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 |
AT&T
T
|
$179M |
| 2 |
Alphabet (Google) Class C
GOOG
|
$146M |
| 3 |
PepsiCo
PEP
|
$65.1M |
| 4 |
Coca-Cola
KO
|
$62.7M |
| 5 |
Pfizer
PFE
|
$54.5M |
Top Sells
| 1 |
Alphabet (Google) Class A
GOOGL
|
$279M |
| 2 |
TWX
Time Warner Inc
TWX
|
$178M |
| 3 |
Apple
AAPL
|
$164M |
| 4 |
Microsoft
MSFT
|
$135M |
| 5 |
Amazon
AMZN
|
$134M |
Sector Composition
| 1 | Financials | 17.85% |
| 2 | Technology | 16.79% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Gilead Sciences
GILD
$140B
| $249M | 0.34% | 3,513,211 +36,098 | +1% | +$2.56M |
|
52
Adobe
ADBE
$151B
| $247M | 0.34% | 1,012,947 -72,997 | -7% | -$17.8M |
|
53
Nike
NKE
$114B
| $235M | 0.33% | 2,951,657 -229,419 | -7% | -$18.3M |
|
54
NextEra Energy, Inc.
NEE
$148B
| $234M | 0.32% | 1,398,467 +282,633 | +25% | +$47.2M |
|
|
55
Alphabet (Google) Class C
GOOG
$2.58T
| $233M | 0.32% | 208,617 +131,237 | +170% | +$146M |
|
56
Eli Lilly
LLY
$657B
| $224M | 0.31% | 2,630,233 +271,377 | +12% | +$23.2M |
|
57
Schlumberger
SLB
$55B
| $224M | 0.31% | 3,343,574 -9,215 | -0.3% | -$618K |
|
58
Bristol-Myers Squibb
BMY
$96B
| $223M | 0.31% | 4,024,054 -284,877 | -7% | -$15.8M |
|
59
US Bancorp
USB
$76B
| $216M | 0.3% | 4,321,609 +166,417 | +4% | +$8.32M |
|
60
Booking.com
BKNG
$181B
| $215M | 0.3% | 106,305 -1,921 | -2% | -$3.89M |
|
61
Lockheed Martin
LMT
$106B
| $215M | 0.3% | 728,562 +142,574 | +24% | +$42.1M |
|
62
Abbott
ABT
$231B
| $215M | 0.3% | 3,525,398 -367,591 | -9% | -$22.4M |
|
63
ConocoPhillips
COP
$124B
| $211M | 0.29% | 3,025,222 -318,963 | -10% | -$22.2M |
|
64
Broadcom
AVGO
$1.4T
| $207M | 0.29% | 854,113 -8,287 | -1% | -$2.01M |
|
65
Qualcomm
QCOM
$173B
| $202M | 0.28% | 3,600,810 +88,869 | +3% | +$4.99M |
|
66
Lowe's Companies
LOW
$145B
| $198M | 0.27% | 2,073,992 -162,334 | -7% | -$15.5M |
|
67
Costco
COST
$418B
| $198M | 0.27% | 946,602 -96,021 | -9% | -$20.1M |
|
68
TJX Companies
TJX
$152B
| $198M | 0.27% | 2,076,973 +413,201 | +25% | +$39.3M |
|
69
Caterpillar
CAT
$196B
| $195M | 0.27% | 1,434,337 -20,026 | -1% | -$2.72M |
|
70
Salesforce
CRM
$245B
| $192M | 0.27% | 1,406,948 -86,191 | -6% | -$11.8M |
|
71
Danaher
DHR
$147B
| $187M | 0.26% | 1,892,069 +468,467 | +33% | +$46.2M |
|
72
CVS Health
CVS
$92.8B
| $184M | 0.25% | 2,859,460 +34,647 | +1% | +$2.23M |
|
73
Goldman Sachs
GS
$226B
| $183M | 0.25% | 830,840 -21,580 | -3% | -$4.76M |
|
74
PayPal
PYPL
$67.1B
| $182M | 0.25% | 2,186,992 -111,820 | -5% | -$9.31M |
|
75
Elevance Health
ELV
$71.8B
| $182M | 0.25% | 762,735 +60,765 | +9% | +$14.5M |
|