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 |
Texas Instruments
TXN
|
$139M |
| 2 |
IBM
IBM
|
$71.2M |
| 3 |
Tesla
TSLA
|
$63.6M |
| 4 |
McKesson
MCK
|
$58.3M |
| 5 |
GE HealthCare
GEHC
|
$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
$1.15B |
| 2 |
Microsoft
MSFT
|
$401M |
| 3 |
Amazon
AMZN
|
$354M |
| 4 |
NVIDIA
NVDA
|
$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $6B | 5.32% | 36,368,354 -6,956,299 | -16% | -$1.15B |
|
|
2
Microsoft
MSFT
$3.77T
| $5.51B | 4.89% | 19,126,212 -1,389,351 | -7% | -$401M |
|
|
3
Amazon
AMZN
$2.44T
| $2.03B | 1.8% | 19,655,361 -3,423,241 | -15% | -$354M |
|
4
PepsiCo
PEP
$204B
| $1.7B | 1.51% | 9,327,930 +266,324 | +3% | +$48.6M |
|
5
Johnson & Johnson
JNJ
$427B
| $1.65B | 1.46% | 10,621,902 -704,534 | -6% | -$109M |
|
6
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.6B | 1.42% | 5,195,702 -218,478 | -4% | -$67.5M |
|
|
7
Tesla
TSLA
$1.08T
| $1.39B | 1.24% | 6,720,866 +306,691 | +5% | +$63.6M |
|
|
8
Alphabet (Google) Class C
GOOG
$2.58T
| $1.37B | 1.22% | 13,176,663 -1,811,125 | -12% | -$188M |
|
|
9
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.35B | 1.2% | 13,049,555 -1,862,486 | -12% | -$193M |
|
10
Merck
MRK
$210B
| $1.33B | 1.18% | 12,532,402 -608,217 | -5% | -$64.7M |
|
|
11
NVIDIA
NVDA
$4.25T
| $1.25B | 1.11% | 4,487,266 -1,088,507 | -20% | -$302M |
|
12
Procter & Gamble
PG
$368B
| $1.22B | 1.08% | 8,185,596 -633,726 | -7% | -$94.2M |
|
13
McDonald's
MCD
$224B
| $1.1B | 0.97% | 3,927,440 -154,545 | -4% | -$43.2M |
|
14
Eli Lilly
LLY
$657B
| $1.07B | 0.95% | 3,127,773 -244,554 | -7% | -$84M |
|
15
UnitedHealth
UNH
$281B
| $1.04B | 0.92% | 2,195,980 -274,359 | -11% | -$130M |
|
16
JPMorgan Chase
JPM
$829B
| $1.03B | 0.91% | 7,895,061 -378,130 | -5% | -$49.3M |
|
17
AbbVie
ABBV
$372B
| $994M | 0.88% | 6,236,206 -494,125 | -7% | -$78.7M |
|
18
Walmart
WMT
$774B
| $982M | 0.87% | 6,662,013 -499,643 | -7% | -$73.7M |
|
19
Verizon
VZ
$186B
| $976M | 0.87% | 25,098,665 +478,604 | +2% | +$18.6M |
|
20
Visa
V
$683B
| $962M | 0.85% | 4,265,111 -525,144 | -11% | -$118M |
|
21
Home Depot
HD
$405B
| $938M | 0.83% | 3,180,019 +179,764 | +6% | +$53.1M |
|
22
Exxon Mobil
XOM
$487B
| $923M | 0.82% | 8,416,988 -1,205,684 | -13% | -$132M |
|
23
Meta Platforms (Facebook)
META
$1.86T
| $916M | 0.81% | 4,323,583 -749,418 | -15% | -$159M |
|
24
Costco
COST
$418B
| $871M | 0.77% | 1,752,422 -140,383 | -7% | -$69.8M |
|
25
Cisco
CSCO
$274B
| $796M | 0.71% | 15,222,591 -1,247,389 | -8% | -$65.2M |
|