathaway Class A
BRK.A
$1.09T
| $266M | 0.42% |
1,346
-42
| -3% | -$8.31M |
|
43
Boeing
BA
$177B
| $264M | 0.42% |
1,823,142
+7,800
| +0.4% | +$1.13M |
|
44
Mastercard
MA
$538B
| $261M | 0.41% |
2,685,360
+3,000
| +0.1% | +$292K |
|
45
AbbVie
ABBV
$372B
| $259M | 0.41% |
4,366,929
-29,700
| -0.7% | -$1.76M |
|
|
CELG
46
DELISTED
Celgene Corp
CELG
| $257M | 0.41% |
2,149,890
-13,600
| -0.6% | -$1.63M |
|
47
American International
AIG
$45.1B
| $248M | 0.39% |
4,008,956
-36,700
| -0.9% | -$2.27M |
|
48
Schlumberger
SLB
$55B
| $246M | 0.39% |
3,528,852
+7,100
| +0.2% | +$495K |
|
49
Eli Lilly
LLY
$657B
| $241M | 0.38% |
2,854,756
-10,200
| -0.4% | -$859K |
|
50
Starbucks
SBUX
$100B
| $239M | 0.38% |
3,982,692
+115,500
| +3% | +$6.93M |
|