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 |
Alphabet (Google) Class A
GOOGL
|
$1.37B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$1.23B |
| 3 |
Tesla
TSLA
|
$1.09B |
| 4 |
Apple
AAPL
|
$739M |
| 5 |
Microsoft
MSFT
|
$541M |
Top Sells
| 1 |
Waste Connections
WCN
|
$171M |
| 2 |
Walmart
WMT
|
$168M |
| 3 |
NextEra Energy, Inc.
NEE
|
$168M |
| 4 |
Accenture
ACN
|
$125M |
| 5 |
Adobe
ADBE
|
$116M |
Sector Composition
| 1 | Technology | 22.77% |
| 2 | Healthcare | 16.6% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cisco
CSCO
$274B
| $756M | 0.7% | 18,893,653 -1,161,739 | -6% | -$46.5M |
|
27
Coca-Cola
KO
$297B
| $734M | 0.68% | 13,095,965 +1,651,815 | +14% | +$92.5M |
|
28
Meta Platforms (Facebook)
META
$1.86T
| $709M | 0.65% | 5,227,994 +774,731 | +17% | +$105M |
|
29
JPMorgan Chase
JPM
$829B
| $689M | 0.63% | 6,591,598 +976,947 | +17% | +$102M |
|
30
Danaher
DHR
$147B
| $667M | 0.61% | 2,582,686 +128,209 | +5% | +$33.1M |
|
31
NVIDIA
NVDA
$4.24T
| $660M | 0.61% | 5,435,947 +832,724 | +18% | +$101M |
|
32
Chevron
CVX
$324B
| $654M | 0.6% | 4,550,363 +703,646 | +18% | +$101M |
|
33
IBM
IBM
$227B
| $597M | 0.55% | 5,028,199 +453,519 | +10% | +$53.9M |
|
34
Thermo Fisher Scientific
TMO
$186B
| $559M | 0.51% | 1,102,234 +97,435 | +10% | +$49.4M |
|
35
T-Mobile US
TMUS
$284B
| $555M | 0.51% | 4,140,112 -257,893 | -6% | -$34.6M |
|
36
Amgen
AMGN
$155B
| $555M | 0.51% | 2,462,101 +37,706 | +2% | +$8.5M |
|
37
Mastercard
MA
$538B
| $555M | 0.51% | 1,951,209 +287,194 | +17% | +$81.7M |
|
38
Gilead Sciences
GILD
$140B
| $554M | 0.51% | 8,974,542 -229,411 | -2% | -$14.2M |
|
39
Oracle
ORCL
$635B
| $530M | 0.49% | 8,683,839 -158,555 | -2% | -$9.68M |
|
40
Marsh & McLennan
MMC
$101B
| $529M | 0.49% | 3,542,477 -114,165 | -3% | -$17M |
|
41
Vertex Pharmaceuticals
VRTX
$100B
| $521M | 0.48% | 1,799,868 -77,220 | -4% | -$22.4M |
|
42
Automatic Data Processing
ADP
$123B
| $518M | 0.48% | 2,290,913 +2,926 | +0.1% | +$662K |
|
43
Southern Company
SO
$102B
| $514M | 0.47% | 7,555,161 -218,512 | -3% | -$14.9M |
|
44
Regeneron Pharmaceuticals
REGN
$61.5B
| $512M | 0.47% | 743,197 -22,686 | -3% | -$15.6M |
|
45
Texas Instruments
TXN
$184B
| $509M | 0.47% | 3,289,224 +228,741 | +7% | +$35.4M |
|
46
Duke Energy
DUK
$95.3B
| $508M | 0.47% | 5,463,343 -185,845 | -3% | -$17.3M |
|
47
Abbott
ABT
$231B
| $485M | 0.45% | 5,014,679 +453,420 | +10% | +$43.9M |
|
48
Bank of America
BAC
$376B
| $482M | 0.44% | 15,970,913 +2,353,554 | +17% | +$71.1M |
|
49
Progressive
PGR
$145B
| $481M | 0.44% | 4,135,273 -122,943 | -3% | -$14.3M |
|
50
Waste Management
WM
$91.2B
| $473M | 0.44% | 2,954,025 -54,201 | -2% | -$8.68M |
|