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 |
Alphabet (Google) Class A
GOOGL
|
$1.37B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$1.23B |
| 3 |
Tesla
TSLA
|
$1.09B |
| 4 |
Apple
AAPL
|
$739M |
| 5 |
Microsoft
MSFT
|
$541M |
Top Sells
| 1 |
Waste Connections
WCN
|
$171M |
| 2 |
Walmart
WMT
|
$168M |
| 3 |
NextEra Energy, Inc.
NEE
|
$168M |
| 4 |
Accenture
ACN
|
$125M |
| 5 |
Adobe
ADBE
|
$116M |
Sector Composition
| 1 | Technology | 22.77% |
| 2 | Healthcare | 16.6% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Broadcom
AVGO
$1.4T
| $457M | 0.42% | 1,028,717 +152,997 | +17% | +$67.9M |
|
52
Becton Dickinson
BDX
$55.3B
| $450M | 0.41% | 2,019,177 -59,875 | -3% | -$13.3M |
|
|
53
Adobe
ADBE
$151B
| $447M | 0.41% | 1,625,408 -422,036 | -21% | -$116M |
|
54
CME Group
CME
$96B
| $447M | 0.41% | 2,523,854 -73,031 | -3% | -$12.9M |
|
55
Lockheed Martin
LMT
$106B
| $444M | 0.41% | 1,148,736 +25,283 | +2% | +$9.77M |
|
56
AT&T
T
$209B
| $436M | 0.4% | 28,436,785 +1,257,155 | +5% | +$19.3M |
|
57
United Parcel Service
UPS
$74.1B
| $429M | 0.39% | 2,653,108 +179,296 | +7% | +$29M |
|
58
Colgate-Palmolive
CL
$67.9B
| $409M | 0.38% | 5,827,876 -118,662 | -2% | -$8.34M |
|
59
Dominion Energy
D
$51.1B
| $401M | 0.37% | 5,805,439 -138,050 | -2% | -$9.54M |
|
60
Crown Castle
CCI
$43.2B
| $395M | 0.36% | 2,730,687 -41,658 | -2% | -$6.02M |
|
61
Walt Disney
DIS
$213B
| $390M | 0.36% | 4,131,136 +637,929 | +18% | +$60.2M |
|
62
Dollar General
DG
$23.9B
| $386M | 0.35% | 1,607,872 -68,502 | -4% | -$16.4M |
|
|
ATVI
63
DELISTED
Activision Blizzard Inc.
ATVI
| $382M | 0.35% | 5,141,561 -194,469 | -4% | -$14.5M |
|
64
American Tower
AMT
$95.5B
| $382M | 0.35% | 1,779,462 +88,199 | +5% | +$18.9M |
|
65
Comcast
CMCSA
$125B
| $376M | 0.35% | 12,808,854 +1,001,425 | +8% | +$29.4M |
|
66
Fiserv
FI
$75.1B
| $353M | 0.33% | 3,775,174 -82,125 | -2% | -$7.68M |
|
67
Wells Fargo
WFC
$263B
| $353M | 0.33% | 8,780,740 +1,291,721 | +17% | +$52M |
|
68
Mondelez International
MDLZ
$79.5B
| $352M | 0.32% | 6,418,724 +1,914,067 | +42% | +$105M |
|
69
Zoetis
ZTS
$69.3B
| $344M | 0.32% | 2,322,118 +24,211 | +1% | +$3.59M |
|
70
Aon
AON
$79.1B
| $329M | 0.3% | 1,228,344 -34,773 | -3% | -$9.31M |
|
71
General Mills
GIS
$26.4B
| $329M | 0.3% | 4,290,757 -164,794 | -4% | -$12.6M |
|
72
Public Storage
PSA
$51.7B
| $328M | 0.3% | 1,120,385 -40,027 | -3% | -$11.7M |
|
73
Salesforce
CRM
$245B
| $325M | 0.3% | 2,259,054 +317,948 | +16% | +$45.7M |
|
74
Berkshire Hathaway Class A
BRK.A
$1.09T
| $322M | 0.3% | 791 +121 | +18% | +$49.2M |
|
75
CVS Health
CVS
$92.8B
| $319M | 0.29% | 3,344,589 +785,866 | +31% | +$74.9M |
|