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 |
Comcast
CMCSA
|
$209M |
| 2 |
YHOO
Yahoo Inc
YHOO
|
$84.3M |
| 3 |
Zoetis
ZTS
|
$65.3M |
| 4 |
Yum! Brands
YUM
|
$53.2M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
$45.7M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$122M |
| 2 |
Apple
AAPL
|
$61.9M |
| 3 |
SE
Spectra Energy Corp Wi
SE
|
$57.7M |
| 4 |
STJ
St Jude Medical
STJ
|
$53.3M |
| 5 |
Microsoft
MSFT
|
$51.7M |
Sector Composition
| 1 | Financials | 17.68% |
| 2 | Technology | 15.06% |
| 3 | Healthcare | 12.81% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $1.78B | 2.91% | 12,416,920 -430,800 | -3% | -$61.9M |
|
|
2
Microsoft
MSFT
$3.77T
| $1.14B | 1.85% | 17,241,644 -785,200 | -4% | -$51.7M |
|
3
Exxon Mobil
XOM
$487B
| $868M | 1.42% | 10,580,882 -505,506 | -5% | -$41.5M |
|
4
Johnson & Johnson
JNJ
$427B
| $839M | 1.37% | 6,738,027 +90,100 | +1% | +$11.2M |
|
5
JPMorgan Chase
JPM
$829B
| $810M | 1.32% | 9,215,976 +54,400 | +0.6% | +$4.78M |
|
6
Wells Fargo
WFC
$263B
| $735M | 1.2% | 13,201,482 +428,400 | +3% | +$23.8M |
|
7
Amazon
AMZN
$2.44T
| $700M | 1.14% | 790,039 -13,800 | -2% | -$12.2M |
|
8
Meta Platforms (Facebook)
META
$1.86T
| $676M | 1.1% | 4,757,800 -83,500 | -2% | -$11.9M |
|
9
AT&T
T
$209B
| $669M | 1.09% | 16,092,566 -269,800 | -2% | -$11.2M |
|
10
Bank of America
BAC
$376B
| $629M | 1.03% | 26,676,313 -28,700 | -0.1% | -$677K |
|
11
GE Aerospace
GE
$292B
| $622M | 1.02% | 20,877,532 -521,000 | -2% | -$15.5M |
|
12
Procter & Gamble
PG
$368B
| $565M | 0.92% | 6,291,365 -364,600 | -5% | -$32.8M |
|
13
Alphabet (Google) Class A
GOOGL
$2.57T
| $536M | 0.87% | 631,815 -22,000 | -3% | -$18.7M |
|
14
Chevron
CVX
$324B
| $520M | 0.85% | 4,843,561 -160,500 | -3% | -$17.2M |
|
15
Verizon
VZ
$186B
| $500M | 0.82% | 10,261,369 -209,100 | -2% | -$10.2M |
|
16
Pfizer
PFE
$141B
| $499M | 0.81% | 14,599,438 -102,700 | -0.7% | -$3.51M |
|
|
17
Alphabet (Google) Class C
GOOG
$2.58T
| $493M | 0.8% | 593,992 -12,600 | -2% | -$10.5M |
|
18
Citigroup
C
$178B
| $465M | 0.76% | 7,770,579 +269,400 | +4% | +$16.1M |
|
19
Home Depot
HD
$405B
| $446M | 0.73% | 3,034,839 -19,700 | -0.6% | -$2.89M |
|
20
Merck
MRK
$210B
| $440M | 0.72% | 6,924,553 +71,200 | +1% | +$4.52M |
|
21
Berkshire Hathaway Class B
BRK.B
$1.09T
| $439M | 0.72% | 2,633,500 -163,800 | -6% | -$27.3M |
|
|
22
Apollo Global Management
APO
$77.9B
| $428M | 0.7% | 17,589,801 -5,000,100 | -22% | -$122M |
|
23
Intel
INTC
$107B
| $425M | 0.69% | 11,793,278 -134,600 | -1% | -$4.86M |
|
|
24
Comcast
CMCSA
$125B
| $424M | 0.69% | 11,280,828 +5,572,814 | +98% | +$209M |
|
25
Walt Disney
DIS
$213B
| $421M | 0.69% | 3,714,312 -4,300 | -0.1% | -$488K |
|