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 |
Fortive
FTV
|
$29.3M |
| 2 |
Procter & Gamble
PG
|
$21.8M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
$21.3M |
| 4 |
Dell
DELL
|
$20.7M |
| 5 |
Marriott International Class A Common Stock
MAR
|
$20.7M |
Top Sells
| 1 |
EMC
EMC CORPORATION
EMC
|
$132M |
| 2 |
Apple
AAPL
|
$123M |
| 3 |
Exxon Mobil
XOM
|
$55.6M |
| 4 |
Herc Holdings
HRI
|
$54.3M |
| 5 |
JPMorgan Chase
JPM
|
$51M |
Sector Composition
| 1 | Financials | 15.67% |
| 2 | Technology | 14.76% |
| 3 | Healthcare | 13.19% |
| 4 | Industrials | 10.65% |
| 5 | Consumer Discretionary | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cisco
CSCO
$274B
| $396M | 0.65% | 12,472,851 -639,100 | -5% | -$20.3M |
|
27
Visa
V
$683B
| $385M | 0.63% | 4,655,986 -293,130 | -6% | -$24.2M |
|
28
Citigroup
C
$178B
| $368M | 0.61% | 7,799,179 -546,600 | -7% | -$25.8M |
|
29
Walt Disney
DIS
$213B
| $368M | 0.6% | 3,957,576 -386,400 | -9% | -$35.9M |
|
30
UnitedHealth
UNH
$281B
| $349M | 0.57% | 2,492,214 -136,000 | -5% | -$19M |
|
31
Apollo Global Management
APO
$77.9B
| $337M | 0.55% | 22,595,001 -5,300 | -0% | -$79K |
|
32
Oracle
ORCL
$635B
| $324M | 0.53% | 8,237,847 -458,800 | -5% | -$18M |
|
33
Walmart
WMT
$774B
| $307M | 0.5% | 4,257,775 -204,400 | -5% | -$14.7M |
|
34
Amgen
AMGN
$155B
| $297M | 0.49% | 1,780,663 -159,100 | -8% | -$26.5M |
|
35
3M
MMM
$82.8B
| $295M | 0.49% | 1,675,568 -92,000 | -5% | -$16.2M |
|
36
Medtronic
MDT
$119B
| $288M | 0.47% | 3,332,279 -205,600 | -6% | -$17.8M |
|
37
Schlumberger
SLB
$55B
| $281M | 0.46% | 3,567,364 -194,000 | -5% | -$15.3M |
|
38
McDonald's
MCD
$224B
| $279M | 0.46% | 2,420,220 -195,900 | -7% | -$22.6M |
|
39
Berkshire Hathaway Class A
BRK.A
$1.09T
| $277M | 0.46% | 1,282 | – | – |
|
40
Gilead Sciences
GILD
$140B
| $270M | 0.44% | 3,413,418 -231,100 | -6% | -$18.3M |
|
41
Qualcomm
QCOM
$173B
| $260M | 0.43% | 3,789,844 -327,100 | -8% | -$22.4M |
|
42
AbbVie
ABBV
$372B
| $255M | 0.42% | 4,047,129 -434,400 | -10% | -$27.4M |
|
43
Mastercard
MA
$538B
| $244M | 0.4% | 2,402,360 -190,100 | -7% | -$19.3M |
|
44
Honeywell
HON
$139B
| $243M | 0.4% | 2,085,103 -96,000 | -4% | -$11.2M |
|
45
CVS Health
CVS
$92.8B
| $243M | 0.4% | 2,725,576 -180,600 | -6% | -$16.1M |
|
46
Alibaba
BABA
$322B
| $242M | 0.4% | 2,283,060 -109,500 | -5% | -$11.6M |
|
47
Bristol-Myers Squibb
BMY
$96B
| $212M | 0.35% | 3,929,974 -384,200 | -9% | -$20.7M |
|
48
Union Pacific
UNP
$133B
| $212M | 0.35% | 2,169,230 -99,000 | -4% | -$9.66M |
|
49
RTX Corp
RTX
$212B
| $210M | 0.34% | 2,063,725 -77,200 | -4% | -$7.84M |
|
50
US Bancorp
USB
$76B
| $208M | 0.34% | 4,853,369 -242,000 | -5% | -$10.4M |
|