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 |
Walmart
WMT
|
$830M |
| 2 |
Meta Platforms (Facebook)
META
|
$234M |
| 3 |
NVIDIA
NVDA
|
$197M |
| 4 |
Costco
COST
|
$174M |
| 5 |
Home Depot
HD
|
$157M |
Top Sells
| 1 |
Amazon
AMZN
|
$432M |
| 2 |
Microsoft
MSFT
|
$271M |
| 3 |
Merck
MRK
|
$261M |
| 4 |
Walt Disney
DIS
|
$232M |
| 5 |
Texas Instruments
TXN
|
$201M |
Sector Composition
| 1 | Technology | 31% |
| 2 | Healthcare | 13.61% |
| 3 | Financials | 12.37% |
| 4 | Consumer Discretionary | 9.46% |
| 5 | Consumer Staples | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.77T
| $8.41B | 5.92% | 19,999,089 -644,017 | -3% | -$271M |
|
|
2
NVIDIA
NVDA
$4.25T
| $6.95B | 4.89% | 7,695,900 +218,515 | +3% | +$197M |
|
3
Apple
AAPL
$3.45T
| $6.5B | 4.57% | 37,902,798 -725,383 | -2% | -$124M |
|
|
4
Amazon
AMZN
$2.44T
| $3.11B | 2.19% | 17,247,672 -2,393,758 | -12% | -$432M |
|
|
5
Meta Platforms (Facebook)
META
$1.86T
| $2.6B | 1.83% | 5,355,082 +481,235 | +10% | +$234M |
|
6
Berkshire Hathaway Class B
BRK.B
$1.09T
| $2.09B | 1.47% | 4,979,128 -56,352 | -1% | -$23.7M |
|
7
Alphabet (Google) Class A
GOOGL
$2.57T
| $1.81B | 1.27% | 11,995,976 -332,590 | -3% | -$50.2M |
|
8
PepsiCo
PEP
$204B
| $1.8B | 1.26% | 10,258,502 +594,179 | +6% | +$104M |
|
9
Broadcom
AVGO
$1.4T
| $1.72B | 1.21% | 1,299,242 -132,247 | -9% | -$175M |
|
|
10
Alphabet (Google) Class C
GOOG
$2.58T
| $1.69B | 1.19% | 11,103,844 +17,691 | +0.2% | +$2.69M |
|
11
Johnson & Johnson
JNJ
$427B
| $1.68B | 1.18% | 10,641,747 +21,483 | +0.2% | +$3.4M |
|
12
Tesla
TSLA
$1.08T
| $1.66B | 1.17% | 9,467,608 +691,204 | +8% | +$122M |
|
13
Eli Lilly
LLY
$657B
| $1.61B | 1.13% | 2,074,446 -85,844 | -4% | -$66.8M |
|
14
Procter & Gamble
PG
$368B
| $1.54B | 1.08% | 9,495,941 +3,902 | +0% | +$633K |
|
15
UnitedHealth
UNH
$281B
| $1.47B | 1.04% | 2,975,046 -115,940 | -4% | -$57.4M |
|
|
16
Merck
MRK
$210B
| $1.45B | 1.02% | 11,008,863 -1,980,079 | -15% | -$261M |
|
|
17
Home Depot
HD
$405B
| $1.45B | 1.02% | 3,766,999 +410,137 | +12% | +$157M |
|
|
18
Costco
COST
$418B
| $1.3B | 0.91% | 1,775,397 +237,556 | +15% | +$174M |
|
19
JPMorgan Chase
JPM
$829B
| $1.27B | 0.9% | 6,354,293 -100,353 | -2% | -$20.1M |
|
|
20
Walmart
WMT
$774B
| $1.26B | 0.89% | 20,921,962 +13,791,793 | +193% | +$830M |
|
21
AbbVie
ABBV
$372B
| $1.22B | 0.86% | 6,679,568 +598,033 | +10% | +$109M |
|
22
McDonald's
MCD
$224B
| $1.19B | 0.84% | 4,213,790 +302,026 | +8% | +$85.2M |
|
23
IBM
IBM
$227B
| $1.16B | 0.81% | 6,061,429 -295,618 | -5% | -$56.5M |
|
24
Visa
V
$683B
| $1.1B | 0.77% | 3,935,170 -112,854 | -3% | -$31.5M |
|
25
Exxon Mobil
XOM
$487B
| $983M | 0.69% | 8,454,510 -625,521 | -7% | -$72.7M |
|