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 |
Vanguard S&P 500 ETF
VOO
|
$9.2B |
| 2 |
Apple
AAPL
|
$199M |
| 3 |
NextEra Energy, Inc.
NEE
|
$180M |
| 4 |
Arista Networks
ANET
|
$158M |
| 5 |
Lam Research
LRCX
|
$138M |
Top Sells
| 1 |
NVIDIA
NVDA
|
$757M |
| 2 |
Microsoft
MSFT
|
$192M |
| 3 |
Amazon
AMZN
|
$188M |
| 4 |
Applied Materials
AMAT
|
$163M |
| 5 |
Meta Platforms (Facebook)
META
|
$142M |
Sector Composition
| 1 | Technology | 32.39% |
| 2 | Financials | 12.4% |
| 3 | Healthcare | 10.11% |
| 4 | Consumer Discretionary | 8.73% |
| 5 | Communication Services | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cisco
CSCO
$274B
| $881M | 0.59% | 14,883,366 -339,361 | -2% | -$20.1M |
|
27
Texas Instruments
TXN
$184B
| $870M | 0.58% | 4,637,188 +544,104 | +13% | +$102M |
|
28
McDonald's
MCD
$224B
| $859M | 0.57% | 2,961,775 -206,003 | -7% | -$59.7M |
|
29
Merck
MRK
$210B
| $843M | 0.56% | 8,475,511 -818,542 | -9% | -$81.4M |
|
30
Coca-Cola
KO
$297B
| $729M | 0.49% | 11,702,286 +321,276 | +3% | +$20M |
|
31
Bank of America
BAC
$376B
| $727M | 0.49% | 16,537,307 -629,440 | -4% | -$27.7M |
|
32
Salesforce
CRM
$245B
| $714M | 0.48% | 2,134,897 -68,944 | -3% | -$23.1M |
|
33
Netflix
NFLX
$513B
| $656M | 0.44% | 736,545 -36,892 | -5% | -$32.9M |
|
34
Oracle
ORCL
$635B
| $651M | 0.44% | 3,909,609 -717,754 | -16% | -$120M |
|
35
Accenture
ACN
$162B
| $643M | 0.43% | 1,828,325 +93,040 | +5% | +$32.7M |
|
36
Verizon
VZ
$186B
| $598M | 0.4% | 14,963,751 +92,706 | +0.6% | +$3.71M |
|
37
Progressive
PGR
$145B
| $597M | 0.4% | 2,491,193 +35,954 | +1% | +$8.61M |
|
38
AT&T
T
$209B
| $574M | 0.38% | 25,220,919 -4,240,441 | -14% | -$96.6M |
|
39
Amgen
AMGN
$155B
| $574M | 0.38% | 2,201,234 -17,001 | -0.8% | -$4.43M |
|
|
40
NextEra Energy, Inc.
NEE
$148B
| $567M | 0.38% | 7,910,346 +2,517,369 | +47% | +$180M |
|
41
Gilead Sciences
GILD
$140B
| $562M | 0.38% | 6,087,177 -2,589 | -0% | -$239K |
|
42
Qualcomm
QCOM
$173B
| $539M | 0.36% | 3,505,858 +53,573 | +2% | +$8.23M |
|
43
Automatic Data Processing
ADP
$123B
| $519M | 0.35% | 1,773,255 -293,303 | -14% | -$85.9M |
|
44
Walt Disney
DIS
$213B
| $507M | 0.34% | 4,550,907 -215,284 | -5% | -$24M |
|
45
ServiceNow
NOW
$190B
| $507M | 0.34% | 477,955 -15,145 | -3% | -$16.1M |
|
46
Wells Fargo
WFC
$263B
| $491M | 0.33% | 6,986,075 -594,202 | -8% | -$41.7M |
|
47
Berkshire Hathaway Class A
BRK.A
$1.09T
| $488M | 0.33% | 717 +2 | +0.3% | +$1.36M |
|
48
T-Mobile US
TMUS
$284B
| $482M | 0.32% | 2,185,274 -46,456 | -2% | -$10.3M |
|
49
Marsh & McLennan
MMC
$101B
| $475M | 0.32% | 2,238,499 -10,872 | -0.5% | -$2.31M |
|
50
Intuit
INTU
$186B
| $475M | 0.32% | 755,236 +71,068 | +10% | +$44.7M |
|