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 |
Costco
COST
|
$253M |
| 2 |
Walmart
WMT
|
$201M |
| 3 |
Amazon
AMZN
|
$110M |
| 4 |
CSX Corp
CSX
|
$108M |
| 5 |
United Parcel Service
UPS
|
$103M |
Top Sells
| 1 |
TJX Companies
TJX
|
$413M |
| 2 |
Chubb
CB
|
$336M |
| 3 |
Coca-Cola
KO
|
$252M |
| 4 |
McCormick & Company Non-Voting
MKC
|
$169M |
| 5 |
Apple
AAPL
|
$152M |
Sector Composition
| 1 | Technology | 23.04% |
| 2 | Healthcare | 14.63% |
| 3 | Financials | 12.69% |
| 4 | Consumer Discretionary | 10.7% |
| 5 | Communication Services | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.77T
| $4.94B | 3.7% | 18,218,686 -263,288 | -1% | -$71.3M |
|
|
2
Apple
AAPL
$3.45T
| $4.83B | 3.62% | 35,232,666 -1,109,701 | -3% | -$152M |
|
|
3
Amazon
AMZN
$2.44T
| $3.74B | 2.8% | 1,086,266 +31,926 | +3% | +$110M |
|
4
Meta Platforms (Facebook)
META
$1.86T
| $1.88B | 1.41% | 5,405,944 -119,507 | -2% | -$41.6M |
|
5
Johnson & Johnson
JNJ
$427B
| $1.87B | 1.4% | 11,321,920 -97,375 | -0.9% | -$16M |
|
6
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.79B | 1.34% | 732,400 -12,988 | -2% | -$31.7M |
|
|
7
Alphabet (Google) Class C
GOOG
$2.58T
| $1.61B | 1.21% | 642,039 -26,053 | -4% | -$65.3M |
|
8
Verizon
VZ
$186B
| $1.55B | 1.16% | 27,581,353 +207,978 | +0.8% | +$11.7M |
|
9
Visa
V
$683B
| $1.5B | 1.13% | 6,426,288 -59,378 | -0.9% | -$13.9M |
|
|
10
Walmart
WMT
$774B
| $1.49B | 1.12% | 10,577,430 +1,427,515 | +16% | +$201M |
|
11
PepsiCo
PEP
$204B
| $1.45B | 1.08% | 9,752,623 -51,849 | -0.5% | -$7.68M |
|
12
Procter & Gamble
PG
$368B
| $1.31B | 0.98% | 9,682,196 -80,971 | -0.8% | -$10.9M |
|
13
Adobe
ADBE
$151B
| $1.23B | 0.92% | 2,099,103 -35,103 | -2% | -$20.6M |
|
14
Tesla
TSLA
$1.08T
| $1.19B | 0.89% | 1,745,609 -12,449 | -0.7% | -$8.46M |
|
15
Accenture
ACN
$162B
| $1.12B | 0.84% | 3,782,677 -26,594 | -0.7% | -$7.84M |
|
|
16
Coca-Cola
KO
$297B
| $1.11B | 0.83% | 20,496,801 -4,662,458 | -19% | -$252M |
|
17
NextEra Energy, Inc.
NEE
$148B
| $1.1B | 0.82% | 15,009,128 -119,547 | -0.8% | -$8.76M |
|
18
JPMorgan Chase
JPM
$829B
| $1.05B | 0.79% | 6,755,698 -176,835 | -3% | -$27.5M |
|
19
McDonald's
MCD
$224B
| $1.05B | 0.79% | 4,542,592 -20,548 | -0.5% | -$4.75M |
|
20
Merck
MRK
$210B
| $1.04B | 0.78% | 13,327,716 +15,480 | +0.1% | +$1.2M |
|
21
Eli Lilly
LLY
$657B
| $1.03B | 0.77% | 4,468,173 -25,205 | -0.6% | -$5.79M |
|
22
Home Depot
HD
$405B
| $1.02B | 0.77% | 3,207,335 -44,802 | -1% | -$14.3M |
|
23
NVIDIA
NVDA
$4.25T
| $977M | 0.73% | 1,221,056 -14,315 | -1% | -$11.5M |
|
24
Berkshire Hathaway Class B
BRK.B
$1.09T
| $901M | 0.68% | 3,242,135 +206,197 | +7% | +$57.3M |
|
25
UnitedHealth
UNH
$281B
| $855M | 0.64% | 2,135,470 -42,990 | -2% | -$17.2M |
|