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 |
Chubb
CB
|
$44.4M |
| 2 |
Broadcom
AVGO
|
$40.5M |
| 3 |
Chevron
CVX
|
$28.4M |
| 4 |
Weyerhaeuser
WY
|
$27.2M |
| 5 |
Dentsply Sirona
XRAY
|
$21.1M |
Top Sells
| 1 |
CB
CHUBB CORPORATION
CB
|
$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
$37.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$35.7M |
Sector Composition
| 1 | Financials | 15.3% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 13.35% |
| 4 | Industrials | 10.85% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Merck
MRK
$210B
| $402M | 0.65% | 7,593,353 -237,700 | -3% | -$12.6M |
|
27
Visa
V
$683B
| $389M | 0.63% | 5,088,916 -207,000 | -4% | -$15.8M |
|
28
Cisco
CSCO
$274B
| $383M | 0.62% | 13,437,851 -555,600 | -4% | -$15.8M |
|
29
Oracle
ORCL
$635B
| $376M | 0.61% | 9,180,847 -86,700 | -0.9% | -$3.55M |
|
30
Citigroup
C
$178B
| $357M | 0.58% | 8,561,679 -188,900 | -2% | -$7.89M |
|
31
UnitedHealth
UNH
$281B
| $348M | 0.56% | 2,699,414 -40,900 | -1% | -$5.27M |
|
32
Gilead Sciences
GILD
$140B
| $346M | 0.56% | 3,768,718 -248,900 | -6% | -$22.9M |
|
33
McDonald's
MCD
$224B
| $336M | 0.54% | 2,670,420 +15,600 | +0.6% | +$1.96M |
|
34
CVS Health
CVS
$92.8B
| $318M | 0.51% | 3,068,076 -44,500 | -1% | -$4.62M |
|
35
Amgen
AMGN
$155B
| $314M | 0.51% | 2,094,563 +1,100 | +0.1% | +$165K |
|
36
3M
MMM
$82.8B
| $310M | 0.5% | 1,860,168 +82,400 | +5% | +$13.7M |
|
37
Walmart
WMT
$774B
| $302M | 0.49% | 4,407,475 -6,400 | -0.1% | -$438K |
|
38
Berkshire Hathaway Class A
BRK.A
$1.09T
| $302M | 0.49% | 1,413 +67 | +5% | +$14.3M |
|
39
Apollo Global Management
APO
$77.9B
| $282M | 0.45% | 22,603,201 -5,700 | -0% | -$71K |
|
40
Bristol-Myers Squibb
BMY
$96B
| $276M | 0.44% | 4,316,574 -216,700 | -5% | -$13.8M |
|
41
Medtronic
MDT
$119B
| $273M | 0.44% | 3,642,779 -75,800 | -2% | -$5.68M |
|
42
Schlumberger
SLB
$55B
| $267M | 0.43% | 3,626,652 +97,800 | +3% | +$7.21M |
|
|
AGN
43
DELISTED
Allergan plc
AGN
| $263M | 0.42% | 980,316 -73,900 | -7% | -$19.8M |
|
44
Mastercard
MA
$538B
| $252M | 0.41% | 2,666,560 -18,800 | -0.7% | -$1.78M |
|
45
Honeywell
HON
$139B
| $249M | 0.4% | 2,226,603 -76,300 | -3% | -$8.55M |
|
46
AbbVie
ABBV
$372B
| $242M | 0.39% | 4,238,229 -128,700 | -3% | -$7.35M |
|
47
Starbucks
SBUX
$100B
| $237M | 0.38% | 3,970,192 -12,500 | -0.3% | -$746K |
|
48
RTX Corp
RTX
$212B
| $225M | 0.36% | 2,251,325 -24,694 | -1% | -$2.47M |
|
49
Qualcomm
QCOM
$173B
| $215M | 0.35% | 4,194,544 -3,000 | -0.1% | -$153K |
|
50
Lowe's Companies
LOW
$145B
| $211M | 0.34% | 2,782,441 -50,000 | -2% | -$3.79M |
|