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 |
Amazon
AMZN
|
$1.88B |
| 2 |
IBM
IBM
|
$170M |
| 3 |
Mondelez International
MDLZ
|
$92M |
| 4 |
Warner Bros
WBD
|
$86.5M |
| 5 |
Roper Technologies
ROP
|
$82.7M |
Top Sells
| 1 |
Apple
AAPL
|
$242M |
| 2 |
Microsoft
MSFT
|
$207M |
| 3 |
CERN
Cerner Corp
CERN
|
$180M |
| 4 |
Visa
V
|
$126M |
| 5 |
Cisco
CSCO
|
$110M |
Sector Composition
| 1 | Technology | 22.32% |
| 2 | Healthcare | 16.86% |
| 3 | Financials | 12% |
| 4 | Consumer Staples | 9.69% |
| 5 | Consumer Discretionary | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Adobe
ADBE
$151B
| $749M | 0.7% | 2,047,444 -43,493 | -2% | -$15.9M |
|
27
Coca-Cola
KO
$297B
| $720M | 0.67% | 11,444,150 -262,147 | -2% | -$16.5M |
|
28
Meta Platforms (Facebook)
META
$1.86T
| $718M | 0.67% | 4,453,263 -214,431 | -5% | -$34.6M |
|
29
Exxon Mobil
XOM
$487B
| $709M | 0.66% | 8,277,626 -359,267 | -4% | -$30.8M |
|
30
NVIDIA
NVDA
$4.24T
| $698M | 0.65% | 4,603,223 -216,012 | -4% | -$32.7M |
|
|
31
IBM
IBM
$227B
| $646M | 0.6% | 4,574,680 +1,206,006 | +36% | +$170M |
|
32
JPMorgan Chase
JPM
$829B
| $632M | 0.59% | 5,614,651 -320,059 | -5% | -$36M |
|
33
Danaher
DHR
$147B
| $622M | 0.58% | 2,454,477 -28,766 | -1% | -$7.29M |
|
34
Oracle
ORCL
$635B
| $618M | 0.58% | 8,842,394 -608,657 | -6% | -$42.5M |
|
35
Duke Energy
DUK
$95.3B
| $606M | 0.57% | 5,649,188 -122,935 | -2% | -$13.2M |
|
36
T-Mobile US
TMUS
$284B
| $592M | 0.55% | 4,398,005 -129,109 | -3% | -$17.4M |
|
37
Amgen
AMGN
$155B
| $590M | 0.55% | 2,424,395 -129,165 | -5% | -$31.4M |
|
38
AT&T
T
$209B
| $570M | 0.53% | 27,179,630 -755,033 | -3% | -$15.8M |
|
39
Gilead Sciences
GILD
$140B
| $569M | 0.53% | 9,203,953 -224,950 | -2% | -$13.9M |
|
40
Marsh & McLennan
MMC
$101B
| $568M | 0.53% | 3,656,642 -101,172 | -3% | -$15.7M |
|
41
Chevron
CVX
$324B
| $557M | 0.52% | 3,846,717 -159,141 | -4% | -$23M |
|
42
Southern Company
SO
$102B
| $554M | 0.52% | 7,773,673 -140,499 | -2% | -$10M |
|
43
Thermo Fisher Scientific
TMO
$186B
| $546M | 0.51% | 1,004,799 -37,659 | -4% | -$20.5M |
|
44
CME Group
CME
$96B
| $532M | 0.5% | 2,596,885 -37,398 | -1% | -$7.66M |
|
45
Vertex Pharmaceuticals
VRTX
$100B
| $529M | 0.5% | 1,877,088 -25,463 | -1% | -$7.18M |
|
46
Mastercard
MA
$538B
| $525M | 0.49% | 1,664,015 -79,549 | -5% | -$25.1M |
|
47
Becton Dickinson
BDX
$55.3B
| $513M | 0.48% | 2,079,052 -44,687 | -2% | -$11M |
|
48
Abbott
ABT
$231B
| $496M | 0.46% | 4,561,259 -189,871 | -4% | -$20.6M |
|
49
Progressive
PGR
$145B
| $495M | 0.46% | 4,258,216 -92,296 | -2% | -$10.7M |
|
50
Lockheed Martin
LMT
$106B
| $483M | 0.45% | 1,123,453 -18,272 | -2% | -$7.86M |
|