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 |
Chubb
CB
|
$44.4M |
| 2 |
Broadcom
AVGO
|
$40.5M |
| 3 |
Chevron
CVX
|
$28.4M |
| 4 |
Weyerhaeuser
WY
|
$27.2M |
| 5 |
Dentsply Sirona
XRAY
|
$21.1M |
Top Sells
| 1 |
CB
CHUBB CORPORATION
CB
|
$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
$37.7M |
| 5 |
Alphabet (Google) Class C
GOOG
|
$35.7M |
Sector Composition
| 1 | Financials | 15.3% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 13.35% |
| 4 | Industrials | 10.85% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$3.45T
| $1.65B | 2.66% | 15,128,084 +7,000 | +0% | +$763K |
|
2
Microsoft
MSFT
$3.77T
| $1.12B | 1.8% | 20,239,444 -382,072 | -2% | -$21.1M |
|
3
Exxon Mobil
XOM
$487B
| $1.03B | 1.66% | 12,282,188 +41,000 | +0.3% | +$3.43M |
|
4
Johnson & Johnson
JNJ
$427B
| $818M | 1.32% | 7,561,467 +120,800 | +2% | +$13.1M |
|
5
GE Aerospace
GE
$292B
| $780M | 1.26% | 24,539,232 +630,500 | +3% | +$20M |
|
6
Wells Fargo
WFC
$263B
| $723M | 1.17% | 14,944,782 +307,600 | +2% | +$14.9M |
|
7
AT&T
T
$209B
| $703M | 1.13% | 17,954,466 -364,700 | -2% | -$14.3M |
|
8
JPMorgan Chase
JPM
$829B
| $631M | 1.02% | 10,653,876 -4,800 | -0% | -$284K |
|
9
Verizon
VZ
$186B
| $621M | 1% | 11,473,842 -50,800 | -0.4% | -$2.75M |
|
10
Procter & Gamble
PG
$368B
| $604M | 0.97% | 7,332,055 -4,900 | -0.1% | -$403K |
|
|
11
Meta Platforms (Facebook)
META
$1.86T
| $580M | 0.94% | 5,085,800 -330,500 | -6% | -$37.7M |
|
|
12
Alphabet (Google) Class A
GOOGL
$2.57T
| $567M | 0.91% | 743,359 -40,900 | -5% | -$31.2M |
|
|
13
Chevron
CVX
$324B
| $562M | 0.91% | 5,887,861 +297,300 | +5% | +$28.4M |
|
14
Amazon
AMZN
$2.44T
| $549M | 0.88% | 924,239 -29,300 | -3% | -$17.4M |
|
|
15
Alphabet (Google) Class C
GOOG
$2.58T
| $531M | 0.86% | 713,392 -47,900 | -6% | -$35.7M |
|
16
Coca-Cola
KO
$297B
| $512M | 0.83% | 11,030,712 -455,200 | -4% | -$21.1M |
|
17
Pfizer
PFE
$141B
| $498M | 0.8% | 16,795,038 -4,600 | -0% | -$136K |
|
18
Home Depot
HD
$405B
| $490M | 0.79% | 3,671,016 -83,900 | -2% | -$11.2M |
|
19
IBM
IBM
$227B
| $448M | 0.72% | 2,960,317 +111,900 | +4% | +$16.9M |
|
20
Comcast
CMCSA
$125B
| $447M | 0.72% | 7,323,900 -333,900 | -4% | -$20.4M |
|
21
Berkshire Hathaway Class B
BRK.B
$1.09T
| $442M | 0.71% | 3,116,400 -5,200 | -0.2% | -$738K |
|
22
Walt Disney
DIS
$213B
| $430M | 0.69% | 4,328,876 -241,600 | -5% | -$24M |
|
23
Intel
INTC
$107B
| $429M | 0.69% | 13,267,078 -189,900 | -1% | -$6.14M |
|
24
PepsiCo
PEP
$204B
| $413M | 0.67% | 4,027,005 -160,500 | -4% | -$16.4M |
|
25
Bank of America
BAC
$376B
| $409M | 0.66% | 30,287,513 -102,100 | -0.3% | -$1.38M |
|