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 |
Vanguard S&P 500 ETF
VOO
|
$2.5B |
| 2 |
Meta Platforms (Facebook)
META
|
$334M |
| 3 |
Abbott
ABT
|
$271M |
| 4 |
Stryker
SYK
|
$155M |
| 5 |
McDonald's
MCD
|
$154M |
Top Sells
| 1 |
Apple
AAPL
|
$1.14B |
| 2 |
Costco
COST
|
$440M |
| 3 |
Oracle
ORCL
|
$194M |
| 4 |
Micron Technology
MU
|
$192M |
| 5 |
Gilead Sciences
GILD
|
$157M |
Sector Composition
| 1 | Technology | 28.1% |
| 2 | Financials | 13.31% |
| 3 | Healthcare | 11.32% |
| 4 | Consumer Discretionary | 8.29% |
| 5 | Communication Services | 8.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard S&P 500 ETF
VOO
$726B
| $11.3B | 7.88% | 21,952,154 +4,872,147 | +29% | +$2.5B |
|
|
2
Apple
AAPL
$3.45T
| $7.7B | 5.38% | 34,658,986 -5,146,262 | -13% | -$1.14B |
|
3
Microsoft
MSFT
$3.77T
| $7.18B | 5.02% | 19,136,992 -96,696 | -0.5% | -$36.3M |
|
4
NVIDIA
NVDA
$4.25T
| $6.34B | 4.43% | 58,493,782 -1,205,722 | -2% | -$131M |
|
|
5
Meta Platforms (Facebook)
META
$1.86T
| $3.18B | 2.22% | 5,516,771 +579,153 | +12% | +$334M |
|
6
Amazon
AMZN
$2.44T
| $3.05B | 2.13% | 16,048,307 -271,062 | -2% | -$51.6M |
|
7
Berkshire Hathaway Class B
BRK.B
$1.09T
| $2.54B | 1.78% | 4,774,712 -99,513 | -2% | -$53M |
|
8
Broadcom
AVGO
$1.4T
| $2.18B | 1.52% | 13,014,091 +417,135 | +3% | +$69.8M |
|
9
Alphabet (Google) Class A
GOOGL
$2.57T
| $2.05B | 1.43% | 13,256,179 +197,343 | +2% | +$30.5M |
|
|
10
Alphabet (Google) Class C
GOOG
$2.58T
| $1.77B | 1.24% | 11,350,841 +246,975 | +2% | +$38.6M |
|
11
JPMorgan Chase
JPM
$829B
| $1.46B | 1.02% | 5,938,814 -303,484 | -5% | -$74.4M |
|
12
Johnson & Johnson
JNJ
$427B
| $1.45B | 1.01% | 8,739,427 +28,535 | +0.3% | +$4.73M |
|
13
Eli Lilly
LLY
$657B
| $1.43B | 1% | 1,728,112 -133,065 | -7% | -$110M |
|
14
Procter & Gamble
PG
$368B
| $1.39B | 0.97% | 8,143,360 -209,199 | -3% | -$35.7M |
|
15
UnitedHealth
UNH
$281B
| $1.33B | 0.93% | 2,535,617 -40,692 | -2% | -$21.3M |
|
16
Visa
V
$683B
| $1.3B | 0.91% | 3,696,263 +232,861 | +7% | +$81.6M |
|
17
Tesla
TSLA
$1.08T
| $1.22B | 0.85% | 4,707,611 -60,314 | -1% | -$15.6M |
|
18
AbbVie
ABBV
$372B
| $1.19B | 0.83% | 5,669,484 +709,748 | +14% | +$149M |
|
|
19
Costco
COST
$418B
| $1.18B | 0.83% | 1,248,319 -465,458 | -27% | -$440M |
|
20
Walmart
WMT
$774B
| $1.09B | 0.76% | 12,423,002 -1,500,845 | -11% | -$132M |
|
|
21
McDonald's
MCD
$224B
| $1.08B | 0.75% | 3,456,061 +494,286 | +17% | +$154M |
|
22
PepsiCo
PEP
$204B
| $1.07B | 0.75% | 7,155,235 +84,999 | +1% | +$12.7M |
|
23
IBM
IBM
$227B
| $1.05B | 0.74% | 4,238,215 -377,342 | -8% | -$93.8M |
|
24
Home Depot
HD
$405B
| $1.05B | 0.73% | 2,866,794 +371,866 | +15% | +$136M |
|
25
Mastercard
MA
$538B
| $1.04B | 0.73% | 1,893,744 -53,708 | -3% | -$29.4M |
|