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 |
Kraft Heinz
KHC
|
$103M |
| 2 |
NETSCOUT
NTCT
|
$102M |
| 3 |
PayPal
PYPL
|
$87.9M |
| 4 |
Netflix
NFLX
|
$87.2M |
| 5 |
AT&T
T
|
$53.9M |
Top Sells
| 1 |
Alphabet (Google) Class C
GOOG
|
$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
$129M |
| 4 |
Apple
AAPL
|
$56.2M |
| 5 |
Danaher
DHR
|
$50.5M |
Sector Composition
| 1 | Financials | 16.47% |
| 2 | Technology | 14.3% |
| 3 | Healthcare | 14.2% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $1.72B | 2.92% | 15,569,684 -509,110 | -3% | -$56.2M |
|
2
Exxon Mobil
XOM
$487B
| $908M | 1.54% | 12,210,288 +351,800 | +3% | +$26.2M |
|
3
Microsoft
MSFT
$3.77T
| $884M | 1.5% | 19,982,217 -655,299 | -3% | -$29M |
|
4
Wells Fargo
WFC
$263B
| $765M | 1.3% | 14,905,883 -367,799 | -2% | -$18.9M |
|
5
GE Aerospace
GE
$292B
| $701M | 1.19% | 27,803,992 -187,700 | -0.7% | -$4.73M |
|
6
Johnson & Johnson
JNJ
$427B
| $695M | 1.18% | 7,441,367 -260,700 | -3% | -$24.3M |
|
7
JPMorgan Chase
JPM
$829B
| $650M | 1.1% | 10,654,576 -282,675 | -3% | -$17.2M |
|
|
8
AT&T
T
$209B
| $594M | 1.01% | 18,245,766 +1,655,215 | +10% | +$53.9M |
|
9
Pfizer
PFE
$141B
| $541M | 0.92% | 17,223,838 -471,600 | -3% | -$14.8M |
|
10
Procter & Gamble
PG
$368B
| $526M | 0.89% | 7,316,756 -441,199 | -6% | -$31.7M |
|
11
Verizon
VZ
$186B
| $511M | 0.87% | 11,736,342 -338,665 | -3% | -$14.7M |
|
12
Amazon
AMZN
$2.44T
| $487M | 0.83% | 951,439 -53,000 | -5% | -$27.1M |
|
13
Meta Platforms (Facebook)
META
$1.86T
| $486M | 0.83% | 5,405,400 -173,700 | -3% | -$15.6M |
|
14
Walt Disney
DIS
$213B
| $481M | 0.82% | 4,702,776 -22,900 | -0.5% | -$2.34M |
|
15
Bank of America
BAC
$376B
| $473M | 0.8% | 30,332,913 -470,500 | -2% | -$7.33M |
|
16
Chevron
CVX
$324B
| $455M | 0.77% | 5,765,561 +320,100 | +6% | +$25.2M |
|
17
Coca-Cola
KO
$297B
| $447M | 0.76% | 11,138,513 -336,999 | -3% | -$13.5M |
|
18
Home Depot
HD
$405B
| $423M | 0.72% | 3,666,016 -103,500 | -3% | -$12M |
|
19
Citigroup
C
$178B
| $421M | 0.71% | 8,478,879 -95,000 | -1% | -$4.71M |
|
20
IBM
IBM
$227B
| $410M | 0.7% | 2,825,917 -73,800 | -3% | -$10.7M |
|
21
Intel
INTC
$107B
| $406M | 0.69% | 13,457,778 -446,700 | -3% | -$13.5M |
|
22
Berkshire Hathaway Class B
BRK.B
$1.09T
| $395M | 0.67% | 3,028,200 -101,400 | -3% | -$13.2M |
|
23
Comcast
CMCSA
$125B
| $395M | 0.67% | 6,939,300 -193,479 | -3% | -$11M |
|
24
PepsiCo
PEP
$204B
| $394M | 0.67% | 4,180,805 -122,300 | -3% | -$11.5M |
|
25
Gilead Sciences
GILD
$140B
| $390M | 0.66% | 3,968,418 +8,800 | +0.2% | +$864K |
|