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 |
AT&T
T
|
$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$146M |
| 3 |
PepsiCo
PEP
|
$65.1M |
| 4 |
Coca-Cola
KO
|
$62.7M |
| 5 |
Pfizer
PFE
|
$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
$178M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Microsoft
MSFT
|
$135M |
| 5 |
Amazon
AMZN
|
$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Coca-Cola
KO
$297B
| $443M | 0.61% |
10,107,565
+1,430,342
| +16% | +$62.7M |
|
|
27
PepsiCo
PEP
$204B
| $438M | 0.61% |
4,027,002
+598,362
| +17% | +$65.1M |
|
28
Boeing
BA
$177B
| $425M | 0.59% |
1,265,319
-109,924
| -8% | -$36.9M |
|
29
Alibaba
BABA
$322B
| $383M | 0.53% |
2,065,434
-75,037
| -4% | -$13.9M |
|
|
ATH
30
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $380M | 0.53% |
8,519,613
+10,744
| +0.1% | +$480K |
|
31
Comcast
CMCSA
$125B
| $360M | 0.5% |
10,974,071
-157,770
| -1% | -$5.18M |
|
32
McDonald's
MCD
$224B
| $356M | 0.49% |
2,270,246
+165,907
| +8% | +$26M |
|
33
Walt Disney
DIS
$213B
| $353M | 0.49% |
3,367,256
-334,883
| -9% | -$35.1M |
|
34
Walmart
WMT
$774B
| $340M | 0.47% |
3,974,588
+396,193
| +11% | +$33.9M |
|
35
AbbVie
ABBV
$372B
| $339M | 0.47% |
3,656,928
-322,324
| -8% | -$29.9M |
|
36
Oracle
ORCL
$635B
| $338M | 0.47% |
7,679,121
+454,853
| +6% | +$20M |
|
37
Amgen
AMGN
$155B
| $331M | 0.46% |
1,795,395
-147,315
| -8% | -$27.2M |
|
38
IBM
IBM
$227B
| $329M | 0.45% |
2,354,683
+57,470
| +3% | +$8.03M |
|
39
GE Aerospace
GE
$292B
| $317M | 0.44% |
23,325,609
-305,007
| -1% | -$4.15M |
|
40
Berkshire Hathaway Class A
BRK.A
$1.09T
| $313M | 0.43% |
1,110
-5
| -0.4% | -$1.41M |
|
41
Accenture
ACN
$162B
| $306M | 0.42% |
1,870,388
+311,561
| +20% | +$51M |
|
42
Netflix
NFLX
$513B
| $299M | 0.41% |
763,624
-67,146
| -8% | -$26.3M |
|
43
DuPont de Nemours
DD
$32.2B
| $293M | 0.41% |
4,449,272
-898,575
| -17% | -$59.2M |
|
44
Medtronic
MDT
$119B
| $284M | 0.39% |
3,318,217
+103,115
| +3% | +$8.83M |
|
45
3M
MMM
$82.8B
| $281M | 0.39% |
1,429,924
-30,360
| -2% | -$5.97M |
|
46
NVIDIA
NVDA
$4.24T
| $281M | 0.39% |
1,185,235
-117,180
| -9% | -$27.8M |
|
47
Texas Instruments
TXN
$184B
| $278M | 0.38% |
2,521,872
-41,889
| -2% | -$4.62M |
|
48
Union Pacific
UNP
$133B
| $271M | 0.37% |
1,914,150
-169,128
| -8% | -$24M |
|
49
Honeywell
HON
$139B
| $270M | 0.37% |
1,875,385
+70,341
| +4% | +$10.1M |
|
50
RTX Corp
RTX
$212B
| $266M | 0.37% |
2,130,750
+256,790
| +14% | +$32.1M |
|