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 |
Microsoft
MSFT
|
$555M |
| 2 |
Apple
AAPL
|
$534M |
| 3 |
Amazon
AMZN
|
$381M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$268M |
| 5 |
Alibaba
BABA
|
$235M |
Top Sells
| 1 |
TSS
Total System Services, Inc.
TSS
|
$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
$145M |
| 3 |
Becton Dickinson
BDX
|
$103M |
| 4 |
HCA Healthcare
HCA
|
$84.7M |
| 5 |
Pfizer
PFE
|
$82.6M |
Sector Composition
| 1 | Technology | 16.85% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 12.4% |
| 4 | Consumer Discretionary | 9.8% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Walt Disney
DIS
$213B
| $644M | 0.64% | 4,939,725 +735,936 | +18% | +$95.9M |
|
27
Intel
INTC
$107B
| $629M | 0.62% | 12,201,573 +2,055,130 | +20% | +$106M |
|
28
Chubb
CB
$110B
| $599M | 0.6% | 3,710,833 +362,956 | +11% | +$58.6M |
|
29
Comcast
CMCSA
$125B
| $595M | 0.59% | 13,191,720 +2,430,859 | +23% | +$110M |
|
30
Bank of America
BAC
$376B
| $578M | 0.57% | 19,822,621 +4,055,592 | +26% | +$118M |
|
31
Duke Energy
DUK
$95.3B
| $558M | 0.55% | 5,820,070 +552,223 | +10% | +$52.9M |
|
32
Medtronic
MDT
$119B
| $557M | 0.55% | 5,125,054 +545,367 | +12% | +$59.2M |
|
33
Mastercard
MA
$538B
| $552M | 0.55% | 2,030,927 +465,173 | +30% | +$126M |
|
|
34
Alphabet (Google) Class C
GOOG
$2.58T
| $551M | 0.55% | 452,151 +113,206 | +33% | +$138M |
|
35
American Tower
AMT
$95.5B
| $523M | 0.52% | 2,363,687 +301,757 | +15% | +$66.7M |
|
36
Southern Company
SO
$102B
| $509M | 0.51% | 8,235,784 +621,703 | +8% | +$38.4M |
|
37
TJX Companies
TJX
$152B
| $500M | 0.5% | 8,974,175 -717,634 | -7% | -$40M |
|
38
Wells Fargo
WFC
$263B
| $483M | 0.48% | 9,574,833 +1,936,599 | +25% | +$97.7M |
|
|
39
Alibaba
BABA
$322B
| $473M | 0.47% | 2,826,308 +1,407,602 | +99% | +$235M |
|
40
Crown Castle
CCI
$43.2B
| $465M | 0.46% | 3,346,532 +329,577 | +11% | +$45.8M |
|
41
Lockheed Martin
LMT
$106B
| $459M | 0.46% | 1,175,837 +151,338 | +15% | +$59M |
|
42
Eli Lilly
LLY
$657B
| $458M | 0.46% | 4,096,921 +474,687 | +13% | +$53.1M |
|
43
Boeing
BA
$177B
| $455M | 0.45% | 1,195,419 +195,244 | +20% | +$74.3M |
|
44
Oracle
ORCL
$635B
| $449M | 0.45% | 8,151,315 +984,173 | +14% | +$54.2M |
|
45
Fidelity National Information Services
FIS
$36.5B
| $448M | 0.45% | 3,378,124 +819,159 | +32% | +$109M |
|
46
Texas Instruments
TXN
$184B
| $438M | 0.43% | 3,386,148 +419,738 | +14% | +$54.2M |
|
47
Marsh & McLennan
MMC
$101B
| $416M | 0.41% | 4,162,674 +293,879 | +8% | +$29.4M |
|
48
IBM
IBM
$227B
| $414M | 0.41% | 2,846,234 +471,886 | +20% | +$68.6M |
|
49
Ecolab
ECL
$78.6B
| $411M | 0.41% | 2,073,462 +150,379 | +8% | +$29.8M |
|
50
CME Group
CME
$96B
| $410M | 0.41% | 1,940,906 +200,245 | +12% | +$42.3M |
|