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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Mastercard
MA
$538B
| $949M | 0.66% | 1,922,662 -151,964 | -7% | -$75M |
|
|
27
Texas Instruments
TXN
$184B
| $846M | 0.59% | 4,093,084 -900,402 | -18% | -$186M |
|
28
Coca-Cola
KO
$297B
| $818M | 0.57% | 11,381,010 -258,882 | -2% | -$18.6M |
|
29
Cisco
CSCO
$274B
| $810M | 0.57% | 15,222,727 -2,408,324 | -14% | -$128M |
|
30
Oracle
ORCL
$635B
| $789M | 0.55% | 4,627,363 +34,795 | +0.8% | +$5.93M |
|
31
Amgen
AMGN
$155B
| $715M | 0.5% | 2,218,235 -444,265 | -17% | -$143M |
|
|
32
Applied Materials
AMAT
$128B
| $692M | 0.48% | 3,424,385 +1,151,328 | +51% | +$233M |
|
33
Bank of America
BAC
$376B
| $681M | 0.48% | 17,166,747 +873,743 | +5% | +$34.7M |
|
34
Verizon
VZ
$186B
| $668M | 0.47% | 14,871,045 +990,758 | +7% | +$44.5M |
|
35
AT&T
T
$209B
| $648M | 0.45% | 29,461,360 +6,477,700 | +28% | +$143M |
|
36
Progressive
PGR
$145B
| $623M | 0.44% | 2,455,239 -82,490 | -3% | -$20.9M |
|
37
Accenture
ACN
$162B
| $613M | 0.43% | 1,735,285 -318,072 | -15% | -$112M |
|
38
Salesforce
CRM
$245B
| $603M | 0.42% | 2,203,841 +302,450 | +16% | +$82.8M |
|
39
Qualcomm
QCOM
$173B
| $587M | 0.41% | 3,452,285 -96,680 | -3% | -$16.4M |
|
40
Automatic Data Processing
ADP
$123B
| $572M | 0.4% | 2,066,558 +301,334 | +17% | +$83.4M |
|
41
Netflix
NFLX
$513B
| $549M | 0.38% | 773,437 -2,336 | -0.3% | -$1.66M |
|
42
Thermo Fisher Scientific
TMO
$186B
| $522M | 0.36% | 843,248 -123,452 | -13% | -$76.4M |
|
43
Advanced Micro Devices
AMD
$264B
| $514M | 0.36% | 3,132,496 -31,427 | -1% | -$5.16M |
|
44
Gilead Sciences
GILD
$140B
| $511M | 0.36% | 6,089,766 -283,997 | -4% | -$23.8M |
|
45
Marsh & McLennan
MMC
$101B
| $502M | 0.35% | 2,249,371 -121,568 | -5% | -$27.1M |
|
46
Adobe
ADBE
$151B
| $497M | 0.35% | 960,158 -50,448 | -5% | -$26.1M |
|
47
Berkshire Hathaway Class A
BRK.A
$1.09T
| $494M | 0.35% | 715 -1 | -0.1% | -$691K |
|
48
RTX Corp
RTX
$212B
| $469M | 0.33% | 3,873,464 -177,065 | -4% | -$21.5M |
|
49
Lockheed Martin
LMT
$106B
| $468M | 0.33% | 800,303 -31,209 | -4% | -$18.2M |
|
50
Pfizer
PFE
$141B
| $466M | 0.33% | 16,103,076 -343,256 | -2% | -$9.93M |
|