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 |
Coca-Cola
KO
|
$95.4M |
| 2 |
PepsiCo
PEP
|
$73.5M |
| 3 |
Accenture
ACN
|
$68.9M |
| 4 |
Lockheed Martin
LMT
|
$66.5M |
| 5 |
Simon Property Group
SPG
|
$53.6M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
$144M |
| 2 |
Apple
AAPL
|
$100M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$98.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$91.6M |
| 5 |
Meta Platforms (Facebook)
META
|
$65.5M |
Sector Composition
| 1 | Technology | 17.51% |
| 2 | Financials | 17.03% |
| 3 | Healthcare | 13.68% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
PepsiCo
PEP
$204B
| $524M | 0.68% |
4,684,685
+657,683
| +16% | +$73.5M |
|
27
Citigroup
C
$178B
| $453M | 0.58% |
6,310,644
-630,667
| -9% | -$45.2M |
|
|
ATH
28
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $426M | 0.55% |
8,562,943
+43,330
| +0.5% | +$2.15M |
|
29
Boeing
BA
$177B
| $422M | 0.54% |
1,133,571
-131,748
| -10% | -$49M |
|
30
McDonald's
MCD
$224B
| $398M | 0.51% |
2,379,970
+109,724
| +5% | +$18.4M |
|
31
Walmart
WMT
$774B
| $394M | 0.51% |
4,194,961
+220,373
| +6% | +$20.7M |
|
32
Oracle
ORCL
$635B
| $392M | 0.51% |
7,601,688
-77,433
| -1% | -$3.99M |
|
|
33
Accenture
ACN
$162B
| $387M | 0.5% |
2,275,415
+405,027
| +22% | +$68.9M |
|
34
Walt Disney
DIS
$213B
| $386M | 0.5% |
3,299,895
-67,361
| -2% | -$7.88M |
|
35
Comcast
CMCSA
$125B
| $386M | 0.5% |
10,890,045
-84,026
| -0.8% | -$2.98M |
|
36
IBM
IBM
$227B
| $356M | 0.46% |
2,353,153
-1,530
| -0.1% | -$231K |
|
37
Amgen
AMGN
$155B
| $344M | 0.44% |
1,660,997
-134,398
| -7% | -$27.9M |
|
38
Alibaba
BABA
$322B
| $336M | 0.43% |
2,041,773
-23,661
| -1% | -$3.9M |
|
39
Medtronic
MDT
$119B
| $335M | 0.43% |
3,406,695
+88,478
| +3% | +$8.7M |
|
|
40
Berkshire Hathaway Class A
BRK.A
$1.09T
| $327M | 0.42% |
1,022
-88
| -8% | -$28.2M |
|
41
NVIDIA
NVDA
$4.24T
| $326M | 0.42% |
1,161,064
-24,171
| -2% | -$6.79M |
|
|
42
Lockheed Martin
LMT
$106B
| $319M | 0.41% |
920,845
+192,283
| +26% | +$66.5M |
|
43
Honeywell
HON
$139B
| $318M | 0.41% |
1,913,114
+37,729
| +2% | +$6.28M |
|
44
RTX Corp
RTX
$212B
| $315M | 0.41% |
2,255,550
+124,800
| +6% | +$17.4M |
|
45
AbbVie
ABBV
$372B
| $304M | 0.39% |
3,219,146
-437,782
| -12% | -$41.4M |
|
46
NextEra Energy, Inc.
NEE
$148B
| $283M | 0.36% |
1,688,125
+289,658
| +21% | +$48.5M |
|
47
Netflix
NFLX
$513B
| $278M | 0.36% |
743,606
-20,018
| -3% | -$7.49M |
|
48
Union Pacific
UNP
$133B
| $278M | 0.36% |
1,707,206
-206,944
| -11% | -$33.7M |
|
49
TJX Companies
TJX
$152B
| $277M | 0.36% |
2,473,770
+396,797
| +19% | +$44.4M |
|
50
Texas Instruments
TXN
$184B
| $273M | 0.35% |
2,546,053
+24,181
| +1% | +$2.59M |
|