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 |
Coca-Cola
KO
|
$95.4M |
| 2 |
PepsiCo
PEP
|
$73.5M |
| 3 |
Accenture
ACN
|
$68.9M |
| 4 |
Lockheed Martin
LMT
|
$66.5M |
| 5 |
Simon Property Group
SPG
|
$53.6M |
Top Sells
| 1 |
JPMorgan Chase
JPM
|
$144M |
| 2 |
Apple
AAPL
|
$100M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$98.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
$91.6M |
| 5 |
Meta Platforms (Facebook)
META
|
$65.5M |
Sector Composition
| 1 | Technology | 17.51% |
| 2 | Financials | 17.03% |
| 3 | Healthcare | 13.68% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $2.48B | 3.2% | 10,982,155 -444,593 | -4% | -$100M |
|
2
Microsoft
MSFT
$3.77T
| $1.84B | 2.37% | 16,079,722 -500,103 | -3% | -$57.2M |
|
3
Amazon
AMZN
$2.44T
| $1.54B | 1.98% | 768,353 -7,490 | -1% | -$15M |
|
|
4
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.15B | 1.48% | 948,842 -75,897 | -7% | -$91.6M |
|
5
Johnson & Johnson
JNJ
$427B
| $939M | 1.21% | 6,796,828 +337,058 | +5% | +$46.6M |
|
|
6
JPMorgan Chase
JPM
$829B
| $894M | 1.15% | 7,926,417 -1,275,248 | -14% | -$144M |
|
7
Exxon Mobil
XOM
$487B
| $873M | 1.13% | 10,269,169 -672,626 | -6% | -$57.2M |
|
8
Pfizer
PFE
$141B
| $786M | 1.01% | 17,828,802 +973,487 | +6% | +$42.9M |
|
|
9
Meta Platforms (Facebook)
META
$1.86T
| $738M | 0.95% | 4,486,212 -398,085 | -8% | -$65.5M |
|
10
UnitedHealth
UNH
$281B
| $687M | 0.89% | 2,581,294 -129,535 | -5% | -$34.5M |
|
11
AT&T
T
$209B
| $666M | 0.86% | 19,838,715 -1,094,347 | -5% | -$36.7M |
|
12
Bank of America
BAC
$376B
| $646M | 0.83% | 21,937,508 -1,745,412 | -7% | -$51.4M |
|
13
Visa
V
$683B
| $643M | 0.83% | 4,286,931 +181,632 | +4% | +$27.3M |
|
|
14
Berkshire Hathaway Class B
BRK.B
$1.09T
| $631M | 0.81% | 2,949,129 -459,123 | -13% | -$98.3M |
|
15
Cisco
CSCO
$274B
| $627M | 0.81% | 12,878,095 -700,635 | -5% | -$34.1M |
|
16
Apollo Global Management
APO
$77.9B
| $610M | 0.79% | 17,661,415 +33,965 | +0.2% | +$1.17M |
|
17
Verizon
VZ
$186B
| $599M | 0.77% | 11,210,862 +521,518 | +5% | +$27.8M |
|
18
Chevron
CVX
$324B
| $598M | 0.77% | 4,890,505 +150,020 | +3% | +$18.3M |
|
19
Procter & Gamble
PG
$368B
| $580M | 0.75% | 6,974,621 +405,689 | +6% | +$33.8M |
|
20
Intel
INTC
$107B
| $580M | 0.75% | 12,254,698 +95,506 | +0.8% | +$4.52M |
|
|
21
Coca-Cola
KO
$297B
| $562M | 0.72% | 12,172,138 +2,064,573 | +20% | +$95.4M |
|
22
Home Depot
HD
$405B
| $556M | 0.72% | 2,685,277 -77,273 | -3% | -$16M |
|
23
Wells Fargo
WFC
$263B
| $556M | 0.72% | 10,579,095 -1,215,168 | -10% | -$63.9M |
|
24
Merck
MRK
$210B
| $543M | 0.7% | 7,650,408 -67,890 | -0.9% | -$4.82M |
|
25
Mastercard
MA
$538B
| $530M | 0.68% | 2,379,043 +111,400 | +5% | +$24.8M |
|