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 |
SPDR S&P 500 ETF Trust
SPY
|
$334M |
| 2 |
Alibaba
BABA
|
$274M |
| 3 |
Verizon
VZ
|
$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
$201M |
| 5 |
Amazon
AMZN
|
$156M |
Top Sells
| 1 |
UnitedHealth
UNH
|
$185M |
| 2 |
CELG
Celgene Corp
CELG
|
$168M |
| 3 |
Procter & Gamble
PG
|
$121M |
| 4 |
Honeywell
HON
|
$109M |
| 5 |
Progressive
PGR
|
$102M |
Sector Composition
| 1 | Technology | 17.56% |
| 2 | Financials | 15.02% |
| 3 | Healthcare | 12.83% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$3.45T
| $3.15B | 2.85% | 10,712,423 -132,011 | -1% | -$38.8M |
|
2
Microsoft
MSFT
$3.77T
| $2.89B | 2.62% | 18,316,889 -148,163 | -0.8% | -$23.4M |
|
|
3
Amazon
AMZN
$2.44T
| $1.82B | 1.65% | 985,628 +84,157 | +9% | +$156M |
|
4
Johnson & Johnson
JNJ
$427B
| $1.44B | 1.3% | 9,860,128 -338,760 | -3% | -$49.4M |
|
5
Coca-Cola
KO
$297B
| $1.36B | 1.23% | 24,612,179 +175,141 | +0.7% | +$9.69M |
|
6
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.34B | 1.21% | 1,000,728 -5,077 | -0.5% | -$6.8M |
|
7
PepsiCo
PEP
$204B
| $1.3B | 1.18% | 9,537,426 +56,541 | +0.6% | +$7.73M |
|
|
8
Verizon
VZ
$186B
| $1.26B | 1.14% | 20,570,713 +3,644,196 | +22% | +$224M |
|
9
Visa
V
$683B
| $1.22B | 1.11% | 6,515,769 +209,670 | +3% | +$39.4M |
|
|
10
Procter & Gamble
PG
$368B
| $1.2B | 1.09% | 9,642,468 -970,109 | -9% | -$121M |
|
11
Meta Platforms (Facebook)
META
$1.86T
| $1.17B | 1.06% | 5,685,217 +466,805 | +9% | +$95.8M |
|
12
AT&T
T
$209B
| $1.1B | 1% | 28,224,282 +203,881 | +0.7% | +$7.97M |
|
13
JPMorgan Chase
JPM
$829B
| $1.04B | 0.94% | 7,437,009 +467,633 | +7% | +$65.2M |
|
14
NextEra Energy, Inc.
NEE
$148B
| $938M | 0.85% | 3,875,451 +118,311 | +3% | +$28.7M |
|
15
Merck
MRK
$210B
| $922M | 0.83% | 10,133,303 -40,861 | -0.4% | -$3.72M |
|
|
16
Alibaba
BABA
$322B
| $874M | 0.79% | 4,118,685 +1,292,377 | +46% | +$274M |
|
17
McDonald's
MCD
$224B
| $866M | 0.78% | 4,384,732 +9,847 | +0.2% | +$1.95M |
|
|
18
UnitedHealth
UNH
$281B
| $802M | 0.73% | 2,726,522 -629,872 | -19% | -$185M |
|
19
Accenture
ACN
$162B
| $764M | 0.69% | 3,628,323 -96,467 | -3% | -$20.3M |
|
20
Walt Disney
DIS
$213B
| $759M | 0.69% | 5,247,838 +308,113 | +6% | +$44.6M |
|
21
Walmart
WMT
$774B
| $754M | 0.68% | 6,345,056 -72,155 | -1% | -$8.57M |
|
22
Pfizer
PFE
$141B
| $736M | 0.67% | 18,787,672 -2,100,807 | -10% | -$82.3M |
|
23
Cisco
CSCO
$274B
| $730M | 0.66% | 15,229,625 -516,017 | -3% | -$24.7M |
|
24
Home Depot
HD
$405B
| $726M | 0.66% | 3,323,288 +74,855 | +2% | +$16.3M |
|
25
Berkshire Hathaway Class B
BRK.B
$1.09T
| $716M | 0.65% | 3,159,827 -34,351 | -1% | -$7.78M |
|