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
|
$394M |
| 2 |
Amazon
AMZN
|
$114M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
$99.1M |
| 4 |
Unilever
UL
|
$79.5M |
| 5 |
Intuitive Surgical
ISRG
|
$78.2M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$358M |
| 2 |
BCR
CR Bard Inc.
BCR
|
$61.1M |
| 3 |
Apple
AAPL
|
$37.6M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
$17.2M |
Sector Composition
| 1 | Financials | 17.93% |
| 2 | Technology | 15.61% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.75% |
| 5 | Consumer Discretionary | 10.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
PepsiCo
PEP
$204B
| $435M | 0.59% | 3,628,688 +85,979 | +2% | +$10.3M |
|
27
Boeing
BA
$177B
| $432M | 0.58% | 1,464,330 +46,943 | +3% | +$13.8M |
|
28
Walt Disney
DIS
$213B
| $429M | 0.58% | 3,986,014 -47,376 | -1% | -$5.09M |
|
29
Alibaba
BABA
$322B
| $424M | 0.57% | 2,461,220 +449,065 | +22% | +$77.4M |
|
30
Merck
MRK
$210B
| $415M | 0.56% | 7,378,184 +350,606 | +5% | +$19.7M |
|
31
AbbVie
ABBV
$372B
| $412M | 0.56% | 4,260,762 +134,106 | +3% | +$13M |
|
32
DuPont de Nemours
DD
$32.2B
| $407M | 0.55% | 5,711,578 +263,205 | +5% | +$18.7M |
|
33
GE Aerospace
GE
$292B
| $406M | 0.55% | 23,265,638 +1,528,265 | +7% | +$26.7M |
|
|
34
Alphabet (Google) Class C
GOOG
$2.58T
| $397M | 0.54% | 379,723 -342,601 | -47% | -$358M |
|
35
McDonald's
MCD
$224B
| $392M | 0.53% | 2,274,899 +101,109 | +5% | +$17.4M |
|
36
Walmart
WMT
$774B
| $391M | 0.53% | 3,960,211 +17,627 | +0.4% | +$1.74M |
|
37
IBM
IBM
$227B
| $370M | 0.5% | 2,409,145 -46,153 | -2% | -$7.08M |
|
38
3M
MMM
$82.8B
| $366M | 0.49% | 1,555,240 +22,971 | +1% | +$5.41M |
|
39
Oracle
ORCL
$635B
| $357M | 0.48% | 7,560,940 +311,874 | +4% | +$14.7M |
|
40
Mastercard
MA
$538B
| $356M | 0.48% | 2,353,636 +26,209 | +1% | +$3.97M |
|
41
Honeywell
HON
$139B
| $341M | 0.46% | 2,226,474 +74,590 | +3% | +$11.4M |
|
42
Berkshire Hathaway Class A
BRK.A
$1.09T
| $330M | 0.45% | 1,110 -8 | -0.7% | -$2.38M |
|
43
Amgen
AMGN
$155B
| $325M | 0.44% | 1,870,807 +69,858 | +4% | +$12.1M |
|
44
Union Pacific
UNP
$133B
| $288M | 0.39% | 2,144,229 +19,478 | +0.9% | +$2.61M |
|
45
Bristol-Myers Squibb
BMY
$96B
| $275M | 0.37% | 4,481,229 +405,700 | +10% | +$24.9M |
|
46
Medtronic
MDT
$119B
| $274M | 0.37% | 3,388,459 +36,432 | +1% | +$2.94M |
|
|
ATH
47
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $269M | 0.36% | 2,572,685 +35,113 | +1% | +$3.67M |
|
48
Texas Instruments
TXN
$184B
| $268M | 0.36% | 2,569,511 +49,783 | +2% | +$5.2M |
|
49
Accenture
ACN
$162B
| $256M | 0.35% | 1,675,018 +40,637 | +2% | +$6.22M |
|
50
RTX Corp
RTX
$212B
| $256M | 0.35% | 2,002,976 +46,577 | +2% | +$5.94M |
|