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 |
TE Connectivity
TEL
|
$156M |
| 2 |
Microsoft
MSFT
|
$154M |
| 3 |
Oracle
ORCL
|
$104M |
| 4 |
Apple
AAPL
|
$99.8M |
| 5 |
Texas Instruments
TXN
|
$98.1M |
Top Sells
| 1 |
Amazon
AMZN
|
$363M |
| 2 |
Accenture
ACN
|
$352M |
| 3 |
Alphabet (Google) Class C
GOOG
|
$313M |
| 4 |
Charter Communications
CHTR
|
$159M |
| 5 |
Danaher
DHR
|
$150M |
Sector Composition
| 1 | Technology | 28.02% |
| 2 | Healthcare | 14.96% |
| 3 | Financials | 11.83% |
| 4 | Consumer Discretionary | 9.76% |
| 5 | Consumer Staples | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$3.45T
| $7.15B | 6.14% | 36,882,919 +514,565 | +1% | +$99.8M |
|
|
2
Microsoft
MSFT
$3.77T
| $6.67B | 5.72% | 19,578,419 +452,207 | +2% | +$154M |
|
|
3
Amazon
AMZN
$2.44T
| $2.2B | 1.89% | 16,870,075 -2,785,286 | -14% | -$363M |
|
4
NVIDIA
NVDA
$4.25T
| $1.83B | 1.57% | 4,328,747 -158,519 | -4% | -$67.1M |
|
5
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.81B | 1.55% | 5,305,115 +109,413 | +2% | +$37.3M |
|
6
Tesla
TSLA
$1.08T
| $1.76B | 1.51% | 6,738,863 +17,997 | +0.3% | +$4.71M |
|
7
Johnson & Johnson
JNJ
$427B
| $1.71B | 1.46% | 10,305,935 -315,967 | -3% | -$52.3M |
|
8
PepsiCo
PEP
$204B
| $1.62B | 1.39% | 8,726,868 -601,062 | -6% | -$111M |
|
|
9
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.48B | 1.27% | 12,367,448 -682,107 | -5% | -$81.6M |
|
10
Eli Lilly
LLY
$657B
| $1.44B | 1.23% | 3,066,263 -61,510 | -2% | -$28.8M |
|
11
Merck
MRK
$210B
| $1.41B | 1.21% | 12,210,103 -322,299 | -3% | -$37.2M |
|
12
Meta Platforms (Facebook)
META
$1.86T
| $1.29B | 1.1% | 4,484,057 +160,474 | +4% | +$46.1M |
|
|
13
Alphabet (Google) Class C
GOOG
$2.58T
| $1.28B | 1.1% | 10,585,760 -2,590,903 | -20% | -$313M |
|
14
Procter & Gamble
PG
$368B
| $1.22B | 1.05% | 8,041,464 -144,132 | -2% | -$21.9M |
|
15
McDonald's
MCD
$224B
| $1.22B | 1.04% | 4,077,964 +150,524 | +4% | +$44.9M |
|
16
Walmart
WMT
$774B
| $1.04B | 0.89% | 6,587,341 -74,672 | -1% | -$11.7M |
|
17
JPMorgan Chase
JPM
$829B
| $1.03B | 0.89% | 7,115,266 -779,795 | -10% | -$113M |
|
18
UnitedHealth
UNH
$281B
| $1.01B | 0.87% | 2,105,979 -90,001 | -4% | -$43.3M |
|
19
Visa
V
$683B
| $966M | 0.83% | 4,066,579 -198,532 | -5% | -$47.1M |
|
20
Home Depot
HD
$405B
| $954M | 0.82% | 3,071,759 -108,260 | -3% | -$33.6M |
|
|
21
Oracle
ORCL
$635B
| $952M | 0.82% | 7,993,203 +869,702 | +12% | +$104M |
|
22
Verizon
VZ
$186B
| $920M | 0.79% | 24,744,539 -354,126 | -1% | -$13.2M |
|
23
Broadcom
AVGO
$1.4T
| $897M | 0.77% | 1,034,147 +9,486 | +0.9% | +$8.23M |
|
24
Costco
COST
$418B
| $890M | 0.76% | 1,652,970 -99,452 | -6% | -$53.5M |
|
25
Exxon Mobil
XOM
$487B
| $852M | 0.73% | 7,944,598 -472,390 | -6% | -$50.7M |
|