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 |
DuPont de Nemours
DD
|
$176M |
| 2 |
Microsoft
MSFT
|
$97.3M |
| 3 |
Apple
AAPL
|
$66.4M |
| 4 |
Meta Platforms (Facebook)
META
|
$61.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$59.5M |
Top Sells
| 1 |
DD
Du Pont De Nemours E I
DD
|
$173M |
| 2 |
BHI
Baker Hughes
BHI
|
$56.5M |
| 3 |
FTR
Frontier Communications Corp.
FTR
|
$48M |
| 4 |
Synchrony
SYF
|
$40.3M |
| 5 |
Tidewater
TDW
|
$39.5M |
Sector Composition
| 1 | Financials | 17.96% |
| 2 | Technology | 15.59% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.93% |
| 5 | Consumer Discretionary | 9.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Comcast
CMCSA
$125B
| $435M | 0.65% | 11,295,386 +298,658 | +3% | +$11.5M |
|
27
Coca-Cola
KO
$297B
| $414M | 0.62% | 9,196,883 +254,271 | +3% | +$11.4M |
|
28
Cisco
CSCO
$274B
| $408M | 0.61% | 12,145,347 +492,396 | +4% | +$16.6M |
|
29
Walt Disney
DIS
$213B
| $398M | 0.59% | 4,033,390 +203,878 | +5% | +$20.1M |
|
30
PepsiCo
PEP
$204B
| $395M | 0.59% | 3,542,709 +100,104 | +3% | +$11.2M |
|
|
31
DuPont de Nemours
DD
$32.2B
| $377M | 0.56% | 5,448,373 +2,542,383 | +87% | +$176M |
|
32
AbbVie
ABBV
$372B
| $367M | 0.54% | 4,126,656 +177,027 | +4% | +$15.7M |
|
33
Boeing
BA
$177B
| $360M | 0.54% | 1,417,387 +17,162 | +1% | +$4.36M |
|
34
IBM
IBM
$227B
| $356M | 0.53% | 2,455,298 +53,281 | +2% | +$7.73M |
|
35
Oracle
ORCL
$635B
| $350M | 0.52% | 7,249,066 +473,219 | +7% | +$22.9M |
|
36
Alibaba
BABA
$322B
| $348M | 0.52% | 2,012,155 -223,805 | -10% | -$38.7M |
|
37
McDonald's
MCD
$224B
| $341M | 0.51% | 2,173,790 +85,970 | +4% | +$13.5M |
|
38
Amgen
AMGN
$155B
| $336M | 0.5% | 1,800,949 +42,285 | +2% | +$7.88M |
|
39
Mastercard
MA
$538B
| $329M | 0.49% | 2,327,427 +101,727 | +5% | +$14.4M |
|
40
3M
MMM
$82.8B
| $322M | 0.48% | 1,532,269 +66,184 | +5% | +$13.9M |
|
41
Walmart
WMT
$774B
| $308M | 0.46% | 3,942,584 -48,691 | -1% | -$3.8M |
|
42
Berkshire Hathaway Class A
BRK.A
$1.09T
| $307M | 0.46% | 1,118 +9 | +0.8% | +$2.47M |
|
43
Honeywell
HON
$139B
| $305M | 0.45% | 2,151,884 +117,480 | +6% | +$16.7M |
|
|
CELG
44
DELISTED
Celgene Corp
CELG
| $278M | 0.41% | 1,905,148 +38,948 | +2% | +$5.68M |
|
45
Gilead Sciences
GILD
$140B
| $265M | 0.39% | 3,273,762 -213,784 | -6% | -$17.3M |
|
46
Medtronic
MDT
$119B
| $261M | 0.39% | 3,352,027 +209,148 | +7% | +$16.3M |
|
47
Bristol-Myers Squibb
BMY
$96B
| $260M | 0.39% | 4,075,529 +169,355 | +4% | +$10.8M |
|
48
Union Pacific
UNP
$133B
| $246M | 0.37% | 2,124,751 +116,321 | +6% | +$13.5M |
|
49
US Bancorp
USB
$76B
| $241M | 0.36% | 4,488,394 -5,224 | -0.1% | -$280K |
|
50
RTX Corp
RTX
$212B
| $227M | 0.34% | 1,956,399 +60,774 | +3% | +$7.05M |
|