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 |
NVIDIA
NVDA
|
$584M |
| 2 |
Tesla
TSLA
|
$574M |
| 3 |
Microsoft
MSFT
|
$567M |
| 4 |
Apple
AAPL
|
$290M |
| 5 |
Chevron
CVX
|
$156M |
Top Sells
| 1 |
Eli Lilly
LLY
|
$437M |
| 2 |
Regeneron Pharmaceuticals
REGN
|
$114M |
| 3 |
Verizon
VZ
|
$113M |
| 4 |
Oracle
ORCL
|
$106M |
| 5 |
Mastercard
MA
|
$98.4M |
Sector Composition
| 1 | Technology | 28.31% |
| 2 | Healthcare | 14.61% |
| 3 | Financials | 12.06% |
| 4 | Consumer Discretionary | 10% |
| 5 | Consumer Staples | 7.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cisco
CSCO
$274B
| $806M | 0.69% |
14,997,072
+177,107
| +1% | +$9.52M |
|
|
27
Oracle
ORCL
$635B
| $741M | 0.64% |
6,996,201
-997,002
| -12% | -$106M |
|
28
Texas Instruments
TXN
$184B
| $721M | 0.62% |
4,532,715
+78,611
| +2% | +$12.5M |
|
|
29
Chevron
CVX
$324B
| $705M | 0.61% |
4,179,942
+923,119
| +28% | +$156M |
|
|
30
Verizon
VZ
$186B
| $689M | 0.59% |
21,260,009
-3,484,530
| -14% | -$113M |
|
31
Coca-Cola
KO
$297B
| $664M | 0.57% |
11,855,408
-349,904
| -3% | -$19.6M |
|
|
32
Mastercard
MA
$538B
| $639M | 0.55% |
1,614,813
-248,633
| -13% | -$98.4M |
|
33
Marsh & McLennan
MMC
$101B
| $624M | 0.54% |
3,277,576
+83,785
| +3% | +$15.9M |
|
34
Pfizer
PFE
$141B
| $610M | 0.52% |
18,380,833
+101,256
| +0.6% | +$3.36M |
|
35
Amgen
AMGN
$155B
| $598M | 0.51% |
2,225,549
+45,384
| +2% | +$12.2M |
|
36
Gilead Sciences
GILD
$140B
| $596M | 0.51% |
7,954,460
+7,897
| +0.1% | +$592K |
|
37
Bristol-Myers Squibb
BMY
$96B
| $596M | 0.51% |
10,263,670
+21,287
| +0.2% | +$1.24M |
|
38
Bank of America
BAC
$376B
| $583M | 0.5% |
21,288,404
+4,692,683
| +28% | +$128M |
|
39
Vertex Pharmaceuticals
VRTX
$100B
| $525M | 0.45% |
1,509,961
+42,343
| +3% | +$14.7M |
|
40
AT&T
T
$209B
| $519M | 0.45% |
34,558,594
+9,518,478
| +38% | +$143M |
|
41
NextEra Energy, Inc.
NEE
$148B
| $517M | 0.44% |
9,026,464
+209,584
| +2% | +$12M |
|
42
CME Group
CME
$96B
| $509M | 0.44% |
2,544,484
+8,200
| +0.3% | +$1.64M |
|
43
Automatic Data Processing
ADP
$123B
| $495M | 0.43% |
2,056,118
+19,914
| +1% | +$4.79M |
|
44
Comcast
CMCSA
$125B
| $481M | 0.41% |
10,851,263
+421,509
| +4% | +$18.7M |
|
45
Thermo Fisher Scientific
TMO
$186B
| $476M | 0.41% |
940,725
+4,392
| +0.5% | +$2.22M |
|
46
Adobe
ADBE
$151B
| $450M | 0.39% |
882,627
+16,899
| +2% | +$8.62M |
|
47
Becton Dickinson
BDX
$55.3B
| $447M | 0.38% |
1,727,259
-4,604
| -0.3% | -$1.19M |
|
48
Progressive
PGR
$145B
| $446M | 0.38% |
3,204,680
-363,553
| -10% | -$50.6M |
|
49
T-Mobile US
TMUS
$284B
| $440M | 0.38% |
3,139,352
-40,929
| -1% | -$5.73M |
|
50
Southern Company
SO
$102B
| $429M | 0.37% |
6,633,556
-16,475
| -0.2% | -$1.07M |
|