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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Pfizer
PFE
$141B
| $773M | 0.69% | 18,942,662 +519,415 | +3% | +$21.2M |
|
27
Coca-Cola
KO
$297B
| $741M | 0.66% | 11,951,607 -924,572 | -7% | -$57.4M |
|
28
Bristol-Myers Squibb
BMY
$96B
| $729M | 0.65% | 10,521,599 -538,214 | -5% | -$37.3M |
|
|
29
Texas Instruments
TXN
$184B
| $727M | 0.65% | 3,909,249 +748,320 | +24% | +$139M |
|
|
30
IBM
IBM
$227B
| $706M | 0.63% | 5,385,368 +543,141 | +11% | +$71.2M |
|
31
Accenture
ACN
$162B
| $699M | 0.62% | 2,447,171 -282,343 | -10% | -$80.7M |
|
32
NextEra Energy, Inc.
NEE
$148B
| $683M | 0.61% | 8,859,533 -618,734 | -7% | -$47.7M |
|
33
Gilead Sciences
GILD
$140B
| $679M | 0.6% | 8,183,272 -446,729 | -5% | -$37.1M |
|
34
Oracle
ORCL
$635B
| $662M | 0.59% | 7,123,501 -395,646 | -5% | -$36.8M |
|
35
Broadcom
AVGO
$1.4T
| $657M | 0.58% | 1,024,661 -116,058 | -10% | -$74.5M |
|
36
Chevron
CVX
$324B
| $621M | 0.55% | 3,807,463 -608,543 | -14% | -$99.3M |
|
37
Mastercard
MA
$538B
| $613M | 0.54% | 1,686,601 -403,231 | -19% | -$147M |
|
38
T-Mobile US
TMUS
$284B
| $573M | 0.51% | 3,956,205 -201,085 | -5% | -$29.1M |
|
39
Danaher
DHR
$147B
| $558M | 0.5% | 2,215,552 -280,305 | -11% | -$70.6M |
|
40
Thermo Fisher Scientific
TMO
$186B
| $557M | 0.49% | 967,005 -112,422 | -10% | -$64.8M |
|
41
Amgen
AMGN
$155B
| $547M | 0.49% | 2,262,776 -144,461 | -6% | -$34.9M |
|
42
Progressive
PGR
$145B
| $523M | 0.46% | 3,657,492 -244,879 | -6% | -$35M |
|
43
Salesforce
CRM
$245B
| $519M | 0.46% | 2,599,864 -369,459 | -12% | -$73.8M |
|
44
Marsh & McLennan
MMC
$101B
| $519M | 0.46% | 3,117,445 -198,319 | -6% | -$33M |
|
45
Bank of America
BAC
$376B
| $501M | 0.44% | 17,501,651 -1,571,689 | -8% | -$45M |
|
46
Walt Disney
DIS
$213B
| $500M | 0.44% | 4,989,335 -552,835 | -10% | -$55.4M |
|
47
AT&T
T
$209B
| $496M | 0.44% | 25,790,673 -2,000,655 | -7% | -$38.5M |
|
48
CME Group
CME
$96B
| $495M | 0.44% | 2,586,275 +233,559 | +10% | +$44.7M |
|
49
Lockheed Martin
LMT
$106B
| $481M | 0.43% | 1,017,390 -87,716 | -8% | -$41.5M |
|
50
Southern Company
SO
$102B
| $477M | 0.42% | 6,857,479 -327,691 | -5% | -$22.8M |
|