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 |
Walmart
WMT
|
$250M |
| 2 |
Amphenol
APH
|
$147M |
| 3 |
Target
TGT
|
$142M |
| 4 |
Abbott
ABT
|
$113M |
| 5 |
Verizon
VZ
|
$87.4M |
Top Sells
| 1 |
Alibaba
BABA
|
$930M |
| 2 |
Apple
AAPL
|
$258M |
| 3 |
Ross Stores
ROST
|
$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
$117M |
| 5 |
NVR
NVR
|
$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $4.44B | 3.38% | 36,342,367 -2,112,801 | -5% | -$258M |
|
2
Microsoft
MSFT
$3.77T
| $4.36B | 3.32% | 18,481,974 +60,221 | +0.3% | +$14.2M |
|
3
Amazon
AMZN
$2.44T
| $3.26B | 2.48% | 1,054,340 +1,905 | +0.2% | +$5.89M |
|
4
Johnson & Johnson
JNJ
$427B
| $1.88B | 1.43% | 11,419,295 -230,060 | -2% | -$37.8M |
|
5
Meta Platforms (Facebook)
META
$1.86T
| $1.63B | 1.24% | 5,525,451 -210,858 | -4% | -$62.1M |
|
|
6
Verizon
VZ
$186B
| $1.59B | 1.21% | 27,373,375 +1,503,863 | +6% | +$87.4M |
|
7
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.54B | 1.17% | 745,388 -23,954 | -3% | -$49.4M |
|
8
PepsiCo
PEP
$204B
| $1.39B | 1.06% | 9,804,472 -157,818 | -2% | -$22.3M |
|
|
9
Alphabet (Google) Class C
GOOG
$2.58T
| $1.38B | 1.05% | 668,092 +20,868 | +3% | +$43.2M |
|
10
Visa
V
$683B
| $1.37B | 1.04% | 6,485,666 -155,698 | -2% | -$33M |
|
11
Coca-Cola
KO
$297B
| $1.33B | 1.01% | 25,159,259 -661,664 | -3% | -$34.9M |
|
12
Procter & Gamble
PG
$368B
| $1.32B | 1.01% | 9,763,167 -218,181 | -2% | -$29.5M |
|
|
13
Walmart
WMT
$774B
| $1.24B | 0.95% | 9,149,915 +1,839,014 | +25% | +$250M |
|
14
Tesla
TSLA
$1.08T
| $1.17B | 0.89% | 1,758,058 -20,275 | -1% | -$13.5M |
|
15
NextEra Energy, Inc.
NEE
$148B
| $1.14B | 0.87% | 15,128,675 -690,660 | -4% | -$52.2M |
|
16
JPMorgan Chase
JPM
$829B
| $1.06B | 0.8% | 6,932,533 -286,521 | -4% | -$43.6M |
|
17
Accenture
ACN
$162B
| $1.05B | 0.8% | 3,809,271 -60,404 | -2% | -$16.7M |
|
18
Merck
MRK
$210B
| $1.03B | 0.78% | 13,312,236 -230,176 | -2% | -$17.7M |
|
19
McDonald's
MCD
$224B
| $1.02B | 0.78% | 4,563,140 -76,198 | -2% | -$17.1M |
|
20
Adobe
ADBE
$151B
| $1.01B | 0.77% | 2,134,206 -40,635 | -2% | -$19.3M |
|
21
Home Depot
HD
$405B
| $993M | 0.76% | 3,252,137 -93,999 | -3% | -$28.7M |
|
22
AT&T
T
$209B
| $850M | 0.65% | 28,076,080 -566,218 | -2% | -$17.1M |
|
23
Eli Lilly
LLY
$657B
| $839M | 0.64% | 4,493,378 -81,984 | -2% | -$15.3M |
|
24
UnitedHealth
UNH
$281B
| $811M | 0.62% | 2,178,460 -92,153 | -4% | -$34.3M |
|
25
Cisco
CSCO
$274B
| $777M | 0.59% | 15,031,648 -421,467 | -3% | -$21.8M |
|