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 |
Walmart
WMT
|
$830M |
| 2 |
Meta Platforms (Facebook)
META
|
$234M |
| 3 |
NVIDIA
NVDA
|
$197M |
| 4 |
Costco
COST
|
$174M |
| 5 |
Home Depot
HD
|
$157M |
Top Sells
| 1 |
Amazon
AMZN
|
$432M |
| 2 |
Microsoft
MSFT
|
$271M |
| 3 |
Merck
MRK
|
$261M |
| 4 |
Walt Disney
DIS
|
$232M |
| 5 |
Texas Instruments
TXN
|
$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cisco
CSCO
$274B
| $973M | 0.68% | 19,495,671 +745,434 | +4% | +$37.2M |
|
27
Mastercard
MA
$538B
| $909M | 0.64% | 1,887,927 -42,875 | -2% | -$20.6M |
|
28
Bank of America
BAC
$376B
| $865M | 0.61% | 22,804,818 +266,318 | +1% | +$10.1M |
|
|
29
Texas Instruments
TXN
$184B
| $851M | 0.6% | 4,882,164 -1,153,540 | -19% | -$201M |
|
30
Coca-Cola
KO
$297B
| $847M | 0.6% | 13,850,817 +45,909 | +0.3% | +$2.81M |
|
31
Amgen
AMGN
$155B
| $783M | 0.55% | 2,752,318 +36,230 | +1% | +$10.3M |
|
32
Salesforce
CRM
$245B
| $721M | 0.51% | 2,393,269 -38,664 | -2% | -$11.6M |
|
33
Intel
INTC
$107B
| $699M | 0.49% | 15,832,544 -242,216 | -2% | -$10.7M |
|
34
Qualcomm
QCOM
$173B
| $687M | 0.48% | 4,056,652 +732,349 | +22% | +$124M |
|
35
Oracle
ORCL
$635B
| $672M | 0.47% | 5,350,945 -1,039,865 | -16% | -$131M |
|
36
Verizon
VZ
$186B
| $657M | 0.46% | 15,648,335 -1,868,968 | -11% | -$78.4M |
|
37
Marsh & McLennan
MMC
$101B
| $644M | 0.45% | 3,125,541 -120,918 | -4% | -$24.9M |
|
38
Thermo Fisher Scientific
TMO
$186B
| $612M | 0.43% | 1,052,841 -5,375 | -0.5% | -$3.12M |
|
39
AT&T
T
$209B
| $599M | 0.42% | 34,020,557 -259,465 | -0.8% | -$4.57M |
|
40
Progressive
PGR
$145B
| $591M | 0.42% | 2,856,893 -170,745 | -6% | -$35.3M |
|
41
Chevron
CVX
$324B
| $586M | 0.41% | 3,717,919 -298,759 | -7% | -$47.1M |
|
|
42
Walt Disney
DIS
$213B
| $582M | 0.41% | 4,752,401 -1,893,935 | -28% | -$232M |
|
43
Advanced Micro Devices
AMD
$264B
| $580M | 0.41% | 3,215,788 +312,561 | +11% | +$56.4M |
|
44
Accenture
ACN
$162B
| $560M | 0.39% | 1,614,945 +389,048 | +32% | +$135M |
|
45
Gilead Sciences
GILD
$140B
| $554M | 0.39% | 7,559,266 -285,068 | -4% | -$20.9M |
|
46
NextEra Energy, Inc.
NEE
$148B
| $545M | 0.38% | 8,526,538 +538,855 | +7% | +$34.4M |
|
47
Bristol-Myers Squibb
BMY
$96B
| $540M | 0.38% | 9,963,455 -243,562 | -2% | -$13.2M |
|
48
Automatic Data Processing
ADP
$123B
| $529M | 0.37% | 2,119,609 +67,804 | +3% | +$16.9M |
|
49
Linde
LIN
$224B
| $518M | 0.36% | 1,116,068 -166,450 | -13% | -$77.3M |
|
50
Waste Management
WM
$91.2B
| $507M | 0.36% | 2,376,646 -74,865 | -3% | -$16M |
|