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 |
Bristol-Myers Squibb
BMY
|
$319M |
| 2 |
AbbVie
ABBV
|
$240M |
| 3 |
IBM
IBM
|
$102M |
| 4 |
Progressive
PGR
|
$97.4M |
| 5 |
Conagra Brands
CAG
|
$82.3M |
Top Sells
| 1 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Apple
AAPL
|
$367M |
| 4 |
Microsoft
MSFT
|
$324M |
| 5 |
Amazon
AMZN
|
$281M |
Sector Composition
| 1 | Technology | 23.74% |
| 2 | Healthcare | 15.08% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 8.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
AbbVie
ABBV
$372B
| $878M | 0.68% | 5,414,949 +1,480,867 | +38% | +$240M |
|
27
Home Depot
HD
$405B
| $873M | 0.68% | 2,915,719 -178,824 | -6% | -$53.5M |
|
|
28
Bristol-Myers Squibb
BMY
$96B
| $860M | 0.67% | 11,771,544 +4,367,193 | +59% | +$319M |
|
29
JPMorgan Chase
JPM
$829B
| $809M | 0.63% | 5,934,710 -388,407 | -6% | -$52.9M |
|
30
Oracle
ORCL
$635B
| $782M | 0.61% | 9,451,051 -444,477 | -4% | -$36.8M |
|
31
Danaher
DHR
$147B
| $728M | 0.57% | 2,483,243 -91,176 | -4% | -$26.7M |
|
32
Coca-Cola
KO
$297B
| $726M | 0.56% | 11,706,297 -589,837 | -5% | -$36.6M |
|
33
Exxon Mobil
XOM
$487B
| $713M | 0.55% | 8,636,893 -535,932 | -6% | -$44.3M |
|
34
AT&T
T
$209B
| $660M | 0.51% | 27,934,663 -451,755 | -2% | -$10.7M |
|
35
Chevron
CVX
$324B
| $652M | 0.51% | 4,005,858 -168,689 | -4% | -$27.5M |
|
36
Duke Energy
DUK
$95.3B
| $645M | 0.5% | 5,772,123 +23,484 | +0.4% | +$2.62M |
|
37
Marsh & McLennan
MMC
$101B
| $640M | 0.5% | 3,757,814 -66,287 | -2% | -$11.3M |
|
38
CME Group
CME
$96B
| $627M | 0.49% | 2,634,283 -54,722 | -2% | -$13M |
|
39
Mastercard
MA
$538B
| $623M | 0.48% | 1,743,564 -128,907 | -7% | -$46.1M |
|
40
Amgen
AMGN
$155B
| $618M | 0.48% | 2,553,560 -55,368 | -2% | -$13.4M |
|
41
Thermo Fisher Scientific
TMO
$186B
| $616M | 0.48% | 1,042,458 -42,899 | -4% | -$25.3M |
|
42
Bank of America
BAC
$376B
| $595M | 0.46% | 14,428,894 -1,035,750 | -7% | -$42.7M |
|
43
Comcast
CMCSA
$125B
| $581M | 0.45% | 12,411,406 -785,238 | -6% | -$36.8M |
|
44
T-Mobile US
TMUS
$284B
| $581M | 0.45% | 4,527,114 -89,618 | -2% | -$11.5M |
|
45
Texas Instruments
TXN
$184B
| $576M | 0.45% | 3,141,161 -137,433 | -4% | -$25.2M |
|
46
Southern Company
SO
$102B
| $574M | 0.45% | 7,914,172 -39,400 | -0.5% | -$2.86M |
|
47
Becton Dickinson
BDX
$55.3B
| $565M | 0.44% | 2,123,739 -12,895 | -0.6% | -$3.43M |
|
48
Abbott
ABT
$231B
| $562M | 0.44% | 4,751,130 -238,011 | -5% | -$28.2M |
|
49
Gilead Sciences
GILD
$140B
| $561M | 0.44% | 9,428,903 -125,099 | -1% | -$7.44M |
|
50
United Parcel Service
UPS
$74.1B
| $544M | 0.42% | 2,534,997 -78,077 | -3% | -$16.7M |
|