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 |
Broadcom
AVGO
|
$1.96B |
| 2 |
Costco
COST
|
$292M |
| 3 |
NVIDIA
NVDA
|
$284M |
| 4 |
Applied Materials
AMAT
|
$233M |
| 5 |
NXP Semiconductors
NXPI
|
$190M |
Top Sells
| 1 |
Tesla
TSLA
|
$1.17B |
| 2 |
Walmart
WMT
|
$198M |
| 3 |
KLA
KLAC
|
$190M |
| 4 |
Texas Instruments
TXN
|
$186M |
| 5 |
Starbucks
SBUX
|
$171M |
Sector Composition
| 1 | Technology | 33.41% |
| 2 | Financials | 12.58% |
| 3 | Healthcare | 12.38% |
| 4 | Consumer Discretionary | 8.65% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$3.45T
| $9.09B | 6.36% | 39,009,001 +328,701 | +0.8% | +$76.6M |
|
2
Microsoft
MSFT
$3.77T
| $8.47B | 5.93% | 19,688,288 +209,409 | +1% | +$90.1M |
|
|
3
NVIDIA
NVDA
$4.25T
| $7.93B | 5.55% | 65,339,258 +2,340,031 | +4% | +$284M |
|
4
Amazon
AMZN
$2.44T
| $3.2B | 2.24% | 17,174,949 -606,890 | -3% | -$113M |
|
5
Meta Platforms (Facebook)
META
$1.86T
| $2.97B | 2.07% | 5,180,579 +88,522 | +2% | +$50.7M |
|
6
Berkshire Hathaway Class B
BRK.B
$1.09T
| $2.26B | 1.58% | 4,917,958 +33,914 | +0.7% | +$15.6M |
|
7
Alphabet (Google) Class A
GOOGL
$2.57T
| $2.26B | 1.58% | 13,637,319 +543,751 | +4% | +$90.2M |
|
|
8
Broadcom
AVGO
$1.4T
| $2.17B | 1.52% | 12,557,338 +11,340,502 | +932% | +$1.96B |
|
|
9
Alphabet (Google) Class C
GOOG
$2.58T
| $1.95B | 1.37% | 11,680,637 +336,118 | +3% | +$56.2M |
|
10
Eli Lilly
LLY
$657B
| $1.72B | 1.2% | 1,936,087 -113,529 | -6% | -$101M |
|
11
UnitedHealth
UNH
$281B
| $1.55B | 1.08% | 2,644,468 -29,747 | -1% | -$17.4M |
|
12
Procter & Gamble
PG
$368B
| $1.47B | 1.03% | 8,505,949 -317,362 | -4% | -$55M |
|
|
13
Costco
COST
$418B
| $1.43B | 1% | 1,608,015 +329,107 | +26% | +$292M |
|
14
Johnson & Johnson
JNJ
$427B
| $1.43B | 1% | 8,793,492 -253,553 | -3% | -$41.1M |
|
15
JPMorgan Chase
JPM
$829B
| $1.36B | 0.95% | 6,470,897 +89,547 | +1% | +$18.9M |
|
16
PepsiCo
PEP
$204B
| $1.32B | 0.93% | 7,785,838 -975,857 | -11% | -$166M |
|
|
17
Tesla
TSLA
$1.08T
| $1.27B | 0.89% | 4,852,023 -4,466,116 | -48% | -$1.17B |
|
|
18
Walmart
WMT
$774B
| $1.21B | 0.85% | 14,968,332 -2,449,944 | -14% | -$198M |
|
19
IBM
IBM
$227B
| $1.13B | 0.79% | 5,107,916 -144,740 | -3% | -$32M |
|
20
AbbVie
ABBV
$372B
| $1.09B | 0.77% | 5,543,290 -705,589 | -11% | -$139M |
|
21
Merck
MRK
$210B
| $1.06B | 0.74% | 9,294,053 -302,865 | -3% | -$34.4M |
|
22
Exxon Mobil
XOM
$487B
| $1.04B | 0.73% | 8,868,091 +192,403 | +2% | +$22.6M |
|
23
Home Depot
HD
$405B
| $996M | 0.7% | 2,458,052 -298,881 | -11% | -$121M |
|
24
Visa
V
$683B
| $994M | 0.7% | 3,613,729 -71,452 | -2% | -$19.6M |
|
25
McDonald's
MCD
$224B
| $965M | 0.67% | 3,167,778 -360,766 | -10% | -$110M |
|