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
|
$2.5B |
| 2 |
Meta Platforms (Facebook)
META
|
$334M |
| 3 |
Abbott
ABT
|
$271M |
| 4 |
Stryker
SYK
|
$155M |
| 5 |
McDonald's
MCD
|
$154M |
Top Sells
| 1 |
Apple
AAPL
|
$1.14B |
| 2 |
Costco
COST
|
$440M |
| 3 |
Oracle
ORCL
|
$194M |
| 4 |
Micron Technology
MU
|
$192M |
| 5 |
Gilead Sciences
GILD
|
$157M |
Sector Composition
| 1 | Technology | 28.1% |
| 2 | Financials | 13.31% |
| 3 | Healthcare | 11.32% |
| 4 | Consumer Discretionary | 8.29% |
| 5 | Communication Services | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
26
Exxon Mobil
XOM
$487B
| $962M | 0.67% | 8,089,360 -569,354 | -7% | -$67.7M |
|
27
Coca-Cola
KO
$297B
| $859M | 0.6% | 11,996,046 +293,760 | +3% | +$21M |
|
28
Cisco
CSCO
$274B
| $833M | 0.58% | 13,491,131 -1,392,235 | -9% | -$85.9M |
|
29
Verizon
VZ
$186B
| $790M | 0.55% | 17,415,148 +2,451,397 | +16% | +$111M |
|
|
30
Abbott
ABT
$231B
| $774M | 0.54% | 5,837,450 +2,040,913 | +54% | +$271M |
|
31
Merck
MRK
$210B
| $744M | 0.52% | 8,292,792 -182,719 | -2% | -$16.4M |
|
32
Amgen
AMGN
$155B
| $718M | 0.5% | 2,304,390 +103,156 | +5% | +$32.1M |
|
33
Progressive
PGR
$145B
| $691M | 0.48% | 2,441,640 -49,553 | -2% | -$14M |
|
34
Bank of America
BAC
$376B
| $683M | 0.48% | 16,365,308 -171,999 | -1% | -$7.18M |
|
35
Netflix
NFLX
$513B
| $683M | 0.48% | 732,151 -4,394 | -0.6% | -$4.1M |
|
36
Texas Instruments
TXN
$184B
| $683M | 0.48% | 3,798,432 -838,756 | -18% | -$151M |
|
37
AT&T
T
$209B
| $628M | 0.44% | 22,190,398 -3,030,521 | -12% | -$85.7M |
|
38
NextEra Energy, Inc.
NEE
$148B
| $578M | 0.4% | 8,157,983 +247,637 | +3% | +$17.6M |
|
39
T-Mobile US
TMUS
$284B
| $568M | 0.4% | 2,128,025 -57,249 | -3% | -$15.3M |
|
40
Berkshire Hathaway Class A
BRK.A
$1.09T
| $561M | 0.39% | 703 -14 | -2% | -$11.2M |
|
41
Marsh & McLennan
MMC
$101B
| $530M | 0.37% | 2,171,746 -66,753 | -3% | -$16.3M |
|
|
42
Gilead Sciences
GILD
$140B
| $525M | 0.37% | 4,687,988 -1,399,189 | -23% | -$157M |
|
43
Accenture
ACN
$162B
| $506M | 0.35% | 1,623,053 -205,272 | -11% | -$64.1M |
|
44
Fiserv
FI
$75.1B
| $505M | 0.35% | 2,286,988 +43,143 | +2% | +$9.53M |
|
45
Automatic Data Processing
ADP
$123B
| $504M | 0.35% | 1,649,822 -123,433 | -7% | -$37.7M |
|
46
Intuit
INTU
$186B
| $489M | 0.34% | 797,038 +41,802 | +6% | +$25.7M |
|
47
Salesforce
CRM
$245B
| $478M | 0.33% | 1,780,826 -354,071 | -17% | -$95M |
|
48
Qualcomm
QCOM
$173B
| $475M | 0.33% | 3,094,703 -411,155 | -12% | -$63.2M |
|
49
Wells Fargo
WFC
$263B
| $470M | 0.33% | 6,552,128 -433,947 | -6% | -$31.2M |
|
50
Linde
LIN
$224B
| $469M | 0.33% | 1,007,803 +34,656 | +4% | +$16.1M |
|