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 |
Apple
AAPL
|
$1.04B |
| 2 |
Financial Select Sector SPDR Fund
XLF
|
$530M |
| 3 |
Microsoft
MSFT
|
$397M |
| 4 |
JPMorgan Chase
JPM
|
$226M |
| 5 |
Amazon
AMZN
|
$179M |
Top Sells
| 1 |
Walmart
WMT
|
$274M |
| 2 |
Eli Lilly
LLY
|
$164M |
| 3 |
NextEra Energy, Inc.
NEE
|
$159M |
| 4 |
Cisco
CSCO
|
$115M |
| 5 |
Accenture
ACN
|
$111M |
Sector Composition
| 1 | Technology | 22.76% |
| 2 | Healthcare | 16.97% |
| 3 | Financials | 12.96% |
| 4 | Consumer Staples | 8.85% |
| 5 | Consumer Discretionary | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $5.63B | 4.8% | 43,324,653 +8,042,205 | +23% | +$1.04B |
|
|
2
Microsoft
MSFT
$3.77T
| $4.92B | 4.19% | 20,515,563 +1,654,466 | +9% | +$397M |
|
3
Johnson & Johnson
JNJ
$427B
| $2B | 1.71% | 11,326,436 -425,068 | -4% | -$75.1M |
|
|
4
Amazon
AMZN
$2.44T
| $1.94B | 1.65% | 23,078,602 +2,136,881 | +10% | +$179M |
|
5
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.67B | 1.43% | 5,414,180 -19,639 | -0.4% | -$6.07M |
|
6
PepsiCo
PEP
$204B
| $1.64B | 1.4% | 9,061,606 +104,039 | +1% | +$18.8M |
|
7
Merck
MRK
$210B
| $1.46B | 1.24% | 13,140,619 -614,080 | -4% | -$68.1M |
|
8
Procter & Gamble
PG
$368B
| $1.34B | 1.14% | 8,819,322 -442,392 | -5% | -$67M |
|
9
Alphabet (Google) Class C
GOOG
$2.58T
| $1.33B | 1.13% | 14,987,788 +1,547,138 | +12% | +$137M |
|
|
10
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.32B | 1.12% | 14,912,041 -94,194 | -0.6% | -$8.31M |
|
11
UnitedHealth
UNH
$281B
| $1.31B | 1.12% | 2,470,339 +338,446 | +16% | +$179M |
|
|
12
Eli Lilly
LLY
$657B
| $1.23B | 1.05% | 3,372,327 -449,023 | -12% | -$164M |
|
|
13
JPMorgan Chase
JPM
$829B
| $1.11B | 0.95% | 8,273,191 +1,681,593 | +26% | +$226M |
|
14
AbbVie
ABBV
$372B
| $1.09B | 0.93% | 6,730,331 +389,877 | +6% | +$63M |
|
15
McDonald's
MCD
$224B
| $1.08B | 0.92% | 4,081,985 -209,532 | -5% | -$55.2M |
|
16
Exxon Mobil
XOM
$487B
| $1.06B | 0.9% | 9,622,672 -45,530 | -0.5% | -$5.02M |
|
|
17
Walmart
WMT
$774B
| $1.02B | 0.87% | 7,161,656 -1,932,211 | -21% | -$274M |
|
18
Visa
V
$683B
| $995M | 0.85% | 4,790,255 -347,450 | -7% | -$72.2M |
|
19
Verizon
VZ
$186B
| $970M | 0.83% | 24,620,061 -2,469,841 | -9% | -$97.3M |
|
20
Home Depot
HD
$405B
| $948M | 0.81% | 3,000,255 -33,683 | -1% | -$10.6M |
|
21
Pfizer
PFE
$141B
| $944M | 0.8% | 18,423,247 -444,476 | -2% | -$22.8M |
|
22
Costco
COST
$418B
| $864M | 0.74% | 1,892,805 -218,982 | -10% | -$100M |
|
23
Coca-Cola
KO
$297B
| $819M | 0.7% | 12,876,179 -219,786 | -2% | -$14M |
|
24
NVIDIA
NVDA
$4.25T
| $815M | 0.69% | 5,575,773 +139,826 | +3% | +$20.4M |
|
25
Bristol-Myers Squibb
BMY
$96B
| $796M | 0.68% | 11,059,813 -382,826 | -3% | -$27.5M |
|