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 |
NVIDIA
NVDA
|
$584M |
| 2 |
Tesla
TSLA
|
$574M |
| 3 |
Microsoft
MSFT
|
$567M |
| 4 |
Apple
AAPL
|
$290M |
| 5 |
Chevron
CVX
|
$156M |
Top Sells
| 1 |
Eli Lilly
LLY
|
$437M |
| 2 |
Regeneron Pharmaceuticals
REGN
|
$114M |
| 3 |
Verizon
VZ
|
$113M |
| 4 |
Oracle
ORCL
|
$106M |
| 5 |
Mastercard
MA
|
$98.4M |
Sector Composition
| 1 | Technology | 28.31% |
| 2 | Healthcare | 14.61% |
| 3 | Financials | 12.06% |
| 4 | Consumer Discretionary | 10% |
| 5 | Consumer Staples | 7.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.77T
| $6.75B | 5.81% | 21,375,375 +1,796,956 | +9% | +$567M |
|
|
2
Apple
AAPL
$3.45T
| $6.61B | 5.68% | 38,579,495 +1,696,576 | +5% | +$290M |
|
|
3
NVIDIA
NVDA
$4.25T
| $2.47B | 2.12% | 5,671,622 +1,342,875 | +31% | +$584M |
|
|
4
Tesla
TSLA
$1.08T
| $2.26B | 1.94% | 9,032,207 +2,293,344 | +34% | +$574M |
|
5
Amazon
AMZN
$2.44T
| $2.2B | 1.89% | 17,321,853 +451,778 | +3% | +$57.4M |
|
6
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.77B | 1.52% | 5,044,032 -261,083 | -5% | -$91.5M |
|
7
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.64B | 1.42% | 12,568,977 +201,529 | +2% | +$26.4M |
|
8
Johnson & Johnson
JNJ
$427B
| $1.58B | 1.36% | 10,121,617 -184,318 | -2% | -$28.7M |
|
|
9
Alphabet (Google) Class C
GOOG
$2.58T
| $1.48B | 1.28% | 11,246,829 +661,069 | +6% | +$87.2M |
|
10
PepsiCo
PEP
$204B
| $1.39B | 1.19% | 8,194,259 -532,609 | -6% | -$90.2M |
|
11
Meta Platforms (Facebook)
META
$1.86T
| $1.37B | 1.18% | 4,564,350 +80,293 | +2% | +$24.1M |
|
12
Merck
MRK
$210B
| $1.24B | 1.06% | 12,004,479 -205,624 | -2% | -$21.2M |
|
|
13
Eli Lilly
LLY
$657B
| $1.21B | 1.04% | 2,251,886 -814,377 | -27% | -$437M |
|
14
Procter & Gamble
PG
$368B
| $1.18B | 1.02% | 8,104,500 +63,036 | +0.8% | +$9.19M |
|
15
UnitedHealth
UNH
$281B
| $1.15B | 0.99% | 2,275,164 +169,185 | +8% | +$85.3M |
|
16
Exxon Mobil
XOM
$487B
| $1.08B | 0.93% | 9,197,103 +1,252,505 | +16% | +$147M |
|
17
Walmart
WMT
$774B
| $1.07B | 0.92% | 6,716,256 +128,915 | +2% | +$20.6M |
|
18
JPMorgan Chase
JPM
$829B
| $1.06B | 0.91% | 7,312,169 +196,903 | +3% | +$28.6M |
|
19
Home Depot
HD
$405B
| $1.03B | 0.89% | 3,418,400 +346,641 | +11% | +$105M |
|
20
McDonald's
MCD
$224B
| $1.02B | 0.88% | 3,885,617 -192,347 | -5% | -$50.7M |
|
21
Broadcom
AVGO
$1.4T
| $994M | 0.86% | 1,196,805 +162,658 | +16% | +$135M |
|
22
Visa
V
$683B
| $950M | 0.82% | 4,129,957 +63,378 | +2% | +$14.6M |
|
23
Costco
COST
$418B
| $943M | 0.81% | 1,669,090 +16,120 | +1% | +$9.11M |
|
24
AbbVie
ABBV
$372B
| $921M | 0.79% | 6,175,890 +105,888 | +2% | +$15.8M |
|
25
IBM
IBM
$227B
| $890M | 0.77% | 6,345,842 +871,247 | +16% | +$122M |
|