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 |
Intercontinental Exchange
ICE
|
$52.5M |
| 2 |
Coty
COTY
|
$42M |
| 3 |
Monster Beverage
MNST
|
$26.6M |
| 4 |
Yum China
YUMC
|
$22.3M |
| 5 |
Howmet Aerospace
HWM
|
$19M |
Top Sells
| 1 |
Apple
AAPL
|
$99.5M |
| 2 |
Alcoa
AA
|
$84.6M |
| 3 |
Synchrony
SYF
|
$72.8M |
| 4 |
Microsoft
MSFT
|
$68.4M |
| 5 |
JPMorgan Chase
JPM
|
$63.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 14.39% |
| 3 | Healthcare | 12.29% |
| 4 | Industrials | 11.07% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $1.49B | 2.5% | 12,847,720 -858,774 | -6% | -$99.5M |
|
|
2
Microsoft
MSFT
$3.77T
| $1.12B | 1.88% | 18,026,844 -1,101,300 | -6% | -$68.4M |
|
3
Exxon Mobil
XOM
$487B
| $1B | 1.68% | 11,086,388 -579,300 | -5% | -$52.3M |
|
|
4
JPMorgan Chase
JPM
$829B
| $791M | 1.33% | 9,161,576 -738,000 | -7% | -$63.7M |
|
5
Johnson & Johnson
JNJ
$427B
| $766M | 1.29% | 6,647,927 -412,740 | -6% | -$47.6M |
|
6
Wells Fargo
WFC
$263B
| $704M | 1.18% | 12,773,082 -913,500 | -7% | -$50.3M |
|
7
AT&T
T
$209B
| $696M | 1.17% | 16,362,366 -606,100 | -4% | -$25.8M |
|
8
GE Aerospace
GE
$292B
| $676M | 1.13% | 21,398,532 -1,284,200 | -6% | -$40.6M |
|
9
Amazon
AMZN
$2.44T
| $603M | 1.01% | 803,839 -62,700 | -7% | -$47M |
|
10
Bank of America
BAC
$376B
| $590M | 0.99% | 26,705,013 -1,649,500 | -6% | -$36.5M |
|
11
Chevron
CVX
$324B
| $589M | 0.99% | 5,004,061 -269,800 | -5% | -$31.8M |
|
12
Procter & Gamble
PG
$368B
| $560M | 0.94% | 6,655,965 -509,890 | -7% | -$42.9M |
|
13
Verizon
VZ
$186B
| $559M | 0.94% | 10,470,469 -569,700 | -5% | -$30.4M |
|
14
Meta Platforms (Facebook)
META
$1.86T
| $557M | 0.93% | 4,841,300 -366,000 | -7% | -$42.1M |
|
15
Alphabet (Google) Class A
GOOGL
$2.57T
| $518M | 0.87% | 653,815 -34,044 | -5% | -$27M |
|
16
Pfizer
PFE
$141B
| $478M | 0.8% | 14,702,138 -614,000 | -4% | -$19.9M |
|
|
17
Alphabet (Google) Class C
GOOG
$2.58T
| $468M | 0.79% | 606,592 -45,300 | -7% | -$35M |
|
18
Berkshire Hathaway Class B
BRK.B
$1.09T
| $456M | 0.77% | 2,797,300 -120,000 | -4% | -$19.6M |
|
19
Citigroup
C
$178B
| $446M | 0.75% | 7,501,179 -298,000 | -4% | -$17.7M |
|
20
Intel
INTC
$107B
| $433M | 0.73% | 11,927,878 -647,400 | -5% | -$23.5M |
|
21
IBM
IBM
$227B
| $422M | 0.71% | 2,544,717 -134,500 | -5% | -$22.3M |
|
22
Home Depot
HD
$405B
| $410M | 0.69% | 3,054,539 -257,177 | -8% | -$34.5M |
|
23
Merck
MRK
$210B
| $403M | 0.68% | 6,853,353 -316,700 | -4% | -$18.6M |
|
24
Coca-Cola
KO
$297B
| $402M | 0.68% | 9,707,812 -94,600 | -1% | -$3.92M |
|
25
UnitedHealth
UNH
$281B
| $395M | 0.66% | 2,466,514 -25,700 | -1% | -$4.11M |
|