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 |
Apple
AAPL
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Chevron
CVX
$324B
| $793M | 0.68% | 4,416,006 -134,357 | -3% | -$24.1M |
|
|
27
NextEra Energy, Inc.
NEE
$148B
| $792M | 0.68% | 9,478,267 -1,904,587 | -17% | -$159M |
|
28
Tesla
TSLA
$1.08T
| $790M | 0.67% | 6,414,175 +675,683 | +12% | +$83.2M |
|
|
29
Cisco
CSCO
$274B
| $785M | 0.67% | 16,469,980 -2,423,673 | -13% | -$115M |
|
30
Gilead Sciences
GILD
$140B
| $741M | 0.63% | 8,630,001 -344,541 | -4% | -$29.6M |
|
|
31
Accenture
ACN
$162B
| $728M | 0.62% | 2,729,514 -417,507 | -13% | -$111M |
|
32
Mastercard
MA
$538B
| $727M | 0.62% | 2,089,832 +138,623 | +7% | +$48.2M |
|
33
IBM
IBM
$227B
| $682M | 0.58% | 4,842,227 -185,972 | -4% | -$26.2M |
|
34
Danaher
DHR
$147B
| $662M | 0.56% | 2,495,857 -86,829 | -3% | -$23M |
|
35
Broadcom
AVGO
$1.4T
| $638M | 0.54% | 1,140,719 +112,002 | +11% | +$62.6M |
|
36
Amgen
AMGN
$155B
| $632M | 0.54% | 2,407,237 -54,864 | -2% | -$14.4M |
|
37
Bank of America
BAC
$376B
| $632M | 0.54% | 19,073,340 +3,102,427 | +19% | +$103M |
|
38
Oracle
ORCL
$635B
| $615M | 0.52% | 7,519,147 -1,164,692 | -13% | -$95.2M |
|
39
Meta Platforms (Facebook)
META
$1.86T
| $610M | 0.52% | 5,073,001 -154,993 | -3% | -$18.7M |
|
40
Thermo Fisher Scientific
TMO
$186B
| $594M | 0.51% | 1,079,427 -22,807 | -2% | -$12.6M |
|
41
T-Mobile US
TMUS
$284B
| $582M | 0.5% | 4,157,290 +17,178 | +0.4% | +$2.4M |
|
42
Marsh & McLennan
MMC
$101B
| $549M | 0.47% | 3,315,764 -226,713 | -6% | -$37.5M |
|
43
Abbott
ABT
$231B
| $539M | 0.46% | 4,912,104 -102,575 | -2% | -$11.3M |
|
44
Lockheed Martin
LMT
$106B
| $538M | 0.46% | 1,105,106 -43,630 | -4% | -$21.2M |
|
|
45
Financial Select Sector SPDR Fund
XLF
$54.1B
| $530M | 0.45% | +15,500,000 | New | +$530M |
|
46
Duke Energy
DUK
$95.3B
| $530M | 0.45% | 5,144,875 -318,468 | -6% | -$32.8M |
|
47
Automatic Data Processing
ADP
$123B
| $523M | 0.45% | 2,189,438 -101,475 | -4% | -$24.2M |
|
48
Texas Instruments
TXN
$184B
| $522M | 0.45% | 3,160,929 -128,295 | -4% | -$21.2M |
|
49
Southern Company
SO
$102B
| $513M | 0.44% | 7,185,170 -369,991 | -5% | -$26.4M |
|
50
AT&T
T
$209B
| $512M | 0.44% | 27,791,328 -645,457 | -2% | -$11.9M |
|