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 |
Alphabet (Google) Class A
GOOGL
|
$1.37B |
| 2 |
Alphabet (Google) Class C
GOOG
|
$1.23B |
| 3 |
Tesla
TSLA
|
$1.09B |
| 4 |
Apple
AAPL
|
$739M |
| 5 |
Microsoft
MSFT
|
$541M |
Top Sells
| 1 |
Waste Connections
WCN
|
$171M |
| 2 |
Walmart
WMT
|
$168M |
| 3 |
NextEra Energy, Inc.
NEE
|
$168M |
| 4 |
Accenture
ACN
|
$125M |
| 5 |
Adobe
ADBE
|
$116M |
Sector Composition
| 1 | Technology | 22.77% |
| 2 | Healthcare | 16.6% |
| 3 | Financials | 12.34% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $4.88B | 4.49% | 35,282,448 +5,350,006 | +18% | +$739M |
|
|
2
Microsoft
MSFT
$3.77T
| $4.39B | 4.04% | 18,861,097 +2,321,002 | +14% | +$541M |
|
3
Amazon
AMZN
$2.44T
| $2.37B | 2.18% | 20,941,721 +2,192,380 | +12% | +$248M |
|
4
Johnson & Johnson
JNJ
$427B
| $1.92B | 1.77% | 11,751,504 +310,473 | +3% | +$50.7M |
|
|
5
Tesla
TSLA
$1.08T
| $1.52B | 1.4% | 5,738,492 +4,119,383 | +254% | +$1.09B |
|
6
PepsiCo
PEP
$204B
| $1.46B | 1.35% | 8,957,567 -119,412 | -1% | -$19.5M |
|
7
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.45B | 1.34% | 5,433,819 +176,873 | +3% | +$47.2M |
|
|
8
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.44B | 1.32% | 15,006,235 +14,368,152 | +2,252% | +$1.37B |
|
|
9
Alphabet (Google) Class C
GOOG
$2.58T
| $1.29B | 1.19% | 13,440,650 +12,843,870 | +2,152% | +$1.23B |
|
10
Eli Lilly
LLY
$657B
| $1.24B | 1.14% | 3,821,350 -17,062 | -0.4% | -$5.52M |
|
11
Merck
MRK
$210B
| $1.18B | 1.09% | 13,754,699 -475,134 | -3% | -$40.9M |
|
|
12
Walmart
WMT
$774B
| $1.18B | 1.09% | 9,093,867 -1,295,569 | -12% | -$168M |
|
13
Procter & Gamble
PG
$368B
| $1.17B | 1.08% | 9,261,714 +344,629 | +4% | +$43.5M |
|
14
UnitedHealth
UNH
$281B
| $1.08B | 0.99% | 2,131,893 +327,485 | +18% | +$165M |
|
15
Verizon
VZ
$186B
| $1.03B | 0.95% | 27,089,902 -416,103 | -2% | -$15.8M |
|
16
Costco
COST
$418B
| $997M | 0.92% | 2,111,787 -64,111 | -3% | -$30.3M |
|
17
McDonald's
MCD
$224B
| $990M | 0.91% | 4,291,517 -29,611 | -0.7% | -$6.83M |
|
18
Visa
V
$683B
| $913M | 0.84% | 5,137,705 -242,506 | -5% | -$43.1M |
|
|
19
NextEra Energy, Inc.
NEE
$148B
| $893M | 0.82% | 11,382,854 -2,137,619 | -16% | -$168M |
|
20
AbbVie
ABBV
$372B
| $851M | 0.78% | 6,340,454 +631,064 | +11% | +$84.7M |
|
21
Exxon Mobil
XOM
$487B
| $844M | 0.78% | 9,668,202 +1,390,576 | +17% | +$121M |
|
22
Home Depot
HD
$405B
| $837M | 0.77% | 3,033,938 +254,205 | +9% | +$70.1M |
|
23
Pfizer
PFE
$141B
| $826M | 0.76% | 18,867,723 +1,403,558 | +8% | +$61.4M |
|
24
Bristol-Myers Squibb
BMY
$96B
| $813M | 0.75% | 11,442,639 +59,791 | +0.5% | +$4.25M |
|
|
25
Accenture
ACN
$162B
| $810M | 0.75% | 3,147,021 -485,174 | -13% | -$125M |
|