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 |
S&P Global
SPGI
|
$81.9M |
| 2 |
Charter Communications
CHTR
|
$72.8M |
| 3 |
SHPG
Shire pic
SHPG
|
$37.6M |
| 4 |
Baxter International
BAX
|
$26.4M |
| 5 |
Newell Brands
NWL
|
$18.6M |
Top Sells
Sector Composition
| 1 | Financials | 15.11% |
| 2 | Technology | 13.9% |
| 3 | Healthcare | 13.7% |
| 4 | Industrials | 10.58% |
| 5 | Consumer Discretionary | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$3.45T
| $1.41B | 2.29% | 14,798,184 -329,900 | -2% | -$31.5M |
|
2
Exxon Mobil
XOM
$487B
| $1.15B | 1.87% | 12,302,388 +20,200 | +0.2% | +$1.89M |
|
3
Microsoft
MSFT
$3.77T
| $1.01B | 1.63% | 19,704,144 -535,300 | -3% | -$27.4M |
|
4
Johnson & Johnson
JNJ
$427B
| $894M | 1.45% | 7,367,867 -193,600 | -3% | -$23.5M |
|
5
AT&T
T
$209B
| $779M | 1.26% | 18,020,266 +65,800 | +0.4% | +$2.84M |
|
6
GE Aerospace
GE
$292B
| $750M | 1.21% | 23,831,832 -707,400 | -3% | -$22.3M |
|
7
Wells Fargo
WFC
$263B
| $689M | 1.12% | 14,567,882 -376,900 | -3% | -$17.8M |
|
8
JPMorgan Chase
JPM
$829B
| $663M | 1.07% | 10,665,976 +12,100 | +0.1% | +$752K |
|
9
Amazon
AMZN
$2.44T
| $654M | 1.06% | 913,339 -10,900 | -1% | -$7.8M |
|
10
Verizon
VZ
$186B
| $651M | 1.05% | 11,650,369 +176,527 | +2% | +$9.86M |
|
11
Chevron
CVX
$324B
| $589M | 0.95% | 5,616,161 -271,700 | -5% | -$28.5M |
|
12
Procter & Gamble
PG
$368B
| $586M | 0.95% | 6,923,255 -408,800 | -6% | -$34.6M |
|
13
Meta Platforms (Facebook)
META
$1.86T
| $577M | 0.93% | 5,049,400 -36,400 | -0.7% | -$4.16M |
|
14
Pfizer
PFE
$141B
| $564M | 0.91% | 16,027,338 -767,700 | -5% | -$27M |
|
15
Alphabet (Google) Class A
GOOGL
$2.57T
| $509M | 0.82% | 723,359 -20,000 | -3% | -$14.1M |
|
16
Coca-Cola
KO
$297B
| $485M | 0.79% | 10,703,112 -327,600 | -3% | -$14.9M |
|
|
17
Alphabet (Google) Class C
GOOG
$2.58T
| $480M | 0.78% | 692,892 -20,500 | -3% | -$14.2M |
|
18
Home Depot
HD
$405B
| $454M | 0.74% | 3,557,316 -113,700 | -3% | -$14.5M |
|
19
Comcast
CMCSA
$125B
| $448M | 0.72% | 6,867,800 -456,100 | -6% | -$29.7M |
|
20
Berkshire Hathaway Class B
BRK.B
$1.09T
| $443M | 0.72% | 3,057,800 -58,600 | -2% | -$8.48M |
|
21
PepsiCo
PEP
$204B
| $433M | 0.7% | 4,082,905 +55,900 | +1% | +$5.92M |
|
22
Merck
MRK
$210B
| $431M | 0.7% | 7,478,953 -114,400 | -2% | -$6.59M |
|
23
Intel
INTC
$107B
| $427M | 0.69% | 13,026,978 -240,100 | -2% | -$7.88M |
|
24
IBM
IBM
$227B
| $426M | 0.69% | 2,808,417 -151,900 | -5% | -$23.1M |
|
25
Walt Disney
DIS
$213B
| $425M | 0.69% | 4,343,976 +15,100 | +0.3% | +$1.48M |
|