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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
$141M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
$41.7M |
| 3 |
Exxon Mobil
XOM
|
$40.9M |
| 4 |
Franklin Resources
BEN
|
$40.4M |
| 5 |
CERN
Cerner Corp
CERN
|
$21.6M |
Top Sells
| 1 |
FON
SPRINT CORP FON COM
FON
|
$64.4M |
| 2 |
SPDR S&P Emerging Markets Small Cap ETF
EWX
|
$49.4M |
| 3 |
BMC
BMC SOFTWARE, INC
BMC
|
$21.9M |
| 4 |
Leidos
LDOS
|
$17.8M |
| 5 |
Halliburton
HAL
|
$15.6M |
Sector Composition
| 1 | Financials | 15.33% |
| 2 | Technology | 13.34% |
| 3 | Healthcare | 11.9% |
| 4 | Industrials | 11.15% |
| 5 | Energy | 10.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$3.45T
| $1.15B | 2.13% | 2,414,735 -12,589 | -0.5% | -$6M |
|
|
2
Exxon Mobil
XOM
$487B
| $1.1B | 2.05% | 12,831,421 +474,817 | +4% | +$40.9M |
|
3
Microsoft
MSFT
$3.77T
| $708M | 1.31% | 21,267,844 +437,223 | +2% | +$14.6M |
|
4
GE Aerospace
GE
$292B
| $693M | 1.28% | 29,015,974 -283,306 | -1% | -$6.77M |
|
5
Chevron
CVX
$324B
| $682M | 1.26% | 5,613,751 +99,047 | +2% | +$12M |
|
6
Johnson & Johnson
JNJ
$427B
| $676M | 1.25% | 7,793,435 +94,173 | +1% | +$8.16M |
|
7
Wells Fargo
WFC
$263B
| $623M | 1.16% | 15,088,491 +214,406 | +1% | +$8.86M |
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $618M | 1.15% | 705,579 +15,245 | +2% | +$13.4M |
|
9
Procter & Gamble
PG
$368B
| $583M | 1.08% | 7,709,777 +90,577 | +1% | +$6.85M |
|
10
JPMorgan Chase
JPM
$829B
| $569M | 1.05% | 10,999,227 +243,400 | +2% | +$12.6M |
|
11
AT&T
T
$209B
| $568M | 1.05% | 16,790,582 +434,053 | +3% | +$14.7M |
|
12
IBM
IBM
$227B
| $565M | 1.05% | 3,053,354 +61,767 | +2% | +$11.4M |
|
13
Pfizer
PFE
$141B
| $491M | 0.91% | 17,086,815 +162,887 | +1% | +$4.68M |
|
14
Bank of America
BAC
$376B
| $462M | 0.86% | 33,470,478 -322,977 | -1% | -$4.46M |
|
15
Coca-Cola
KO
$297B
| $448M | 0.83% | 11,816,638 +216,688 | +2% | +$8.21M |
|
16
Citigroup
C
$178B
| $430M | 0.8% | 8,869,603 +10,580 | +0.1% | +$513K |
|
17
Verizon
VZ
$186B
| $403M | 0.75% | 8,642,505 +129,744 | +2% | +$6.05M |
|
18
Merck
MRK
$210B
| $382M | 0.71% | 8,014,279 +97,240 | +1% | +$4.63M |
|
19
Walmart
WMT
$774B
| $356M | 0.66% | 4,817,466 +47,855 | +1% | +$3.54M |
|
|
20
SPDR S&P Emerging Markets Small Cap ETF
EWX
$718M
| $346M | 0.64% | 7,604,110 -1,087,004 | -13% | -$49.4M |
|
21
PepsiCo
PEP
$204B
| $341M | 0.63% | 4,286,106 +82,960 | +2% | +$6.6M |
|
22
Cisco
CSCO
$274B
| $337M | 0.62% | 14,400,614 +152,830 | +1% | +$3.58M |
|
23
Intel
INTC
$107B
| $334M | 0.62% | 14,593,402 +755,097 | +5% | +$17.3M |
|
24
Berkshire Hathaway Class B
BRK.B
$1.09T
| $332M | 0.62% | 2,924,350 +112,134 | +4% | +$12.7M |
|
25
Oracle
ORCL
$635B
| $322M | 0.6% | 9,720,256 +115,724 | +1% | +$3.84M |
|