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 |
Fortive
FTV
|
$29.3M |
| 2 |
Procter & Gamble
PG
|
$21.8M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
$21.3M |
| 4 |
Dell
DELL
|
$20.7M |
| 5 |
Marriott International Class A Common Stock
MAR
|
$20.7M |
Top Sells
| 1 |
EMC
EMC CORPORATION
EMC
|
$132M |
| 2 |
Apple
AAPL
|
$123M |
| 3 |
Exxon Mobil
XOM
|
$55.6M |
| 4 |
Herc Holdings
HRI
|
$54.3M |
| 5 |
JPMorgan Chase
JPM
|
$51M |
Sector Composition
| 1 | Financials | 15.67% |
| 2 | Technology | 14.76% |
| 3 | Healthcare | 13.19% |
| 4 | Industrials | 10.65% |
| 5 | Consumer Discretionary | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $1.55B | 2.55% | 13,706,494 -1,091,690 | -7% | -$123M |
|
2
Microsoft
MSFT
$3.77T
| $1.1B | 1.81% | 19,128,144 -576,000 | -3% | -$33.2M |
|
|
3
Exxon Mobil
XOM
$487B
| $1.02B | 1.67% | 11,665,688 -636,700 | -5% | -$55.6M |
|
4
Johnson & Johnson
JNJ
$427B
| $834M | 1.37% | 7,060,667 -307,200 | -4% | -$36.3M |
|
5
Amazon
AMZN
$2.44T
| $726M | 1.19% | 866,539 -46,800 | -5% | -$39.2M |
|
6
AT&T
T
$209B
| $689M | 1.13% | 16,968,466 -1,051,800 | -6% | -$42.7M |
|
7
GE Aerospace
GE
$292B
| $672M | 1.1% | 22,682,732 -1,149,100 | -5% | -$34M |
|
8
Meta Platforms (Facebook)
META
$1.86T
| $668M | 1.1% | 5,207,300 +157,900 | +3% | +$20.3M |
|
|
9
JPMorgan Chase
JPM
$829B
| $659M | 1.08% | 9,899,576 -766,400 | -7% | -$51M |
|
|
10
Procter & Gamble
PG
$368B
| $643M | 1.06% | 7,165,855 +242,600 | +4% | +$21.8M |
|
11
Wells Fargo
WFC
$263B
| $606M | 1% | 13,686,582 -881,300 | -6% | -$39M |
|
12
Verizon
VZ
$186B
| $574M | 0.94% | 11,040,169 -610,200 | -5% | -$31.7M |
|
13
Alphabet (Google) Class A
GOOGL
$2.57T
| $553M | 0.91% | 687,859 -35,500 | -5% | -$28.5M |
|
14
Chevron
CVX
$324B
| $543M | 0.89% | 5,273,861 -342,300 | -6% | -$35.2M |
|
15
Pfizer
PFE
$141B
| $519M | 0.85% | 15,316,138 -711,200 | -4% | -$24.1M |
|
|
16
Alphabet (Google) Class C
GOOG
$2.58T
| $507M | 0.83% | 651,892 -41,000 | -6% | -$31.9M |
|
17
Intel
INTC
$107B
| $475M | 0.78% | 12,575,278 -451,700 | -3% | -$17.1M |
|
18
Merck
MRK
$210B
| $447M | 0.74% | 7,170,053 -308,900 | -4% | -$19.3M |
|
19
Bank of America
BAC
$376B
| $444M | 0.73% | 28,354,513 -1,259,400 | -4% | -$19.7M |
|
20
Home Depot
HD
$405B
| $426M | 0.7% | 3,311,716 -245,600 | -7% | -$31.6M |
|
21
IBM
IBM
$227B
| $426M | 0.7% | 2,679,217 -129,200 | -5% | -$20.5M |
|
22
Berkshire Hathaway Class B
BRK.B
$1.09T
| $421M | 0.69% | 2,917,300 -140,500 | -5% | -$20.3M |
|
23
PepsiCo
PEP
$204B
| $420M | 0.69% | 3,864,005 -218,900 | -5% | -$23.8M |
|
24
Coca-Cola
KO
$297B
| $415M | 0.68% | 9,802,412 -900,700 | -8% | -$38.1M |
|
25
Comcast
CMCSA
$125B
| $405M | 0.67% | 6,111,800 -756,000 | -11% | -$50.2M |
|