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
|
$894M |
| 2 |
UnitedHealth
UNH
|
$430M |
| 3 |
Intel
INTC
|
$409M |
| 4 |
Amazon
AMZN
|
$352M |
| 5 |
Broadcom
AVGO
|
$262M |
Top Sells
| 1 |
ATVI
Activision Blizzard Inc.
ATVI
|
$415M |
| 2 |
Microsoft
MSFT
|
$275M |
| 3 |
VMW
VMware, Inc
VMW
|
$221M |
| 4 |
JPMorgan Chase
JPM
|
$146M |
| 5 |
Verizon
VZ
|
$141M |
Sector Composition
| 1 | Technology | 30.1% |
| 2 | Healthcare | 14.11% |
| 3 | Financials | 11.92% |
| 4 | Consumer Discretionary | 9.96% |
| 5 | Industrials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.77T
| $7.76B | 5.89% | 20,643,106 -732,269 | -3% | -$275M |
|
2
Apple
AAPL
$3.45T
| $7.44B | 5.65% | 38,628,181 +48,686 | +0.1% | +$9.37M |
|
|
3
NVIDIA
NVDA
$4.25T
| $3.7B | 2.81% | 7,477,385 +1,805,763 | +32% | +$894M |
|
|
4
Amazon
AMZN
$2.44T
| $2.98B | 2.27% | 19,641,430 +2,319,577 | +13% | +$352M |
|
5
Tesla
TSLA
$1.08T
| $2.18B | 1.66% | 8,776,404 -255,803 | -3% | -$63.6M |
|
6
Berkshire Hathaway Class B
BRK.B
$1.09T
| $1.8B | 1.36% | 5,035,480 -8,552 | -0.2% | -$3.05M |
|
7
Meta Platforms (Facebook)
META
$1.86T
| $1.73B | 1.31% | 4,873,847 +309,497 | +7% | +$110M |
|
8
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.72B | 1.31% | 12,328,566 -240,411 | -2% | -$33.6M |
|
9
Johnson & Johnson
JNJ
$427B
| $1.66B | 1.26% | 10,620,264 +498,647 | +5% | +$78.2M |
|
10
PepsiCo
PEP
$204B
| $1.64B | 1.25% | 9,664,323 +1,470,064 | +18% | +$250M |
|
|
11
UnitedHealth
UNH
$281B
| $1.63B | 1.24% | 3,090,986 +815,822 | +36% | +$430M |
|
|
12
Broadcom
AVGO
$1.4T
| $1.6B | 1.21% | 1,431,489 +234,684 | +20% | +$262M |
|
|
13
Alphabet (Google) Class C
GOOG
$2.58T
| $1.56B | 1.19% | 11,086,153 -160,676 | -1% | -$22.6M |
|
14
Merck
MRK
$210B
| $1.42B | 1.08% | 12,988,942 +984,463 | +8% | +$107M |
|
15
Procter & Gamble
PG
$368B
| $1.39B | 1.06% | 9,492,039 +1,387,539 | +17% | +$203M |
|
16
Eli Lilly
LLY
$657B
| $1.26B | 0.96% | 2,160,290 -91,596 | -4% | -$53.4M |
|
17
Home Depot
HD
$405B
| $1.16B | 0.88% | 3,356,862 -61,538 | -2% | -$21.3M |
|
18
McDonald's
MCD
$224B
| $1.16B | 0.88% | 3,911,764 +26,147 | +0.7% | +$7.75M |
|
19
Walmart
WMT
$774B
| $1.12B | 0.85% | 7,130,169 +413,913 | +6% | +$65.3M |
|
|
20
JPMorgan Chase
JPM
$829B
| $1.1B | 0.83% | 6,454,646 -857,523 | -12% | -$146M |
|
21
Visa
V
$683B
| $1.05B | 0.8% | 4,048,024 -81,933 | -2% | -$21.3M |
|
22
IBM
IBM
$227B
| $1.04B | 0.79% | 6,357,047 +11,205 | +0.2% | +$1.83M |
|
23
Texas Instruments
TXN
$184B
| $1.03B | 0.78% | 6,035,704 +1,502,989 | +33% | +$256M |
|
24
Costco
COST
$418B
| $1.02B | 0.77% | 1,537,841 -131,249 | -8% | -$86.6M |
|
25
Cisco
CSCO
$274B
| $947M | 0.72% | 18,750,237 +3,753,165 | +25% | +$190M |
|