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
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
DuPont de Nemours
DD
|
$236M |
| 4 |
Microsoft
MSFT
|
$209M |
| 5 |
JPMorgan Chase
JPM
|
$134M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.77T
| $1.94B | 2.29% | 14,475,774 -1,560,552 | -10% | -$209M |
|
|
2
Apple
AAPL
$3.45T
| $1.67B | 1.98% | 8,462,278 -1,251,649 | -13% | -$248M |
|
3
Amazon
AMZN
$2.44T
| $1.29B | 1.52% | 682,091 -32,516 | -5% | -$61.6M |
|
4
Johnson & Johnson
JNJ
$427B
| $1.21B | 1.43% | 8,721,434 +352,915 | +4% | +$49.2M |
|
|
5
Coca-Cola
KO
$297B
| $1.17B | 1.38% | 23,023,556 +3,984,190 | +21% | +$203M |
|
|
6
PepsiCo
PEP
$204B
| $1.17B | 1.38% | 8,887,074 +1,528,887 | +21% | +$200M |
|
7
Procter & Gamble
PG
$368B
| $1.14B | 1.35% | 10,429,044 +711,449 | +7% | +$78M |
|
8
Pfizer
PFE
$141B
| $1B | 1.19% | 23,186,244 +1,159,857 | +5% | +$50.2M |
|
9
Visa
V
$683B
| $958M | 1.13% | 5,522,110 +328,807 | +6% | +$57.1M |
|
10
Alphabet (Google) Class A
GOOGL
$2.57T
| $851M | 1.01% | 786,358 -85,595 | -10% | -$92.7M |
|
11
Verizon
VZ
$186B
| $846M | 1% | 14,803,122 +1,219,502 | +9% | +$69.7M |
|
|
12
McDonald's
MCD
$224B
| $826M | 0.98% | 3,977,261 +502,349 | +14% | +$104M |
|
13
AT&T
T
$209B
| $795M | 0.94% | 23,728,170 +1,032,301 | +5% | +$34.6M |
|
14
Merck
MRK
$210B
| $763M | 0.9% | 9,094,148 +420,193 | +5% | +$35.2M |
|
15
Cisco
CSCO
$274B
| $761M | 0.9% | 13,909,185 +44,733 | +0.3% | +$2.45M |
|
16
Meta Platforms (Facebook)
META
$1.86T
| $759M | 0.9% | 3,934,285 -162,156 | -4% | -$31.3M |
|
17
UnitedHealth
UNH
$281B
| $712M | 0.84% | 2,919,205 +42,010 | +1% | +$10.3M |
|
|
18
NextEra Energy, Inc.
NEE
$148B
| $704M | 0.83% | 3,437,222 +550,956 | +19% | +$113M |
|
19
Exxon Mobil
XOM
$487B
| $656M | 0.77% | 8,556,098 -1,161,390 | -12% | -$89M |
|
20
Accenture
ACN
$162B
| $628M | 0.74% | 3,401,037 +300,023 | +10% | +$55.4M |
|
|
21
JPMorgan Chase
JPM
$829B
| $628M | 0.74% | 5,619,677 -1,198,360 | -18% | -$134M |
|
22
Walmart
WMT
$774B
| $620M | 0.73% | 5,609,741 +333,489 | +6% | +$36.8M |
|
23
Walt Disney
DIS
$213B
| $587M | 0.69% | 4,203,789 -205,871 | -5% | -$28.7M |
|
24
Home Depot
HD
$405B
| $562M | 0.66% | 2,701,601 -22,838 | -0.8% | -$4.75M |
|
25
Chevron
CVX
$324B
| $559M | 0.66% | 4,491,628 -262,939 | -6% | -$32.7M |
|