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 |
Vanguard S&P 500 ETF
VOO
|
$3.7B |
| 2 |
iShares Core S&P 500 ETF
IVV
|
$3.19B |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
$506M |
| 4 |
Cisco
CSCO
|
$402M |
| 5 |
Intuitive Surgical
ISRG
|
$179M |
Top Sells
| 1 |
Coca-Cola
KO
|
$247M |
| 2 |
Apple
AAPL
|
$220M |
| 3 |
Medtronic
MDT
|
$192M |
| 4 |
American Tower
AMT
|
$186M |
| 5 |
L3Harris
LHX
|
$157M |
Sector Composition
| 1 | Technology | 23.93% |
| 2 | Healthcare | 13.69% |
| 3 | Financials | 11.26% |
| 4 | Consumer Discretionary | 10.21% |
| 5 | Communication Services | 9.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.77T
| $6.19B | 4.14% | 18,398,638 -380,672 | -2% | -$128M |
|
|
2
Apple
AAPL
$3.45T
| $6B | 4.02% | 33,802,955 -1,236,544 | -4% | -$220M |
|
3
Amazon
AMZN
$2.44T
| $3.72B | 2.49% | 1,117,016 +11,896 | +1% | +$39.7M |
|
|
4
Vanguard S&P 500 ETF
VOO
$726B
| $3.7B | 2.48% | +8,480,000 | New | +$3.7B |
|
|
5
iShares Core S&P 500 ETF
IVV
$661B
| $3.19B | 2.13% | +6,682,000 | New | +$3.19B |
|
6
Alphabet (Google) Class A
GOOGL
$2.57T
| $2.04B | 1.37% | 704,502 -23,616 | -3% | -$68.4M |
|
7
Johnson & Johnson
JNJ
$427B
| $1.99B | 1.33% | 11,640,292 +255,565 | +2% | +$43.7M |
|
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $1.94B | 1.3% | 671,362 -24,076 | -3% | -$69.7M |
|
9
Tesla
TSLA
$1.08T
| $1.85B | 1.24% | 1,752,320 -22,366 | -1% | -$23.6M |
|
10
Meta Platforms (Facebook)
META
$1.86T
| $1.83B | 1.23% | 5,455,210 -236,628 | -4% | -$79.6M |
|
|
11
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.68B | 1.12% | 5,612,308 +1,693,785 | +43% | +$506M |
|
12
PepsiCo
PEP
$204B
| $1.67B | 1.12% | 9,591,655 -293,055 | -3% | -$50.9M |
|
13
Accenture
ACN
$162B
| $1.57B | 1.05% | 3,776,519 -44,517 | -1% | -$18.5M |
|
14
Verizon
VZ
$186B
| $1.55B | 1.04% | 29,881,312 +529,557 | +2% | +$27.5M |
|
15
Procter & Gamble
PG
$368B
| $1.55B | 1.04% | 9,486,455 -273,814 | -3% | -$44.8M |
|
16
Walmart
WMT
$774B
| $1.55B | 1.04% | 10,704,778 -68,103 | -0.6% | -$9.85M |
|
17
NVIDIA
NVDA
$4.25T
| $1.52B | 1.02% | 5,167,977 -159,108 | -3% | -$46.8M |
|
|
18
Cisco
CSCO
$274B
| $1.47B | 0.99% | 23,253,771 +6,349,689 | +38% | +$402M |
|
19
NextEra Energy, Inc.
NEE
$148B
| $1.38B | 0.92% | 14,758,520 -385,775 | -3% | -$36M |
|
20
Visa
V
$683B
| $1.37B | 0.91% | 6,308,427 -141,601 | -2% | -$30.7M |
|
21
Adobe
ADBE
$151B
| $1.31B | 0.87% | 2,301,598 -14,326 | -0.6% | -$8.12M |
|
22
Costco
COST
$418B
| $1.29B | 0.87% | 2,277,063 -11,678 | -0.5% | -$6.63M |
|
23
Home Depot
HD
$405B
| $1.28B | 0.86% | 3,094,543 -82,017 | -3% | -$34M |
|
24
McDonald's
MCD
$224B
| $1.22B | 0.81% | 4,536,090 -41,247 | -0.9% | -$11.1M |
|
25
Eli Lilly
LLY
$657B
| $1.21B | 0.81% | 4,386,571 -118,413 | -3% | -$32.7M |
|