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
|
$894M |
| 2 |
UnitedHealth
UNH
|
$430M |
| 3 |
Intel
INTC
|
$409M |
| 4 |
Amazon
AMZN
|
$352M |
| 5 |
Broadcom
AVGO
|
$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$415M |
| 2 |
Microsoft
MSFT
|
$275M |
| 3 |
VMW
VMware, Inc
VMW
|
$221M |
| 4 |
JPMorgan Chase
JPM
|
$146M |
| 5 |
Verizon
VZ
|
$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
AbbVie
ABBV
$372B
| $942M | 0.72% | 6,081,535 -94,355 | -2% | -$14.6M |
|
27
Exxon Mobil
XOM
$487B
| $908M | 0.69% | 9,080,031 -117,072 | -1% | -$11.7M |
|
28
Mastercard
MA
$538B
| $824M | 0.63% | 1,930,802 +315,989 | +20% | +$135M |
|
29
Coca-Cola
KO
$297B
| $814M | 0.62% | 13,804,908 +1,949,500 | +16% | +$115M |
|
|
30
Intel
INTC
$107B
| $808M | 0.61% | 16,074,760 +8,140,835 | +103% | +$409M |
|
31
Amgen
AMGN
$155B
| $782M | 0.59% | 2,716,088 +490,539 | +22% | +$141M |
|
32
Bank of America
BAC
$376B
| $759M | 0.58% | 22,538,500 +1,250,096 | +6% | +$42.1M |
|
33
Oracle
ORCL
$635B
| $674M | 0.51% | 6,390,810 -605,391 | -9% | -$63.8M |
|
|
34
Verizon
VZ
$186B
| $660M | 0.5% | 17,517,303 -3,742,706 | -18% | -$141M |
|
35
Salesforce
CRM
$245B
| $640M | 0.49% | 2,431,933 +420,231 | +21% | +$111M |
|
36
Gilead Sciences
GILD
$140B
| $635M | 0.48% | 7,844,334 -110,126 | -1% | -$8.92M |
|
37
Vertex Pharmaceuticals
VRTX
$100B
| $617M | 0.47% | 1,515,816 +5,855 | +0.4% | +$2.38M |
|
38
Marsh & McLennan
MMC
$101B
| $615M | 0.47% | 3,246,459 -31,117 | -0.9% | -$5.9M |
|
39
Walt Disney
DIS
$213B
| $600M | 0.46% | 6,646,336 +1,716,259 | +35% | +$155M |
|
40
Chevron
CVX
$324B
| $599M | 0.45% | 4,016,678 -163,264 | -4% | -$24.4M |
|
41
AT&T
T
$209B
| $575M | 0.44% | 34,280,022 -278,572 | -0.8% | -$4.67M |
|
42
Thermo Fisher Scientific
TMO
$186B
| $562M | 0.43% | 1,058,216 +117,491 | +12% | +$62.4M |
|
43
T-Mobile US
TMUS
$284B
| $554M | 0.42% | 3,455,969 +316,617 | +10% | +$50.8M |
|
44
CME Group
CME
$96B
| $533M | 0.4% | 2,531,701 -12,783 | -0.5% | -$2.69M |
|
45
Linde
LIN
$224B
| $527M | 0.4% | 1,282,518 +347,531 | +37% | +$143M |
|
46
Adobe
ADBE
$151B
| $526M | 0.4% | 881,948 -679 | -0.1% | -$405K |
|
47
Bristol-Myers Squibb
BMY
$96B
| $524M | 0.4% | 10,207,017 -56,653 | -0.6% | -$2.91M |
|
48
Pfizer
PFE
$141B
| $522M | 0.4% | 18,129,507 -251,326 | -1% | -$7.24M |
|
49
Comcast
CMCSA
$125B
| $501M | 0.38% | 11,432,426 +581,163 | +5% | +$25.5M |
|
50
NextEra Energy, Inc.
NEE
$148B
| $485M | 0.37% | 7,987,683 -1,038,781 | -12% | -$63.1M |
|